This week, I posted a blog about how well 2008 has started for me. Actually, I posted a couple of blogs on that subject. You can read those here...
And yesterday I posted the Daytona Beach Real Estate: 2007 Year in Review. I'm going to take some excerpts from the Daytona Beach report, before proceeding with Daytona Beach Shores.
Here's an excerpt from yesterday's post titled Daytona Beach Real Estate: 2007 year in review.... In the summer of 2005, the Daytona Beach area MLS only had approximately 1000-1400 residential listings available at any given time. This low supply, coupled with a heavy housing demand was causing our real estate prices to skyrocket and bidding wars were common. Then toward the end of 2005, the inventory slowly started to climb, as the speculator-investors completed their remodeling projects and began putting their prized inventory back on the market. Since the demand still exceeded the supply, those renovated houses were scooped up immediately, for top dollar. The real estate feeding frenzy was still in full effect in the Daytona Beach area. While most of the U.S. real estate market was starting to decline, most of Florida's market remained strong.
Follow the link above to read the entire post and to see the graph of the results. Now for the Daytona Beach Shores real estate report. If you're not aware of the difference between Daytona Beach and Daytona Beach Shores, follow the link in the paragraph above, for a map of the "Daytona Beach area".
The following is a chart of the annual sales in Daytona Beach Shores for the years 2000 to 2007.
Don't forget to read the Daytona Beach report as that information applies to this report as well.