As I continue with my blog posts for each city in east Volusia County (the Daytona Beach area) and provide you with up-to-date, year-end real estate information for 2007, this post will cover the city of Holly Hill. If you're keeping track, this is post number 8 in this series. So far we've covered...
If you're not familiar with the Daytona Beach area, you may want to read my post about the separation lines of each city. What many people believe is all Daytona Beach, is really many small cities. You can drive from end-to-end in less than 30 minutes.
As I continue this series of posts, I'll once again refer to my original post about Daytona Beach, and use an excerpt from that post. I started that post by saying "I recently posted 2 blogs about how well the year 2008 has started in Volusia County. This is great news compared to the great real estate meltdown of 2007. Read Real Estate is Great in 2008 and Good News for Central Florida Real Estate in 2008 to find out how my year has started."
So far the brisker business is holding and we're all hoping it will continue to do so. In my Daytona Beach post, I also referenced the peak of our local real estate market, and the inevitable decline is property values, and exactly when it started; which for the record, but much later than many other areas of the U.S. Here's an excerpt from that portion of the post..."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." Read the post in it's entirety here, at Daytona Beach real estate sales for 2000-2007. That information pertains to every city in this series.
Now for the 2007 year-end market report for Holly Hill, view the chart below.
What you see in this chart is in line with most of the other cities in this area. To see the charts for the other cities in east Volusia County, just click on each city at the beginning of this post. As I finalize this series, I'll put these statistics together in one graph, for an overall comparison. Just bear in mind that some cities are significantly smaller and less populated than others. So be sure to check the numbers on the left side of the graph to really get an accurate view of the Daytona Beach area real estate market.
*All statistics were provided by the Daytona Beach Area Association of REALTORS® and MLS. You can view nationwide real estate listings or just local listings from the Daytona Beach Multiple Listing Service (MLS) on my personal web site. Just follow the provided link.
Or view my personal real estate listings here.
If you'd like to buy or sell real estate in Holly Hill or anywhere in the Daytona Beach area, I'm a native and have sold homes from Flagler Beach to Edgewater. I'd love to help!
1100 Dunlawton Ave., Port Orange, FL 32127 386-761-6100