New Smyrna Beach FL Real Estate Sales: 2007 Year in Review

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Real Estate Agent with Florida Property Experts

New Smyrna Beach
Over the past few weeks I've been covering the 2007 real estate sales for the Daytona Beach area. You can read those posts here...

  1. Daytona Beach
  2. Daytona Beach Shores
  3. Port Orange
  4. Ormond Beach
  5. Ormond by the Sea
  6. Ponce Inlet
  7. South Daytona
  8. Holly Hill
  9. Wilbur by the Sea

Now immediately to the south of the Daytona Beach area... more precisely, just south of Port Orange, is New Smyrna Beach. One unique factor about New Smyrna Beach is it's proximity to Orlando. Many people who work and live in Orlando own second homes in New Smyrna Beach. That has long been one of the big forces that drive the New Smyrna Beach real estate market. 

While the Daytona Beach area relies on tourists and seasonal residents from out-of-state, New Smyrna Beach, even though it's only 20 miles to the south, has different real estate trends due to it's many buyers coming from just an hour away. If you look at the charts you'll find on each of the other city links and compare them to the New Smyrna Beach chart, these differences will be significantly noticeable.

New Smyrna Beach real estate sales

 

As this chart shows, New Smyrna Beach didn't have the extremely high peaks that all the other local cities had. Instead, it shows the sales following the national, overall economic trends.

For more information about the city of New Smyrna Beach, read these blogs I've posted in the past.

If you're considering buying or selling real estate in New Smyrna Beach, make a Smart Choice and contact Lisa Hill.

Lisa Hill

Adams Cameron Realtors

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Rainmaker
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Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County
Hopefully they will level off now. Like all your other charts the drop from 2005 is tremendous!
Jan 31, 2008 01:26 AM #1
Rainmaker
595,456
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
Gary- The drop is definitely evident. But unlike the other ones, New Smyrna was fairly steady for all the previous years. The drop didn't happen until the entire nation started cutting back on their spending. And with most of the New Smyrna sales being 2nd homes, it would make sense to see a significant drop when people started cutting back to just the necessities.
Jan 31, 2008 04:52 AM #2
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Rainmaker
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Lisa Hill

Daytona Beach Real Estate
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