Well this is it. My last post in my 2007 real estate year-in-review series. I have now covered all of east Volusia County, with the exception of a couple of tiny towns that only had 1 or 2 sales last year. Within the next few days, I'll put everything together and create one chart for comparing all the cities in one place.
Like I've done in each of the other posts, I'm going to insert a snippet from my Daytona Beach post here, before continuing with the real estate sales data for the city of Edgewater.
"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." ... "It was at the beginning of 2006 that some real estate agents in east Volusia County, where the Daytona Beach Area Association of REALTORS is located, began to report slower sales. I can't speak for everyone, but I personally saw no change in my sales until July of 2006. In fact, by June of 2006 I had already beat my 2005 year-to-date sales and was set to have another record-breaking year."
Click here to read the full report from the Daytona Beach real estate sales: 2007 year in review.
And view the charts and information for each of the other coastal cities of East Volusia County below.
- Daytona Beach
- Daytona Beach Shores
- Port Orange
- Ormond Beach
- Ormond by the Sea
- Ponce Inlet
- South Daytona
- Holly Hill
- New Smyrna Beach
Now for the Edgewater real estate sales data for the years 2000-2007, view the chart below...
And since Oak Hill is to the immediate west of New Smyrna Beach and Edgewater, but it's such a small town, rather than create a separate post for Oak Hill, I've created a chart for it. That chart is located below...