Daytona Beach FL Homes

Even though the news was great for November real estate sales in the Daytona Beach area (read my Active Rain blog about the healthy rise in numbers sold), Daytona Beach made Forbes top 10 cities in the nation with the highest declines in residential property values. The Deltona-Daytona Beach-Ormond Beach came in at No. 9, with a nearly 31.3 percent decline from a peak of $255,667 in third-quarter 2006 to $175,775 in the third quarter of this year.

3 central Florida metropolitan areas made the top 10. Orlando placed 10th with a 30.9% decreaase. Orlando area home values peaked at about $297,552 in the first quarter of 2007 and fell to $205,524 in the third quarter of 2009.

Palm Bay-Melbourne-Titusville area was No. 8, with a nearly 37.7 percent decline in the median home price, from an estimated peak of $265,405 in first-quarter 2006 to $165,446 in third-quarter 2009.

Topping the list was Merced, Calif., where home prices fell 62.1 percent to $127,585 after peaking at $336,743 in the second quarter of 2006.

Bad news always is good news for someone, and represents an opportunity where some may see only gloom. Our market is such an opportunity for buyers, with the low rates, government purchase incentives, and motivated sellers, you shouldn't let this pass you by. Contact me today for Daytona real estate information, and search Daytona Beach homes for sale on my web site.

Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
http://www.sherryarmstrong.com/

(resource: Orlando Biz Journal)