Volusia County Real Estate on the Rise!

One question I am asked alot is 'How is the housing market in the Volusia County area?' I can honestly say that it has started taking a turn for the better. From January 1st, to June 30th, 2008 there were 992 SF (single family) homes, 104 SF attached, and 268 condos SOLD in the East Volusia County area for a total of 1,364 units sold. In the same period for 2009 there were 1217 SF homes, 91 SF attached and 363 Condos SOLD for a total of 1,671. This represents an increase of approximately 19% in total sales. Of course some of you may be wondering how many of those sales were foreclosures or some form of distress or short sale. On average, the '09 statistics had approximately 30% of the sales as some type of distress sale. In '08 the distress sales represented only 11% of the market. Volusia County has 9.728 pre-foreclosure and bank foreclosure properties

For people who love Volusia County Florida as a getaway, this is a perfect time to purchase that condominium on the beach. This is also good news for people who have been on the fence about purchasing a new home this is a wonderful time to take advantage of all of the foreclosures on the market and low interest rates.

http://www.bankforeclosuressale.com/list/fl/county127/deltona.html

As unpredictable as this economy and market may be at times it is still possible to find a way to look on the brighter side of things and keep a positive outlook. As prices fall back to affordable levels and interest rates remain low, more and more people will begin to get their feet wet and get back in to the real estate market, and begin to help this economy.

Call me if your or someone you know cannot pay thier mortgage! The more you know the better decisions you can make.

Yvonne Long, Realtor

yvonnel.long@gmail.com

Innovative Realty Solutions Group, Inc