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| Port Orange Real Estate - Listings - Sales - Foreclosures in 2009 |
As a follow-up to my recent post titled "Port Orange Real Estate Listings and Sales 2000-2009 Market Report", I decided to write this post, which shows just how many of the 2009 sales were foreclosures and short sales. Once again, I've included a bar graph. For statistical purposes, on this graph I've also posted the actual numbers of how many of these real estate sales were along the lines of foreclosures, pre-foreclosures and short sales.

As indicated in the bar graph, for the city of Port Orange, the 2009 real estate Foreclosure Sales and Short Sales were not as high as some other cities in Volusia County. For example, a significant number of the 2009 real estate sales for the city of Daytona Beach were NOT traditional seller-to-buyer sales. But Port Orange had a lower number of foreclosure sales and short sales, which is good news for Port Orange real estate sellers.
Read my previous post in the link at the beginning of this post to see all the data on the real estate listings and sales for Port Orange for the last decade (information provided by the Daytona Beach Area Association of REALTORS® and Multiple Listings Service - MLS).
To buy a house or condo in Port Orange, FL, or to sell a house or condo in Port Orange, FL (or to buy or sell any type of real estate) make a Smart Choice and contact Lisa Hill for all your real estate needs.
www.DaytonaBeachRealEstateSales.com
www.PortOrangeRealEstateSales.com


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Description:3 Acre IslandLocated on the Florida Intracoastal waterway, this beautiful private Island can be yours. The Island is buildable, and the following surveys have been done on it: Phase 2 Environmental Studies, Topographical survey and Tree surveys. This Island is only accessible by boat, yacht, carboat or possibly helicopter. The Island is populated with cedar, palm and oak trees and as elevations of about 5ft. buildable portion of the island totals at 1.81 acres. Owner Financing available with only $25,000 down, 30 year AMO at 7%% interest and a 5 year balloon. No prepayment penalties. Suggested Uses: Island Resort / Restaurant, with up to 6 cabins and master building. Suggests 200 ft large dock to service multiple yachts. Utilizing solar power, it is suggested to also use a blackwater water pump-able storage system. A Grey water system can be used for irrigation. Asking price: $499,000.00 Google Maps Link |
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| Port Orange Real Estate Market Reports - Listings and Sales 2000-2009 |
Port Orange real estate sellers: I believe you'll appreciate this compilation of real estate data, which can help you see the big picture when it comes to selling your Port Orange house, condo, townhouse, vacant land, or any type of investment property. It's not just about how much your neighbors are asking for their house. It's not even about the last 6 months of comparable real estate sales. In recent months, many lenders have wanted to see only 3 months of recent sales data. And while sales have been improving, the improvement has been in small increments, and many of the sales have been foreclosures.
In case you're wondering, your buyer's appraiser WILL include the foreclosures when they appraise your home. Unfortunately, the lender (who decides who will handle the appraisal) will dictate how the appraisal must be done. And if they feel there's even the slightest chance that the local real estate market has not finished correcting itself, the lender will personally adjust the appraised value downward. So yes, those foreclosed (IE: Real Estate Owned, or REO) sales DO count!
So when your REALTOR® (or real estate agent) brings you the Comparative Market Analysis (CMA) for your Port Orange real estate listing; in order to determine your asking and eventual sales price, you will find REO sales included. And unless there is positive proof that local real estate values are improving, then you'll need to do your best to take a step back, and view your listing through the eyes of a buyer...
Depending on what type of real estate you're selling, IE: a house, townhouse, condo, vacant land, or any type of investment property; how does it compare to whatever other properties are on the market, that your potential buyer will be viewing? This is why having a REALTOR® is so important. REALTORS® are not emotionally attached to your home,
therefore we can give you an objective analysis. So please don't shoot the messenger! =)
Port Orange real estate buyers: You've probably just read the paragraphs above, and are mulling it over in your mind, thinking about how that information can benefit you. Well obviously, like the lenders, you don't want to pay a price that seems fair right now, only to find out the local real estate values are still in decline. But while you can certainly expect a deal, it's unreasonable to expect many sellers (banks included) to give you a "steal". This is why both sellers and buyers of real estate need an honest, knowledgeable, BOLD, REALTOR® who will provide the cold hard facts, no matter what.
Real estate buyers, you can use this information to help you determine the value of your next potential home, and how much to offer and/or invest, whether it's a house, manufactured home, townhouse, duplex or condo. The following chart contains data from the Daytona Beach Area Association of REALTORS® Multiple Listing Service (MLS), and shows the total sales-to-date for the city of Port Orange.
The following bar graph shows the real estate sales data for the city of Port Orange for the last decade. As I've shown in previous posts about our local real estate market statistics, there was a steep drop in real estate sales in 2006, while at the same time, there was a drastic increase in the number of listings that went on the market. At that point, the supply exceeded the demand by so much that if no other properties came on the market, it would have taken 2.5 years to sell the amount of inventory in the Daytona Beach Area Multiple Listing Association (MLS). Then, as properties began going into foreclosure, there was a slight drop in the number of properties being listed, but the number of sales also decreased even more. 2008 then showed another slight increase, and 2009 also showed some better statistcs. However, the values ARE still declining! And many recent sales were bank-owned listings. We'll be addressing those numbers in upcoming posts.

Here are some other posts about Volusia County real estate sales in the last couple of years. These links are all about our real estate market since the decline began.
Daytona Beach Real Estate Sales History, 2000-2009 (Year-to-Date)
2009 Year-End Reports Daytona Beach Area -Volusia County- Real Estate Market. Good News!
Daytona Beach Real Estate: 2007 year in review
YES! I Will Hold Open Houses for My Real Estate Sellers!
For information on buying or selling real estate anywhere in the Daytona Beach area, make a Smart Choice and contact Lisa Hill with Florida Property Experts.


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| Celebrating Christmas on Lisa Hill's Daytona Beach and Port Orange Real Estate Blog |
I've held true to my word. I celebrate Christmas for the entire month of December! And I still have 3 more days! LOL. So as I was enjoying our new (4 feet taller) Christmas tree this year, I got inspired to take some photos of the decorations. I hope you enjoy this little slide show of our Christmas tree, and possibly the last bit of Christmas music you'll be able to hear for 2009.
I may get inspired to post one more Christmas-themed post in the next 3 days, but if not...

www.DaytonaBeachRealEstateSales.com
www.PortOrangeRealEstateSales.com

*ALL PHOTOS, IMAGES, AND CONTENT OF ANY KIND IS THE SOLE PROPERTY OF LISA C. HILL. DO NOT COPY! (You may use the actual Copyright logo at the beginning of this paragraph.)
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Foreclosure homes are still plentiful across the nation. While there are still many more to be made available in the months ahead, there are some signs that banks may be willing to work harder to approve the short sales that are currently in progress.
Much of the logjam in the process has been due to complex systems and guidelines that are currently in place for approvals. Much progress has been made to simplify the process, and combined with increases in staffing to facilitate the high volume of cases being reviewed, there are reasons for increased optimism.
Watch for the acronym HAFA (Home Affordable Foreclosure Alternatives Program) in the news, as this appears to be the guiding force in streamlining the process. Click Here to see a summary provided by Florida Realtors of some initiatives from HAFA to be implemented in April 2010, all of which lenders have been encouraged to embrace immediately.
Click Here To Search For Daytona Beach FL homes for sale
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