Deltona real estate market report
The first post on my new Deltona real estate agent blog will provide an overview of the Deltona real estate market as of today, September 6, 2008. From this point I will provide regular updates to what is selling, what is not selling and general market conditions surrounding real estate in Deltona.
According to the MLS the following sales by number of units have occured in Deltona this year:
- Homes sold – 562
- Condos sold – 15
- Commercial real estate sold – 5
- Income property sold – 3
- Land sold – 24
Looking only at the reported residential home sales the sold numbers indicate that:
- 91 of the homes sold were priced at or below $100,000
- 457 were sold between $101,000 and $250,000
- 13 sold between $250,001 and $500,000
- 1 home sold over $500,001
The 562 homes sales are down from the 761 homes reported as selling during the same time period in 2007. Deltona’s real estate market is similar to all of Central Florida in that the foreclosure problem has increased the amount of bank owned homes that have sold. Nearly 31% (174) of the reported solds thus far in 2008 were listed as being bank owned property. This trend is expected to continue through the year.
This market report is a clear indication to how important it is to use a qualified full time real estate agent to help sell your home or purchase a home in Deltona. For a detailed market report of the Deltona neighborhood where your home is located or to find the very best deals available in Deltona, give me a call.
