Daytona Beach Real Estate: Buy now!
If you are one of those people who has been waiting for the Daytona Beach real estate market to hit rock bottom before you buy or invest, then now is the time to start buying. Whether you are an investor lucky enough to still have capital to invest, or someone looking to purchase that first house while prices are low, now is the time to move. If you have been watching the Florida or Daytona Beach real estate market for any significant amount of time, then you have been around for the incredible high and subsequent low. As little as three years ago, investing in property in East Central Florida was like investing in raw diamonds, especially Daytona Beach real estate. Even if you did absolutely nothing to the Daytona Beach property, you were sure to be able to make a significant profit if you turned around and sold it in as little as 12 months.
For the Daytona Beach area real estate, property values were doubling and tripling at an amazing rate according to Ramara Garrett at Waverly Property Group. In fact, it wasn’t unheard of to double your real estate investment between the time you signed the contract on a new build and the time it was finished. Amazing! Then, as most of us know, the real estate market headed south at an equally amazing rate. Those same new builds couldn’t even be sold for what they cost to build. Well, all signs are pointing to the Daytona Beach real estate market having reached rock bottom.
Ramara Garrett, of Waverly Property Group, Daytona Beach real estate agency, says that the expectation in the industry is that we are at the turning point. In Volusia County (Daytona Beach, Ponce Inlet, New Smyrna Beach areas) there were almost 100 more homes sold this April (189) than last April (99). Furthermore, those 189 home sales represent almost 20 more in April than were sold in March of this year. Ramara Garrett says that it will be a slow climb back for Daytona Beach real estate, but she believes the climb has begun. So what does that mean for those of you looking to invest or buy a first home in Daytona Beach? Well, if you have been patiently waiting to get the best bang for your buck, you might want to consider acting now. While no one has a crystal ball handy to tell us exactly when the real estate prices are at there lowest, we can listen to the Daytona Beach real estate experts like the team at Waverly Property Group. As mentioned, it appears as though the Daytona Beach Real Estate market is headed for a turn around. What that means for you is that you need to act before the prices go back up. Contact Ramara Garrett of one of the team at Waverly Property Group and they can help you find exactly what you’re looking for in a property.
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