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Port Orange Real Estate Market Analysis – focus on Sanctuary on Spruce Creek and Sabal Creek – March 2012

Image        As a real estate professional, it is important to stay current with home values. On a regular basis I research neighborhoods in my area of expertise. When I list or get ready to make an offer, I complete even more target specific research into the values.

The 32128 ZIP code has the highest income and education attainment levels in the area. The Sanctuary on Spruce Creek and Sabal Creek neighborhoods are two of the most desirable in 32128.

Let’s look at two 6 month periods. The past 6 months, and the 6 months before that. For consistency we will look at larger pool homes – 2400 to 3300 living square feet (LSF).

From 03/2011 to 09/2011

Sanctuary on Spruce Creek averaged $97 per LSF

Sabal Creek averaged $99 per LSF

 

From 09/2011 and 03/2012

Sanctuary on Spruce Creek averaged $115 per LSF

Sabal Creek averaged $114 per LSF

The consistency in values between The Sanctuary on Spruce Creek and Sabal Creek shows they compete directly with each other. Sellers and buyers need to be aware of this when structuring offers and counter-offers.

For an overview of all of Volusia County, please contact me and I will send to you a Power Point slide show that was released by the Volusia County Property Appraiser in February 2012. It concluded more Residential Real Estate is selling. Sales Prices are declining, but showing some stability. Rates of decline are less than last year. Sales Prices are back to 2002-2003 levels. Local Government spending is back to 2002-2005 levels, depending on jurisdiction.

If you or anyone you know are interested in buying or selling, please contact me right away.

Phil Hanner

Experienced Short Sales Agent

Accredited REO Agent™

www.findahomeinportorange.com

Keller Williams Realty Florida Partners

3510 S. Nova Road, Suite 112

Port Orange, FL 32129

Licensed Realtor

Cell: 386-214-7745  Lucy Cell: 386-214-6220

Fax: 386-944-2808

email: PHILHANNER@GMAIL.COM

Member South Daytona/Port Orange Chamber of Commerce

Member Central Florida Realty Investors

March 6, 2012 Posted by | Uncategorized | Leave a comment