Port Orange Real Estate Market Analysis – focus on Sanctuary on Spruce Creek and Sabal Creek – March 2012
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.
Experienced Short Sales Agent
Accredited REO Agent™
Keller Williams Realty Florida Partners
3510 S. Nova Road, Suite 112
Port Orange, FL 32129
Cell: 386-214-7745 Lucy Cell: 386-214-6220
Member South Daytona/Port Orange Chamber of Commerce
Member Central Florida Realty Investors
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