The latest Census data was release recently. Our area newspaper, the Daytona Beach News-Journal, recently reported on the growth and its tie to the housing market. The statistics are very interesting.
Both markets showed excellent growth over the past ten years. The challenge with associating the trend with the housing market is that the activity we’ve seen in terms of price and sales over the past ten years has fluctuated both ways during that time. Between 2000 and 2005 we had a tremendous upswing in both the number of housing transactions and the average price of those properties. From 2006 until 2010 there has been a dramatic decrease in price. Without seeing the year to year fluctuations it is effectively impossible to draw any conclusion between the two sets of data.
Both markets showed excellent growth over the past ten years. The challenge with associating the trend with the housing market is that the activity we’ve seen in terms of price and sales over the past ten years has fluctuated both ways during that time. Between 2000 and 2005 we had a tremendous upswing in both the number of housing transactions and the average price of those properties. From 2006 until 2010 there has been a dramatic decrease in price. Without seeing the year to year fluctuations it is effectively impossible to draw any conclusion between the two sets of data.
However, it is fantastic to see the growth over these periods and it certainly supports the return of the housing market that is currently being forecast. As people continue to move to this area, they will need to find housing.
For more information of homes for sale in the Greater Daytona Beach area and surrounding communities of homes for sale on the ocean, golf course, or river front.
Thanks for the link back! I'm glad you enjoyed the article.
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