The real estate market has taken a hit over the last few years, but if current trends are any indication, we may be on the road to recovery. In fact, there are currently only 3 single-family homes available in two of Port Orange’s most desirable neighborhoods: Sable Creek and Sanctuary on Spruce Creek. Because of the award-winning schools, modern and convenient restaurant and retail options, and an emphasis on aesthetically pleasing planning by the city, it is no wonder the nicest Port Orange homes are becoming scarce.
What does this mean for you?
For those thinking of purchasing a home in Port Orange, and just haven’t quite set your mind to it, this should be a gentle call to action. I had a very successful year selling real estate in Port Orange in 2012, and have already completed 7 deals in January. Additionally, I have potential buyers calling constantly looking for homes like these in the Port Orange area. With all of this interest, not only will it decrease availability of established, quality homes, but it will actually increase asking prices of these homes due to competition.
For residents in Sable Creek and Sanctuary, or any other Port Orange homeowners, you should look at this as an opportunity. A shortage of quality homes like yours produces more competition from buyers, and thus, you may enjoy higher sale prices and quicker closings, if you decide to place your home on the market.
For more information on the current real estate market in Port Orange or regarding the value of your Port Orange home, don’t hesitate to call me today at (386)527-8577.