March 2020 Market Update!

According to the Monthly Market Detail Report released by the New Smyrna Beach Board of Realtors on April 21, 2020, the average sale price during the month of March was $363,449, up 4.9% from this time last year. March also saw a total of 186 new listings and 153 closed sales!

The full report from the New Smyrna Beach Board of Realtors is available for download below:

If you have been thinking of buying or selling, give me a call today to discuss! (386) 428-5550 or I can be reached via email at Susan@SamsulaRealEstate.com

City of Oak Hill approves Oak Hill Reserve, a proposed 106 lot subdivision

The Oak Hill commission approved a new 106 lot subdivision on Monday to be known as Oak Hill Reserve. The proposed community would be located across from the Oak Hill Flea Market. According to the News Journal, this would be the City’s first new neighborhood since 2002.

Read more at https://www.news-journalonline.com/news/20191126/oak-hill-approves-106-home-subdivision

Farmton development moving forward beginning in Edgewater

A development known as Farmton that has been in the works for a number of years is moving forward with plans starting in Edgewater off of Indian River Boulevard.

According to the Hometown News article, 880 acres will be future home to a development known as Deering Park Center with 4,692 homes, retail, public use, and a school.

Future plans also include widening Maytown Road from Osteen to I-95 as the development will eventually span from Edgewater in Volusia County to Brevard County.

Read the full article at: https://www.hometownnewsvolusia.com/news/gateway-to-farmton-ready-for-development/article_891059de-0a8f-11e8-b537-4753fc705543.html

Volusia County residents receive TRIM (Truth in Millage) notices

All Volusia County residents were mailed, and many received their TRIM (Truth in Millage) notices over the weekend. The Property Appraiser’s office has created a page explaining what the TRIM notice is comprised of, and better explains each section of this notice.

Please visit http://vcpa.vcgov.org/trimTool.html for a better explanation.

It is important to note the Property Appraiser’s office does values only. You will want to pay close attention to each taxing authorities public hearing dates and times as this is where they vote to adopt their proposed rates. What this means to you is they are voting to set the rates which can equate to increases, and sometimes decreases in your tax bill. If you disagree with the amount of your taxes, YOU MUST ATTEND these meetings and let your voice be heard!

This is also a good time to review the exemptions you are currently getting as there are a number of them… many of which can save you big bucks! Along with the homestead exemption, there are additional senior exemptions, disability exemptions, veteran and first responder exemptions, and many more!

Information on all exemptions can be viewed at http://vcpa.vcgov.org/exemptions.html.