Ormond Beach – Susan Logan, Realtor – New Smyrna Beach, Samsula homes & land for sale. Port Orange, Daytona Beach, Edgewater, Ormond

April 2021 Real Estate Market Update!

The month of April continued to be a pace setter in the New Smyrna Beach area compared to this time last year with 189 closed sales versus 95 in April of 2020. The median sale price was up 36.5% to $355,000 from $260,000 and average sale price up to $491,740 from $367,314 last year. Median time to contract last month was 20 days! Last year at this time the median time to contract was just over 2 months. Low inventory continues to make it a seller’s market with only 205 active listings in the New Smyrna Beach Board of Realtors compared to 510 last year, a 59.8% decrease. If you have been thinking of selling – now is the time!

The full report by the New Smyrna Beach Board of Realtors is available for download at:

April-2021-Monthly-Market-Detail Download

If you have been thinking of selling your home or land, or looking to buy in the New Smyrna Beach, Edgewater, Oak Hill, Osteen, Port Orange, Daytona Beach, Ormond Beach, Ponce Inlet, Debary, DeLeon Springs, Pierson, or greater Volusia County area, give me a call today to discuss! I can be reached at (386) 428-5550 or anytime via email at Susan@SamsulaRealEstate.com

January 2021 Real Estate Market Update!

As we began 2021, the real estate market continued showing increases. According to the January 2021 Monthly Market Detail Report released by the New Smyrna Beach Board of Realtors on February 19, 2021, the average sale price during the month of January was $401,015, up from January 2020 when the average sale price was $348,754, a 15% increase. The median sale price was $289,950, up 11.8% from January of 2020.

The full report by the New Smyrna Beach Board of Realtors is available for download at:

Monthly-Market-Detail-January-2021 Download

If you have been thinking of selling your home or land, or looking to buy in the Volusia County area, give me a call today to discuss! I can be reached at (386) 428-5550 or anytime via email at Susan@SamsulaRealEstate.com

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.

Developer Geosam Capital planning large development on State Road 44

When someone mentions new development in New Smyrna Beach, you hear two arguments for AND against… But it will bring new jobs is what they say and that is the top positive in many minds. On the opposite end of the spectrum are those New Smyrna Beach residents who have watched their City expand with new development – a new Walmart here, car dealership there, hotel and condos lining the beachside area, etc. The once quaint beach town now has the look of a future Dunlawton Blvd in Port Orange or Granada Blvd in Ormond Beach.

Real estate developer Geosam Capital is proposing just that – more development: both residential and commercial. According to the Hometown News article from Friday, January 13, 2017, the “shopping center planned for the intersection of State Road 44 and Interstate 95 could rival the size of the recently opened Tanger Factory Outlet Center in Daytona Beach.”