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Daytona Beach Property Search

Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Housing Challenge or Housing Opportunity? It Depends.

Housing Challenge or Housing Opportunity? It Depends. | Simplifying The Market

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically.

There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale. Housing Challenge or Housing Opportunity? It Depends. | Simplifying The Market

The Opportunity 

This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to CoreLogic, the average home has appreciated by more than $50,000 over the past year. And for many homeowners, that’s opening new doors as they re-think their needs and use their equity to move up or downsize.

According to Dr. Frank Nothaft, Chief Economist at CoreLogic:

“The average homeowner with a mortgage has more than $200,000 in home equity as of mid-2021.”

Today, many sellers are taking advantage of low interest rates and the equity they have in their homes to make a move.

Bottom Line

The biggest challenge in real estate is the lack of homes for sale, but this challenge is also an opportunity for sellers. If you’re thinking about selling your house, let’s connect to start the process.

 

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
29 Hammock Beach Parkway Palm Coast FL 32137
New Listing - just now
0 / 0
$1,576,000
4
BEDS
4
TOTAL BATHS
4,976
SQFT
29 Hammock Beach Parkway Palm Coast, FL 32137
Single Family Residence For Sale
- Active

Coastal Luxury with Ocean Views - Welcome to 29 Hammock Beach Parkway! This stunning 4-bedroom, 3.5-bath pool home offers nearly 3,400 square feet of elegant living space in the sought-after gated community of Ocean Hammock. Designed for comfort and

Listing courtesy of Molly A Carey of RE/MAX Select Professionals
55 Plaza Drive Ormond Beach FL 32176
New Listing - 50 minutes on site
1 / 56
$695,000
4
BEDS
3
TOTAL BATHS
2,817
SQFT
55 Plaza Drive Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

Wake up to ocean breezes in this spacious 4-bed, 3-bath home with dual primary suites—one up, one down—perfect for guests or multigenerational living. Plenty of room for all with 2,817 sqft of living, an open floor plan, formal dining, and a spacious

Listing courtesy of Doug Gernert of RE/MAX Signature
50 Spring Meadows Drive Ormond Beach FL 32174
New Listing - an hour on site
1 / 26
$450,000
3
BEDS
2
TOTAL BATHS
2,551
SQFT
50 Spring Meadows Drive Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

This lovely home in the HEART of ORMOND BEACH is ready for its next family! This is a Johnson Group home, which backs up to the Preserve. House is decorated in neutral colors making it easy for the new owner to add their own touches. Centrally locat

Listing courtesy of David Glidewell of RE/MAX Signature

Check out some of these most popular home searches here at Daytona Beach Property Search

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  • Homes for sale in Port Orange along Spruce Creek Rd
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  • Homes For Sale in the Spruce Creek High School District ( TOP RATED SCHOOLS)

SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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DOWNLOAD MY LATEST REAL ESTATE GUIDES

  

Related posts:

  1. It’s Still a Sellers’ Market [INFOGRAPHIC]
  2. As Home Equity Rises, So Does Your Wealth
  3. How Low Inventory May Impact the Housing Market This Fall
  4. Opportunity in the Luxury Market This Year

Posted in: Blog, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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Latest Real Estate Information

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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