Daytona Beach Real Estate Blog: New Smyrna Beach FL Real Estate Sales: 2007 Year in Review

Selling houses, land, condos, townhouses, and more in Daytona Beach, South Daytona, Port Orange, Ponce Inlet, Daytona Beach Shores, New Smyrna Beach, Ormond Beach, Wilbur by the Sea, Ormond by the Sea and other towns in east Volusia County. To buy or sell real estate in the Daytona Beach area, make a Smart Choice and call Lisa Hill today.

New Smyrna Beach FL Real Estate Sales: 2007 Year in Review

New Smyrna Beach
Over the past few weeks I've been covering the 2007 real estate sales for the Daytona Beach area. You can read those posts here...

  1. Daytona Beach
  2. Daytona Beach Shores
  3. Port Orange
  4. Ormond Beach
  5. Ormond by the Sea
  6. Ponce Inlet
  7. South Daytona
  8. Holly Hill
  9. Wilbur by the Sea

Now immediately to the south of the Daytona Beach area... more precisely, just south of Port Orange, is New Smyrna Beach. One unique factor about New Smyrna Beach is it's proximity to Orlando. Many people who work and live in Orlando own second homes in New Smyrna Beach. That has long been one of the big forces that drive the New Smyrna Beach real estate market. 

While the Daytona Beach area relies on tourists and seasonal residents from out-of-state, New Smyrna Beach, even though it's only 20 miles to the south, has different real estate trends due to it's many buyers coming from just an hour away. If you look at the charts you'll find on each of the other city links and compare them to the New Smyrna Beach chart, these differences will be significantly noticeable.

New Smyrna Beach real estate sales

 

As this chart shows, New Smyrna Beach didn't have the extremely high peaks that all the other local cities had. Instead, it shows the sales following the national, overall economic trends.

For more information about the city of New Smyrna Beach, read these blogs I've posted in the past.

If you're considering buying or selling real estate in New Smyrna Beach, make a Smart Choice and contact Lisa Hill.

Lisa Hill

Adams Cameron Realtors

2 comments • Lisa Hill (Daytona Beach Real Estate) • January 30 2008 10:46PM

Comments

Hopefully they will level off now. Like all your other charts the drop from 2005 is tremendous!
Posted by Gary L Waters PLLC-Realtor Viera Suntree Melbourne Rockledge Brevard County FL (Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge) over 2 years ago
Gary- The drop is definitely evident. But unlike the other ones, New Smyrna was fairly steady for all the previous years. The drop didn't happen until the entire nation started cutting back on their spending. And with most of the New Smyrna sales being 2nd homes, it would make sense to see a significant drop when people started cutting back to just the necessities.
Posted by Lisa Hill (Daytona Beach Real Estate) (Florida Property Experts) over 2 years ago

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