Thursday, April 30, 2009

Good News on National Real Estate Prices

Prices of single-family homes in 20 U.S. metropolitan areas in February were down 18.6 percent from a year earlier, and the fact that the rate of decline slowed signaled some hope for the housing market, reported Tuesday by the Florida Assn. of Realtors.

In 15 markets, annual declines were in excess of 10 percent and average home prices nationwide hit 2003 levels, according to the Standard & Poor’s/Case-Shiller index.Yet the drop in the 20-city index was less than the 19 percent year-over-year decline in January. Also, it was the first time in 16 months that annual declines didn’t set records.

The National Association of Realtors said last week that home prices rose more than normal from February to March and that the market may be stabilizing.

Our Daytona Beach real estate market is still experiencing a glut of inventory of foreclosed homes, which will keep prices down until they have been absorbed into the market.

A new plan announced by the administration will help even more borrowers. The new plan may reduce payments for up to 1.5 million at-risk homeowners, as the government taps a $50 billion housing fund, to entice mortgage servicers to modify second mortgages and cut monthly payments for borrowers.

According to our Realtor Association, "Half the troubled mortgages have second loans, given by lenders to help buyers avoid mortgage insurance and reduce their down payments. The second loans make it harder to modify first loans, because more parties are involved, and the home may still be unaffordable even if a first loan is changed, the administration says."

Daytona Beach sellers are certainly dealing with troubled times, but Daytona Beach buyers have a great opportunity. Contact me for details.

Sherry Armstrong, Realtor
www.daytonabeachflhome.com
www.sherryarmstrong.com
sherry@sherryarmstrong.com
386-679-3191

Tuesday, April 28, 2009

Daytona Beach to get Skate Park

In a few months, a new skate park in Daytona should be open for use. Groundbreaking is scheduled for Thursday in Bethune Point Park, and construction should wrap up by the middle or end of this summer, said Percy Williamson, the city's leisure services director.

Skateboarders, BMX bikers and in-line skaters of all skill levels will be welcome at the roughly 30,000-square-foot skate park on East Bellevue Avenue, Williamson said. Street scenes, ramps and a bowl will be some of the features at the park. There will be no charge to skaters and bikers.

The $800,000 park is being funded by a $400,000 Volusia County ECHO grant and another $400,000 in leisure services impact fees.


Bethune Point Park is on the inland waterway half way between Daytona and Daytona Beach Shores.


Curious to see what real estate is around the park? The widget below is set for 3 miles from Bethune Point Park, single family homes, in zip code 32114. Contact me if you see a home you'd like to preview.

Sherry Armstrong, Realtor
sherry@sherryarmstrong.com
www.daytonabeachflhome.com
386-679-3191

Friday, April 24, 2009

Daytona Beach Real Estate Sees Rise in March

As reported by the RealEstate Channel, "Florida's existing home sales increased in March, making it the seventh month in a row that sales activity demonstrated gains in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR). March's statewide sales also increased over the previous month's sales level in both the existing home and existing condo markets.

"Florida Realtors also reported a 25 percent rise in statewide sales of existing condominiums in March, continuing a trend in recent months for higher statewide sales of both the existing home and existing condo markets compared to year-ago levels. Statewide existing condo sales last month increased 37.2 percent over the total units sold in February.

"Interest rates for a 30-year fixed-rate mortgage averaged 5 percent last month, down significantly from the average rate of 5.97 percent in March 2008, according to Freddie Mac. FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written. "

For Daytona Beach, 577 sales closed, up from 486 in March, 2008, a 19% gain. Sales of condos rose to 104 from 71, a 46% increase.

This is great news for sellers and buyers of Daytona Beach real estate.

Sherry Armstrong, Realtor
http://www.daytonabeachflhome.com/
http://www.sherryarmstrong.com/
sherry@sherryarmstrong.com
386-679-3191

Read the full report at RealEstate Channel.

Thursday, April 23, 2009

Your Finances can be Green Too in Daytona Beach

The celebration of Earth Day yesterday made me think through all the ways we, in our own lives, can help the environment and be greener, and here are some small ways we can make changes to become more earth-friendly.

1. Donate your time or money to Green causes: buy from green-friendly stores, like Ben & Jerry's or Patagonia, that give part of their sales to earth-friendly causes, buy gifts from companies that use organic products such as coffee or chocolate, or volunteer in your neighborhood or the greater Daytona Beach area to save plants or beach habitat.

2. If you are fortunate to still have enough money left over to invest, consider the many Green mutual funds available. As reported in RisMedia, "The GreenMoney Journal recently released its new Top 10 list of mutual funds that invest in companies devoted to alternative energy, clean water, organic products and those that avoid alcohol, tobacco, gambling or weapons. The annual list is a mix of new funds and those that have changed or enhanced their investment mix to be more environmentally conscious, said Cliff Feigenbaum, founder and president of the Green Money Journal, based in Santa Fe, N.M. 'The funds represent different ways people can align their money with their values,' said Feigenbaum, who has published the journal since 1992. 'Our goal is to make money and make a difference.'”

3. In your personal finances, use estatements, ebanking, ebilling, PayPal - there are many options. PayItGreen is a coalition of financial services companies that promotes electronic billing. According to the coalition, if the average U.S. household switched to electronic payments, it would annually:
-Save 6.6 pounds of paper.-Save 0.079 trees.
-Eliminate 4.5 gallons of gasoline (consumed by mailing and delivering all those paper payments).
-Prevent 63 gallons of wastewater released.
-Eliminate 171 pounds of greenhouse gas emissions (the equivalent of 169 miles of driving or conserving 24 square feet of forestland).

4. Have plastic cards around the house unused or out of date (those gift cards, phone cards, etc. you never used)? Mail to Earthworks System in Solon, Ohio. The company "gathers up millions of pounds a year of scrap PVC card plastic and reprocesses it into '100 percent recycled sheets' that are sold back to credit card manufacturers. Most of the material comes from 'skeletons, overruns and obsolete' stock left over from plastic card manufacturers. Other contributors are retailers like Rite-Aid, GAP, Applebee’s and Whole Foods, as well as movie theaters, hotel chains, even universities that ship him leftover student IDs."

This is just a short list - watch your habits for a day or two, and you'll see many ways you can become more earth-friendly.

As Relocation Expert for Daytona Beach, I help folks moving here become aware of our resources and the beauty of our area. We all need to help keep it a great place to live by doing our share to protect and value our Daytona Beach real estate.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
http://www.sherryarmstrong.com/

Tuesday, April 21, 2009

New Park Proposed for Daytona Beach

Daytona Beach city commissioners have voted to purchase a vacant piece of land along the eastern bank of the Halifax River and create a park. They would write a grant proposal for more than half of the $2.7million asking price.

The city is working with The Trust for Public Land on the grant and the purchase of the land located just south of Main Street at 42 S. Halifax Ave. The plan is for the trust to buy the 1.58-acre parcel, and then the city would buy the land from the trust. Currently, the Trust already is under contract to purchase the land.

According to News-Journal Online, the city may consider adding a boat dock. "Commissioner Shiela McKay-Vaughan said the park would be 'a good kick-start for the area' and improve property values, and Commissioner Pam Woods said it could become an important tourist attraction."

Daytona Beach real estate has been hard hit by the economic downturn, but it's a Buyer's Market. Contact me for ideas on how and where to buy in areas that have the best future appreciation potential.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.daytonabeachflhome.com
www.sherryarmstrong.com

Friday, April 17, 2009

How to Sell a Vacant House - not just in Daytona Beach

Everyone's writing about Daytona Beach foreclosures and short sales, and how tough they are for sellers to market and buyers to get offers accepted. This type of market is going to be with us for awhile, until the inventory of "distressed properties" is absorbed by the buyers.

If you are an investor, and bought that Daytona property to rent but it is now vacant, or if you are a seller who had to move, here are a few tips to market the Daytona Beach home for a better price.

1. Make the property looked lived-in: park a car in the driveway (don't block access to the front door), have someone open and close the drapes, clean the cobwebs away from the front entry, take in mail and old yellow newspapers.
2. Remember - there is only one chance to make a first impression. Keep the yard and exterior looking inviting, even if it just means mowing the grass.
3. If missing furniture exposes holes where pictures were hung, spots that need paint - then paint. It's worth the money! Use rugs to cover floor problems.
4. Leave some furniture, even if just an end table and lamp, a few colorful towels, a bed - these give buyers a sense of space. But it is better to leave nothing, than to leave old broken down furniture if that is all you have.
5. Keep the utilities on. If you can't pay for them, list your house with a realtor who will negotiate with your lender about the utilities. Previewing a house on a rainy dark day or in the evening without lights won't get you an offer.
6. Keep the house clean. If you can't do it, hire someone to help. Again, your price will only come down if the property is dirty and buyers feel it's a distress situation.
7. The lender will require you keep your homeowner's insurance policy in force. Check with the company so you know how you are protected with a vacant property.

These are just some basic ideas. Contact me to discuss your individual situation - don't get to foreclosure - there are options! I've handled many short sales for buyers and sellers, and just finished the course to become a Certified Distressed Property Expert. I can help!

Sherry Armstrong, Realtor
http://www.sherryarmstrong.com/
sherry@sherryarmstrong.com
http://www.daytonabeachflhome.com/
386-679-3191

Thursday, April 16, 2009

Bike Week, Spring Break, and now Hypnosis Week in Daytona Beach

Hypno-Expo will be held Memorial Day weekend at the Daytona Beach Hilton, May 20-26. This year's event highlights lectures, workshops and courses from every aspect of the educational spectrum, collectively offering over 115 choices in hypnosis, hypnotherapy, NLP, scientific research, business practices, legal issues and marketing strategies for hypnotists, hypnotherapists and complementary healthcare professionals.

The expert faculty will speak on subjects that include adult education, alcoholism, anchoring, birthing, body language, clinical interviews, coaching, codependency, infertility, marketing, medical hypnosis, sexuality, smoking, spirituality, sports and practice building. International educators from Canada, Taiwan, Singapore and the United Kingdom round out the eclectic and diverse faculty of speakers. Several best selling authors are participating in the event.

If you are interested in attending the 3rd Hypno-Expo, registration information can be viewed or downloaded at www.imdha.com or www.iact.org. Call 570.869.1021 to request a catalog.

It's all part of our great Daytona Beach lifestyle!

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.sherryarmstrong.com

(source: PR Web)

Monday, April 13, 2009

Daytona Beach International Festival

Thursday starts the Daytona Beach International Festival, which runs through May 2. More than a dozen artists and music groups will present nearly 100 performances in various area venues.

Read the full schedule of events at the News-Journal Online. Here's a sampling:

Lalo Schifrin with the London Symphony. April 30, Peabody Auditorium.

Jazz trumpeter Chris Botti playing Miles Davis, digital duo with Dean Martin, and pop. April 16, Peabody Auditorium.

Tiempo Libre, a Miami band composed of Cuban immigrants, playing Latin sounds. April 23, Athens Theatre, April 24, Plaza Resort & spa.

London Symphony, "Firebird Suite" and "Carmina Burana." May 2, Peabody Auditorium.

Giant puppets in a stage production of "Hansel and Gretel" by the troupe Theatre Sans Fil. April 25-26, News-Journal Center.

Mozart's Letters - a Musica Voyage by chamber quartet of London Symphony musicians on flute, violin, viola, and cello. April 28, Athens Theatre.

There's so much - read the full schedule on News-Journal and plan to attend something, anything - enjoy the arts in Daytona and these great talents offered to us in our home town.

This is our life here in Daytona Beach - come join us.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.daytonabeachflhome.com
www.sherryarmstrong.com

Thursday, April 9, 2009

News from Embry Riddle

Embry-Riddle Aeronautical University has become the first university in the U.S to establish a simulation laboratory to train pilots for the onset of altitude sickness.

Long the leader in aviation safety and training, Embry-Riddle expects to train up to 500 flight students per year in the lab, which will accommodate 8-10 students per training session.

According to BizJournals, The U.S. National Transportation Safety Board has documented 40 aircraft accidents related to altitude sickness, known as hypoxia, between 1965 and 1990. The condition was believed responsible for a Greek Helios Airways crash that killed 121 people in 2005 and a crash that killed golfer Payne Stewart and five others aboard a Learjet in 1999.

Embry-Riddle specializes in aviation and aerospace and offers more than 30 degree programs to more than 34,000 students annually at its campus in Prescott, Ariz., and Daytona Beach.

Embry-Riddle Aeronautical University
600 S. Clyde Morris Boulevard
Daytona Beach, FL 32114-3966
(386) 226-6910
www.embryriddle.edu

Embry-Riddle is just one one many ways our Daytona Beach area looks to the future. Become a part of our life.

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.sherryarmstrong.com

Easter at Volusia Speedway Park

Here Comes Peter Cottontail this Saturday at Volusia Speedway Park as the Easter Bunny brings an Easter Egg Hunt with candy and special surprises to the fans. All kids are invited to bring their Easter Baskets and have a blast at the Easter Egg hunt which will start at 7 pm.

After the special visit by the Easter Bunny, fans will be entertained by the Taylor Racing Products Sportsman, Budweiser Modifieds, UMP DIRTcar Street Stocks, Thunder Stocks and the Aero-tec Aluminum 4-Cyl Challengers. Late Models will have the night off.

Pit gate will open at 4:30 this Saturday with the grandstand gates opening at 5:30 pm. Regular adult admission is only $10.00 with students 11-15 $5.00. Kids 10 and under are free and drive-in parking is only $10.00 per car.

Volusia Speedway Park is located 15 miles west of Ormond Beach, FL on State Road 40. Additional information available at www.volusiaspeedwaypark.com or you may call 386-985-4402.

Information courtesy of WhoWon.com.

Have fun and Happy Easter!

Sherry Armstrong, Realtor
386-679-3191
sherry@sherryarmstrong.com
www.daytonabeachflhome.com

Saturday, April 4, 2009

Solar Power Coming to Volusia County Schools

Florida Power & Light Co. (FPL) will install power arrays at six schools in its service territory to help teach future generations about the benefits of renewable energy. Each school receiving a Next Generation Solar Education Station will be able to generate emissions-free electricity and provide students with a hands-on tool to learn how solar power works. The school chosen in Volusia County is Hinson Middle School, Daytona Beach.

Each FPL Next Generation Solar Education Station will provide 5 kW of solar electricity. The solar installations will save the schools about $800 each year in electricity costs, while giving teachers a way to focus science education on essential energy technologies of the future.

To learn more about our solar resources, visit SolarIndustryMagazine.

The sun is one of our most attractive reasons for living in Daytona Beach. Let's help green our economy by learning more about using solar resources in our own lives.

Sherry Armstrong, Realtor
www.sherryarmstrong.com
sherry@sherryarmstrong.com
386-679-3191
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Wednesday, April 1, 2009

Daytona Beach Community Development

Improvements planned by the Community Development Agency of Daytona Beach will slow but not stop due to the current economic situation, as reported in the annual report Tuesday . In the 2005-2006 budget, Volusia County approved the Community Development District, for $67.6 million in a 15-year time frame.

Assistant City Manager Jim McCroskey said, "At the end of the fiscal year 2008, the CRA had produced a total of $4.6 million. The city has approved $17 million in improvements for the CRA through bonds and a loan." Projects include 308 off-beach parking spaces, replacement and burying of overhead utilities, with street lights and banners, signs, and new benches and sidewalks.

3 sites within the district have been purchased for open space parks, and 2 already dedicated: Seaspray Park and Beachcomber Park, both on S. Atlantic Avenue. The third, still in planning, may be the Shores City Center.

Daytona Beach continues to improve its facilities for residents and quality of life. For real estate opportunities and potential, let's discuss Daytona Beach.

Sherry Armstrong, Realtor
sherry@sherryarmstrong.com
www.daytonabeachflhome.com
386-679-3191