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Inventory Challenges in Florida and What It Means for You

07/23/2024

Recent news stories highlight how the country’s housing market is currently grappling with a persistent inventory crunch, making it challenging for buyers to find their dream homes. Florida is not immune to the problem, with demand outpacing supply and prices soaring throughout the state. Prospective homeowners are being priced out of the market and engaging in fierce bidding wars.

The Volusia County real estate market, however, bucks this trend due, in part, to the number of new developments either getting started or already in progress. Thanks to this surge in new residential communities, buyers in the region have more options, with an increased inventory helping them find their perfect home without the intense competition seen elsewhere. Sellers also benefit, as they’re able to capitalize on many buyers’ desire for a relaxed lifestyle.

As Central Florida’s leading real estate brokerage, Bee Realty Corp can help buyers and sellers alike navigate the local real estate landscape with confidence, providing expert guidance and personalized service that’s second to none.

Looking to Buy a Newly Constructed Home?

Volusia County’s burgeoning developments offer a lot of advantages to prospective home buyers interested in a new construction property:

  • Unlike the challenges associated with older homes, such as the need for immediate renovations, hidden defects, or outdated systems, new builds offer a clean slate, free from the stress and uncertainty that often accompany previously owned properties.
  • Newly constructed homes undergo meticulous inspections at every stage of the building process, ensuring they meet the highest quality and safety standards.
  • Homes in planned communities are designed with modern living in mind, incorporating the latest energy-efficient technologies, open-concept layouts, and high-end finishes that cater to contemporary lifestyles.

Planned communities are thoughtfully designed to foster neighborly bonds, with amenities like parks, recreational facilities, and even retail centers within easy walking distance. This emphasis on walkability and convenience promotes a healthier lifestyle and creates opportunities for residents to forge lasting connections. Young professionals, growing families, and empty nesters can all benefit from the low-maintenance lifestyle that the new Volusia County housing developments provide.

Another plus? You can expect minimal maintenance and repairs for years to come, allowing you to focus on creating good times and cherished memories rather than worrying about costly renovations.

Why Now Is a Great Time to Sell Your Volusia County Home

While planned communities offer some challenges for DeLand area homeowners looking to put their existing properties on the market, sellers can position their homes as compelling alternatives to these new construction projects taking a strategic approach to the selling process.

A fundamental advantage existing homes offer is their established sense of community and neighborhood character. Unlike the cookie-cutter aesthetics of some new developments, older neighborhoods often boast unique architectural styles, mature landscaping, and a distinct charm that can’t be easily replicated right away. There are plenty of buyers who want a home with personality and a connection to the area’s rich history, so an existing property can be an attractive proposition.

A seasoned broker can help savvy sellers by suggesting proactive steps they can take to enhance their home’s marketability and perceived value. For instance, you can:

  • Invest in targeted renovations, such as updating the kitchen or bathrooms, which can go a long way in capturing the attention of prospective buyers drawn to new construction’s turnkey appeal.
  • Address deferred maintenance issues and ensure major systems like HVAC, plumbing, and electrical are in good working order, which can alleviate concerns buyers might have about inheriting costly repairs.

Another attractive selling point for existing homes is their immediate availability. Whereas new construction can take months or even years to complete, existing properties offer the convenience of a move-in-ready solution for buyers working on a tight timeline or who are unable or unwilling to wait for their dream home to be built.

Volusia County Real Estate Market Picks up the Pace

While the overall housing market has a ways to go before overcoming 2023’s slowdown, Volusia County remains a viable option for buyers and sellers alike.

Bee Realty Corp REALTORS® have years of expertise in highlighting a neighborhood’s unique character, showcasing recent updates or renovations, and emphasizing the convenience of an immediate move-in. With a strategic approach and a keen understanding of your priorities, we can identify the perfect property for your needs.

For buyers wanting to purchase a home in a newly developed community, we provide expert guidance on the best options that match their lifestyle and budget. For existing homeowners, we can position their property as a compelling alternative that offers personality, history, and a true sense of belonging in the community, ensuring their Volusia County home effectively competes with the allure of new developments.

When it comes to selling or buying a DeLand area home, there is one brokerage you can consistently trust to be there for all your Volusia County real estate needs. The Bee Realty Corp team provides superior customer service that ensures a smooth transition to your new home.

Ready to learn more? Have more questions on housing inventory challenges in Central Florida? Contact us online or call us at 386-279-7522.

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Whether you’re buying your dream home, selling an older home, or investing in your future, now is the time to make a move.

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