My Fairway Estates News

Ed Savard, Realtor Sponsor & Fairway Estates Resident

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Short Sales
Market Watch Letter
Market Watch




July, 2013

Dear Fairway Estates Neighbors,

Enclosed is my "Market Watch Report" for Fairway Estates for the 2nd Quarter of 2013. On the reverse side of the Market Watch Report I've provided additional information on the homes sold in Fairway Estates including year built, living area and selling price per square foot. I hope you find this additional information useful.

There was a substantial decrease in the average sales price in the 2nd Quarter of 2013 compared to the same period in 2012. Average sales price of $101,262 in 2012 decreased to $68,900 in 2013. Three of the five homes sold in the 2nd Quarter of 2013 were REO properties (bank homes seized through foreclosure), one was a Short Sale (where more is owed on the house than it's worth and sale must be approved by the bank holding the mortgage) and just one NON DISTRESS or traditional sale. The one traditional sale was the highest selling price in the second Quarter ($93,000) and the highest selling price per square foot of $77.11. Yes, this home was listed by Ed Savard.

The number of single family homes sold in the Greater Daytona Beach area in the 2nd quarter of 2013 increased 51.20% over 2012 with an increase of 11.61% in the average selling price.

If you or anyone you know is having difficulty paying a mortgage due to a drop or reduction in income, a mortgage interest rate increase or some other hardship there are options rather than face a foreclosure. Your lender may allow a “short sale” rather than force you into a foreclosure. During the short sale process you can stay in your home (even if you can't make the mortgage payment). Often the bank may give you money to help you relocate when the home is sold. Be wary of anyone who tells you they can save you from foreclosure and then asks you for money up front. If you have any questions on how a short sale can benefit you please call me for a FREE, confidential, no obligation appointment.

Of course when it comes to your Fairway Estates home, no one continues to sell more homes for more money (and in less time) than I do. When you're selling your home don't risk your equity with an agent without a PROVEN track record of success??? Call me, Ed Savard…'ll be glad you did!

If you would like to know more about my industry leading TEAM approach to selling and buying homes, please call me for a no-obligation, no stress meeting. You can reach me at (386) 334-2587. I promise to answer all your questions. Thanks for your time.


Ed Savard, Your Fairway Estates resident Realtor.

"Your Home SOLD Or I Buy It For Cash!"

PS: Although I specialize in Fairway Estates I can help anyone from Ormond Beach to Port Orange, including Ponce Inlet and

on the Peninsula buy or sell a home.

I appreciate your referrals!!!!


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*Disclaimer - This website is in no way affiliated  with the Fairway Estates Homeowners Association, its purpose is to provide a free informational website for the residents of  Fairway Estates. Information is believed to be accurate but not warranted to be so.