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This is now a daily occurrence. I get e-mails or calls from people who are interested in Plaza Resort and Spa, a premier Daytona Beachcondo-hotel. They are asking how to buy a unit in Plaza Resort & Spa in Daytona Beach. Lets start talking about values.
Prices start from high $40s, nice 4-star resort, and with prices like these it beats any other condo-hotel in the area.
The problem is that my callers think that these prices are the market values in Plaza, and nearly everyone thinks that in this market they can get things for half of the price.
Pennies on $
Well, market values in Plaza Resort & Spa are NOT in the $40s and $50s. They are 3 times higher. Average price for the unit in Plaza Resort & Spa including all these cheap units is still $165,210.10. And this $165,210.10 is half price from what it was in February of 2006, when units were sold by the developer. So, if you are looking to buy for 40-50 cents on a dollar, it will be 40%-50% from $165210.10.
Not $48,900, not 49,900, not $54,900. Why then it is a surprise that there are offers already on those units and often more than one offer for a unit?
Look at the table with the list of 20 least expensive units. Blue lines show the units that my clients have put offers on. Some accepted, some still waiting, but these are only my clients. I am not the only one selling in Plaza Resort & Spa in Daytona Beach .
9 out of 20 least expensive units are my clients’ units. Well, we sell more than anybody else there now, maybe more than all others combined, but still we are not the only one.
And the way we get so many units is because our clients either acted within the first few hours after the listing pops up on MLS, or they authorized me to present offers on their behalf. Timing is crucial when buying in Plaza Resort & Spa.
Not that the real estate market in Daytona Beach is hot, not that the condo-hotel market in Daytona Beach area is hot, it is not, but Plaza Resort & Spa is a small island of hot-hot market.
Why? The answer is simple. Look at the table. You can buy units here from 16.24 cents on a dollar to 39 cents on a dollar. None other condo-hotels offer that much value.
For the last month or two, the prices have changed from the mid- to high $30s to $50s. And when the market is hot, who moves fast he gets the prize.
Now, that you know the values, and if you want to get a unit in Plaza Resort & Spa, do not sit and research and think. Procrastinating may cost money.
For the update on Plaza Resort & Spa or questions call Jon Zolsky.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.