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End of 2011 Condo-Hotel Market in Daytona Beach Area

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

There are 162 condo-hotel units for sale in Daytona Beach Area. In 2009 there were 366 units, so this is a sign of a drastic reduction of inventory. However, the prices are still at their low point with prices starting from $27K in Daytona Beach Club.

There are 4 units for under $30K for sale on MLS as oPlazaf the last day of 2011. We have to be careful with number when talking about condo-hotel units. There are 13 condo-hotels in Daytona Beach area, and they are very different.

The fact that there are still condo-hotel units for under $30K does not mean that the prices did not go up in at least some of the condo-hotels. Take Plaza Resort & Spa. Their prices are dramatically up from last year. No more $30K in Plaza. You will be looking at mid $60K there today.

I will not be surprised if next spring will push the prices higher for condo-hotels. They tend to lag behind condos, and we already know that prices for residential condos on the ocean are generally up from the last year.

image of Jon Zolsky, Daytona Beach ShoresLooking to buy a decent condo-hotel unit? Call me at 386-405-4408 or shoot me an e-mail.

Comments (2)

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Jon:

Interesting stats on the market in your area. Hope you have a great weekend and a Happy New Year.

Dec 30, 2011 05:36 PM
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Jon, Happy New Year! May this year be filled with joy and prosperity.   

 


 

Happy New Year - Photo by Gary Coles - Paradise4Gringos.com

 


 

Have a Very Happy New Year!!

 

Jan 01, 2012 12:27 PM