It is August, the hottest month in Daytona. Not that July is any cooler, and not that coming September is going to be any cooler, at least until the 30th of September… And no, I am not complaining. Looks like the majority of the country has or had much hotter time…
Surprisingly, we experience what the lifeguard called “upwelling” and the water on Sunday was only 76F, cooler than what we had in May. By tis time we should be firmly in the 80s, but it is the Ocean and it is always full of surprises.
241 condo units for sale in Daytona Beach Shores altogether, starting from $65K for a small (734) 2-bdr unit in Grandview to $999K for an oceanfront 4-bdr penthouse in Opus. 194 are either oceanfront or ocean view.
The inventory is down dramatically. Especially if you consider 51 “contingent” or “pending” sales. They are not part of 241, these are condo units, which are under contract and are going to be closed in the near future. This number is the best indication of an active condo market in the area.
The other indication is the number of units sold in Daytona Beach Shores in 2012: 125 from $80K to $280K.
For the same period of last year, from January to August 20 2011, there were 80 units sold. Increase in sales of more than 50%. Of course, it is no surprise that lower inventory and brisk sales start shifting prices upwards.
Like the view in this photo taken yesterday on the Beach in Daytona Beach Shores? The condo units are still surprisingly affordable in these oceanfront buildings. Actually for only 1/3 of their price at the peak of the market just a few years ago. From high $400s they are now in mid to high $100s. But already more than what they were a year or two ago...
Call me 386-405-4408 with questions. Follow the link to search condos in Daytona Beach Shores.
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