Condo-hotel market, like the rest of real estate in Daytona Beach area, is in slow mode now. It is a seasonal change, happens every year. After Labor Day things start moving slower, inventory is increasing and even more is yet to come on the market before it starts warming up again in March, like it was happening for the last two years.
The pace of supply has not really changed, but slower sales cause the growth of inventory. It affects the prices, Not that they are falling; they are slowing the growth and getting flat.
It is quiet in Daytona, but it is deceptive. It is the time, when a lot is going on on the drawing boards. Announcements of two large-scale projects by NASCAR, Hard Rock Hotel and Hard Rock Cafe coming to the beach put all of us on notice. Times have changed. Cranes will soon follow, and 2016 is going to be a turning point in Daytona's history.
For more about condo-hotels in Daytona Beach area follow this link
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