2-bdr condos in Daytona Beach Shores
Active
In this post we would look at 2-bdr/2-bath condos in Daytona Beach Shores.
42 condos for sale marked Active in MLS total.
Prices start from $208K for a condo in Ocean Terrace Club (Across the street from the ocean) to $460K for a gorgeous 2,097 sf river view unit in oceanfront Ocean Vistas.
While there is currently nothing for less than $200K, there are 23 2 bdr/2 baths condo priced between $208K and $300K.
There are 13 condo units priced between $300K and $400K.
6 condos are 400K and over.
Pending
9 units are currently Pending in MLS. Asking prices are from $195K to $399K. Of course, selling prices could differ, but we will not know until they are closed and reported to MLS within 2 days of the Closing date.
Active Contingent
12 units are classified as Active Contingent, which usually means that a potential condo buyer has made an offer on the condo unit with contingencies and is accepting back up offers.
Contingent
10 units are contingent.
Total inventory in this category is 73 units, however, 31 of them are under contract and closing for the most part in 2020.
Sold 2-bdr/2 bath condos in Daytona Beach
170 units changed hands since January 1, 2020. Prices from $145K in SunGlow to $700K for a penthouse in Ocean Villas.
In 2019 in 10 months 131 condo units changed hands, and in 2019 – 155 units, but currently we have 31 condo unit under contract and majority of them will close before the end of the year, so this year is much more active than 2019, and should end up with a very significant increase in the number of completed sales, which can total about 200 units. The increase of nearly ¼ compared to 2019.
If you look at 2018, you see 173 completed sales. This is more than in 2019, but still significantly less than this year.
Summary
What lies behind the increase? Why do we have the increase?
Seems like the answer is: Covid-19.
As a result, we see the influx of buyers from up north buying land, houses and condos at an accelerated pace. This will allow them to send their older parents to Florida and can send a child to them rather than lock them in an apartment in New York or Chicago, or other big cities.
At least for now I do not see a better explanation.
This is part of local market reports. See the first report of the market in general here.
Call me at 386-270-8711 or email to hello@DaytonaCondoRealty.com if you have questions.
First published on my website October 31, 2020
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