Daytona Condos. Market Snapshot. End of 2018

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

Daytona Condos in 2018

There are 543 condos for sale in Daytona Beach Area, which includes Daytona Beach, Daytona Beach Shores, Ormond Beach, Ponce Inlet, South Daytona, Holly Hill, and Port Orange.

This is the peak of the slow season, so no wonder prices start from $45K (3 condos for less than $45K), and all the way to $1,299,000.

In the preceding 12 months, 1,122 condos were sold in Daytona Beach area. Prices started from $38,000 (only one for under $40K), 6 units were sold for less than $50K.

It is nearly the same as in 2017 (1,113), and close to what was sold in 2016 – 1,073.

Daytona Beach’s share of sale in 2018 was 307 condos. 306 condos were sold in Daytona Beach Shores. 210 in Ormond Beach, 138 in Ponce Inlet…

Are we in a stagnant market? Who knows. At least it feels this way.

Yes, there are some good signs. In 2018 we enjoyed the view of construction cranes. Three new condos are at different stage of construction. The first three after 2007.

Commercial construction is more active. On Atlantic Ave., we now have the Hard Rock Hotel. In the heart of the Beachside, we are watching the 27-story hotel tower coming taller and taller just next to the Plaza Resort, and Protogroups second Tower starts coming up from the ground.

One Daytona, the brainchild of International Speedway Corporation, is booming. New leases, new entertainment, restaurants, hotels are coming one after another.

Daytona is changing… yeah, but could it go a little faster, please?

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Rainmaker
1,135,084
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

I wish the changes would come a little faster too. It’s nice to see our area changing and growing.  I’m looking forward to a very successful year ahead and wishing you the same! 

Jan 15, 2019 08:02 AM #1
Rainmaker
1,582,386
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Hard to beat insight from a local expert. Thank you for sharing and best of luck!

Jan 15, 2019 08:17 AM #2
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Joyce Marsh, Daytona Ormond Beach Florida - I am thrilled to see the construction cranes again. But it is such a slow revival... :)

Jan 15, 2019 08:38 AM #3
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Jeremy K. Frost - Thank you for the compliment.

Jan 15, 2019 08:38 AM #4
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It seems your market has reasonable pricing. We own condos in Jupiter and the market here is much higher priced. If I was in daytona i would take advantage right now.

 

Jan 16, 2019 03:36 PM #5
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Joe Pryor - I could never figure why Daytona is the least expensive on the Atlantic seaboard from Canada to Miami. But it is. Go figure...

Jan 18, 2019 08:31 PM #6
Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties sold.

Jan 19, 2019 02:37 PM #7
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