2-bdr/2-bath condos in Daytona Beach Shores

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

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

Comments (6)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jon. The people escaping failing cities like New York and Chicago are increasing as work from home becomes standard practice. Enjoy the influx and get your share. 

Nov 02, 2020 05:02 AM
ba`B Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Daytona Beach Shore condos have much to offer and with all the pending and sold listing now is the time for buyers to take advantage of the few active listings on the market. Great market report thanks for sharing.

Nov 02, 2020 05:04 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

This sounds like a great community. I remember years ago drivin a big old Lincoln on Daytona Beach 

Nov 02, 2020 05:08 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Wayne,

Excellent point about working from home. Thank you.

Nov 02, 2020 11:16 PM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Jon, our market is booming as well. Glad you are doing well my friend. Be safe!

Nov 03, 2020 11:27 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Mike, glad to see you here.

Nov 04, 2020 05:43 AM

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