Daytona Beach Shores. Summer And The Beach.

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

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.

 

daytona beach shores. August 2012

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...

 

image of Jon Zolsky, Daytona Beach Shores

Call me 386-405-4408 with questions. Follow the link to search condos in Daytona Beach Shores

 

 

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Topic:
Real Estate General Information
Location:
Florida Volusia County Daytona Beach Shores
Groups:
Condos, What you need to know?
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Realtors®
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Condo Specialists
Tags:
daytona oceanfront condos
daytona beach shores condos
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Melissa Zavala
Broker, Escondido Real Estate, San Diego County
Broadpoint Properties

Even though it is warm in San Diego, our water temperature is only like 70 degrees. 

August 20, 2012 07:57 AM
Rainer
122,439
Emily Read
Solterra Developments Ltd.

That looks amazing... 194 out of 241 have views or are oceanfront? Sounds like some deals there indeed! Thanks for sharing Jon!

August 20, 2012 09:23 AM
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William Johnson
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
RE/MAX Associates
Hi Jon, Excellent market rpeort and for sure it is a great time to buy that vacation home in Daytona. The bargins are plentiful but will disappoear quickly once people realize that we are truly in the beginning stages of housing recovery. I still believe we are in economic crisis and that will ease some once the housing recovery catches hold for a sustainable period.
August 20, 2012 07:21 PM
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Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

charles - I checked traffic and these blogs get a lot of views. Sometimes the phone rings more than once a day from these blogs, sometimes it is a dry spell...

August 20, 2012 07:52 PM
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Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Melissa - We are spoiled and wouldn't enter if it is less than 80F. 70 F is too cold.

August 20, 2012 07:55 PM
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Jon Zolsky

Selling Daytona paradise for heavenly good prices
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