DAYTONA BEACH ~ Updated 10-1-2017
Home of the "Most Famous Beach In The World" not to mention the Daytona International Speedway.The Daytona 500 is one of the most saluted races of the season. In addition to this Daytona has numerous events throughout the year and exciting entertainment any time of the year.
Home wise what does Daytona Beach have to offer?
A great location on the eastern seaboard with good weather year round. Anyone can live in Daytona. The Daytona Beach and Waterfront Homes are affordable and that is one of the reasons Daytona has shown consistent appreciation for the last four years.
As of September 1, 2017:
Daytona Beach Shores Average Sale Price for August 31, 2017 is $283,865 or about $179 per square foot. Subject to actual location.
Daytona Shores Prices jumped up 42.6% for a 4 Bedroom Estate as of December 2016. That pricing has eased as of the first three quarters of 2017.
A 3 bedroom home in: Daytona Shores Averaged $327,500 as of March end 2017.
As of 10-1-2017 we are at $283,865 up 10.8% over August 2016. The Median price for August 2017 is $245,000 down -3.4 from a year ago. Price per square foot is down -3.2% from August 2016.
Two Bedroom Condominium's in Daytona Average Price is $202,977^ approximately 25.1% over March 2016.
The Median Home price for Daytona is $225,000 approximately with Condo's and Town Homes Median at $170,355. Daytona has shown a consecutive and consistent market resilience for profitability since 2013.
Annual History: As of January 2017, Daytona Beach Real Estate, the Median priced 3 bedroom home was $257,644. Up 15.1% form August 2017, and 2 bedroom Condominium's Average Price was $246,673 up 24.8% from August 2016. Prices had improved from mid 2016 and now are leveling as of October 1, 2017.
Cocoa Beach Home Prices when compared closely with a Daytona Beach 3 Bedroom Home reflect a difference is about $30,000 or more at this time.
The difference between March 2017 and August 2017 is that Cocoa Beach has settled about -$20,000 since March 2017 and Daytona Beach has increased about +$50,000. Overall in 2017, Cocoa Beach has maintained a more consistent higher level of home prices. The market is in flex on a continuing basis at this time in both areas.
Daytona Real Estate Investments lower end market is a good Home value as there are a number of areas where the newer and updated Homes. Condo's are available in the Median $225,000 range and at the Average %$246,673. upper price range for investors and buyers or small family step up buyers for cash or financing arrangements. Courtesy of: Daytona Beach Area Association of Realtors
Daytona is a tourist attraction and its hotels, beaches, store fronts have a relaxed air about them. The Daytona area has year round employment opportunities, that keeps Dayton Beach a top selection for affordable fun and enjoyment and comfortable seaside living.
The Daytona Real Estate Investment market offers Real Estate Investors a rehab investment property opportunity at his time. Improve the community with profitability. Daytona has shown double digit appreciation for the past 4-5 years.
COCOA BEACH ~ Updated 10-1-2017
Just south of Daytona Beach about is Cocoa Beach. Daytona Real Estate Investment includes Cocoa Beach in their investment property quadrant because Cocoa Beach has a similar location, Homes For Sale, Condos for Sale and inland Homes, Condos/Town Homes and rental income property opportunities.
What does Cocoa Beach have to offer?
Cocoa Beach is famous for its proximity to Kennedy Space Center located in close by Cape Canaveral. At about the same time as the space center evolved so did a TV program," I Dream Of Jeanie", that gave Cocoa Beach and the adjoining community of Cape Canaveral world wide exposure .
Daytona Beach and the Daytona Shores location is similar to Cocoa Beach. A Cocoa Beach 3 Bedroom Home value Averaged $357,500 in August 2017. Up from $325,000 in August 2016 approximately +10.0%.
A 2 Bedroom home priced out at an Average $280,000. In August 2016 it was $225,000.
A 4 Bedroom Averaged $602,000 up +12.5% from March 2017 and +23.1% over August 2016. Only a few sales (approximately 10) were closed at this Average value. A 4 Bedroom Home in August 2016 was about $489,000, also with only a few sales.
The Cocoa Beach 3-4 Bedroom Estate Luxury Condos are available at about $450,000 to $1.1Million or more. A 2 Bedroom and 2 Bath Condo can be obtained starting around $310,000 with ocean proximity.
Courtsey of Trulia August 2017
Cocoa Beach and Cape Canaveral have some good isolated sales. Mostly original condition Homes and Condos . There are also some Investments that need a lot of work available, but you have to look and be able to submit an immediate offer.
Annual History: As of the end of August 2017 Homes and Condo/Town Homes are selling at:
Median and Average "All Home Sales", totaling 961 up 9.3% for August 2017 over August 2016. Condos and Town Homes totaled 247 Closed. Condos/Town Home volume is down -5.3% from a year ago.
Competitively priced properties were going into contract in 25 days and closing 67 days later at 96.1% of Listing Price.
A Brevard "2-3 Bedroom estimated" Median Home value Averaged $225,000 up 14.1% from a year ago and the Average value was $263,983 up 8.3% from August 2016.
As of March 2017 end:
A 2 Bedroom Condo/Town Home Median Price Home in Brevard County is valued at approximately $194,000 Up from a March 2016 value of $175,000. or 10.9%.
Brevard County Condos and Town Homes Median Sale for March 2017 is $155,000 up 2.0%. Average Sales were at $185,673 easing down -2.3% compared to August 2016.
Condos and Town Homes were up an Average of 5.3% from August 2016. There were two surges in value of 26.2% in July 2017 and 30.2% in January 2017.
Courtesy of Space Coast Association of Realtors. MLS
Today tourism, Cruise Ships, Grand Hotels and Victory Cruise entertainment line the Cocoa Beach Coast. Condo's For Sale and Town homes on the coast are a attraction. Cocoa Beach may be considered a attractive, less populated community atmosphere when compared to Daytona Beach. Investment group now forming.
ORLANDO~ Updated 10-1-2017
To the west of Daytona is Deland, a historic community and Lake Saint Mary that offers City, Lakeside, River, Water Front living and Country Style Homes. Orlando, just west, is more centrally located in Florida.
What does Orlando have to offer?
Orlando is spacious living in a City atmosphere. Having many of the attributes of a big City, Orlando's suburbs and bedroom communities emerge within itself. You can find a spread of Home Prices and Homes and Condo/Town Homes For Sale whether you are in East, West, North or South Orlando.
The upper end Newer or New Gated Home Communities can start as low as in the $300's. A single family home on a 1/4 acre, close to a lake can be in the low 100's to 200's. Condominium's are available under a $100,000 within the City expanding to County limits and just beyond. Upward Condo Town home values can be in the $250's and more, subject to location and amenities.
Home values in the more affulent communities can easily exceed $500,000 for a 3-4 Bedroom Home and some Condo /Town Homes.
When compared to Daytona, Orlando's Regional Median Home Price edged up 12.00% for 2017 compared to 2016. Orlando Regional was up 11.11% at year end for 2016.
As of January through August 2017:
The Orlando Region Median Price increased from a January $199,000 to $215,000 in April, to $223,000 in August 2017. Average Home values came in at $259,331. Compared to a January 2016 value of $180,000. the Orlando Region is Up $43,000 in 20 months overall, or approximately +19.3%.
This is an excellent appreciation factor for a vast regional area. As of August 2017 compared to August 2016 Orlando Regional Realtor Association Board reports a +9.8% increase of the Median value of Sold Homes and a +6.7% of the Average value of Sold Properties.
Lake, Seminole and Osceola Counties are all currently reporting up for August 2017 compared to August 2016.
Home Sales did increase +2.7% in August compared to the same time in 2016. In conclusion Home Sales are Up and Home Prices are Up.
Reprint of 7-1-2017 Report
Within the scope of the HUD Affordability Index based on a Purchase Price of $192,000 with 20% Down, the 2016 Orlando Regional area shows a average down payment of $43,000. Mortgage of $172,000 and Payment of approximately
$832.20 with a $40,000 annual income.
First Time Home Buyers with a Median Purchase Price up 11.98% for 2016 is $162,000 up from $153,000 a year prior 2015. |
The 2016 First Time Home Buyer year end numbers indicate a Down payment of about $18,275., Monthly Payment averaged $795.00 and Median Income of $38,198. to qualify for the Loan.
Then Purchase Price for April 2017 is $182,750.
Courtesy of: Orlando Regional Realtor Association
Hot Spots are popping up from Orlando East West North and South, Lake Mary, and Deland.
Of course tourism and the Orlando Theme Parks go hand in hand. There is a fair amount of upper end and middle management employment opportunities and numerous initial job and moderate employment opportunities to support housing and the community businesses. Properties available for rehabs.