DAYTONA BEACH FL ~ First Quarter 2018
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 April 11, 2018 :
Daytona Beach Shores:
Two of the most recent highest sale prices for Daytona Shores is a 3 bedroom and 3 Bath Condo for $890,000 and two additional Condos for $1,896,500 and 3,000,055 Million. Both March 2018 sales have the flexibility to be annual corporate rentals.
Daytona Beach Shores Average Listing Price for April 2018 is $367,000, subject to actual location.
I computed the March and April Sales manually and came up with 17 Sales averaging $498,000. These were "Ocean View" Condos 2 bedroom and 3 bedroom. I discounted the Top Two High End Sales of $1.8 to $3 Million and several low end Sales under $100,000 to have a more accurate "speculative" average sale price.
The existing January-February 2018 Daytona Shores Value of $367,000 average may increase when the March-April figures are developed.
Daytona Shores pricing has improved in 2018 when compared to 2017.
Looking a Daytona Beach is a separate market in the same area that includes Daytona Beach Shores, the current Realtor data for Daytona is:
A 3 Bedroom Median Priced Home " Single Family Residence" Value is up 15.0% from $200,000 in February 2017 to $230,000 in February 2018.
The Average Price of a Daytona Home is up 7.5% from $252,046 in 2017 to $271,023 in February 2018.
Sellers are receiving 95.8% of the listed price with an average Listing Time of 50 days to Contract and 91 days to Close of Escrow.
A Median Priced 2 Bedroom Condominium and or Town home Value, is up 8.6% from $156,500 in February 2017 to $170,000 in February 2018.
An Average Price Condo or Townhome is up 21.8% in 2018 and currently selling at $209,414, up from 2017 value of $171,952.
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 range from under $100,000 to 209,414 and more. This is currently the 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 FL ~ First Quarter 2018
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 .
There is a inventory shortage of listed properties in Cocoa Beach at this time and that is a driver of solid prices in the area.
A Cocoa Beach 3 Bedroom Home value Averaged $384,000 in January and February 2018. This is up from $325,000 in August 2016 approximately +13.5%.
A 2 Bedroom home priced out at an Average $279,000+. In August 2016 it was $225,000.
Recently a 5 Bedroom 3 Bath Home was sold at $715,000 and several others around $500,000. At the end of 2017 there was top of the market sale of $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 could still be obtained for about $489,000, also with only a few sales.
The Cocoa Beach 3-4 Bedroom Estate Luxury Condos sold in 2018 at over $500,000. There is occasional availability at about $450,000. The lowest Condo sale in 2018 currently is 92,500 in Cocoa Isles.
As of March 2018, a 2 Bedroom and 2 Bath Condo can be obtained starting around an average price of $189,000 with ocean proximity.
Courtesy of Trulia August 2018.
Cocoa Beach and Cape Canaveral have some good isolated sales. Cape Canaveral has larger Homes and Condo's with lower pricing. As the market goes up in Cocoa Beach the Cape is following close behind. These are mostly original condition Homes and Condos. There are a few new Homes and Attached Town homes and Updated Homes are becoming available. In addition investment properties that need a lot of work are available, but you have to look and be able to submit an immediate offer.
Archive Brevard County 2017:
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 FL ~ First Quarter 2018
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. Tourist and Theme Park employment enhances the already established Orlando.
The upper end Newer or New Gated Home Communities can start as low as in the $300's. A single family existing home on a 1/4 acre, close to a lake can be in the low $150's to $250's and up.
Condominium's and Town homes are available from about $125,000 up 19.3% in value from March 2017. These Units are within the City expanding to County limits and just beyond. Upward Prices Condo Town home values in various locations can be in the $250's and more, subject to the location and amenities.
Home values in the more affluent communities can easily exceed $500,000 for a 3-4 Bedroom Home and some Condo /Town Homes.
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.