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 March end 2017:
Daytona Beach Shores Average Sale Price for March 31, 2017 is $327,500 or about $184 per square foot.
Daytona Shores Prices jumped up 42.6% for a 4 Bedroom Estate as of December 2016. That pricing has eased as of the first quarter of 2017.
A 3 Bedroom Home in Daytona Shores Averaged $327,500 as of March end 2017.
Two Bedroom Condominium's in Daytona Average Price is $202,977^ approximately 25.1% over March 2016.
The Median Home price for Daytona is $198,450 approximately with Condo's and Town Homes Median at $175,000.
Annual History: As of January 2017, Daytona Beach Real Estate, the average priced 3 bedroom home was $243,513., and 2 bedroom Condominium's Average Price was $183,145. Prices had eased from mid 2016 and now are rebounding.
Daytona Real Estate Investments lower end market is good as there are a number of areas where the newer and updated Homes and Condo's are available in the median income price range for investors, first time buyers or small family step up buyers. Courtesy of: Daytona Beach Area Association of Realtors
Daytona is a tourist attraction and its hotels, beaches, store fronts have a relaxed aire 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 offes Real Estate Investors a rehab investment property opportunity. Improve the community with profitability.
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 rental income property opportunities.
What does Cocoa Beach have to offer?
Cocoa Beach is famous for its proximity to Kennedy Space Center located in Cape Canaveral. At about the same time as the space center evolved so did a TV program, I Dream Of Jeanie, that helped put Cocoa Beach on the map.
Daytona Beach and Daytona Shores location is similar to Cocoa Beach. A Cocoa Beach 2 Bedroom property value Averaged $379,000 over March 2016 up +129.7%.
A 3 bedroom priced out at an average $382,500 up +9.3%.
A 4 bedroom averaged $560,000 up +49.5%. Few sales.
The Cocoa Beach 4 Bedroom Estate Luxury Condo starts at about $450,000.
Home Prices when compared closely with a Daytona Beach 3 Bedroom Home at this time ar about $100,000 or more.
Courtsey of Trulia March 2017
Cocoa Beach and Cape Canaveral have some good isolated sales available but you have to look and be able to submit an immediate offer.
A Brevard 3 Bedroom property value Averaged $240,354 over a March 2016 Home Sale of $207,038 up 16.1%.
Annual History: As of the end of March 2017 Homes are selling .
As of March 2017 end:
A 3 Bedroom Median Price Home in Brevard County is valued at apprioximately $194,000 Up from a March 2016 value of $175,000. or 10.9%.
Brevard Condos and Townhomes median sale for March 2017 is $150,000, Average Sale $190,840. Up an average of 5.6% from March 2016.
Courtsey 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.
To the west of Daytona is Deland, a historic community and Lake Saint Mary that offers Water Front living and Country Style living. 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 city, Orlando has suburbs and bedroom communities within itself. You can find a spread of home prices and Houses 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. Condominium's are available under a $100,000 and upward to $250's and more.
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 April 2017:
The Orlando Region Median Price increased from a January $199,000 to $215,000 in April, compared to a January 2016 value of $180,000. Up $35,000 in 16 months.
Home Sales did decline 4% in April compared to the same time in 2016. In conclusion Home Sales are Down and Home Prices are Up.
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 Downpayment 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 Nort and South to Lake Mary.
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 rehabers.