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DAYTONA REAL ESTATE INVESTMENT Florida Regional Property Value Comparison.

  Real Estate Market Valuation of Florida in Homes, Condo's and Rental Income Property.
Next Daytona Regional Market Comparison Report Update 
August 1, 2017 ~ Semi Annual Report

Daytona ~ Daytona Beach ~ Cocoa Beach  
Deland ~ Lake St. Mary ~ 
East, West, North and South.


Daytona Real Estate Investment ~ Quadrant 
BREAKING NEWS: Daytona Beach existing Home Prices Up 13.7% for First Quarter of 2017 and 12.1% from December 2015 through December 2016. Cocoa Beach and Orlando Regional areas are also showing double digit appreciation for 2016.

Statistical survey's indicate that Daytona Beach, Cocoa Beach and Orlando Florida share a similar housing rental income markets. The areas between Daytona and the Orlando and Orlando suburbs, like Deland and Lake Mary have similar prices in certain areas and rental income markets. 

Today, Real Estate Investing is comprised of flexible investment properties, in hot spot markets as investors move their investment focus from block to block, town to town and area to area.

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.

Hot Spot:
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

Hot Spot:
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 Spot:
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.


Daytona Real Estate Investment News ~ USA Comparison as of July 1, 2017
USA Existing Home Sales from January  through December 2016    Up +0.17%

USA Home Sales January to July 2017 are +0.16% Average.   RETV.News



Annual Bottom Line

June 2017

Down  -1.8%


May 2017

Up        1.1%


April 2017

Down  -2.3%


March 2017

Up      +4.4%


February 2017

Down  -3.7%


January 2017

Up      +3.3%


December 2016

Down  -2.8%


November 2016

Up      +0.7%


October 2016

Up      +2.0%


September 2016

Up      +3.2%


August 2016

Down  -0.9%


July 2016

Down  -3.2%


MARKET UPDATE ~ THE BOTTOM LINE:                                                                                         

The Real Estate Market is experiencing the relationship of a USA economy slowdown. Basically the FED's position on raising interest rates is affecting purchasers and sellers as the housing market becomes more depressed and Prime Lending interest rates move up 1%. This rate hike is beyond what the American economy can absorb as at this time. The medium USA family average wage level of $30,000 Annual per Individual and $56,000., per Family. The average family annual  income with an approximate $50,000 cash outlay buys the average home in the USA.

The FED's move of raising rates in the last 11 months has resulted in a decline of the real estate market of approximately 30%-35% on Homes and Condos selling  as of the month of June 2017. The value of the individual real estate sale  of about $258,000 has leveled with the June 2016 market sales because of the dramatic decline in lower end sales from $0 to $250,000 and up to $500,000. The May and June 2017 higher end Sales influenced an upward price adjustment of the median and average home sale price.

Real Estate is approximately a 50% contributor to the USA economy. It provides well paying jobs at all areas of American wealth including and not limited to production and manufacturing of goods and services. In addition, Real Estate is the single most valuable asset an individual or American family has for shelter and wealth to fuel their purchasing power in America. History shows when interest rates are going up Americans sit on the purchase and investment sidelines.

Therefore, in part, American's purchasing power has been deminished to 0 due to the FED's agenda, in all probability steming from the past 2009 to 2016 administration to today. America is feeling the results with Retail Sales for 2017 at 0.03%, a "0" level with major chain store closures. Retail Sales are below 2016 levels at -0.2%, iforJune 2017. This is far below any potential growth rate for 2017. Retail sales should be at 3.5% to 5.0% at this time of the year.

A basic time interval is a annual reoccuring determination of "growth at a rate" if the real estate market recession of 9 years is going to emerge to a growth market for the American public. The Benchmark for the USA is +7.5% annual real estate appreciation. Anotherwords if you have a home worth $100,000 in 2018 it should be worth $107,500 as an example.There are only several Hot spots in the USA that are reaching the benchmark.

Courtsey of RETV.News
July 25, 2017