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Daytona Real Estate
Investment News e-RETV Digital Media 2021
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Daytona Real Estate Investing News  Florida,  September 27, 2021 (Update Pending)
provides the latest news and Regional Real Estate Value Comparison of the
current Real Estate Market for Daytona Beach, Cocoa Beach  Florida. 

Daytona Beach Homes and Condos  Up in 2021 over 2020, 
Homes and Condos and Townhomes .

Daytona Beach Homes Up +15.3%,  $372,000 Average Price in April 2021             ( Up +18.00% Median Price $295,000 )
Daytona Beach Condos-TH Up +41.00%,  $296,069 Average Price in April  2021
   ( Up +47.10% Median Price $250,000 )
                                                                                                                                                                                                  

  The following Real Estate Value Comparison is designed to assist the home buyer and investor with up to date Real Estate Investing News and Sales of Homes and Condo's on Coastal Florida.

Daytona Real Estate Investing News
market analysis of the current Real Estate Market in
Daytona Beach, Cocoa Beach , Florida.

Daytona Real Estate Investing and Real Estate Market surveyed.
 Daytona Beach ~ Cape Canaveral ~ Cocoa Beach  
  


Archive 2020
News History:

Daytona Real Estate Investing Florida
latest real estate news for the Daytona Beach, Cocoa Beach. 

Daytona Median Priced Home Sales Averaged Up 15.0% in February 2018 at $230,000. The Average Home Price was up 7.5% at $271,000.  over the same time in 2017. 

The Daytona real estate market Condos and Town Homes performed well with the Median Price Average for January and February 2018 was Up  10.4% at $163,125. The Average Condo/Town home Price was also up 13.45% at $192,468. 

The Averaged priced Condo /Town home Prices soared briefly to 21.8% in January 2018 to a high of $209,414. In a Dollar value estimate Median Priced Homes were up about $15,000., or more in February 2018 over January 2018.

Daytona Beach current Home Prices for January and February 2018 combined are in flex about $18,052.  Average with Condos / Town Homes weighing in Up at about $16,000 in flex when compared to January 2018. 

Cocoa Beach and Orlando Regional areas are also showing good appreciation for 2018.

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. The following Market Analysis Comparison is for the same time period unless otherwise noted.

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

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.

Daytona Beach:
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.


Volusia County:
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.

Hot Spot:
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 Spot:
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.

 

Daytona Real Estate Investment News ~ USA Comparison as of JUNE 1, 2021
USA Home Sales Average for January thru July 2021                                 Down   (+.0%)
Cummlative Comparison is Sales Totals for 2021                                         Down  (+.0%)

USA Home Sales January through December 12 Month Average 2021             Up +0.%  
USA Existing Home Sales from January  through December 2020                  Up +0.%

RETV News
Update in Progress
____________________________

National Housing Statistics Monthly and  Year to Date Averages (Most Recent Data 2021)

Month

Up/Down

Year to Date Average Bottom Line

June 2021

Up 0.0%

0.0%

May 2021

Up 0.0%

 0.0%

April 2021

Up  0.0%

0.0%

March 2021

Up  0.0%

0.0%

February 2021

Up  0.0%

0.0%

January 2121

Up  0.0%

0.0%

December 2021

Up   0.0%

0.0% 

November 2021

Up   0.0%

0.0%

October 2021

Up    0.0%

0.0%

September 2021

Up   0.0%

0.0%

August 2021

 Up    0.0%

0.0%

July 2021

Up   0.0%

-0.0%


MARKET UPDATE ~ THE BOTTOM LINE Today:  June 7, 2021                                                                                   

The Real Estate Market is experiencing the relationship of a USA economy moving up. Basically the FED's position on keeping interest rates low is affecting purchasers and sellers as the housing market becomes more profitable. This low rate is  what the American economy can move on at this time. The medium USA family average income ranges from $40,100 to $120,000 Annual per a family of three. Individual income averages about $4516. The average family annual  income of say $50,000 to $60,000. buys the average home in the USA.

The FED's move of keeping rates low rates in the last 18 months has resulted in a boost of the real estate market activity of Homes and Condos selling as of the month of October 2020. The value of the individual real estate sale of about $408,800 up from 2020's, $389,400. The Market Sales have had a dramatic increase in sales. The January-May higher end Sales influenced an upward price adjustment of the median and average home sale price.

History shows when interest rates are going up Americans sit on the purchase and investment sidelines. There is no offset for an ever growing Consumer Price Index without real estate profitability for the average American and First Time Home Buyer. 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. Right now May 18, 2021 we have to watch out for a changing economy.  Wholesale pices are going up, are salaries meeting the necessary rise. No, not right now. In addition, Real Estate is the single most valuable asset an individual or American family has for shelter and wealth and to fuel their purchasing power. An example is Automobiles and other needs.

Therefore, in part, American's purchasing power has been increased due to the FED's agenda, keeping interest rates low until mid 2023, in all probability stemming from the past 2020 administration to today. America is feeling the results with Home Sales and appreciation, Retail Sales and  Auto Sales leading the USA economy. Government politicians watch the COVID 19 vaccinations and how they will curb the illness in the near future.
 

A basic time interval is a annual reoccurring determination of "growth at a rate". If the real estate market  is going to emerge to a growth market for the American public this will be very helpful when looking at 2020. The Benchmark for the USA is +7.5% annual real estate appreciation. Another words if you have a home worth $408,800 (Average Sale Price) in January 2021, it should be worth $430,860  by January 2022, as an example.

Courtesy of RETV.News
May 18, 2021


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