Looking for a great place to live? Daytona Beach has it all, from beaches to mild temperatures to recreation. If you’re in the market for Dayton Beach homes, there has never been a better time to be a buyer. There are a variety of homes to fit virtually anyone’s budget.
Why Live in Daytona Beach?
Daytona Beach is a popular tourist area because of its notoriety as the world’s most famous beach. It offers living along the coastline or mainland. It is also home of the Daytona International Speedway, a popular landmark for racing fans. The weather is mild all year long. Enjoy temperatures ranging from 59 degrees in the winter to 79 degrees in the summer – perfect for those who dislike cold or hot weather. Daytona Beach offers a variety of recreational activities, including golf, fishing, tennis, boating and spectator sports.
Market Trends
With interest rates low, home buyers are snatching up Daytona Beach homes at high rates. In 2012, inventory of single-family homes in the area dropped 2.6%. Inventory had dropped from 9.2 months in 2011 to 5.6 months by the end of 2012. Along the beachside in Dayton Beach, 211 homes sold in 2012. The average price was $172,141, 90% of the asking price. On the mainland, 825 properties sold in 2012. The average price was $96,956, which was 93 % of the asking price. Sales of beachfront properties rose by 1.7%, with mainland properties increasing by more than 3%.
Forecast
Many real estate experts expect modest increases in home sales in 2013. This is most areas of Florida are expect to recover nicely after a slump earlier this year. However, inventory needs to increases, especially in the lower price ranges, in order to keep home buyer activity going strong. This will cause the housing market to recover nicely and lead to higher appreciation rates on Daytona Beach homes.
provide you with the latest information about the Daytona Beach housing market. See if now is a good time to buy or sell a home in the Greater Daytona Beach, Ormond Beach and Flagler areas. Call us for all your housing needs.
