Daytona Area Condos
There are 492 condominiums for sale in Daytona area, which includes Daytona Beach, Daytona Beach Shores, Ormond Beach, Ponce Inlet, Port Orange, South Daytona, and Holly Hill. MLS is showing 498, however, 6 of those are condo-hotels units, mistakenly classified as residential condominiums.
Prices range from $45K to $3.4 Mil for a 3 level Penthouse unit in Aliki Towers. There is only one condo for under $50K, and there is only one condo for over $2 Mill.
Sales of Daytona Area Condos
2019
So far this year until today there were 727 condo sales from $35K to $950K oceanfront 3 bedroom/3 bath unit in Ocean Villas.
2018
There were 1,099 condo sales in 2018. Prices ranged from $38K to $1,196,000 for an oceanfront 4 bedroom/4.5 baths in Island Crown.
2017
The same number of sales – 1,099. The price range: $35,100 to $1,150,000.
2016
There were 1,061 condo sales in 2016. Price range from $28,000 to $1,200,000 for a full-floor condo in Aliki Towers.
2015
995 condo sales took place in 2015. Starting price $21,600. 5 units were under $30K.
The highest-priced unit sold in 2015 was for $900K. It was for a 3-bedroom unit in Ocean Villas.
2014
986 condo units changed hands in 2014. Prices started from $17,500. 11 units were sold for less than $30K.
The highest-priced unit was sold for $1,150,000.
2013
1,052 units changed hands in 2013. Lowest price unit – $15,000. 2 units sold for less than $20K and 22 units were under $30K.
The highest-priced unit went for $830,000.
2012
9822 units changed hands in 2012. Lowest price unit – $6,000. 9 units sold for less than $20K and 43 units were under $30K.
The highest-priced unit went for $975,000.
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Summary
As you can see, the top price does not really give you the idea of the market, but the lowest prices sure do. From $6K in 2012 to $45K today.
But the market is always relative. And for today’s market, $45K is crazy low, like $6K in 2012.
Yet it is always up to you, whether to wait until it goes back to $6K, which, considering my age, is not happening…
Interestingly though, the number of sales of condo units is pretty steady through the years. Bad years and very bad year, – the number is about 1,000, give or take..
I am a condo broker for DaytnaCondo Realty. Call me if this is what you are interested in, thinking about, or simply are curious…
Hello Jon. I ran across your condo friendly website. I realize from your website that you sell mostly individual condos. Question, would you be willing to sell an entire condo or apartment complex to us?
My company, TDLCapital Investments, LLC brings in the needed to capital to restore an older projects and bring it up to today’s standards. For example, we like to reposition a project from a C class to a B class. Perhaps the owner has owned the property for 10+ years and now wishes to retire and sell, but the property is in need of some major repairs to the roof and has other capital needs. Usually we buy projects in the 20 to 120 units size, but that is usually because during that year of construction, that was the size they built. We have purchased projects that needed all new roofing, all new huricane & tornado storm-proofing of windows and doors etc, replacement or upgrading of the entire electrical & plumbing systems, and even upgrading from central utilities to individualized utilities, of the entire building(s). Sometimes our return for our overall and investment does not show until year two or three.
We have bought and sold in Tampa/St Pete Fl area, the Phoenix Az area, the San Diego Ca area, and various parts of Texas and even Ohio. If you find such a project that is priced low enough that we can come in and add the value and make a nice return. No, the property does need to be listed for sale, it can be seller direct, and we will sign an exclusive representation & 3% commission agreement and work directly through you. For us and the seller, the longer the escrow period the better. This allows us to syndicate the purchase and pay more. We can be creative either way to the Seller’s needs.
So Jon, if you come across something, please use my direct line is 480-967-4100. Treg
Treg,
Would you be interested in land? 1.56 ac across street from the ocean. Perfect visibility. Could be perfect for a condo/Apartments. Mixed use zoning, so a condo and a restaurant can work, or a condo and retail can work. Let me know. I believe this lot has tons of potential due to its location on A1A. Across from the best condo building… A whole block is available, 68,000 sq. ft.
let me know