Condo-Hotel Market Hotel Condos. February 2022 Inventory 46 condo-hotel units (aka Resort Condos, aka Hotel condos) for sale in Daytona in MLS as of February 25, 2022. This is critically low inventory. Probably the lowest I ever saw it in my 20 years selling them. In 2004, at the start […] Read more »
Daytona Condo Market
Daytona Condo Market Daytona Beach Shores. End of February 2022. It is a slow time, the end of the slow season for Daytona condo market. Which means there are no crazy multiple offers on the table. Properties are on the market; you can look and think. Last summer this was […] Read more »
The Plaza Resort & Spa. Business as Usual or a Hostile Takeover?
The Plaza Resort & Spa I am guilty of dragging with writing about the Plaza Resort & Spa for so long. Every time I think I need to write, and I don’t do it right away, something changes. I get a call from an owner, and they tell me something […] Read more »
Marina Grande on the Halifax. End of the Era
.Marina Grande on the Halifax. End of the Era. The end of the crisis, uncertainty, crazy low prices… I believe Marina Grande on the Halifax is the last condo development in Florida with still unsold units since the crisis of last decade. It may sound crazy, but this is true. […] Read more »
Plaza Resort in June 2021
Plaza Resort in June A condo-hotel unit in the Plaza Resort & Spa was under contract for a long time. Then the deal fell through, the unit went back on the market. I submitted a full-price offer and it was accepted. I was curious why the unit did not close. […] Read more »
Daytona Condo-Hotels in June 2021. Sellers’ Market is Coming
Daytona Condo-Hotels in June Daytona condo-hotels in June offer only 36 units for sale in the area. Out of 2,219 (without Oceanwalk with it’s 600 rooms). I have never seen the inventory this low, even at the peak of the market in 2005-2006. Then it fell from the “normal” 165-175 […] Read more »
Luxury Condos on the Beach. Daytona Beach Shores. June 1, 2021
Luxury Condos on the Beach. Daytona Beach Shores. June 1, 2021 Real Estate market is weird to say the least. Inventory is probably lower than even in the peak market of 2005- 2006, yet today and then is not really comparable. In 2005 the number of permits issued was double […] Read more »
What do Nice Ladies Do? The End of the Saga of Marina Grande on the Halifax
What do Nice Ladies Do? The End of the Saga of Marina Grande on the Halifax I have been getting calls about Marina Grande on the Halifax for more than 10 years. Used to get into the details explaining things happening and not happening. Nobody cared about this magnificent project […] Read more »
Marina Grande on the Halifax Today. The longest saga
Marina Grande on the Halifax Today. The longest saga of unsold condo units in Marina Grande on the Halifax, a 486-unit high-rise condo project in Daytona Beach area, is about to end very soon. Marina Grande on the Halifax today is two gorgeous 25-story towers built in 2007 in the […] Read more »
Update on the Condo Market in Daytona Beach Shores
Update on the Condo Market in Daytona Beach Shores Last time I wrote an update on the condo market in Daytona Beach Shores was March 26, 2021. Today is April 22, 2021. What changed if anything in one month? A lot… There were 46 listing of condos for sale in […] Read more »
Watching the Market
We are watching the market We are watching the market, as, probably many people do nowadays. It is changing, but how? How fast, what drives the change, what can you expect in the future? Questions, questions, questions… This report is on the lot activity in Palm Coast. Why would I, […] Read more »
Should I buy or Should I Wait?
Should I buy or Should I Wait? The call came yesterday evening from a client/friend in Connecticut. “I wanted to buy a condo for our retirement, they were about $160K 4 months ago, but now are $190K-$200K. What should I do? Buy now for more, or wait till the market […] Read more »