Daytona Beach and Beach Shores Market

[David Graham]

Hi Everyone, 

I wanted to get everyone's take on the real estate market in Daytona Beach and the Daytona Beach Shores area. I am very familiar with the area and know about the problems that have held this area back over the last 20-30 years. However, is there any reason to believe that the communities recent push to improve the area could result in an increased level of appreciation over the next few years?

Daytona is an area that has a strong history and is a very popular vacation spot, especially during Speed Week, Bike Week, Spring Break, etc. I was just wondering if anyone else that was familiar with the area felt that there could be a turn around in the market in the near future that would make it appealing to investors?

[Mike Mclean]

First - just one persons views. This is a loaded question and the answer is it depends on many factors - right. Daytona Beach is a great place but I would look at a few things when researching this area, look at crime rate and house prices within 1 mile radius. Daytona does have opportunities to grow with price increases, not sure about this neighborhood?
Recently we sold properties in Jacksonville Beach and using 1031 exchange, so we have been looking all over. We found 3 homes, mostly beachside. We are locals and our son is an agent in the area. He has been helping us find things and might be worth hooking up with someone that understands investor viewpoints.
I love that you are looking in the area and please reach out to us if you need anything.