Watch out for Daytona Beach in 2017
Long-time residents of Daytona Beach already know it is a wonderful place to live, work, and play, so of course it makes sense that more and more people are attracted to the area. Many real estate experts expect Daytona Beach to be one of the most desirable markets in the country in 2017 and beyond, and there are plenty of reasons they think so.
Forbes.com recently rated Daytona Beach to Ormond Beach as the 3rd hottest real estate market to watch in 2017. That study, contributed by Trulia, was based on three significant factors, and the Daytona Beach region scored high in all of them. Here are the three best reasons to move to Daytona Beach in 2017.
Job growth spurs a local economy and attracts new residents. Home buyers like to know they will be able to work close to home and afford the mortgage. They need to know that the employment situation in the area is stable, and that future opportunities for growth will be available.
Daytona Beach scored well in terms of job growth, from its new high-end developments creating construction jobs, to the large number of national and international businesses the region has recently attracted. The One Daytona development is just another exciting example of new development bringing hundreds of new permanent jobs to the area.
It is no secret that real estate prices have recovered significantly since the depths of the Great Recession, but housing in Daytona Beach is still surprisingly affordable. Home affordability was one of the factors Trulia looked at when creating its rankings, and the Daytona Beach region scored very high on that list.
Homes in the Daytona Beach area are priced at less than the national average, making the region a natural choice for new buyers, downsizers, and others looking for an affordable lifestyle. Equally as important, increasing property values should continue to drive growth in the future, making a home in Daytona Beach a wise investment in a great beachside community.
Online Search Frequency
These days, most potential buyers use the Internet to research an area and potential homes before they start making a move. That is why Trulia considered online search frequency for housing in their rankings, and once again, Daytona Beach scored well.
Daytona Beach is a hot market for flipping houses, and its combination of low prices and ample housing stock has attracted real estate investors from around the country and across the globe. Whether you are an investor, a first-time home buyer, or a downsizer, you can find what you want in this great growing area of the East Coast.
Condo communities like Marina Grande on the Halifax have long believed in the beauty and longevity of this special stretch of Volusia County. Offering luxury lifestyle and a beautiful view of the Halifax River, this established gated community is a perfect place to start your home buying journey. Convenient to new development, Daytona International Airport, shopping, entertainment and all things recreational, Marina Grande on the Halifax is the perfect focus point for you to begin the life you have been waiting to live.