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Daytona Beach named 3rd-most affordable beach town in U.S. as home prices soar news-journalonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news-journalonline.com Daily Mail and Mail on Sunday newspapers.
Daytona Beach, the city on Florida’s Atlantic coast, has resorts, 23 miles of sandy beaches, a water park, a boardwalk and the Daytona International Speedway, which hosts NASCAR’s Daytona 500 and other high-profile racing events. ....
A little more than a week ago came news that the median home price in the Daytona Beach area surpassed $300,000 for the first time ever. It s amazing, said John Adams, president of Adams Cameron & Co. Realtors. The real estate market is through the roof, no question about it. Realtors are understandably happy about the higher prices. But for average workers in Volusia and Flagler counties, the American dream of home ownership is ever more out of reach. Business Editor Clayton Park s story about the climbing prices for homes explained the conditions that are leading to the boom. Namely, a lot of people with money to spend are moving to Volusia and Flagler counties, many of them retirees from up north seeking their slice of Florida paradise. Low interest rates are also fueling the boom. And although interest rates will likely go up by the end of this year, no one expects the higher rates to greatly slow real estate sales here. ....
A paver-covered circular driveway leads up to this beautiful lakefront home in one of Ormond Beach’s most sought-after subdivisions. Located on the scenic Loop, it is convenient to all the area has to offer. “It’s a modern-style home that is very open and bright, with beautiful views of the community lake,’’ said Realtor Harold Briley. “And, there are no through streets in the subdivision, so there is not much traffic within the neighborhood.” From the moment you enter this luxurious residence through the spa-like courtyard, its intricate design, along with the meticulous care from the owners, is evident. Visitors are greeted with views of the lake through a wall of windows. ....