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In The News

Stay updated on the central Florida area's top news in real estate. Find our press releases, news outlet interviews and other stories of interest on our local market here!

Found 67 blog entries about In The News.

(Daytona Beach, FL) –The busy spring home sales season launched with fervor in March around the greater Daytona Beach area real estate market. 

For the month ending on March 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 453 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $199,900. It amounts to a slight reduction in sales and 14 percent jump in median sales prices, year over year. Compared to February, month over month comparisons showed prices remained strong and steady as sales totals skyrocketed by more than 36 percent as part of the spring season’s usual ramp up in home sales.   

Comparisons to previous months and 2016 SFR sales figures are below: 

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It has been a long wait since developers announced plans to erect a new 12-story luxury condo building in Daytona Beach Shores.

The Aruba Condominiums, a new oceanfront development in Daytona Beach Shores by Aruba Ventures, LLC, has finally finished the pre-construction condo sales phase and will soon move to the next phase. The project is set to finally break ground in May and with demolition and construction moving into full swing.

"We are excited to be moving forward with the construction of the Aruba," Grady Miars, president of GreenPointe Communities (the company that will manage the Aruba), said in a news release. "We look forward to welcoming the Aruba's new homeowners to their new oceanfront condominium!"

The complex will rise in Daytona

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Median sales prices in the Daytona area condo market recovered from February’s temporary pricing dip and returned to the strong range the area saw as 2017 began. 

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 130 condo sales in January with a median sales price of $184,000. It’s a 6.5 percent increase from the sales totals seen the same month a year ago, and a 14 percent increase from February’s sales. Meanwhile, median sales prices fully recovered from February’s price dip and the month ended with prices up 21 percent, year over year.   

Meanwhile, inventory levels worsened in March as demand for area condos increased. Condo buyers in March were forced to search

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The city jumped for joy when Bayshore Capital excitedly announced a few years ago that a Hard Rock Hotel and Cafe would be built along The World's Most Famous Beach. The city was then equally crushed when the project later was scrapped amid slow condo pre-sales and controversy over beach driving.

All hope for a Hard Rock is not lost, though. 

In fact, recent news reports indicate chances are increasingly good that a Hard Rock Hotel will eventually grace the shoreline along Daytona Beach, putting the city on an exclusive, short list of the hotel chain's International locales.

Although much work, time and money was invested in buying land on the 700 block of South Atlantic Avenue and preparing the original Hard Rock Hotel project plans, it's not

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State laws regarding vacation home and condo rentals could be changing, if proposed bills running through the Senate and Florida House of Representatives passes. 

The bills, HB 425 and SB 188, would repeal a law passed in 2014 that gave local governments the ability to regulate short term vacation rentals. 

The law passed 3 years ago was developed to address residents' and local officials' concerns that there weren't enough regulations to keep neighborhoods quiet and visitors safe in cities that are flooded with millions of tourists annually and sometimes tens or hundreds of thousands of tourists during short weekend or weeklong events. Places like Flagler County complained that quiet neighborhood were turned into loud party spots as vacation

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A local company is creating lots of buzz and big changes to one of Volusia's quaint small towns. 

Edgewater, the small city with only 20,000 residents located 17 miles southeast of Daytona Beach, has decided to annex one of the area's large employers into its boundaries as the company prepares for a large, 2-year expansion that would bring more than 350 new jobs to the city. 

The expensive expansion would grow the workforce of luxury boat builder Boston Whaler from a team of more than 700 people to a company employing over 1,000 locals, according  to recent news reports. 

The luxury boat manufacturer hopes to add 13 buildings with more than 270,000 sq. ft. of office and manufacturing space. They'll also add plenty of parking and a large wooded

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(Daytona Beach, FL) –The Daytona Beach area real estate market experienced a solid uptick in single family home sales in February. The area also enjoyed strong year-over-year gains in median sales prices.

For the month ending on February 28, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 333 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $200,000. It amounts to double digit gains for both sales and prices with a 16.4 percent increase in sales and a 10 percent increase in prices, year over year. Month over month comparisons showed prices remained strong amid a nice boost in sales totals. 

Comparisons to previous months and 2016 SFR sales figures are below: 

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Median sales prices in the Daytona area condo market fell to $154,000 in February as the market experienced an onslaught of investor and vacation condo sales in the lower price ranges.   

An analysis of Daytona Beach Multiple Listing Service (MLS) data by The Wyse Home Team at Keller-Williams Realty showed there were 114 condo sales in January with a median sales price of $154,000. It’s a 48 percent increase from the sales totals seen the same month a year ago, and a 52 percent increase from January’s sales. Meanwhile, median sales prices fell by 9.7 percent as an onslaught of investors and tourists snapped up low cost condos priced under $150,000 for use as investment and vacation condos. According to MLS reports, condo sales for units priced under

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New rankings released by U.S. News and World Report rank Florida top in the nation for its higher education. The rankings consider a number of factors, from tuition affordability, to graduation rates, to student debt and overall educational attainment.

Extremely high graduation rates for 2-year degrees and the incredibly rates for college tuition and fees played a strong role in catapulting Florida to the top of the ranking list. Florida ranks 3rd in the nation for it's 2-year degree programs, in which more than half of the students attending were able to complete their degrees on time. The state also ranks 2nd in the country for low tuition and fees, the report showed.

Gov. Rick Scott and others heralded the new rankings, according to the

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It's been a long 6-year wait for eager condo buyers who live in and visit the Daytona Beach area, but construction crews have finally broken ground on the most expensive oceanfront condo project in the history of Daytona Beach.

According to a recent report by the Daytona Beach News-Journal, the $192 million Daytona Beach Convention Hotel & Condominiums project will not only be the most expensive project to rise along The World's Most Famous Beach, but it will also be one of the area's tallest.

The project will boast two towers rising more than 300 feet into the sky. The beautiful Peck Plaza in Daytona Beach Shores will maintain it's title of the area's tallest oceanfront complex at 342 feet, though.

The Daytona Beach Convention Hotel &

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