Second Home Demand Surges in Daytona Beach, Ormond & Ponce Inlet
Central Florida and the Daytona Beach area have long been a leisurely landing spot for snow-birds, second-home buyers, and retirees, but in typical 2020 fashion, the surprisingly surging home market here is becoming the new norm. Recent real estate and lender data shows a strong rise in demand for second homes as more Americans seek out warmer and more welcoming scenery for remote offices or self-seclusion. Whether it's Daytona Beach Shores oceanfront, Ponce Inlet riverfront, or a popular golf neighborhood in Ormond or New Smyrna Beach, our second-home destinations are drawing a socially-distanced crowd.
With this sustained demand, it is no surprise that 60% of Florida home listings are going under contract in less than 30 days, and locally, most of our listings are actually receiving multiple offers in the first week. While it is difficult to predict how the market will change heading into 2021, it will take a lag in lending and a large increase in real estate availability to sway this sellers market. If you have questions about specific Central Florida cities, neighborhoods, and condo buildings and their 2020 market trends, please reach out to us for personalized service. Call Kevin Kling at (386) 527-8577 for your second-home buying and selling needs.