Location, location, location - Daytona Beach is getting hot

It is no surprise to the real estate professionals at Waverly Property Group in Daytona Beach Shores that the market has turned around. While bargain-basement prices might hang on for some time in less-desirable parts of the state and country, the demand for prime waterfront properties here is bound to boost prices and the number of sales in the coming months.

There are many things that affect local real estate markets. But some of those determining factors such as unemployment statistics and average family income are less applicable here than in places like Ohio and New York. There are three huge reasons why Daytona Beach real estate is ready to rock - location, location, location.

Seriously, location is always the most important element for determining if a property is a good investment. But when it comes to waterfront, you are dealing with a very limited supply. While developers can continue to build farther out, constructing communities in rural areas with nothing especially pleasing or unique, that will not attract buyers in droves. Complaints about long commutes and overall lack of shopping, medical facilities and cultural offerings are common in the back country. Both tenants and owners already have a huge supply of this type of housing from which to choose, and they‘re turning it down.

You can’t conjure up more oceanfront lots or riverside plots of land. The natural attraction and relaxing lifestyle of living by the beach or on the Halifax River are priceless features that will always retain a substantial intrinsic value.

Waverly Property Group, led by owner/broker Ramara Garrett, is in a great location and can easily match up clients with the house or condo that will more than satisfy their needs and fulfill their wishes. But while location is important, two other huge factors are making Daytona real estate the talk of the industry - retiring baby boomers from the US and Canada, and international investors who love the area and want to establish a second home here.

With complaints about sky-high prices in places like Miami and San Diego, the smart buyers who come to Daytona know a bargain when they see one. Many future year-round and seasonal residents come here ready to buy, and with cash in hand.

Small supply, big demand. For anyone with some foresight, buying a waterfront property, such as the premiere residences offered by Waverly Property Group, in Daytona Beach is a wise investment.

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