124 Loomis Avenue, Daytona Beach, FL 32114

$249,000

Great location in the Historic downtown area 4 house or 1/2 block off of Beach St where you will enjoy restaurants, shopping, marinas, and riverfront walks. Or head over the bridge to the beach minutes away! With an apartment upstairs! Many updates have taken place in this charming Craftsmen style home accented by the beautiful hardwood floors and nicely fitted kitchen. Kitchen is modern and open to the living area complete with a breakfast bar and island for the cooktop. Beautiful solarium that lets the sunlight shine which has many different uses. New roof in 2018 and New AC in 2017. Live in the downstair space and rent out the upstairs efficiency style apartment with separate entrance. Or keep the additional space for family and friends! Come see this home today!

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2130 Umbrella Tree Drive, Edgewater FL

210 Parktowne Blvd Edgewater FL 32132

$550,000

This listing includes units 7 and 8. Parcel ID’s 7452-23-00-0080 and 7452-23-00-0070. First class tilt wall masonry constructed within 10 hour delivery to most of Florida, very easy access to I-95, SR44 to I-4 corridor within minutes! Two 14 foot roll up doors with 20′ ceilings, a lobby, 2 bathrooms and an upstairs private office or conference room! One of the two bathrooms has a shower, and there is a separate storage room with wash sink. Rear back concrete panels were built so you can replace with windows for a beautiful lake front office.This is an excellent location in the best/rapidly growing Industrial park in Volusia county. Bring your business or use as your toy garage. CAM fee includes Landscape, Exterior lighting, exterior insurance, and water.

210 Parktowne Blvd Edgewater FL 32132  

What Can We Expect In 2021 For New Smyrna Beach?

2020 is over, and it was… well, an interesting year, to say the least. Not just in general either – it was one of those years for real estate that made experts walk back prior predictions and caused economists to burn more than a few of their white papers. Despite everything that happened, against all expectations, the housing market remained incredibly resistant to the issues of last year and looks to remain strong going forward. To say real estate had a benchmark year against all odds is kind of underselling it. 

 

So what happened, and what can we expect in 2021? I’ve addressed the peculiarity of 2020 in previous blogs, but the long and short of it is that housing prices remained high because of A.) the market’s position of relative strength at the beginning of the year, B.) already-low inventories that still fell short of demand, and C.) low interest rates and a softer-than-expected economic blow from the pandemic. For us in New Smyrna Beach, we also have the constant flow of Orlando buyers and sellers already owning or wanting property here, not to mention the fact that the pandemic has increased demand for the beach, water, and boating lifestyle. 

 

All of that added up to a resilient market and a strong floor on prices. As the pandemic looks to be drawing to a close, what are the predictions for this year? 

 

For starters, 2020 is going to echo into 2021. What I mean by that is nothing in real estate occurs in vacuum; to a certain extent, all of this is connected, and what happened last quarter affects the next three months. So the three factors I mentioned earlier are going to have an effect on what we see moving forward. 

 

If you’re selling, that’s good news. The reality is that there are far more buyers than there are homes available, and that was only exacerbated by the pandemic. I know that sounds counterintuitive because we’d ordinarily expect economic hardship to have the opposite effect, but while the pandemic didn’t have much of an effect on buyers searching for homes, what it did do is put occasional halts to construction, sometimes for months. This means that the balance of buyers to sellers remained largely unchanged; if anything, the supply is a lot lower relative to demand. 

 

Because of this, prices remain high and we’re definitely in a market that favors sellers. But what if you’re looking to buy? Are conditions against you? Not necessarily. The reason I say this is due to another factor that increased the number of buyers entering the market, which has in turn increased competition: low interest rates. I’ve written about this before as well, but when interest rates fall, mortgages become more affordable and more buyers find themselves in a position to buy homes. While this increases competition, it also makes conditions a lot more favorable for first-time buyers in particular. 

 

This means that while buyers may have to go through several offers and even outright bidding wars before they find their new home, ultimately they’ll save several thousand dollars on their mortgage and build equity more quickly. Some buyers I’ve worked with were even able to buy homes that would ordinarily be out of their price range precisely because of how much they saved on their loan. A few percentage points doesn’t look like much on paper, but it amounts to thousands of dollars in savings for borrowers, and interest rates are at historic lows. Most buyers do the math and decide to enter the market. 

 

So on a macro scale, that’s more or less what’s going on with the market as a whole, and while these factors are at play all across the United States, real estate is all about location. In other words, local markets behave differently based on – you guessed it – their location. As a real estate agent in central Florida, I’ve seen these general conditions play a role in our market while noting its own distinct behaviors. 

 

Assuming all of the things we’ve talked about so far still apply, how does New Smyrna Beach stand out? For one, central and south Florida never really have an “off season.” For a large part of the country, sales slow down in the cooler months after peaking in the summer. For us here in Florida – especially on the coasts – condos and tourism tend to keep the market hot year-round. Because of retirees looking for their “golden years” home, vacationers looking to rent beach houses and condos, and snowbirds from up north buying their winter getaways, New Smyrna Beach is constantly active in terms of real estate. 

 

Unsurprisingly, this also means New Smyrna Beach has a healthy tourism market, and because of this, investment is ramping up. Some of you who follow me on social media have noticed an uptick in the price of commercial properties recently, and that’s not a coincidence. The people that are already heavily invested in New Smyrna continue to do so by way of selling to purchase a larger condo or home because they are now accelerating their future plans or spending much more time here as the pandemic shifts habits. For some, these shifts are permanent and have had an enormous effect on the market here.

 

With heavy demand for both rental and purchased property, commercial interests have been taking note and investing heavily in Florida over the past few years, the pandemic notwithstanding. Tourists and vacationers mean money spent in everything from bars to chartered fishing, while residents appreciate their usual favorite brunch spot. And how are you supposed to go kayaking without the proper equipment? All of this adds up to businesses setting up shop and a lot of money being poured into New Smyrna Beach from both retail and commercial sources, and neither shows signs of letting up any time soon. 

 

Thinking of buying or selling this year? Let me know how I can help! As an agent in New Smyrna Beach for the past ten years, I know this city inside and out and can get your home sold or help you find your next one! You can find me on Instagram, or email me here!

 

  • Matt 

 

Matt Guarro is a REALTOR in the New Smyrna Beach, Edgewater, and Port Orange areas of Central Florida.

S. Wild Orange Dr. New Smyrna Beach FL 32168

$70,000 each

2 lots, which can be bought separately or together! Conveniently located with nice mature trees on this vacant lot and on a very quiet street. Easy access to the beach 5-10 minutes away, I-95, grocery stores and shopping. Adjoining lot on S. Wild Orange available as well giving you an opportunity for a large building lot over 3/4 of an acre at .80 acres. Additional lot MLS # 1061795 or TAX ID #734307020070 for a package deal.

3122 Orange Tree Dr. Edgewater FL 32141

$205,000
SOLID BLOCK home on high spacious lot close to grocery stores, restaurants, shopping, river parks, boat launches and the beach! 3BR/2BA with 1-car garage make this the perfect family home, starter, or investment rental property. Open floor plan, huge INDOOR laundry room with extra space for storage, master bedroom with ensuite bath, huge air conditioned Florida Room and an additional 400 SF screened porch for enjoying breezes in the shade. Large partially fenced yard for gardening or adding a pool. Nice architectural roof looks great. Schedule an appt. to see this home today!

3509 S. Atlantic Units 102 & 103 New Smyrna Beach FL 32169

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$249,000

Ground floor unit perfect for your weekend getaway or vacation spot! Ready for immediate use, fully remodeled and furnished beautifully. This 2 bedroom 2 bathroom unit has an excellent pool and ocean view to enjoy with your morning coffee or evening cocktail. New AC August 2020. Very conveniently located across the street from some of the best restaurants in New Smyrna and 1 block to the 27th Ave park. Condominium documents have recently been amended to allow full time occupancy creating an up and coming opportunity that is still under priced in comparison to other ocean front, ocean view condos. With usage flexibility you can elect to enter the rental program for income when you are not there.

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130 Ranken Dr, Edgewater FL 32141

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Looking for space to park boats, trailers, or an RV in a wonderful Intracoastal frontage community? That is what you have here in this very desirable, quiet community where this home is one of only a few that are not on the water. The home sits on over a half acre with plenty of parking including a 2 car garage. One side is deep measuring 46′ x 11′ allowing you to park a boat or have a nice workshop. RV hookup on the right side of the home so you can stop paying storage fees. The custom owner built home has many nice features as well! Cathedral ceilings, fiberglass exterior doors, outdoor shower, large open floor plan, fireplace, generator hookup, hurricane shutters, SAFE ROOM which doubles as the second bathroom consisting of block walls and concrete a ceiling, indoor laundry room, and a spacious kitchen with lots of cabinets. HVAC replaced in Oct 2020 and appliances are 2017. Located in Flood Zone X! Come experience this wonderful opportunity today! Several Pictures are virtually staged.

$385,000

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