Where is New Smyrna Beach in the Current Real Estate Cycle?

New Smyrna Beach's Minorca Condos

New Smyrna Beach’s Minorca Condos

With the volume of single family home sales up 17.9% in February 2015 and condo sales up 15.6% compared to February 2014, it is easy to see that the real estate scene in New Smyrna Beach is seeing an unprecedented real estate boom not seen since the real estate market tanked.

The 2015 real estate market overall here in New Smyrna Beach is seeing less inventory evident by 7.9% less single family homes on the market and 3.3% less condos and townhouses on the market in February 2015 than February 2014.

This time, the market is being fueled by rich Central Floridians and out-of-town investors who are looking and eager to purchase in financially solid regions and to be part of projects established by experienced developers. New Smyrna is being recognized as an exciting place to own a condo or beach side home, and a great location in the county to get out of the rough northern winters.

The current real estate cycle differs drastically from the pre-market crash cycle in that it is much healthier as no one is taking big risks.  Investors are only looking to support financially strong projects with experienced developers in the drivers seat.

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February 2015 NSB Board Stats | http://www.sarahcaudill.com

February 2015 Single Family Homes NSB Board of Realtors Statistics

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February 2015 NSB Board Stats | http://www.sarahcaudill.com

February 2015 Condo and Townhome NSB Statistics

To search the current MLS listings in Volusia county directly:  Click Here

Best Condo Community in New Smyrna Beach

New Smyrna Beach Minorca Condos | www.sarahcaudill.com

New Smyrna Beach Minorca Condos | http://www.sarahcaudill.com

Minorca is one of the best condo communities in the pristine beach town of New Smyrna Beach.  With the Atlantic Ocean on the East side of these condo buildings and the inter-coastal waterway to the West side, this community offers breath-taking sunrise and sunset views.  The Minorca community was built on 65 acres and is 15 miles south of Daytona Beach.  New Smyrna Beach is the closest beach town to Central Florida’s theme parks being only an hour from Orlando.  Adjacent to this fantastic community is the Smyrna Dunes Park that offers 220 acres of park with over four miles of boardwalk and walking trails.  The first of the 7 Minorca buildings were completed in 2002 and the last in 2006.  The property includes 310 condo homes.

Minorca offers an exclusive clubhouse complete with a full kitchen, bar, pool table, and entertainment area; a large heated pool and spa along with a fully equipped gym with a sauna; tennis courts; 24/7 staffed security gatehouse; Ponce De Leon River Pavilion; excellent on-site management staff; boat docks for rent or purchase; and fishing docks overlooking the New Smyrna Beach Coast Guard Station and Ponce Inlet Lighthouse.

Currently the lowest priced condo in this prestigious community is a second floor, 2 bedroom, 2 bath, 1,450sq ft unit listed at $347,000 and the highest priced condo is a seventh floor, 4 bedroom, 3 bath, 2,620 sq ft unit listed at $1,550,000.

Call your full-time Minorca resident and realtor today to tour this one of a kind community #386-295-8664! Or view the current Minorca condos For Sale by following this link: http://sarahcaudill.idxbroker.com/idx/results/listings?idxID=a096&pt=1&lp=0&ccz=city&per=10&srt=prd&a_complexName[]=Minorca