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

Why New Smyrna Beach FL is a Great Place to Retire

Retire in New Smyrna Beach | www.sarahcaudill.com

Retire in New Smyrna Beach | http://www.sarahcaudill.com

New Smyrna Beach FL is a great place to live and it is also a good place to retire!

PROS:

  • We have a strong small town economy here in Central Florida.
  • The average home price is $185,000
  • Population of about 23,000 people
  • Warm winters
  • High number of doctors per capita
  • Good ratings for bicycling, walkability
  • Average tax climate
  • Big outdoor recreation scene with boating, golfing, fishing, paddle boarding, and bicycling
  • Low serious crime rate

ABOUT NEW SMYNRA BEACH:

New Smyrna Beach is 50 miles East of Orlando, FL and 89 miles south of Jacksonville, FL.  The white sand runs for 13 miles along our coast with driving permitted on portions of the beach.  New Smyrna’s beachside is a barrier island with the Atlantic Ocean bordering the East side and the Intra-coastal waterway bordering the West side.   The elevation is on average 9 feet.  Tides change every 6 hours and average 3 feet.

Year around temperatures in New Smyrna Beach, FL are very mild and pleasant.  The average annual temperature is 71 degrees Fahrenheit with highs averaging in the 80’s in the summer and lows averaging in the 60’s in the winter.  Afternoon showers are common throughout the summer months.

Find a home in New Smyrna Beach:

Real Estate in New Smyrna Beach FL

To learn more about New Smyrna Beach, check out my other related blog posts:

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Prestigous New Smyrna Beach Condos