Daytona Beach Real Estate 

The Daytona Beach area is a strong seller's market due to high demand and diminishing availability of homes for sale. But because of the low mortgage interest rates (between 5% and 6%), it's also a great time to buy a home in Daytona Beach, especially when you consider their immense investment value. The popularity of the area is growing, and so is the demand for properties in Daytona - especially those near or on the water. Buying a home in Daytona to rent out as a vacation home is also a good investment, thanks to the large number of special annual events the area hosts, including Bike Week, Speed Weeks, Spring Break, and Biketoberfest.

In 2004, the median price of a home in the Daytona area was $168,000, up from $92,000 in 2000. The average price increased from $117,123 to $208,016. Many economists expect prices to increase about 5% a year, and for interest rates to increase to 6.25%-6.75% by the end of 2005.