Bella Vista Condominiums in Daytona Beach Shores. Market Snapshot. Jan. 2012

Bella Vista Condominiums in Daytona Beach Shores.

Bella Vista is one of not many condos built after the Hurricanes of 2004. By the time it was complete in 2007, the market was already softening, and they had quite a few scared buyers, who opted to lose their 15% deposit and not close.

But the developer – Cook Development – were still lucky, they were able to sell the remaining unsold unit at minimum discount and get out of there before the market hit the bottom (if we assume that it already hit the bottom).

All these newer condos are beautiful, and there is no comparison to older condominium buildings in the area. If the market would have stayed high for another 3 years, we would have one of the most beautiful condos dotting the shoreline. I have seen the designs, and they were so nice.

Now it is gone, some of the land was lost to foreclosure, and until the money start flowing back, there will not be much in terms of any new development on the Beachside.

Look at availability of units in Bella Vista. 8 units only and average price is higher than the average price for units sold in Bella Vista in 2011. Of course, asking price and selling prices are not the same, but you can still notice the trend, that prices are stabilizing and even inching up.

Check all units sold in Bella Vista in 2011.

Call me for information about condos on Daytona's beachside.