As a result of the growing population and record setting high tourist rate, Volusia County is expecting a significant increase in retail development in the upcoming year.
The retail projects combined are expected to total more than 1 million square feet. That includes projects already under construction. The Tanger Outlet Mall is one of the many highly anticipated retail developments. The project will be completed November of this year.
Other projects include, One Daytona, set to be completed by the end of next year. This project will include restaurants, hotel, a luxury apartment community, as well as entertainment venues.
So what does this mean for the Daytona Housing Market? According to Volusia County Property Appraiser Morgan Gilreath, there is a 7.5 percent overall increase in property values in Volusia County in the amount of $45.8 billion dollars this year. According to Gilreath, 2016 is the 3rd consecutive year that property value has increased in Volusia County. If you are considering selling, there is no better time than now! Call us today to learn how to sell your home for top dollar!
Contact us today for more information about Daytona Beach real estate for sale or Florida housing market. Direct (386) 299-4043