The hot housing market in Volusia County has builders and developers trying to squeeze in new subdivisions wherever they can, and lot of long-stalled plans are suddenly reviving.
Florida Realtors have released their annual numbers, showing 13,605 existing houses sold in the Volusia/Flagler market in 2020, up 9.6% from 2019 with the median price, where half sold for more and half less was $244,900, up 8.8%. Realtors sold 3,753 existing townhouses and condos last year in the two-county area, up 19.3% with the median price at $230,000, up 12.2%.
The U.S. Census Bureau won’t release the final building permits numbers until May 2, but you be assured the numbers will be up.
In just the past week, some of the projects I spotted include:
•A 58-lot section moving forward at Halifax Plantation, this one right along Old Dixie Highway (The Loop) in Ormond Beach. The overall plan for Halifax Plantation was approved, so all that is required is St. Johns River Water Management District signing off on the stormwater management plan.
•Site work is expected to start on the Reserve at Strickland, which is planned for 108 townhouses and a commercial site at southeast quadrant of Clyde Morris Boulevard and Strickland Range Road in Daytona Beach.
•Plans submitted to the water district for Grandview Gardens, a 100-lot residential subdivision along North Ridgewood Ave., north of New York Avenue (S.R. 44) in DeLand.
•Plans submitted to the water district to finish Wexford Plantation with 177 lots north of Old Dixie Highway and west of Old Kings Road, adjacent to Halifax Plantation.
These are lot of smaller projects, which pale in comparison to some of the big ones planned or underway in the area. But you can see how much builders are pushing to get as many lots as possible. And they are more than willing to pay for those lots. For example, Dream Finders Homes just bought a batch of lots in Fernanda Place in DeLand for $1.862 million.
Builders only have about eight to 10 more years before the post-World War II baby boom is over and the flood of retirees slows down. They seem to know they’re under a deadline.
Some interesting news out of DeLand. Winslow, Maine-based Alcom LLC, one of the largest trailer manufacturers in the U.S., signed a 136,000-square-foot lease to occupy the entire building at 2526 W. New York Ave. Some of the job openings on Alcom’s jobs board for Deland include plant manager, production manager, logistics supervisor and buyer/planner. It won’t be long before the company starts looking for manufacturing workers.
Not much in the way of notable commercial real estate dealers lately. A couple were auto dealers Terry Taylor and Jack Holcomb buying the vacant land on State Road 44 between New Smyrna Beach Chevrolet and New Smyrna Beach Chrysler Jeep Dodge Ram for $564,000. Drs. Priscilla Luong and John Yee bought the medical office building at 711 Beville Road in South Daytona for $380,000.
On a final note, some notable building starts include construction of two warehouse/industrial buildings in the business park at Bill France Boulevard and Holsonback Drive in Daytona Beach. A temporary terminal is going in for Greyhound bus station on South Ridgewood Avenue in Daytona Beach for renovation of existing terminal building. Florida health Care Plans renovating property at 2777 Enterprise Road in Orange City for medical center.
Managing Editor Cecil G. Brumley has been tracking business and the economy in Volusia County for more than 24 years. Contact him at email@example.com (no hyphens) or follow him on Twitter @cecilbrumley.