As the vibrant city of Port Orange continues to grow and evolve, many are turning their attention to the housing market and what the future may hold. With a prime location along Florida’s Atlantic coast and a thriving economy, Port Orange is poised for significant developments in the residential and commercial property sectors over the coming years. As we look ahead to 2024, it’s crucial to understand the key trends shaping the housing landscape in this dynamic community.

In this article, we will delve into the historical housing trends that have defined Port Orange, exploring the factors that have contributed to its appeal as a desirable place to live and invest. We will also examine the exciting new construction and development projects on the horizon, which promise to bring fresh opportunities for homebuyers and investors alike. Additionally, we will discuss the growing emphasis on sustainable housing practices and how they are influencing the market. Finally, we will consider the broader impact of these housing trends on the community and lifestyle of Port Orange residents.

Historical Housing Trends

Over the past decade, Port Orange’s housing market has experienced notable shifts and developments. In recent years, the median sale price for single-family homes has steadily increased, reaching $355,000 last month, representing a 5.97% increase compared to the previous year. Condominiums have also seen growth, with a median sale price of $220,000 last month, up 4.71% from the same period last year.

The price per square foot for single-family homes in Port Orange currently stands at $211, a slight increase of 0.4% over the past 12 months. Condominiums have experienced a more significant rise, with the median price per square foot reaching $188, a 4.92% increase compared to the previous year.

One notable trend in the Port Orange housing market is the increasing number of price drops for single-family homes. On average, 44 price drops per month have been observed over the past year, ranging from 24 to 86 homes. This represents a substantial 136.67% increase compared to the previous year. In contrast, price drops for condominiums have decreased by 50%, with an average of only 2 price drops per month.

The average days on market for single-family homes in Port Orange is currently 20 days, an increase of 17.65% compared to the previous year. Condominiums, on the other hand, have seen a dramatic decrease in days on market, with the median now at 0 days, a 100% decrease from the previous year.

These historical trends in Port Orange’s housing market highlight the growing demand for both single-family homes and condominiums, as well as the increasing competitiveness of the market. As the city continues to attract new residents and investors, it is likely that these trends will persist in the coming years, shaping the future of Port Orange’s residential and commercial property sectors.

New Construction and Development

Port Orange is experiencing a surge in new construction and development projects, with several residential and commercial ventures underway. The Development Activity Report Interactive Map, updated weekly, provides detailed information on the status and specifics of these projects.

One notable development is the clearing of land for a 690-unit apartment complex called Tomoka Village South, located west of Clyde Morris Boulevard and north of LPGA Boulevard in Daytona Beach. Adjacent to this, a retail center named Ridgewood Park is also being constructed along the north side of LPGA Boulevard.

In addition, a Raising Cane’s Chicken Fingers fast-food restaurant is being built on the southwest corner of Williamson and West International Speedway boulevards in Daytona Beach, replacing a former Pier 1 Imports store.

Halifax Health is also expanding its presence in Port Orange with the construction of a medical office and emergency room complex at the corner of Williamson Boulevard and Oakwater Lane (Airport Road). The “Halifax Health at Oakwater” facility, situated between a Mobil gas station and the entrance to the Ashton Lakes community and The Gallery at Port Orange Senior Living, is expected to be completed by the end of the year.

These projects showcase the ongoing growth and investment in Port Orange’s residential and commercial property sectors, contributing to the city’s thriving economy and attracting new residents and businesses to the area.

Sustainable Housing Trends

As Port Orange continues to grow and evolve, sustainable housing practices are becoming increasingly important in shaping the city’s residential landscape. The term “green” has come to symbolize anything that is good for the environment, and this concept is being embraced in the housing sector through innovative building practices and eco-friendly features.

The City of Port Orange has historically promoted water conservation and reuse as an integral part of its water management program. This includes encouraging waterwise irrigation practices, the application of Florida-friendly landscaping, and the use of low volume plumbing fixtures in all new developments. The City has also utilized a rebate program for retrofits to low-flush fixtures and other inefficient plumbing devices.

In addition to water conservation, the City is implementing various initiatives to reduce its environmental impact. These include:

  • Using hybrid vehicles in the City fleet whenever possible
  • Installing an energy-saving automatic shut-off air cooling system at City Hall
  • Implementing energy efficient lighting at recreation facilities
  • Installing solar panels on new public buildings and a solar array for wells at the City’s central wellfield

The City’s Green Initiative focuses on making “going green” easier, leading by example, and building technical expertise. This initiative aims to encourage sustainable practices in both the public and private sectors, including the housing market.

Green Building Practices

Green buildings are designed to reduce the overall impact of the built environment on human health and the natural environment. This is achieved by:

  • Efficiently using energy, water, and other resources
  • Protecting occupant health and improving employee productivity
  • Reducing waste, pollution, and environmental degradation

As Port Orange continues to develop, green building practices are becoming more prevalent in both new construction and redevelopment projects. Developers are incorporating sustainable materials, energy-efficient systems, and water-saving features into their designs to minimize the environmental footprint of their projects.

Eco-Friendly Features

Homebuyers in Port Orange are increasingly seeking out properties that incorporate eco-friendly features. Some of the most popular sustainable housing trends include:

  • Energy-efficient appliances and lighting
  • Solar panels for renewable energy generation
  • Low-flow plumbing fixtures to reduce water consumption
  • Sustainable building materials, such as bamboo flooring and recycled content
  • Native landscaping and xeriscaping to minimize water usage and maintain local ecosystems

As awareness of the importance of sustainability grows, it is expected that these eco-friendly features will become more commonplace in Port Orange’s housing market. By embracing sustainable housing trends, the city can ensure that its residential developments are not only meeting the needs of the present but also preserving resources for future generations.

Community and Lifestyle Impact

The housing trends in Port Orange are not only shaping the physical landscape of the city but also have a significant impact on the community and lifestyle of its residents. As the city continues to grow and evolve, it is essential to consider how these developments will affect the daily lives of those who call Port Orange home.

Local Amenities

Port Orange offers a wide range of amenities that contribute to the quality of life for its residents. The city boasts numerous parks, playgrounds, and recreational facilities, providing ample opportunities for outdoor activities and community gatherings. Port Orange Causeway Park, located at 93 Dunlawton Ave, is a popular spot for residents to enjoy the waterfront and engage in various leisure activities.

The city also has a diverse selection of dining options, catering to various tastes and preferences. From seafood restaurants like Two Jerks Seafood and The Proud Crab to fast-food chains like Burger King and McDonald’s, residents have plenty of choices when it comes to satisfying their culinary cravings.

For those seeking a caffeine fix, Port Orange has several coffee shops and cafes, such as Casualbird, Christopher Bean Coffee, and Starbucks. These establishments not only provide a quick pick-me-up but also serve as gathering places for the community to socialize and connect.

Quality of Life

Port Orange’s commitment to sustainable housing practices and green initiatives contributes to a higher quality of life for its residents. The city’s focus on water conservation, energy efficiency, and the use of eco-friendly materials in new developments ensures that the community can grow without compromising the environment.

The presence of quality schools, such as Sweetwater Elementary School, Spruce Creek Elementary School, and Spruce Creek High School, is another factor that attracts families to Port Orange. The city’s emphasis on education and the availability of highly-rated schools create a strong foundation for the community’s future.

Access to healthcare facilities is also a crucial aspect of the quality of life in Port Orange. With Halifax Health Medical Center of Port Orange and several urgent care centers like Atlantic Urgent Care and Primecare Urgent Care, residents can rest assured that they have access to quality medical care when needed.

As Port Orange continues to develop and implement sustainable housing practices, the community and lifestyle of its residents will undoubtedly benefit. The city’s commitment to creating a thriving, eco-friendly, and well-connected community will ensure that Port Orange remains an attractive place to live, work, and play for years to come.

Port Orange, Florida – A Hidden Gem

The housing trends in Port Orange point towards a promising future, with steady growth in home values, an increase in new construction and development projects, and a growing emphasis on sustainable housing practices. These trends not only contribute to the city’s thriving economy but also enhance the quality of life for its residents. As Port Orange continues to evolve, it is well-positioned to attract new residents and investors, while maintaining its commitment to creating a vibrant, eco-friendly community.

By embracing sustainable housing practices, investing in local amenities, and fostering a strong sense of community, Port Orange is setting the stage for a bright future. As we look ahead to 2024 and beyond, it is clear that the city’s housing market will continue to shape the lives of its residents, offering a desirable blend of economic opportunity, environmental stewardship, and a high quality of life. MX Properties, Inc President Lawrence Todd Maxwell provides helpful insight into the ever-changing real estate market in the Port Orange and South Daytona Beach commercial real estate market.