Ormond Owners Report ~ Third Quarter 2019
Hello & Happy Holiday Season from Ormond By The Sea, Florida
Ocean View Condominium Rental Group, Inc. also dba Ocean View Realty Group publishes the Ormond Owners Report quarterly newsletter providing out of town Ormond By The Sea home and condo owners local information that they may not otherwise receive. Here is a link to view this and other editions of the Ormond Owners Report.
BUSINESS BRIEFS
-The Julian’s restaurant
site at 88 S Atlantic will be a gift shop.
-The Ormond Garage at 48 W Granada is open as a microbrewery and restaurant
with lots of racing memorabilia.
-Frida’s Mexican restaurant replaced Maria Bonita at 195 W Granada.
-Oceanfront Outfitters offering lots of beachwear is open at 1644 Ocean Shore Blvd, next to the Kayak Center.
LOCAL NOTES
-There is a new Wawa and Aldi open on Granada Blvd. in Ormond Beach
-Wall calendars for 2020 are available at the Ocean View Realty Group office. Stop in and get yours when you are in town or passing by our office.
-Sunwing Airlines is scheduled to begin weekly flights from Daytona Beach to Toronto on Nov. 7th.
-All of our yearly lease properties are currently occupied and we are looking for additional homes and condos to rent.
Ormond By The Sea Florida 3rd Quarter Condo Sales Analysis 2019
This table shows the condos sold in Ormond By The Sea, Florida for the third 3 months of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS). The volume of sales has been steady for the last 8 years and values are increasing . Both of those are good indicators for the market. The increase in days on the market may be a product of the lower inventories and market activity since condos that have been on the market longer are now selling.
| Year | # Sales | Low $ Sold | High $ Sold | Average Sold $ | Average ask $ | Average Sq. Ft | $/sq.ft | Avg DOM |
| 2019 | 52 | 125,000 | 430,000 | 232,868 | 245,712 | 1127 | 210 | 160 |
| 2018 | 30 | 64,000 | 610,000 | 196,105 | 202,404 | 1150 | 172 | 91 |
| 2017 | 34 | 85,000 | 560,000 | 222,702 | 233,003 | 1227 | 181 | 141 |
| 2016 | 36 | 132,500 | 555,000 | 225,053 | 235,247 | 1223 | 183 | 156 |
| 2015 | 37 | 115900 | 475000 | 200091 | 210203 | 1256 | 172 | 121 |
| 2014 | 38 | 102500 | 335000 | 190513 | 164850 | 1270 | 150 | 104 |
| 2013 | 30 | 80000 | 365000 | 181341 | 191520 | 1196 | 152 | 139 |
| 2012 | 26 | 75000 | 380000 | 156521 | 170784 | 1131 | 138 | 149 |
| 2011 | 17 | 85600 | 495000 | 180024 | 203737 | 1354 | 133 | 199 |
| 2010 | 15 | 65000 | 530000 | 151400 | 165520 | 1169 | 130 | 108 |
Contact Ocean View Realty Group to help you buy, sell or rent your Ormond By The Sea home or condo. Visit our website www.ovrealty.com and our vacation rental web site at www.ormondbeachcondorentals.com or call us at 386-441-8245. Email for rental information at ovrentals@aol.com. Real estate market information is updated on the Ocean View realty Group market watch page. Go there for lots of statistics on homes and condos for sale and sold in Ormond By The Sea, Florida.