Ormond Owners Report
Third Quarter 2017
Hello From Ormond By The Sea Florida
Ocean View Condominium Rental Group, Inc. also dba Ocean View Realty Group publishes this quarterly newsletter providing out of town Ormond By The Sea home and condo owners local information that they may not otherwise receive. View other editions of the Ormond Owners Report.
2018 wall calendars are available at the Ocean View Realty Group office. Stop in and say hello and get yours while supplies last.
BUSINESS BRIEFS
-One daytona is expected to complete the first phase by the end of this year. A hotel, shopping, restaurants and entertainment are included in the first phase. More is included in phase 2 which is to be complete next year.
-Hanky Panky lounge has new owners who are making many changes.
-Bellair Lanes has closed. Possibly someone will reopen?
LOCAL NOTES
-Florida Hospital Oceanside sustained significant damage from hurricane Irma and remains closed.
-Flagler Pier is closed following Irma.
-Daytona International Speedway will host a holiday lights experience throughout the holidays beginning November 17.
-The Hard Rock Hotel expects to open by the end of the year at 918 N Atlantic Ave., Daytona Beach.
Ormond By The Sea Florida 3rd quarter condo sales analysis 2017
This table shows the condos sold in Ormond By The Sea Florida for the first 3 months of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS). The volume of sales has been steady for a few 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$ | High$ | Average | Avg ask | Avg sq.ft | Price/sq ft | DOM |
| 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 | 115,900 | 475,000 | 200,091 | 210,203 | 1256 | 172 | 121 |
| 2014 | 38 | 102,500 | 335,000 | 190,513 | 164,850 | 1270 | 150 | 104 |
| 2013 | 30 | 80,000 | 365,000 | 181,341 | 191,520 | 1196 | 152 | 139 |
| 2012 | 26 | 75,000 | 380,000 | 156,521 | 170,784 | 1131 | 138 | 149 |
| 2011 | 17 | 85,600 | 495,000 | 180,024 | 203,737 | 1354 | 133 | 199 |
| 2010 | 15 | 65,000 | 530,000 | 151,400 | 165,520 | 1169 | 130 | 108 |
| 2009 | 22 | 59,900 | 595,000 | 186,864 | 214,481 | 1167 | 160 | 164 |
| 2008 | 11 | 110,000 | 720,000 | 238,264 | 262,963 | 1212 | 197 | 162 |
Contact Ocean View Realty Group to help you buy, sell or rent your Ormond By The Sea home or condo. Visit our web site 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. Rhonda Lehnen is our Realtor® and can help with buying or selling ovforsale@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.