A quarterly newsletter by Ocean View Realty Group to keep folks informed about Ormond Beach and Ormond By The Sea Real Estate and other business happenings.

Ormond By the Sea, FL~ Owners Report, 3rd Quarter 2018

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Ormond Owners Report

Third Quarter 2018
Hello 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.  View other editions of the Ormond Owners Report.

BUSINESS BRIEFS

–  Lucky’s Market will be opening soon on Granada Blvd. in the former Food Lion store.
–  The Daytona Zipline Aerial Adventure has reopened at Tuscawilla Park.
–  Canadian Airline Sunwing will begin service to Toronto from Daytona Beach in January.
–  Zaxby’s has opened at 1287 W Granada.   

LOCAL NOTES

–  Wall calendars for 2019 are available at the Ocean View Realty Group office.  Stop in and say hi and get yours while they last.
–  Florida Hospital building on A1A will be demolished.
–  Many new dining, shopping and entertainment options are coming available at One Daytona, Tanger Outlet Mall and    Tomoka Town Center.

     Ormond By The Sea, Florida 3rd Qtr Condo Sales Analysis 2018

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 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 $

Sold

 High $

Sold

 Average

Sold $

 Average ask $ Average

Sq. Ft

 $/sq.ft Avg DOM
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
2009 22 59900 595000 186864 214481 1167 160 164

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.   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, FL.

Ormond Owners Report Second Quarter 2018

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     Ormond Owners Report
      Second Quarter 2018
                HELLO FROM ORMOND BY THE SEA FLORIDA

Ocean View Condominium Rental Group, Inc., 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.

BUSINESS BRIEFS

-A 7-11 gas station with convenient store is being built in front of Publix where the Shell gas station once was.
-Crab Island Creamery ice cream shop opens weekends at 1458 Ocean Shore Blvd.

LOCAL NOTES
-The Trails Shopping Center on Nova road has a new owner.

Ormond By The Sea Florida mid-year sales analysis 2018
This table shows the condos sold in Ormond By The Sea Florida for the first 6 months of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS).  For more market statistics visit the Market Watch Page of the Ocean View Realty Group website.

Year Sales Low $ High $ Average sold $ Average

ask $

 Average

Sq. Ft

 Sq. Ft. avg $ Avg DOM
2018 70 55,000 475,000 211,026 220,563 1181 179 103
2017 55 87,500 543,000 225,326 236,444 1410 180 112
2016 51 67,500 585,000 212,327 222,365 1237 172 127
2015 53 47,500 360,000 157,656 167,025 1217 131 163
2014 54 37,500 322,725 152,806 161,269 1203 127 106
2013 55 65,000 390,000 154,222 167,058 1236 125 122
2012 39 37,000 395,000 136,588 148,156 1208 113 108
2011 17 40,425 284,000 $144,320 152,898 1260 121 94
2010 10 50,000 550,000 195,211 227,900 1399 139 226
2009 12 95,000 474,900 209,027 234,864 1204 174 196

For information about Ormond Beach and Ormond By The Sea Florida homes and condos for sale and for rent call Realtor® Rhonda Lehnen 386-441-8245 or visit the Ocean view Realty Group website at www.ovrealty.com where you can search the Daytona Beach Area Multiple Listing Service (MLS) anonymously.

This graph shows Ormond By The Sea Florida condos

sold comparing previous years for the first 6 months of the year.

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.

 

Ormond Owners Report First Quarter 2018

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Ormond Owners Report First Quarter 2018

Hello 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.  View other editions of the Ormond Owners Report.

BUSINESS BRIEFS

-Hard Rock hotel is now open at 918 N Atlantic ave. Daytona Beach.

-Ben and Jerry’s ice cream shop has opened at One Daytona.

-Landshark Bar and Grill and Cocina 214 tex mex restaurant are open at 451 S Atlantic Ave.

–A Delta hotel by Marriott is open in Daytona Beach Shores.
LOCAL NOTES
-O’hara’s has changed its name to Origins.
-Houligan’s has reopened following hurricane repairs.

Ormond By The Sea Florida condo sales analysis 1st Quarter 2018

This table shows the condos sold January 1 to March 31 in Ormond By The Sea Florida in 2018 through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS) with a comparison to prior years.

Year Sales Low$ High$ Average Avg ask Avg sq.ft Price/sq ft
2018 24 80,000 419,000 221,563 230,971 1207 181
2017 24 87,500 470,000 207,647 218,355 1248 166
2016 17 75,000 585,000 204,317 212,717 1184 170
2015 20 106,900 369,000 200,353 211,179 1286 159
2014 23 50,000 490,000 187,330 201,554 1229 152
2013 27 62,000 355,000 170,736 179,574 1150 148
2012 14 70,000 325,000 187,571 200,714 1312 143
2011 16 108,000 250,000 150,100 163,468 1234 121
2010 9 45,251 318,773 139,096 153,193 1242 112
2009 11 50,000 250,000 150,333 166,020 1173 128

 

 

Note the price per square foot and average sale prices are high.  Condos that are priced right for the market will sell quickly while anything overpriced will sit on the market.

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.  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.

Ormond Owners Report 4th Quarter 2017 from Ormond By The Sea Florida

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Ormond Owners Report

Fourth Quarter 2017

Hello 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.  View other editions of the Ormond Owners Report.

BUSINESS BRIEFS
-Salty Farms Seafood Market is open at 1452 Ocean Shore Blvd.
-Absolutely CheeZee is open at 1064 Ocean Shore Blvd.  serving grilled cheese with a twist.

LOCAL NOTES
-Now open at One Daytona include P.F. Chang’s, It’s Sugar and Sprint. Bass Pro Shops,Cobb Luxury Theater,Built Custom Burgers, Fairfield Inn, and Guitar Center.  Much more still coming.
-Stop in at the Ocean View Realty Group office for your 2018 wall calendar while supplies last.
-The Flagler Pier has reopened following repairs.
-Daytona Beach ranked #7 best places to retire in a U.S. News & World Report recently.

 

Ormond By The Sea Florida condo sales analysis 2017

This table shows the condos sold in Ormond By The Sea Florida in 2017 through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS) with a comparison to prior years.

Year Sales Lowest$ Highest$ Avg Ask$ Avg Sold$ Sold$/SqFt Avg DOM
2006 43 117,000 810,000 331,372 313,114 241 164
2007 50 110.000 830,000 322,152 294,016 223 241
2008 41 110,000 720,000 227,475 204,355 175 274
2009 59 50,000 595,000 197,940 176,553 147 200
2010 66 47,251 550,000 168,106 150,428 117 271
2011 79 40,425 495,000 166,589 151,610 115 188
2012 79 37,000 380,000 164,918 152,183 126 196
2013 109 62,000 390,000 176,437 165,225 136 205
2014 115 37,500 490,000 181,599 171,151 142 129
2015 109 47,500 499,000 189,378 179,503 149 144
2016 121 67,500 585,000 229,334 219,265 174 135
2017 110 58,000 599,000 234,986 223,991 182 119

Note the days on market (DOM) is the lowest in at least 12 years and the price per square foot is the highest.  55 condos sold in 90 days or less and 36 of those were sold in 60 days or less.  Condos that are priced right for the market will sell quickly while anything overpriced will sit on the market.

Ormond By The Sea Florida condo sales volume comparison

Ormond By The Sea Florida condo sales 2017

Ormond By The Sea Florida condo sales 2017

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.  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.

https://www.ormondownersreport.com/?p=98

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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.

Ormond Owners Report Second Quarter 2017

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Ormond Owners Report

Second 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, Ormond Owners Report,  providing out of town Ormond By The Sea home and condo owners local information that they may not otherwise receive.  Review prior Ormond Owners Report issues at https://www.ormondownersreport.com/

BUSINESS BRIEFS

-Burger King on Atlantic Ave. south of Granada has closed.

-Delivery service is now available for Publix and ABC liquors through https://www.instacart.com/

LOCAL NOTES
-The tugboat that was in the river at San Jose Drive for almost 20 years has been taken away to a salvage yard in Texas.
-Hard Rock Hotel will be taking over the former Desert Inn building at 900 N Atlantic Ave which is undergoing renovations and hopes to open later this year.
-The Streamline Hotel in Daytona beach has reopened following extensive renovations.

Ormond By The Sea Florida mid-year sales analysis 2017

This table shows the condos sold in Ormond By The Sea Florida for the first 6 months of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS).  The average $ per square foot has been increasing for several years.  Average sale price has increased again.  Both of those are good indicators for the market.  

Year Sales Low $ High $ Average sold $ Average

ask $

 Average

Sq. Ft

 Sq. Ft. avg $ Avg DOM
2017 55 87,500 543,000 225,326 236,444 1410 180 112
2016 51 67,500 585,000 212,327 222,365 1237 172 127
2015 53 47,500 360,000 157,656 167,025 1217 131 163
2014 54 37,500 322,725 152,806 161,269 1203 127 106
2013 55 65,000 390,000 154,222 167,058 1236 125 122
2012 39 37,000 395,000 136,588 148,156 1208 113 108
2011 17 40,425 284,000 $144,320 152,898 1260 121 94
2010 10 50,000 550,000 195,211 227,900 1399 139 226
2009 12 95,000 474,900 209,027 234,864 1204 174 196
2008 11 137,000 210,000 169,490 187,000 985 172 133
2007 8 130,000 345,000 257,875 273,550 1233 209 81

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.

 

Ormond Owners Report First Quarter 2017

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Ocean View Realty Group Office location in Ormond By The Sea Florida.

ORMOND OWNERS REPORT

First 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.  Visit OrmondOwnersReport.com to view prior Ormond Owners Report versions.

BUSINESS BRIEFS

-Heffers Twoo restaurant has closed.
-Crab Island Cafe is now open in the space vacated by Heffers Twoo.
-Ocean View Realty Group has added a web site for Indies House vacation rentals at http://www.indieshousecondo.com/

LOCAL NOTES
–The Daytona Beach Convention Hotel and Condo has broken ground at A1A and Oakridge Blvd in Daytona Beach.  The project includes 501 hotel rooms and 128 condo units.  
-Bass Pro Shops is now open across the street from the speedway at One Daytona.

Ormond By The Sea Florida first 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 several years except for last year and values are increasing . Both of those are good indicators for the market.  

Year #Sales Low $ sold High $ sold Avg $ sold Avg ask $ Avg Sq. ft. $/sq. ft. Avg

DOM
2017 24 87,500 470,000 207,647 218,355 1353 170 110
2016 17 75,000 585,000 204,318 212,718 1324 154 129
2015 20 63,000 350,000 171,980 180,175 1403 123 198
2014 23 37,500 322,725 145,710 157,717 1316 111 136
2013 27 65,000 210,000 129,356 137,255 1154 112 218
2012 14 48,000 275,000 156,100 137,594 1329 104 163
2011 16 40,425 284,000 144,320 152,897 1420 102 220
2010 9 50,000 550,000 195,211 227,900 1658 118 429
2009  11 95,000 474,900 209,027 234,864 1335 157 408
2008 10 137,000 224,900 169,490 187,000 1031 164 426

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 or outside Florida toll free call 1-800-356-3409. 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.

 

ORMOND OWNERS REPORT Fourth Quarter 2016 HELLO FROM ORMOND BY THE SEA FLORIDA

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ORMOND OWNERS REPORT

Fourth Quarter 2016

HELLO FROM ORMOND BY THE SEA FLORIDA

Ocean View Condominium Rental Group, Inc. also doing business as Ocean View Realty Group publishes this quarterly newsletter providing out of town Ormond By The Sea home and condo owners a source of local information that they may not otherwise receive.

BUSINESS BRIEFS

– Ocean View realty group has redesigned their website to bring it up to date with the latest technology.  All the same great information about Ormond by The Sea and sales and rentals of homes and condos is still there.  Go take a look at the result of our efforts.  WWW.OVREALTY.COM  

– Jimmy Hula’s “surf shack” restaurant is now open at 191 E Granada in Granada Plaza.
– 2017 wall calendars are still available at the Ocean View Realty Group office.  Stop in and  get yours when you are in town while supplies last.

LOCAL NOTES

– Tanger Outlet mall is now open at LPGA Blvd and I-95 with over 75 brands including restaurants.  
– Skyzone Trampoline Park is open on International Speedway Blvd., the site of the former K-Mart.
– Cobb Theater has opened at One Daytona on International Speedway Blvd. across from the speedway.
Ormond By The Sea Florida condo sales analysis 2016
This table shows the condos sold in Ormond By The Sea Florida in 2016 through the Daytona Beach Area Realtors® Multiple Listing Service (MLS) compared to prior years.  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.

Year Sales Lowest$ Highest$ Avg Ask$ Avg Sold$ Sold$/SqFt Avg DOM
2006 43 117,000 810,000 331,372 313,114 241 164
2007 50 110.000 830,000 322,152 294,016 223 241
2008 41 110,000 720,000 227,475 204,355 175 274
2009 59 50,000 595,000 197,940 176,553 147 200
2010 66 47,251 550,000 168,106 150,428 117 271
2011 79 40,425 495,000 166,589 151,610 115 188
2012 79 37,000 380,000 164,918 152,183 126 196
2013 109 62,000 390,000 176,437 165,225 136 205
2014 115 37,500 490,000 181,599 171,151 142 129
2015 109 47,500 499,000 189,378 179,503 149 144
2016 121 67,500 585,000 229,334 219,265 174 135

 

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 vacation rental information at ovrentals@aol.com.  Rhonda Lehnen is our Realtor® and can help with leasing, buying or selling ovforsale@aol.com.

Ormond Owners Report Third Quarter 2016

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ORMOND OWNERS REPORT

Third Quarter 2016

HELLO FROM ORMOND BY THE SEA FLORIDA

Ocean View Condominium Rental Group, Inc. also doing business as Ocean View Realty Group publishes this quarterly newsletter providing out of town Ormond By The Sea home and condo owners a source of local information that they may not otherwise receive.

BUSINESS BRIEFS

– Beachside Brew Pub is now open at 1368 Ocean Shore Blvd, the former ABC liquor building.

– There was a mandatory evacuation prior to Hurricane Mathew and we were without internet, phones and electric for a week after the storm.

LOCAL NOTES
– 2017 wall calendars are now available at the Ocean View Realty Group office.  Stop in and
 get yours when you are in town while supplies last.
– The Veterans Museum has relocated to the 2nd floor at 166 S Beach St. Daytona Beach.
– Hard Rock may not be coming to Daytona beach.  The project is on hold and may be dead.

Hurricane Mathew update

-We made it through Hurricane Mathew and it could have been much worse.  There are sections of the dunes that were eroded by the storm and a section of A1A was taken out.
Many trees, signs and fences were destroyed and some homes have damages roofs and
broken windows.  Repairs to the road and dunes is underway as is a major effort to remove
all the downed trees.  Some oceanfront hotels are closed due to water damage and some are open but the pool areas are closed.

-A1A in Flagler County which sustained major damage in many areas will take much longer.  An emergency fix will allow reopening to vehicle traffic as a two-lane road in three to four months.  There has been no word as to a more permanent fix.

Ormond By The Sea Florida 3rd Quarter condo market 2016
There are 42 condos for sale in Ormond By The Sea florida as of September 30, 2016 ranging in price from $95,000 to $525,000 with an average asking price of $229,000.
The inventory of condos for sale has remained relatively low only fluctuating up or down by a few over the past several months. There were 53 Ormond By The Sea condos for sale at the beginning of 2012 and 57 at the beginning of 2013.  At the beginning of this year there were 51 for sale.

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 or outside Florida toll free call 1-800-356-3409. 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.

ORMOND OWNERS REPORT Second Quarter 2016

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ORMOND OWNERS REPORT

Second Quarter 2016

HELLO FROM ORMOND BY THE SEA FLORIDA

Ocean View Condominium Rental Group, Inc., doing business as Ocean View Realty Group publishes this quarterly newsletter providing out of town Ormond By The Sea Florida home and condo owners a source of local information that they may not otherwise receive.

 

BUSINESS BRIEFS

-Jus’ Beachy (Peckers Pub) has downsized to a single storefront at the same location at 1350 Ocean Shore Blvd.

-Espos restaurant is now open at 1064 Ocean Shore Blvd.

 

LOCAL NOTES
–The City of Ormond beach is planning to build a floating dock 150 feet into the river at Cassen park, allowing boats to dock on either side.  Cassen Park is at the southwest corner of the granada bridge. Completion is scheduled for 2018.
-The drawbridge on Orange Ave. (Silverbeach Ave. from A1A)  is being dismantled and replaced with a high rise bridge.  Completion is planned for 2019.

Ormond By The Sea Florida mid-year condo sales analysis 2016

This table shows the condos sold in Ormond By The Sea Florida for the first 6 months of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS)

Year Sales Low $ High $ Average sold $ Average

ask $

 Average

Sq. Ft

 sq. Ft. avg $ Avg DOM
2016 51 67,500 585,000 212,327 222,365 1237 172 127
2015 53 47,500 360,000 157,656 167,025 1217 131 163
2014 54 37,500 322,725 152,806 161,269 1203 127 106
2013 55 65,000 390,000 154,222 167,058 1236 125 122
2012 39 37,000 395,000 136,588 148,156 1208 113 108
2011 17 40,425 284,000 $144,320 152,898 1260 121 94
2010 10 50,000 550,000 195,211 227,900 1399 139 226
2009 12 95,000 474,900 209,027 234,864 1204 174 196
2008 11 137,000 210,000 169,490 187,000 985 172 133
2007 8 130,000 345,000 257,875 273,550 1233 209 81

 

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 or outside Florida toll free call 1-800-356-3409. 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.