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
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.