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.

Tag Archives: Yearly condo sales analysis

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.

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.