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Wednesday, September 02, 2015

Ormond Owners Report

Ormond Owners Report
Second Quarter 2015
Hello From Ormond By The Sea Florida


Ocean View Condominium Rental Group, Inc. also doing business as Ocean View Realty Group publishes this informative newsletter each quarter and sends it to out of town Ormond By The Sea Florida property owners. Ocean View Realty Group provides non-resident owners a source of local information that they may not otherwise receive. If you have comments, questions or suggestions do not hesitate to contact Ocean View Realty Group. Go to http://www.ormondownersreport.com/ to sign up to receive an email each time a newsletter is published.


BUSINESS BRIEFS
- The Oceanic Motel, built in 1952 at 1059 Ocean Shore Blvd has been sold for $1.4 million. Plans are to demolish the buildings and build a clubhouse with restrooms and a pool for use by residents of a new community near LPGA Blvd.


LOCAL NOTES
- I-95 From Daytona Beach to New Smyrna Beach is being widened to 3 lanes in each direction.
- A new interchange is being added to I-95 in Flagler County at Matanzas.
-Work continues widening I-4 and will last many more months.
-Jet Blue will offer 1 daily non stop between Daytona Beach and JFK in NY beginning in January.
-The hard rock hotel and cafĂ© was on hold awaiting a decision on beach driving in front of the property.   The county has decided to ban vehicles and allow the $150 million project to go forward.  Construction should begin next year.
-A Westin hotel, is scheduled for completion in 2017 at the former Desert Inn site.
-A new Hilton Garden Inn is expected to be open this summer at 2650 N Atlantic Ave. Daytona Beach.
Ormond By The Sea Florida mid-year condo sales analysis
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) and compares previous years.
Year
Sales
Low $
High $
Avg sold
Avg ask $
Avg Sq. Ft
per sq. Ft
Avg DOM
2015
53
47,500
360,000
157,656
167,025
1217
$131
163
2014
54
37,500
322,725
$152,806
161,269
1203
$123
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

Contact Ocean View Realty Group If you need information to help you buy, sell or rent your Ormond By The Sea home or condo. Lots of information is available on 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 a toll free call 1-800-356-3409. Email Deanna or Jeanne for rental information at ovrentals@aol.com Rhonda Lehnen is our Realtor® and can help with buying, leasing or selling. Email Rhonda at ovforsale@aol.com.

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Al Raymondi, Broker and owner of Ocean View Realty Group was born in Quincy, MA and graduated from Quincy High School in 1963. He served the the U.S. Air Force including January to December 1966 at the 6924 Security Squadron in Danang Vietnam. Al worked for over 20 years at Blue Cross & BLue Shield of Mass. in Boston on the Medicare program for MA, ME, NH, and VT. He was married to the late Diane (McQuiggan, of Jamaica Plain, MA.) and lived in Quincy, Carver, and Brockton MA prior to relocating to Ormond Beach, FL in 1989. Al and Diane are the proud parents of Scott & Susan, both graduates of Brockton High School, Brockton, MA. Scott served the the Air Force for 4 years as a Jet Engine Mechanic at Langley AFB. He now resides in Palm Coast,FL and has 2 children, Scott Jr. & Samantha. Susan graduated Bridgewater State College, earned her CPA, and is currently residing in Huntington Beach Ca. with her husband Chris Haberl and their two sons, Max and Jake.  Scott Jr was in the US Navy and has a son Scott III and a daughter Hannah.  Al is the Broker for Ocean View Realty Group in Ormond By The Sea Florida. Al's brother Dan and sister Grace still reside in Quincy, Mass.
 
Ocean View Realty Group in Ormond By The Sea Florida helps buyers and sellers in the local real estate market and also provides rental services including vacation rental homes and condos.