Friday, November 09, 2018

Ormond By The Sea Owners Report for 3rd Quarter 2018

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.

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