2005 Florida Home Buyers & Sellers Survey

A 2005 National Association of Realtors Survey of Florida home buyers and sellers found the 29% of sellers chose to sell without a Realtor. The median sale price for those sellers was $210,000. The median sales price for those using a Real Estate Professional was $255,000. So are you really saving money by selling your home or condo without a realtor? If you are thinking of buying or selling an Ormond Beach or Ormond by the Sea home or condo contact Marion O'Connor at Ocean View Realty Group today at www.ovrealty.com or http://fl.living.net/realtor/marion 1350A Ocean Shore Blvd. Ormond Beach, FL 32176 1-800-356-3409 1-386-441-8245 1-386-441-2407 Fax

Ormond by the Sea Real Estate Market Analysis

Here's my take on the current Ormond by the Sea Real Estate Market. The slowdown in the current Real Estate Market has talk again about that big "Bubble" bursting. I don't see it that way. Many investors were speculating in Real Estate over the past few years due to the rapid increase in property values. What they wound up doing was to make the values increase even faster due to the demand they created. Most of the investors that were able to sell will put their profits into the stock market or elsewere now since the Real Estate Market has slowed. The Real Estate Market performed well prior to the influxs of speculators and I believe that following a "correction" that we are now experiencing properties will once again be selling. When property values are increasing quickly and properties for sale recieve multiple bids buyers have few choices. Now that things have slowed buyers have many more properties from shich to choose. Florida has no state income tax on earned personal income. Maybe that's why over 1,000 people move to Florida each day, or maybe the weather has something to do with it. There are many reasons for people to migate to Florida nad with the baby boomer generation reaching retirement age there appears to be reason to believe that the Ormond by the Sea Real Estate Market will be very strong again soon. For additional information about Ormond Beach and Ormond by the Sea Real Estate contact Marion O'Connor at Ocean View Realty Group 1-800-356-3409 or ovforsale@aol.com . Information about Ocean view is on our web site at www.ovrealty.com or our rental web site at www.ormondbeachcondorentals.com. If you are looking to buy a home or condo in Ormond Beach or Ormond by the Sea you can search our Daytona Beach Area Multiple Listing Service (MLS) at Http://fl.living.net/realtor/marion.

Ormond Beach Home for sale

Ormond Beach home for sale 39 Seaside Dr 2 Bedroom 1 bath Bungalow close to the beach in Ormond By The Sea. Updated kitchen, fresh paint and carpet. Ceiling fans. Utility room with washer and dryer hookups. Fenced back yard. $189,000. Contact Ocean View today for additional information and your private showing. Toll free--USA and Canada 800-356-3409 Phone 386-441-8245 fax 386-441-2407 ovforsale@aol.com www.ovrealty.com

Fastest Growing County in the USA

According to U.S. Census Bureau figures Flagler County, The neighbor to the north of Ormond by the Sea, for the second consecutive year, is the fastest growing by percentage. For the period ending July 2005 the County population grew 53% since the 2000 census.

Condo Association Windstorm Insurance

Volusia County oceanfront condo Associations can expect windstorm insurance rates to increase up to 222% this year. 8 Hurricanes in the past 2 years caused insurance losses over $30 Billion. The state will contribute hundreds of millions of dollars toward the losses of the Citizens Property Insurance Corp., the state backed insurance of last resort, and policyholders will be expected to pay the rest.

Real Estate Market Updates

Ormond Beach Real Estate Market watch The Florida Association of Realtors recently released statistics for March 2006. According to their figures for Volusia and Flagler Counties single family existing home sales were off for the 3rd consecutive monthe when compared to last year. 2006 saw 31% fewer sales but the good news is the the mediasn sales price increased 18%. Nationally the median sales price increased 7.4% in March as compared to 2005. Statewide the median price rose 17% while sales were off 22%. The U.S. Commerce Dept. recently reported that sales of new homes ion March were up but the median price dropped 22%.

Ormond By The Sea Newsletter

Ocean View Realty Group mails (yes, snail-mail) a newsletter to many Ormond Beach and Ormond By The Sea Real Estate Owners 4 times each year. Our intent is to provide information to these owners that they may otherwise not receive. Local owners have many options for receiving this information but most out of town owners only get this newsletter. Any portions of the newsletter that were previously posted here have been deleted. ORMOND OWNERS REPORT FIRST QUARTER 2006 HELLO FROM ORMOND-BY-THE-SEA BUSINESS BRIEFS -Stellas on the Beach has closed, and Kahunas with new owners is now open. -Christian Book Store has opened at 1460 Ocean Shore Blvd. -The Holly Hill Farmer’s Market lasted less than 6 months and is closed. -Bath Designs and Gadzooks stores have closed at the Volusia Mall. -Zaxby’s has closed at 250 S. Atlantic Ave. in Ormond Beach. -Bonefish Grill is now open at 814 S. Atlantic Ave. in Ormond Beach. LOCAL NOTES -Marineland has reopened after 2 years of construction and remodeling. -The old Happy Whale Restaurant (across from Alfies) has been demolished. Volusia County has purchased the property and plans to make it into a landscaped parking lot with rest rooms and sitting areas. -Marriott has opened a Residence Inn on Richard Petty Blvd., near the airport. -Repairs to the Flagler Beach Pier, damaged by the 2004 hurricanes are now complete. -The Grand, a proposed 420’ high 42 story resort building is planned for Atlantic Ave. and Oakridge Blvd. -There are currently 2,252 condo units in 19 buildings under construction in the Daytona Beach Area. -University of Phoenix has opened a campus at the Cornerstone Office Park at the intersection of LPGA and Williamson Blvd. They expect to have 500 students within 5 years. -Volusia Marketplace will be the name for the shopping center opening later this year in the old Builders Square building that closed 7 years ago. Initial plans are for a Mexican Grill, Panera Bread, Arts & Crafts and Linen Outlet all to open by this fall. -Halifax Medical Center has announced plans to expand its facility at the current site. A new 10 story tower will be added by 2009. The expansion will add 204 new private rooms and 107 emergency department rooms. -The County effort to stabilize the dunes in front of Sunny Beach Club and Villa Sereno (2730-2750 Ocean Shore Blvd.) was helped along by residents and volunteers planting approximately 1,000 sea oats plants. -University of Florida researchers estimate 1100 people are moving to Florida every day. -The Historic Ormond by the Sea Scenic Trail Corridor Advocacy Group expects to receive approval for making part of A1A, John Anderson Drive and Highbridge Rd. a Scenic Highway, paving the way for state grants for improvements. -Agreement has been reached between the developer and the last business hold- outs to allow the Boardwalk Revitalization Project to move forward. Plans call for twin condo- hotel towers with up to 500 rooms and restaurants and retail stores on the ground floor. -Hilton has opened a 94-unit Homewood Suites Hotel on Bill France Blvd. -Florida State University, in an agreement with DBCC and Halifax Medical Center plans to train 40 Medical Students here beginning in 2008. -Nova Shoppes, just south of Granada on Nova Road is now open. Tenant Restaurants include Tijuana Flats, Smoothie King, Firehouse Subs, Little Caesars Pizza, and Tokyo Japanese Steakhouse. Other Tenants include a Dollar Store and Atchley Appliance and TV.

Volusia County Real Estate tax Lien sale

Bidding closes May 31, 2006 for this year's sale of certificates for delinquent Real Estate taxe. The sale is conducted on-line at www.bidvolusia.com and descriptions, photos, ans maps are available on the web site.Buyers bid the lowest interest rate they are willing to accept. Individuals can avoid having their certificate sold by paying the tax and interest and penalties by May 30, 2006.