September 2007 real estate market watch

September 2007 figures from the National Association of Realtors indicated sales or existing homes were down 8% from a year earlier. For Volusia & Flagler County, the median sales price was $192,700 for September, which was down from $207,000 in September 2006. These regional & national figures are interesting but they do give a true picture of the current market in Ormond By The Sea. National and regional statistics may be usefull for identifying overall trends. But how can you otherwise get anything from a number combining sales of a 1 bedroom cabin in Maine with a 25,000 square foot mansion and a 10 million dollar oceanfront home and with a ranch house in the mid west? The Florida Associstion of Realtors median sales price for Volusia & Flagler County for 2007 year to date is $202,222. That compares very favoravble to the $204,400 figure in 2005 except that anyone with experience in the real estate market will testify that values have decreased much more than the $2,000 indicated by these statistics. Overall I get the feeling we are at the bottom of the value decrease. All we need to do is get more sellers to understand that the 2005 high prices are no longer attainable. My quick look at September 2007 shows the average of $115,000 for Ormond By The Sea homes. For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

Surfside North 2 bedroom Penthouse condo for rent in Ormond By The Sea

Fabulous ocean views from this penthouse 2-bedroom 2 bath condo. Access the balcony from the living room and Master bedroom sliders. Well coordinated use of ceramic tile and mirrors make 1105 an outstanding place to live. This condo is fully furnished and equipped and ready for occupancy. The remodeled kitchen is a sight to see and is well equipped to make meal preparation a joy. Beautiful and functional at the same time. View the river from the back walkway and get a perspective of Ormond By The Sea, the North Peninsula. Surfside Club North condo features an oceanfront pool, garage parking and security. Penthouse unit 1105 is available for annual lease at $1500 per month. Rent includes utilities other than telephone and electric. This fabulous unit may also be available for a winter rental at $2200 per month.

For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

Seascape condo 406 in Ormond By The Sea reduces price

Seascape condo unit 406 is a beautifully furnished 2 bedroom condo with storm shutters and a great view overlooking the pool and the Atlantic Ocean. The asking price has been reduced to $230,000. For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

Ormond by the Sea condo sales July - Sept. 2007

Here is my quarterly analysis of 2 bedroom 2 bath condos sold in the July to September quarter of 2007. There were 16 sales (4 other sales were 3 bedroom, or 1 bath, etc.) of those, 9 were ocean view units on the west side of A1A, 5 were directly on the beach, and 2 were townhouses. I must point out that 2 of the 16 sold were Ocean View Realty Group Listings. So if you are thinking of selling contact Marion O'Connor at ocean View to get a realistic assessment of the current market and get a hard working Realtor to help you sell. The average sale price of the 2/2 ocean view condos was about 213,000 compared to almost 263,000 in the same quarter in 2006. Aside from two very low sales in July to September 2005 all 13 of the others were $290,000 or above with 6 of those at or above $315,000. The highest price paid in 2007 was a 4th floor Ocean House end unit that sold for $275,000. For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

Gemini Condo for rent in Ormond By The Sea Florida

2 bedroom 2 ½ bath 11th floor condo at the southwest corner of the beautiful Gemini condo in Ormond By The Sea offering fabulous views of the Atlantic Ocean and Halifax river from your wrap around balcony. Gemini condos is directly on the beach. The master suite features are the private balcony with fabulous ocean views, a large walk in closet, tub and walk in shower. The 3rd bedroom has been converted to a den. Convenient to shopping. Breakfast bar, wet bar, secure entry, inside laundry, underground parking and on-site manager are just a few of the features of the beautiful condominium unit. Your elevator serves only 2 units. Gemini condo amenities include saunas, exercise room, oceanfront pool, pool table and library. Formal living room and dining room are featured in this spacious (over 1800 sq. ft.) residential condominium. All rentals are yearly. $1500 a month includes water, sewer, trash, and pest control. For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

Red Tide in Ormond By The Sea

The past couple of weeks there has been Karenia Brevis, also known as Red Tide, killing fish and making us cough in Ormond By The Sea. The dead fish are not numerous, there appear to be many more at Flagler Beach than here in Ormond By The Sea. When the wind is blowing in off the ocean, everyone outside is coughing due to the irritating algae. More information is available at http://www.redtideonline.com/ and there are links to current status, definitions and answers to many of your questions. For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

Marion O'Connor is number one realtor

Realtor Marion O'Connor at Ocean View Realty Group ranked number one in the Daytona Beach Area Association of Realtors agent market share report for the July to September quarter of 2007. The report ranks listing agents whose listings were sold by another agent. The slow market activity means that you need fewer sales to get a higher market share, but Marion has worked hard for her sellers, holding weekly open houses, keeping her listed properties "spiffed " up and continuous advertising. Congratulations to Marion on this achievement. If you are thinking of buying, selling or renting an Ormond By The Sea home or condo, contact Realtor Marion today to see how she can help you achieve your real estate goals. For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at www.ormondbeachcondorentals.com

Volusia County Florida Housing Market

Volusia County Florida Housing Market Housing starts in Volusia County, Florida averaged over 4,000 per year from 1999 to 2000. Starts for this year are expected to be around 2500 and possibley hit 3,000 in 2008. The record year was 2005 with 6453.If growth continues at the current level we would need 3600 starts to keep up according to Rick Michael, Director of the Volusia County Dept. of Economic Development. Less starts would mean that the exhisting home market would need to fill the gap. We certainly have a robust inventory of homes for sale to serve the purpose.For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Ocean Shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/

September 2007 Ormond By The Sea condo market

September 2007 Ormond By The Sea condo market Please note that the statistics I quote in these Ormond By The Sea condo market update articles are taken from the Daytona Beach Area MLS.Four condos sold in September 2007 and that compares favorably to 4 sales in 2006 and 6 sales in 2005. Only one of the 2007 sales was a 2 bedroom 2 bath across A1A from the beach and it sold for $215,000 which appears to be in the range with the past couple of months ($208,000 in July and $212,000 in August). Activity has continued at a relatively stable pace as far as potential buyers "looking" and inquiring about condos for sale. Some potential buyers may have been waiting to see if there would be a problem with hurricanes, and there was not, or if prices would go lower, and they have not. Adding low interest rates to the mix makes this a good time to buy.There are 130 condos for sale in Ormond By The Sea, of which 101 are 2 bedroom 2 bath and 79 are across A1A from the beach. Asking prices range from $183,000 at Kingston Shores to $374,000 at Sunrise. Ocean View condos (non townhouse) prices begin at $215,000. There are 42 condos (2 bedroom 2 bath) priced at $250,000 or less and 20 priced at $290,000 or more. An additional 13 condos were withdrawn from the market or had a listing contract expire in Ormond By The Sea in September 2007.For information about Ormond Beach and Ormond By The Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group1350 Ocean Shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/