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 café 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.
- 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 café 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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