Ormond Owners Report
Second Quarter 2017
HELLO FROM ORMOND BY THE SEA FLORIDA
Ocean View Condominium Rental Group, Inc. also dba Ocean View Realty Group publishes this 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
-Burger King on Atlantic Ave. south of Granada has closed.
LOCAL NOTES
-The tugboat that was in the river at San Jose Drive for almost 20 years has been taken away to a salvage yard in Texas.
-Hard Rock Hotel will be taking over the former Desert Inn building at 900 N Atlantic Ave which is undergoing renovations and hopes to open later this year.
-The Streamline Hotel in Daytona beach has reopened following extensive renovations.
Ormond By The Sea Florida mid-year sales analysis 2017
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). The average $ per square foot has been increasing for several years. Average sale price has increased again. Both of those are good indicators for the market.
-The tugboat that was in the river at San Jose Drive for almost 20 years has been taken away to a salvage yard in Texas.
-Hard Rock Hotel will be taking over the former Desert Inn building at 900 N Atlantic Ave which is undergoing renovations and hopes to open later this year.
-The Streamline Hotel in Daytona beach has reopened following extensive renovations.
Ormond By The Sea Florida mid-year sales analysis 2017
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). The average $ per square foot has been increasing for several years. Average sale price has increased again. Both of those are good indicators for the market.
Year
|
Sales
|
Low $
|
High $
|
Average sold $
|
Average
ask $
|
Average
Sq. Ft
|
Sq. Ft. avg $
|
Avg DOM
|
2017
|
55
|
87,500
|
543,000
|
225,326
|
236,444
|
1410
|
180
|
112
|
2016
|
51
|
67,500
|
585,000
|
212,327
|
222,365
|
1237
|
172
|
127
|
2015
|
53
|
47,500
|
360,000
|
157,656
|
167,025
|
1217
|
131
|
163
|
2014
|
54
|
37,500
|
322,725
|
152,806
|
161,269
|
1203
|
127
|
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
|
2009
|
12
|
95,000
|
474,900
|
209,027
|
234,864
|
1204
|
174
|
196
|
2008
|
11
|
137,000
|
210,000
|
169,490
|
187,000
|
985
|
172
|
133
|
2007
|
8
|
130,000
|
345,000
|
257,875
|
273,550
|
1233
|
209
|
81
|
Contact Ocean View Realty Group to help you buy, sell or rent your Ormond By The Sea home or condo. Visit our web site 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 Florida.
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