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.