Ormond Owners Report First Quarter 2018

Ormond Owners Report

First Quarter 2018

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

-Hard Rock hotel is now open at 918 N Atlantic ave. Daytona Beach.

-Ben and Jerry’s ice cream shop has opened at One Daytona.

-Landshark Bar and Grill and Cocina 214 tex mex restaurant are open at 451 S Atlantic Ave.

-A Delta hotel by Marriott is open in Daytona Beach Shores.
LOCAL NOTES
-O’hara’s has changed its name to Origins.
-Houligan’s has reopened following hurricane repairs.

Ormond By The Sea Florida condo sales analysis 1st Quarter 2018

This table shows the condos sold January 1 to March 31 in Ormond By The Sea Florida in 2018
through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS) with a comparison to
prior years.

Year	Sales	Low$	High$	Average	Avg ask	Avg sq.ft	Price/sq ft
2018	24	80,000	419,000	221,563	230,971	1207	181
2017	24	87,500	470,000	207,647	218,355	1248	166
2016	17	75,000	585,000	204,317	212,717	1184	170
2015	20	106,900	369,000	200,353	211,179	1286	159
2014	23	50,000	490,000	187,330	201,554	1229	152
2013	27	62,000	355,000	170,736	179,574	1150	148
2012	14	70,000	325,000	187,571	200,714	1312	143
2011	16	108,000	250,000	150,100	163,468	1234	121
2010	9	45,251	318,773	139,096	153,193	1242	112
2009	11	50,000	250,000	150,333	166,020	1173	128

Note the price per square foot and average sale prices are high.  Condos that are priced right for
the market will sell quickly while anything overpriced will sit on the market.

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 Florida.

Ormond Owners Report Second Quarter 2017

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.

-Delivery service is now available for Publix and ABC liquors through https://www.instacart.com/

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.  

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.