Real Estate Market Updates

Ormond Beach Real Estate Market watch The Florida Association of Realtors recently released statistics for March 2006. According to their figures for Volusia and Flagler Counties single family existing home sales were off for the 3rd consecutive monthe when compared to last year. 2006 saw 31% fewer sales but the good news is the the mediasn sales price increased 18%. Nationally the median sales price increased 7.4% in March as compared to 2005. Statewide the median price rose 17% while sales were off 22%. The U.S. Commerce Dept. recently reported that sales of new homes ion March were up but the median price dropped 22%.

Ormond By The Sea Newsletter

Ocean View Realty Group mails (yes, snail-mail) a newsletter to many Ormond Beach and Ormond By The Sea Real Estate Owners 4 times each year. Our intent is to provide information to these owners that they may otherwise not receive. Local owners have many options for receiving this information but most out of town owners only get this newsletter. Any portions of the newsletter that were previously posted here have been deleted. ORMOND OWNERS REPORT FIRST QUARTER 2006 HELLO FROM ORMOND-BY-THE-SEA BUSINESS BRIEFS -Stellas on the Beach has closed, and Kahunas with new owners is now open. -Christian Book Store has opened at 1460 Ocean Shore Blvd. -The Holly Hill Farmer’s Market lasted less than 6 months and is closed. -Bath Designs and Gadzooks stores have closed at the Volusia Mall. -Zaxby’s has closed at 250 S. Atlantic Ave. in Ormond Beach. -Bonefish Grill is now open at 814 S. Atlantic Ave. in Ormond Beach. LOCAL NOTES -Marineland has reopened after 2 years of construction and remodeling. -The old Happy Whale Restaurant (across from Alfies) has been demolished. Volusia County has purchased the property and plans to make it into a landscaped parking lot with rest rooms and sitting areas. -Marriott has opened a Residence Inn on Richard Petty Blvd., near the airport. -Repairs to the Flagler Beach Pier, damaged by the 2004 hurricanes are now complete. -The Grand, a proposed 420’ high 42 story resort building is planned for Atlantic Ave. and Oakridge Blvd. -There are currently 2,252 condo units in 19 buildings under construction in the Daytona Beach Area. -University of Phoenix has opened a campus at the Cornerstone Office Park at the intersection of LPGA and Williamson Blvd. They expect to have 500 students within 5 years. -Volusia Marketplace will be the name for the shopping center opening later this year in the old Builders Square building that closed 7 years ago. Initial plans are for a Mexican Grill, Panera Bread, Arts & Crafts and Linen Outlet all to open by this fall. -Halifax Medical Center has announced plans to expand its facility at the current site. A new 10 story tower will be added by 2009. The expansion will add 204 new private rooms and 107 emergency department rooms. -The County effort to stabilize the dunes in front of Sunny Beach Club and Villa Sereno (2730-2750 Ocean Shore Blvd.) was helped along by residents and volunteers planting approximately 1,000 sea oats plants. -University of Florida researchers estimate 1100 people are moving to Florida every day. -The Historic Ormond by the Sea Scenic Trail Corridor Advocacy Group expects to receive approval for making part of A1A, John Anderson Drive and Highbridge Rd. a Scenic Highway, paving the way for state grants for improvements. -Agreement has been reached between the developer and the last business hold- outs to allow the Boardwalk Revitalization Project to move forward. Plans call for twin condo- hotel towers with up to 500 rooms and restaurants and retail stores on the ground floor. -Hilton has opened a 94-unit Homewood Suites Hotel on Bill France Blvd. -Florida State University, in an agreement with DBCC and Halifax Medical Center plans to train 40 Medical Students here beginning in 2008. -Nova Shoppes, just south of Granada on Nova Road is now open. Tenant Restaurants include Tijuana Flats, Smoothie King, Firehouse Subs, Little Caesars Pizza, and Tokyo Japanese Steakhouse. Other Tenants include a Dollar Store and Atchley Appliance and TV.

Volusia County Real Estate tax Lien sale

Bidding closes May 31, 2006 for this year's sale of certificates for delinquent Real Estate taxe. The sale is conducted on-line at www.bidvolusia.com and descriptions, photos, ans maps are available on the web site.Buyers bid the lowest interest rate they are willing to accept. Individuals can avoid having their certificate sold by paying the tax and interest and penalties by May 30, 2006.

Ormond By The Sea Real Estate Market update April 22,2006

Ormond By The Sea Real Estate Market update April 22,2006 We now have 99 Ormond By The Sea Condos for sale in MLS. There are also7 pending closing. 2006 year to date 6 Ormond By The ea Condos have sold as compared to 43 for the same time period last year. The inventory of condos for sale is continuing to rise slowly as properties stay on the market longer. The single fmily home inventory is also rising with 216 homes currently for sale in Ormond By The Sea. You can search the Daytona Beach Area Multiple listing service through Marion O’Connor’s Realtor web site http://fl.living.net/realtor/marion or use the search MLS link below. For additional information about Ocean View properties for sale and lease visit our web site at www.ovrealty.com. To discuss buying, selling, or renting Ormond Beach and Ormond by the Sea property contract Marion O’Connor at 800-356-3409, ovforsale@aol.com or 386-441-8245.

Ormond By The Sea Condo Market update April 10, 2006

There are now 95 condos for sale in MLS in Ormond by the Sea. 7 units are pending closing. Some of the sellers have recently reduced their price from the 320’s to under 300,000 and a couple of those now have a contract and are pending closing. There are currently 207 single-family homes for sale in Ormond by the Sea with asking prices ranging from $172,000 to $2.9 million. You can search the Daytona Beach Area Multiple listing service through Marion O’Connor’s Realtor web site http://fl.living.net/realtor/marion or use the search MLS link below. For additional information about Ocean View properties for sale and lease visit our web site at www.ovrealty.com. To discuss buying, selling, or renting Ormond Beach and Ormond by the Sea property contract Marion O’Connor at 800-356-3409, ovforsale@aol.com or 386-441-8245.

Ocean View Realty Group expands web sites

Ocean View has enhanced our web site at www.ovrealty.com and added information and photos for properties for sale and lease. Customers may also search the Daytona Beach Area MLS with one click from the site. We have also added more photos of our rental properties to our rental web site at www.ormondbeachcondorentals.com. The rental web site has 10 pages packed with photos and information. If you prefer you can contact Ocean View to buy, sell or rent Ormond by the Sea properties by calling 1-800-356-3409 toll free from the USA and Canada.

Real Estate Market update

Real Estate Market Update National Association of Realtors statistics for February, 2006 show Florida home sales trailing national sales of exhausting homes. Florida sales reported by the Florida Association were 20% lower than in February 2005. There was one sale closed for Ormond by the Sea condos in February. There are currently 89 Ormond by the Sea Condos for sale in MLS. For additional information about the Ormond Beach and Ormond by the Sea Real Estate market contact Marion O’Connor Ocean View Realty Group ovforsale@aol.com. 1-800-356-3409 386-441-8245 Or visit our web site at www.ovrealty.com

Ocean View Realty Staff addition

Marion O’Connor has rejoined Ocean View Realty Group as a Realtor Associate. Ocean View is at 1350A Ocean Shore Blvd. (House of Donuts Plaza) and has operated from the same location since 1991specializing in Ormond by the Sea sales and rentals. Ms. O’Connor was previously with Ocean View from 1998 until taking full time nursing position in 2002. Ms O’Connor, originally from Portland Maine, has over 30 years of nursing experience and will be responsible for sales and long-term leases for residential homes and condominiums. She will concentrate on the Ormond Beach and Ormond by the Sea area. Ms. O’Connor received her Florida Real Estate License in 1997 and has since split her time between nursing and real estate. She is a member of the Daytona Beach Area Association of Realtors. For further information contact: Marion O’Connor or Al Raymondi Ocean View Realty Group 386-441-8245 386-441-2407 Fax ovforsale@aol.com For additional information about Ocean View visit our web site at www.ovrealty.com

Ormond By The Sea Home for Sale

29 Wisteria Dr. Well maintained home in beautiful Ormond by the Sea. Could make the family room a 3rd bedroom. Laundry in the 2 car garage. Quiet area within walking distance to the beach. Screened porch with kitchen window pass through for easy outdoor dining. $279,900 For additional information and your private showing contact Ocean View Realty Group. 1350 Ocean Shore Blvd. Ormond Beach Fl 32176 1-800-356-3409 386-441-8245 ovrealty@aol.com www.ovrealty.com

Ormond By The Sea Condo for sale

Seascape Condo unit 406 $354,900 Spacious 2 bedroom 4th floor condo that is the ultimate in interior design. Effective use of mirrors and plants make an inviting atmosphere. Secure building with underground parking make it stress fee. Storm shutters add to your security during severe weather. Fabulous ocean views make this an easy choice. Being sold full furnised and equipped. Sip your favorite beverage while overlooking the beautiful Atlantic Ocean from your private balcony. Other features include a wet bar and inside laundry. $354,900. For additional information about this and other Ormond By The Sea properties for sale and for rent contact Ocean View Realty Group. ovrealty@aol.com www.ovrealty.com 1-800-356-3409 or 386-441-8245