Real Estate statistics for May. 2006

VOLUSIA COUNTY REAL ESTATE STATISTICS FOR MAY, 2006 The median sales price of a single family home in Volusia County rose to $231,500 in May, 2006. The statewide Florida median is $256,400. Condo sales in May were down 30% and the median sales price declined 17% to $222,500 as compared to last year. Ormond By the Sea Condo sales (2 bedroom 2 bath across from the ocean) May 2004 Sold 3 average sale price $206,000 – Average days to sell is 48 May 2005 Sold 9 average sale price $233,000 – Average days to sell is 68 May 2006 Sold 2 average sale price $254,000 – Average days to sell 168 There were no direct oceanfront condo sales closed in May 2006. The above sales information was taken from the Daytona Beach Area Association of Realtors MLS. For additional information about the value of your condo in the current market or to discuss purchasing Ormond By The Sea property contact Ocean View Realty Group or visit our web site at http://www.ovrealty.com/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group 1350 Oceanshore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 800-356-3409 Vacation rental information is at www.ormondbeachcondorentals.com

Volusia County Property values

County property appraisers provide property value information to local governments by July 1 of each year. This year the total Volusia County taxable value reached 838 billion. There have been ten consecutive years of increases with 2006 setting a new record at 28% increase. Flagler County values hit $10.9 Billion, a 37% increase. Volusia taxes will increase $171 Million if tax rates are kept the same as last year.

For information about Ormond Beach and Ormond By the Sea homes and condos for sale or rent, contact Ocean View Realty Group or visit our web site at www.ovrealty.com.

Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com

Ocean View Realty Group 1350 Oceanshore Blvd. Suite A Ormond Beach, Fl 32176

386-441-8245 Fax 386-441-2407 Toll free USA & Canada 800-356-3409

Vacation rental information is at www.ormondbeachcondorentals.com

IRA FUNDS BUY REAL ESTATE

IRA FUNDS BUY REAL ESTATE Did you know you can use your IRA to buy investment Real Estate? By creating a self-directed IRA it is possible and legal. The IRA must buy the property so you probably cannot use it for property you already own or property on which you have made a deposit to purchase. If you are thinking of buying a home or condo in Ormond by the Sea contact Marion O'Connor to get the information you need to unlock your IRA. Ocean View Realty 1350A Ocean Shore Blvd. Ormond Beach, FL 1-800-356-3409 1-386-441-2407 Fax ovforsale@aol.com Marion's email

Volusia County Florida Growth

Estimates are that approximately 27,000 new residents move to Volusia County each year. Subtract the 18,000 who leave and the population grows by almost 25 new residents every day. During the years 2000 to 2004 the net gain in All Florida for those moving from other states was an average of 190,894 per year. Lots of folks trying to get a piece of the "Sunshine State." For information about relocating to the greater Daytona Beach Area, Ormond Beach and Ormond by the Sea contact Ocean View Realty Group at 1-800-356-3409 or visit our web site at www.ovrealty.com or email us at ovrealty@aol.com.

Florida Real Estate Market Update for April, 2006

Existing home sales in Florida were down in April for the 5th Consecutive month. 31% fewer homes and 37% fewer condos changed hands as compared to April of 2005. The median price of homes increased 13% to $249,700 and for condos it went up 4% to $222,900. Figures are from the Florida Association of Realtors. For All of your Ormond Beach and Ormond by the Sea Real Estate needs - sales and rentals contact Ocean View Realty Group today. Call 1-800-356-3409 or 1-386-441-8245. Or visit our office at 1350A Ocean Shore Blvd., Ormond by the Sea, FL 32176. If you are buying or selling email Marion at ovforsale@aol.com. For rental information contact Deanna at ovrentals@aol.com.

2005 Florida Home Buyers & Sellers Survey

A 2005 National Association of Realtors Survey of Florida home buyers and sellers found the 29% of sellers chose to sell without a Realtor. The median sale price for those sellers was $210,000. The median sales price for those using a Real Estate Professional was $255,000. So are you really saving money by selling your home or condo without a realtor? If you are thinking of buying or selling an Ormond Beach or Ormond by the Sea home or condo contact Marion O'Connor at Ocean View Realty Group today at www.ovrealty.com or http://fl.living.net/realtor/marion 1350A Ocean Shore Blvd. Ormond Beach, FL 32176 1-800-356-3409 1-386-441-8245 1-386-441-2407 Fax

Ormond by the Sea Real Estate Market Analysis

Here's my take on the current Ormond by the Sea Real Estate Market. The slowdown in the current Real Estate Market has talk again about that big "Bubble" bursting. I don't see it that way. Many investors were speculating in Real Estate over the past few years due to the rapid increase in property values. What they wound up doing was to make the values increase even faster due to the demand they created. Most of the investors that were able to sell will put their profits into the stock market or elsewere now since the Real Estate Market has slowed. The Real Estate Market performed well prior to the influxs of speculators and I believe that following a "correction" that we are now experiencing properties will once again be selling. When property values are increasing quickly and properties for sale recieve multiple bids buyers have few choices. Now that things have slowed buyers have many more properties from shich to choose. Florida has no state income tax on earned personal income. Maybe that's why over 1,000 people move to Florida each day, or maybe the weather has something to do with it. There are many reasons for people to migate to Florida nad with the baby boomer generation reaching retirement age there appears to be reason to believe that the Ormond by the Sea Real Estate Market will be very strong again soon. For additional information about Ormond Beach and Ormond by the Sea Real Estate contact Marion O'Connor at Ocean View Realty Group 1-800-356-3409 or ovforsale@aol.com . Information about Ocean view is on our web site at www.ovrealty.com or our rental web site at www.ormondbeachcondorentals.com. If you are looking to buy a home or condo in Ormond Beach or Ormond by the Sea you can search our Daytona Beach Area Multiple Listing Service (MLS) at Http://fl.living.net/realtor/marion.

Ormond Beach Home for sale

Ormond Beach home for sale 39 Seaside Dr 2 Bedroom 1 bath Bungalow close to the beach in Ormond By The Sea. Updated kitchen, fresh paint and carpet. Ceiling fans. Utility room with washer and dryer hookups. Fenced back yard. $189,000. Contact Ocean View today for additional information and your private showing. Toll free--USA and Canada 800-356-3409 Phone 386-441-8245 fax 386-441-2407 ovforsale@aol.com www.ovrealty.com

Fastest Growing County in the USA

According to U.S. Census Bureau figures Flagler County, The neighbor to the north of Ormond by the Sea, for the second consecutive year, is the fastest growing by percentage. For the period ending July 2005 the County population grew 53% since the 2000 census.

Condo Association Windstorm Insurance

Volusia County oceanfront condo Associations can expect windstorm insurance rates to increase up to 222% this year. 8 Hurricanes in the past 2 years caused insurance losses over $30 Billion. The state will contribute hundreds of millions of dollars toward the losses of the Citizens Property Insurance Corp., the state backed insurance of last resort, and policyholders will be expected to pay the rest.