Florida Real Estate Market

Economist Hank Fishkind last week indicated that he believes the worst is over for most areas of the Florida Real Estate market. Mr Fishkind said the bottom has been hit and the market will slowly return to normal activity over the coming months. One exception he noted was the Miami Condo market which will continue to see lower prices due to the overbuilding that has occurred. This is good news in the wake of recent reports that the housing market will not begin to recover until 2009. Let's hope Mr Fishkind is correct and the others are out to lunch. Ocean View Condominium Rental Group, Inc. 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 http://www.ovrealty.com/ 1-800-356-3409 Toll free USA & Canada 1-386-441-8245 Local Phone 1-386-441-2407 Fax

Ormond By The Sea Dune Washout

Recent heavy rains caused a washout of the dunes just south of Seabridge condo at 3100 Ocean Shore Blvd. 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 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 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at www.ormondbeachcondorentals.com

Volusia County Home Sales

The Florida Association of Realtors reported existing home sales down 2.9% in June 2007 compared to June 2006. The statistics are for Volusia and Flagler Counties combined. The median sales prices also fell 10%. 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 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 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at www.ormondbeachcondorentals.com

Ormond By The Sea Real Estate Prices

A survey by HouseHunt Inc. in the second quarter of 2007 polled Real Estate agents nationwide and reported that the clients of 86 percent of those polled are getting 90 percent or more of their asking prices. More than half of the agents say their clients have closed for more than 95 percent of their asking prices. So what does all this mean to Ormond By The Sea home and condo owners looking to sell? Simple, and just as I have been trying to explain to sellers, if you price your property too high it will NOT sell in this market. Buyers have too many choices and will usually not look at properties above what they anticipate spending. The old standby response of many sellers is "but they can make me an offer". Unfortunately in this market that does not happen very often so if you really would like to sell your Ormond By The Sea home or Condo you need to set the asking price where buyers are looking and buying. The 2005 values and prices are gone and will probably not return for many years. Ocean View has lost many customers recently to other agents who will tell you what you want to hear to get you to sign a contract with them. Those properties will not sell at the higher asking prices and unless the price is reduced to current market levels the owners will be disappointed. For additional information about Ormond By The Sea Real Estate contact Ocean View Realty Group 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 http://www.ovrealty.com/ Toll Free USA & Canada 1-800-356-3409 Local phone 386-441-8245 Fax 386-441-2407 For buying or selling contact Marion O’Connor at ovforsale@aol.com

Regency Plaza Direct Ocean Front Condo price reduced

Regency Plaza Condo unit 501 has reduced their price to $415,000. This is a beautiful fifth floor 2 Bedroom 2 Bath condo with a 30 foot balcony on the Ocean. 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 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 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at www.ormondbeachcondorentals.com

Hurricane Resistant Homes

Will your home withstand a hurricane? The My Safe Florida Home Program offers free inspections and grants to strengthen homes to be more resistant to storms. There are many restrictions on the inspections and grants including the age, location and value of the home and your financial status. Generally Ormond By The Sea homes valued under $300,000 are eligible if it is your primary residence. Condominiums are excluded. Additional information is available at http://www.mysafefloridahome.com/ or 866-513-6734. Volusia County Emergency Management can also help 386-254-1500. 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 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 Ocean shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245 Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/ Seawinds Penthouse vacation rental condo information is at www.SeawindsPenthouse.com Ormondy vacation rental condo information is at www.OrmondyCondo.com

Ormond By The Sea Real Estate Market-Update for June, 2007

June 2007 MLS shows 4 condos and 5 single family homes sold in Ormond By The Sea. One of the homes, a 3 bedroom 2 bath in the Seabridge Subdivision sold for $290,000 after being on the market over a year. The new Capriana condo had one 3 bedroom 3 bath sale at $620,00. Two sales were on the west side of A1A, one for $205,000 at Windemere Shores and one for $275,000 at Fairwind Shores. There are currently 138 condos and 198 homes for sale in Ormond By The Sea. If you know of anyone thinking of buying real estate in Ormond By The Sea contact Realtor Marion O'Connor at Ocean View Realty Group. We love referrals. For additional information about Ormond By The Sea Real Estate contact Ocean View Realty Group 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 http://www.ovrealty.com/ Toll Free USA & Canada 1-800-356-3409 Local phone 386-441-8245 Fax 386-441-2407 For buying or selling contact Marion O’Connor at ovforsale@aol.com For Rental information contact Deanna Thomas at ovrentals@aol.com Vacation rental information is available at http://www.ormondbeachcondorentals.com/ Ormondy Condo vacation rental information is at http://www.ormondycondo.com/ Seawinds Penthouse vacation rental information is at http://www.seawindspenthouse.com/

Seascape 408 price reduction

Seascape condo unit 408 in Ormond By The Sea is a beautiful 4th floor unit with fabulous Ocean Views. The price has been reduced to $310,000. Go to the sales page of the Ocean View realty Group web site at www.ovrealty.com or contact Realtor Marion O'Connor today for more information and your private showing.

For additional information about Ormond By The Sea Real Estate contact Ocean View Realty Group 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 http://www.ovrealty.com/ Toll Free USA & Canada 1-800-356-3409 Local phone 386-441-8245 Fax 386-441-2407 For buying or selling contact Marion O’Connor at ovforsale@aol.com For Rental information contact Deanna Thomas at ovrentals@aol.com Vacation rental information is available at http://www.ormondbeachcondorentals.com/ Ormondy Condo vacation rental information is at http://www.ormondycondo.com/ Seawinds Penthouse vacation rental information is at http://www.seawindspenthouse.com/

Seascape 303 Price reduced

Seascape Condo unit 303 in Ormond By The Sea is a 2 Bedroom 2 Bath third floor unit. The price has been reduced to $259,999. For additional information and photos go to the sales page of the Ocean View realty Group web site www.ovrealty.com This is a spacious condo unit and features underground reserved parking and inside laundry.

For additional information about Ormond By The Sea Real Estate contact Ocean View Realty Group 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 http://www.ovrealty.com/ Toll Free USA & Canada 1-800-356-3409 Local phone 386-441-8245 Fax 386-441-2407 For buying or selling contact Marion O’Connor at ovforsale@aol.com For Rental information contact Deanna Thomas at ovrentals@aol.com Vacation rental information is available at http://www.ormondbeachcondorentals.com/ Ormondy Condo vacation rental information is at http://www.ormondycondo.com/ Seawinds Penthouse vacation rental information is at http://www.seawindspenthouse.com/

Florida to license home inspectors

Gov. Crist signed a new law to license home inspectors, mold assessors and remediators. Not effective until 2010, the bill requires continuing education of the new licensees. Home inspectors, for example, will be required to take 14 hours of continuing education every two years and 120 hours of pre-license education. For additional information about Ormond By The Sea Real Estate contact Ocean View Realty Group 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 http://www.ovrealty.com/ Toll Free USA & Canada 1-800-356-3409 Local phone 386-441-8245 Fax 386-441-2407 For buying or selling contact Marion O’Connor at ovforsale@aol.com For Rental information contact Deanna Thomas at ovrentals@aol.com Vacation rental information is available at http://www.ormondbeachcondorentals.com/ Ormondy Condo vacation rental information is at http://www.ormondycondo.com/ Seawinds Penthouse vacation rental information is at http://www.seawindspenthouse.com/