Ormond By The Sea Quarterly Newsletter For 4th Quarter 2007

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. Here is information from the newsletter recently mailed. ORMOND OWNERS REPORT FOURTH QUARTER 2007 HELLO FROM ORMOND BY THE SEA Happy New Year to all our Readers from the staff at Ocean View Realty Group. We wish you a Happy, Healthy and Prosperous 2008. Ocean View Condominium Rental Group, Inc. also doing business as Ocean View Realty Group publishes this informative newsletter each quarter and sends it to out of town Ormond By The Sea property owners. Ocean View provides non-resident owners a source of local information about the local area that they may not otherwise receive. If you have comments, questions or suggestions do not hesitate to contact us. BUSINESS BRIEFS Dr. Miguel G. Tamariz, M.D. at 1010 Ocean Shore Blvd. is accepting new patients in his Family Practice. Lenny’s N.Y. Pizza is open at 1456 Ocean Shore Blvd. The House of Donuts at 1350 Ocean Shore Blvd., is now serving sandwiches and on cold days they will have soup. La Bella Vista, a Gourmet Italian Market and Deli is open at 138 West Granada. Daytona Lagoon has added the Phoenix, a 65’ swinging thrill ride in the center of the Go-Kart track. Noah’s Butcher Shop is coming soon at Granada Plaza. Fish City Grill is now open in the back of the Trails Shopping Center. Cafee Capri Restorante is now open in the Trails Shopping Center. Tradewinds Grille is now open on Hand Ave., in Ormond Beach Pure Skin & Body Care is open at 725 W. Granada. The Purple Dragonfly Boutique is open at 1462 W. Granada. US Airways begins nonstop service to Charlotte from the Daytona Beach Airport in February. Air Tran Airways will offer nonstop service to LaGuardia from the Daytona Beach Airport in February. No new date has been announced for this seasonal service. Air Tran has also resumed a Saturday Flight to Baltimore. LOCAL NOTES An outbreak of Red Tide in early October had everyone coughing. A Holding Company of General Electric Asset Management has purchased the Hilton Daytona Beach Oceanfront Hotel at 100 N. Atlantic Ave. for $142 million. The Hotel was formally a Marriott and Adams Mark. According to State Population Data 9,195 people moved to Volusia County in the 12 month period ending September 30, 2007. Most of the new residents came from other areas in Florida. DBCC celebrated their 50th Anniversary in October 2007. Ormond Beach will be erecting "Gateway" signs at entrances to the city over the next several years. Expansion of the Ocean Center in Daytona Beach is still set to be completed next summer. The Greyhound Bus Station in Daytona Beach has seen a makeover with new paint, tile and restrooms. INC. Magazine has rated the Deltona/Daytona Beach/Ormond Beach area as the Fifth hottest place in the country for Business in medium sized cities. The Daytona Beach area CVB has launched a new Ad Campaign to promote the area as a prime tourist spot. A1A from Granada to the Flagler County line was granted Scenic Highway Designation along with the Loop. Route 1 in Ormond Beach from a few blocks north of Granada to the county line will be resurfaced beginning soon. The project should be completed next summer. Florida Hospital Ormond has topped off the new building, which is scheduled to open in July, 2009. J & P Cycles is open at 145 Destination Daytona. A new Playground is open at Fire Station 91 on Atlantic Ave. in Ormond Beach. The theme is a Fire Station and Fire Truck. ORMOND BY THE SEA CONDO MARKET In September 2007 Realtor Marion O’Connor of Ocean View realty Group had 2 of her listings sold. In November 2007, 2 more of Marion’s listing sold. Sale prices for 2 Bedroom 2 Bath Ocean View Condos on the west side of A1A were from $198,000 to $216,500. If you are thinking of selling you should speak to Marion before going any farther. Marion will work hard to help you get the results you are looking for in your sale transaction. Hard work and a realistic price can still sell a good Condo even in this difficult market. MOVING? If you are changing your address and would like to continue receiving this newsletter, please let us know the new address. CONTACT OCEAN VIEW If you need information to help you buy, sell or rent your Ormond By The Sea property. Lots of information is available on our web site www.ovrealty.com and our rental web site at www.ormondbeachcondorentals.com or call us at 386-441-8245 or outside Florida a toll free call 1-800-356-3409. Email Deanna for rental information at ovrentals@aol.com Marion is our Realtor and can help with buying or selling. Email at ovforsale@aol.com Our general email address is ovrealty@aol.com .

Villa Sereno Unit 1 Townhouse For Rent

Unfurnished. 2 bedroom 2 bath with a single car garage. The remodeled kitchen features wood cabinets. The bathrooms have been totally updated and are beautiful. $1200 monthly for a year lease. Rent includes water, sewer, basic cable and pest control. For information on this and other Ormond Beach and Ormond By The Sea vacation Rental homes and condos contact Deanna Thomas at ovrentals@aol.com. Deanna is our reservation and Customer Service Specialist. Ocean View Condominium Rental Group, Inc. 1350 Ocean Shore Blvd. Suite A Ormond Beach, FL 32176 www.ovrealty.com 1-800-356-3409 Toll free USA & Canada 1-386-441-8245 Local Phone 1-386-441-2407 Fax More Ormond by The Sea vacation rental information is at our rental web site at www.ormondbeachcondorentals.com. For buying or selling Ormond By The Sea real estate contact our Realtor Marion O’Connor at ovforsale@aol.com

Villa Sereno Unit 1 Townhouse

Villa Sereno Unit 1 Townhouse

Atlantis 203 Oceanfront Condo For Rent

Atlantis Condo 111 S Atlantic Ave.Ormond beach Fl 32176 2 Bedroom 2 bath direct oceanfront 2nd floor condo with fabulous views of the beautiful Atlantic ocean,underground garage parking and security. $950 Monthly for a year lease. Rent includes water, sewer and basic cable. Large Ocean Front balcony overlooking the pool with access from the living room and master bedroom. Convenient to shopping and restaurants. For information on this and other Ormond Beach and Ormond By The Sea vacation Rental homes and condos contact Deanna Thomas at ovrentals@aol.com. Deanna is our reservation and Customer Service Specialist. 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 More Ormond by The Sea vacation rental information is at our rental web site at http://www.ormondbeachcondorentals.com/. For buying or selling Ormond By The Sea real estate contact our Realtor Marion O’Connor at ovforsale@aol.com

Buy Ormond By The Sea Property Now

Now is a great time to buy Ormond By The Sea Homes and Condos. Interest rates are still low and the inventory of Homes and Condos for sale is remaining at a high level so there are lots of properties from which to choose. A couple of years ago there were very few choices and buyers were selecting and bidding on a property that did not have all of the features they originally wanted. Those bidding wars that were a nightmare for buyers are now a thing of the past. Prices have come back down to where they were 4 - 6 years ago and in many cases tht represents significant savings. Values of some Condos are about 1/3 less than their peak 2005 value. Buyers can also take more time selecting the Home or Condo that is right for them. When the market was really hot a few years ago buyers that took a few hours to decide to make an offer would find that the property they loved had been sold. The bottom line is that now is a great time to get off the fence and buy that second Home or Condo or Retirement Home. 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

Rhonda Lehnen Joins Ocean View Realty Group

Rhonda Lehnen joins Ocean View Realty Group in Ormond By The Sea Florida For Immediate ReleaseDecember 11th, 2007Rhonda Lehnen has joined Ocean View Realty Group as a Customer Service Specialist. Ocean View is at 1350 Ocean Shore Blvd (House of Donuts Plaza) and has operated from the same location since 1991 specializing in Ormond By The Sea Residential Sales & Rentals.Ms. Lehnen, originally from Kansas City, Missouri, will assist with vacation rentals and office functions in support of Realtor Marion O’Conner’s sales activities.Ms. Lehnen is also a partner in Elegant Freestyle ReDecorators, an Ormond Beach based Decorating and Home Staging Company.For Further Information Contact:Al RaymondiOcean View Realty Group1350 Ocean Shore Blvd Suite AOrmond Beach, FL 32176http://www.ovrealty.com/386-441-8245386-441-2407 Faxovrealty@aol.com Labels: Articles

Bottom Of The Ormond By The Sea Reqal Estate Sales Market

A recent article in the Daytona Beach News-Journal By Business Writer Thomas S. Brown quotes Economist Hank Fishkind of Winter Park Florida. Mr. Fishkind's anaylsis indicates sales around the State have bottomed out and are now beginning a slow recovery. He found very little price erosion occured in most markets in Florida in 2007. While Mr. Fishkind predicts more homes will be sold in 2008 than in 2007 he is also predicting sale prices will be pretty much stagnate for a few more years. 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

October to December 2007 (4th Quarter) Condo Sales in Ormond By The Sea

Ormond By The Sea Florida had 8 Condos sell in the 4th quarter of 2007. Half of the total were directly on the ocean (4) and 2 of these were at the new Capriana. The 4 sales of 2 bedroom 2 bath Condos with ocean view on the west side of A1A were $198,000, $215,000, $216,500 and an Ocean House Condo for $265,000. Making the average sale price $223,625. But the average should be $209,833, without the Ocean House sale, and that would be more reflective of the actual market. The 2005, 4th quarter average sale price for these Condos was $322,500 and the 2006, 4th quarter average sale was $246,667. With few execptions sales since early 2007 have been in the $200,00 to $215,000 range indictating prices may have begun to level off at that range. For information on Ormond Beach and Ormond by the Sea rental homes and condos contact Deanna Thomas at ovrentals@aol.com. Deanna is our reservation and Customer Service Specialist. 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 More Ormond by the Sea rental information is also at our rental web site at http://www.ormondbeachcondorentals.com/. For buying or selling Ormond by the Sea real estate contact our Realtor Marion O’Connor at ovforsale@aol.com

December 2007 Ormond By The Sea Condo Sales

Ormond By The Sea had 2 Condos sell in December 2007, so that leaves little validilty for statistical anaylsis. Compared to 2006 December faired well since 2 of the 3 December 2006 sales were at the new Capriana Condo. The other was also a Direct Oceanfront Unit at Seawinds Condo. The 2007 sales were a 3 bedroom at the Gemini (across from Publix) and a 2 bedroom unit at Ocean House. Ocean House Condo has the December sale at $265,000 and the next most recent sale in August for $275,000. These sale prices are significantly higher than other area condo sales. Since August the highest price paid for a 2 bedroom condo on the west side of A1A was $216,500. Other sales of condos and townhomes were $215,000 or less from August to December 2007 and that includes 11 sales. For information on Ormond Beach and Ormond by the Sea rental homes and condos contact Deanna Thomas at ovrentals@aol.com. Deanna is our reservation and Customer Service Specialist. 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 More Ormond by the Sea rental information is also at our rental web site at http://www.ormondbeachcondorentals.com/. For buying or selling Ormond by the Sea real estate contact our Realtor Marion O’Connor at ovforsale@aol.com