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.

Ormond By The Sea Florida Homes For Sale May 31, 2017

Ormond By The Sea Florida Homes For Sale May 31, 2017
Homes for sale in Ormond By The Sea Florida

There are 79 homes for sale in Ormond By The Sea Florida through the Daytona Beach Area Association of Realtors®  Multiple Listing Service (MLS) as of May 31, 2017, 14 less than the end of last month. An additional 27 homes are under contract awaiting closing and lenders are involved in 5 of these either as a short sale or foreclosure. Lenders are involved in 0 of the 79 homes for sale . Asking prices for Ormond By The Sea homes currently for sale range from $149,900 to $2,390,000.

The inventory of Ormond By The Sea Florida homes for sale has stabilized, which is a good indicator that the market is back to a being more balanced between buyers and sellers. There are investors waiting for the lower priced homes to come available and if homes come on the market at a reasonable price they are being sold quickly. At the beginning of last year there were 85 Ormond By The Sea Florida homes for sale so the inventory has decreased since then and is remaining low.

This chart shows Ormond By The Sea Florida homes for sale by price range as of May 31, 2017

Price range in $Thousands	Number	1 Bdrm	2 Bdrm	3 Bdrm	4+ Bdrm
Under 150	1	0	1	0	0
150-199	18	0	12	6	0
200-299	18	1	6	10	1
300-499	16	0	0	11	5
500-999	20	1	2	7	10
Over $1 Million	6	0	0	0	6
Total number of homes	79	2	21	34	22

To view homes and condos available through Ocean View Realty Group or to search the Daytona Beach Florida Area Multiple Listing Service (MLS) for homes and condos for sale in Ormond Beach and Ormond By The Sea Florida go to the sales page of the Ocean View Realty Group website.

Realtor® Rhonda Lehnen of Ocean View Realty Group can also prepare a free market analysis for you if you are thinking of selling your Ormond By The Sea Florida home or condo and help you get your property ready to sell.  Email Realtor® Rhonda at ovforsale@aol.com

Ormond By The Sea Florida Condos For Sale as of May 31, 2017

Ormond By The Sea Florida Condos For Sale as of May 31, 2017

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As of May 31, 2017, we have 38 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS). There are 16 priced under $200,000 and 1 of those are under $100,000. Additionally, there are 6 condos under contract pending closing, none of which involve a lender as a short sale or foreclosure. One of the 38 condos for sale involves a lender, either as a short sale or foreclosure.

Please note that the market is very active and the information here is provided as of May 31, 2017. For up to the minute information about Ormond Beach and Ormond By The Sea homes and condos for sale or for rent contact Ocean View Realty Group.

Ormond By The Sea Condos For Sale Inventory By Condominium Name

Condo Name	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	0	0	0	1974	Yes
Atlantic 22	2	199,900	209,900	1991	No
Barrier Island	1	325,000	325,000	1998	No
Capriana	3	375,000	599,900	2006	Yes
Corinthian	0	0	0	1973	No
Court Of Palms	1	144,900	144,900	1968	No
Fairwind Shores	0	0	0	1985	No
Gemini	2	409,000	415,000	1984	Yes
Indies House	1	239,000	239,000	1981	Yes
Kingston Shores	0	0	0	1973	No
Las Olas	1	345,000	345,000	1997	No
Leeward Winds	0	0	0	1990	No
Madeira Villa N,C and S	1	164,900	164,900	1971-72	No
Mariners Bay	0	0	0	1981	No
Oceanaire	0	0	0	1984	No
Ocean Dunes	2	185,000	185,000	1998	No
Ocean House	1	199,900	199,900	1981	No
Ocean Shore	1	114,000	114,000	1973	No
Ocean Shore Club	0	0	0	1986	Yes
Oceanside	0	0	0	1984	No
Ocean Watch	3	166,900	242,900	1973	No
Ormond Breakers	0	0	0	1974	No
Ormond By The Sea Club	1	229,000	229,000	1970	Yes
Ormondy	1	359,900	359,900	1985	Yes
Ormond Surfside North	0	0	0	1971	Yes
Ormond Surfside South	0	0	0	1973	Yes
Regency Plaza	3	199,900	369,000	1974	Yes
Sand Dunes	0	0	0	1983	No
Sands Point	1	129,900	129,900	1971	Yes
Seabridge	2	182,900	199,000	1990	No
Seabridge North	0	0	0	1994	No
Seascape	0	0	0	1983	No
Seawinds	1	279,000	279,000	1995	Yes
Shoreham	0	0	0	1972	Yes
Spinnaker	2	218,500	225,000	1987	No
Starboard Light	1	184,300	184,300	1981	No
Sunny Beach Club	1	225,000	225,000	1990	No
Sunrise	0	0	0	1971	Yes
Surfside Club	1	265,000	265,000	1971	Yes
Tiffany	2	287,500	319,000	1991	Yes
Van Lee	1	299,999	299,999	1982	Yes
Villa Sereno	1	174,500	174,500	1973	No
Winchester Manor	1	99,000	99,000	1974	No
Windemere Shores	0	0	0	1983	No

To search the Daytona Beach Florida Area Multiple Listing Service (MLS) anonymously for homes and condos for sale in Ormond Beach and Ormond By The Sea Florida go to the sales page of the Ocean View Realty Group website. You will not need to sign in or give your name to use the search on the  Ocean View Realty Group website.

Contact Realtor® Rhonda Lehnen of Ocean View Realty Group at 386-441-8245 today or email to ovforsale@aol.com for additional information and to get a free market analysis for your Ormond By The Sea condo.