Ormond Beach, FL Real Estate News

By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
In January 2010 through the Daytona Beach area MLS there were 2 condos that sold in Ormond By The Sea, Florida.  A 1-bedroom at Ocean Shores Condo sold for $50,000 and a 3-bedroom at Oceanaire sold for $250,000.  Since 2006 there have been 4 or fewer sales every January.  There were 13 sales in January, 2005.  There are currently 7 Ormond By The Sea condos under contract awaiting closing.  The Ocean Shores condo was a renovated 3rd floor unit that was on the market 91 days.  The Oceanaire condo was a top floor unit with a large roof deck, storm shutters and a fireplace that was on the market for 327 days.As an example of how values have droopped in recent years, the Oceanaire 3-bedroom that sold has one other just like it that sold in 2005 for $500,000 and again in 2006 for $400,000. Fo...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
There are 88 condos for sale in Ormond By The Sea, Florida through the Daytona Beach area MLS as of February 1, 2010.  Directly on the ocean within the Ormond Beach city limits (from Ormond By The Sea to Granada Blvd.) there are 7 condos for sale and that number is not included in the 88 Ormond By The Sea total.  The average time on the market for the 7 Ormond Beach condos is 304 days and the average asking price is $268,814. Asking price for the 8 Ormond By The Sea, Florida condos for sale range from $87,500 at the Winchester Manor to $750,000 for a 4-bedroom at the Tiffany.  Forty-seven of the 88 have asking prices of $200.000 or less. Asking prices for 2-bedroom 2-bath condos on the west side of A1A range from $114,900 to $249,900 and both happen to be Kingston Shores units.  The ave...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Ocean View Realty Group compiled this analysis of Ormond By The Sea Condo sales through the Daytona Beach Area Association of Realtors Multiple Listing Service for the 10 year period of 2000 to 2009. This is the decade in review. Ormond By The Sea Florida Condo sales statistics for the past decade.   Three new condominium buildings opened in the decade, Barrier Island at 3000 Ocean Shore Blvd. opened in 2000, the Ocean Shore Condo at 1075 Ocean Shore Blvd. opened in 2002, and the Capriana at 1425 Ocean Shore Blvd opened in 2006.  If average sales prices increased 5% each year from 2000 to 2009 the average sale price in 2009 would be $152,409 for a 2 bedroom 2 bath condo on the west side of A1A in Ormond By The Sea, Florida. Take a peek at the 10 year chart below to get the real picture ...
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By Lisa Hill, Daytona Beach Real Estate
(Florida Property Experts)
              Ormond-by-the-Sea Real Estate Market Reports - Listings and Sales 2000-2009 Ormond-by-the-Sea Real Estate Sellers: I believe you'll appreciate this compilation of real estate data, which can help you see the big picture when it comes to selling your Ormond by-the Sea house, condo, townhouse, vacant land, or any type of investment property. It's not just about how much your neighbors are asking for their house. It's not even about the last 6 months of comparable real estate sales. In recent months, many lenders have wanted to see only 3 months of recent sales data. And while sales have been improving, the improvement has been in small increments, and many of the sales have been foreclosures. In case you're wondering, your buyer's appraiser WILL include the foreclosures whe...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Jay Siegel and The Tokens has the top billing for a Solid Gold Doo-Wopp and Rock and Roll concert presented by Richard Nader in Ormond Beach Florida. Perhaps the most widely know hit by Jay Siegel and The Tokens is " The Lion Sleeps Tonight." Special guest performance by Knights to Remember. This special night of oldies will be Friday, March 5, 2010 at 7:30 PM at the Ormond Beach, Florida performing Arts Center. The Ormond Beach Performing Arts Center is a 650-seat facility located at 399 North U.S. 1, Ormond Beach, Florida. For tickets and additional information call 386-676-3375.
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By Lisa Hill, Daytona Beach Real Estate
(Florida Property Experts)
                   Ormond Beach Real Estate Market Reports - Listings and Sales 2000-2009 Ormond Beach real estate sellers: I believe you'll appreciate this compilation of real estate data, which can help you see the big picture when it comes to selling your Ormond Beach house, condo, townhouse, vacant land, or any type of investment property. It's not just about how much your neighbors are asking for their house. It's not even about the last 6 months of comparable real estate sales. In recent months, many lenders have wanted to see only 3 months of recent sales data. And while sales have been improving, the improvement has been in small increments, and many of the sales have been foreclosures. In case you're wondering, your buyer's appraiser WILL include the foreclosures when they app...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
The Fish City Grill at the Trails Shopping Center in Ormond Beach Florida has closed. The restaurant, which opened just a couple of years ago, is apparently another victim of these difficult economic times. The franchisee was unable to get a rent reduction sufficient to keep the business open.
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
While the number of condos sold through the Daytona Beach Area Association of Realtors Multiple Listing Service in Ormond By The Sea, Florida (59) was higher than the total numbers in 2006 (43) to 2008 (41) it remains much lower than the average of 95 for the years 2000 to 2004 when the market was more "normal".  Projecting the 59 sales per year forward would mean we currently have a year and a half of inventory, which is still very high and continues to indicate a buyers market.A complicating factor could be foreclosures, which have shown no sign yet of slowing. There is a possibility that many more foreclosures will be coming on the market over the coming months since we are unable to close on many short sales.
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Homes Sold in Ormond By The Sea, Florida December 2009 The Daytona Beach Area Association of Realtors Multiple Listing Service recorded 14 single-family homes sold in December 2009 in Ormond By The Sea, Florida. The lowest sale price was $74,900 and the highest was $407,600. Four of the 14 sales were 2 bedroom 1 bath and 6 were 3 or more bedrooms. The average sale price was $145,986 the median sales price was $130,000. At 14, the number of December 2009 sales exceeds the December 2008 total of 3 and the December 2007 total of 6
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
   Now constructing a new ocean front park in Ormond By The Sea Florida. Work has begun on a beachside park in Ormond By The Sea, Florida at Roberta Road on the east side of A1A. The site was the location of the Happy Whale Condominium and the Happy Whale Restaurant. Those buildings had not been well maintained for many years and were demolished in 2001 due to an accumulation of code violations. Part of the same project includes approximately 1 acre on the west side of A1A at Carol Road that will provide additional parking for the park. Completion of the park, which has not yet been named, is expected this summer and possible as early as May 2010. Amenities anticipated at the park will be beach access, restrooms and showers. There will be no playground or picnic pavilions so if you are ...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Searching the Daytona Beach area Multiple Listing Service(MLS) which includes Ormond Beach Florida and Ormond By The Sea Florida is now a piece of cake for anyone with internet access.  View information and photos of homes and condos for sale.  Just use the link below and you can search properties without giving your name or other information. Return as often as you like and search anonymously until you decide you need to contact Ocean View Realty group for additional information. http://webapps2.planetrealtor.com/idx/pkg_IDX.pr_IDXSearch?sStateID=FL&sRealtorID=1067885&sUserType=R&sSearchStateID=FL&sSearchSource=X   For more information about Ocean View Realty Group and Ormond By The Sea Florida visit the web site at http://www.ovrealty.com/
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Pip's Beachside Bar and Grill  Several restaurants have occupied the small building at 2986 Ocean Shore Blvd. in Ormond By The Sea, Florida in recent years and none has survived for any length of time. Pip's Beachside Bar and Grill is the latest restaurant to close at that location. Pip's was open at this location abut one year.  The outside patio was a big attraction allowing Ocean View and Ocean breeze dining sometimes with live entertainment.
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
The number of Ormond By The Sea condos for sale through the Daytona Beach Area Association of Realtors Multiple Listing Service has dropped to 86 primarily due to the expiration of listing agreements during the month of December 2009. There were 24 condos that expired during the month. Some were re-listed. There are 6 under contract pending sale and 8 condos sold in Ormond By The Sea during the month of December 2009. Of the 86 condos for sale 45 are asking below $200,000. Direct Ocean Front condo building have 28 condo for sale average in price from $210,000 to $750,000. Asking prices for 2 bedroom 2-bath condo on the west side of A1A range from $95,000 to $249,900. Nine of the direct ocean front condo for sale are at the Capriana, which opened in 2006. All of those condos are 3 bedro...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
In October to December 2009 there were 15 Ormond By The Sea, Florida condo sales through the Daytona Beach Area Association of Realtors Multiple Listing Service that closed. There are 6 condos under contract pending closing as of the end of 2009. An even dozen of the condos sold were 2 bedroom 2 bath on the west side of A1A. Sold prices for those averaged $156,083 with the lowest at $136,500 and the highest at $180,000.  The 15 sales in 2009 are slightly higher than the 11 in October to December 2008 and the 8 closings in 2007 and the 10 in 2006.  Sales prices or 2 bedroom 2 bath Ormond By The Sea condos on the west side of A1A in 2007 ranged from a low of $198,000 to a high of $265,000 the lowest sale price in 2006 was $220,000.For information and photos of Ormond By The Sea homes and...
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By Lisa Hill, Daytona Beach Real Estate
(Florida Property Experts)
         A Florida Snowman!  You Saw It On Lisa Hill's Daytona Beach Real Estate Blog I had to share this picture. I'm a Daytona Beach native, and I can't recall ever having temperatures this low, that lasted for this long! It's freezing!.... Literally!  The common Daytona Beach winter begines around the middle of December and lasts into March. We typically get a handful of nights when the temperature drops into the freezing range. But at the moment, it's been dropping into the 30s and 20s every day for 2 weeks straight! We don't even have the right clothes for this kind of weather! And even worse, our stores don't carry clothes for this type of cold either =(  As far as snow goes, if you watch closely, every once in a while in a normal winter, you might catch a glimpse of some flurrie...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Through the Daytona Beach Area Association of Realtors Multiple Listing Service (MLS) there were 8 Ormond By The Sea condos sales that closed in December 2009. The lowest sales price was at Winchester Manor for $50,000 and the highest price was at direct oceanfront Regency Plaza. The average sale price of the 6 sales between the highest and lowest was $147,583. The number of sales (8) is higher than the 2 in December of 2008 and 2007 and the 3 in 2006. All 8 of the December 2009 sales were 2 bedroom units, and none were listed as short sales or foreclosures.  One of the sales used conventional financing, 2 were financed through the FHA and 5 buyers paid cash. For information about Ormond By The Sea, Florida condos and homes for sale visit the Ocean View Realty Group web site at http://...
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
Reyna's Palette is now open in Ormond By The Sea, Florida at 1360 Ocean Shore Blvd Suite C. Just south of the ABC Liquor Store in the plaza with Speedy Mart, a couple of doors north of Ocean View Realty Group. Reyna's Palette is selling books, gifts, and art.  Stop in and take a look at the inspiring inventory of items.
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By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
At the end of November 2009 through the Daytona Beach Area Association of Realtors Multiple Listing Service (MLS) there were 93 condos  for sale. Between the Ormond Beach City line and Granada Blvd. there are an additional 10 for sale and within the city or Ormond Beach south of Granada there are an additional 17 condo for sale. Ormond By The Sea, Florida has 25 direct ocean front condos  for sale between $279,000 and $750,000. The lowest priced Ormond By The Sea condo is a 1 bedroom at the Ocean Shores  Condo for $53,900 and the highest priced is a 4 bedroom at the Tiffany for $750,000. There are now 50 of the 93 condos for sale asking under $200,000 with 24 of those under $150,000.
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By Ron Wysocarski, CEO, Pricing Specialist
(Wyse Home Team Realty)
Some news from the Volusia Building Industry Association: As Chairman of The Green Building Council, I was invited to sit it on the 2010 VBIA planning meeting last week. This 5 hour session was devoted to helping the association, as well as those it serves, set the stage for a great 2010.   Like all associations, the VBIA has worked through some challenging economic realities in 2009. I am pleased to say that the leadership has taken a very proactive approach in their 2010 planning by addressing some very difficult, and at times, unpopular issues.   Some say that "as the building industry so goes, so goes the local economy". With the number of new jobs that can be created through Green Building, as well as job cutbacks being restored through increased housing starts, I look forward to b...
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By Lisa Hill, Daytona Beach Real Estate
(Florida Property Experts)
         Ormond Beach Real Estate and Local Events: Info on Lisa Hill's Real Estate Blog Fun Christmas events for Ormond Beach this weekend. If you're planning to buy or sell real estate in Ormond Beach, here are a few fun reasons to live in Ormond Beach, or anywhere in the Daytona Beach area. For those of you who are not aware of this, Ormond Beach used to be the winter home of John D. Rockefeller! His actual winter home is what is now known as The Casements, located at 25 Riverside Drive. The Casements Guild is responsible for sponsoring many fantastic Ormond Beach activities. This past weekend's 30th annual Christmas Gala in Rockefeller Gardens was a huge success. Attendees of The Christmas Gala enjoyed food vendors, art exhibits, craft exhibitors, wagon and carriage rides, and even...
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