Save our homes article - 07/25/07 02:10 PM
The link below goes to a fantastic article about the Save Our Homes ammendment. They include links to all of the Central Florida property appraiser's websites, an analysis of the median savings by zip code, and a review of how it effects different people. Have a look below at Ron Rice's information. I thought that was a great graphic. 
http://www.orlandosentinel.com/business/orl-special-saveourhomes-sg,0,6529915.storygallery?coll=orl_tab01_layout
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Trouble at Ginn Company? - 07/25/07 01:58 PM
Rumors seem to be flying with regards to Ginn Development. To my knowledge they are currently developing in a number of locations. They have been progressing in the Bahamas, in Boone (NC), and in Florida in two locations in Flagler County. I've also heard that they are looking for more property in Hawaii.
Bobby Ginn has hired a new president and today we heard that his race team is being absorbed. Does anyone know what' going on?
http://www.gotoby.com/news/New_President_at_Ginn.htm
http://sportsillustrated.cnn.com/2007/racing/07/24/dei.ginn.ap/
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The Vacation Rental Market could really be changing - 07/11/07 11:06 AM
After a number of complaints originating in Wilbur-by-the-Sea about single family residences being used for short term vacation rental, Volusia County has decided to take action. There had previously been discussion of a new law to limit the use of short term rentals. However, the County Attorney pointed out that short term rentals are not a permitted use today anyway and, as such, could be addressed by code enforcement. Interestingly, I believe this will impact all of Volusia County's unincorporated areas. The areas most likely to be truly effected would be Wilbur-by-the-Sea, Ormond-by-the-Sea, and areas further south around New Smyrna Beach. … (2 comments)

Portofino Grande in Palm Coast's new Town Center - 07/11/07 09:52 AM
 
The Town Center development is going to change the face of Palm Coast. Imagine a new development with multiple shopping centers, an outdoor theatre and more amenities than you can imagine. All of this will be a short walk from your front door at The Portofino Grande. This very prestigious is at the heart of Town Center and boasts very luxurious living. Each unit will be three to four stories tall and include its own elevator, top of the line Italian cabinetry, and more.
The first group of units are being offered at only $250/square foot making them the best priced luxury … (3 comments)

300,000 square feet of centrally located office space - 07/10/07 07:38 PM

Property Description:300,000 square feet of office space in the heart of Ormond Beach being offered at $54/square foot, a fraction of the property appraiser's just value. Situated on 28+ acres, this property provides everything you would need for a wide range of applications. Currently being used as a hospital, this property can be converted to office space, or other uses. It is also available for lease at only $11 per square foot. Based on your needs, adjoining property may also be available.
Location Description:In the heart of downtown Ormond Beach, Florida near the intersections of Nova (SR5A) and Granada (SR40) near … (1 comments)

Orlando Median Home Price Rising - 07/10/07 07:35 PM
Today there was an article in the Orlando paper about an increase in median home prices. The median price rose by 1.6 percent from June of 2006. That sounds like good news but the counter side of that is an increase of 40% in total inventory in the same period. I feel like the prices have to come down in order to bring the investors back into the market. Something is going to have to give. What do you all think?
http://www.orlandosentinel.com/business/orl-biznews-homes071007,0,2037420.story?coll=orl_tab03_layout
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Housing Prices AP story - 07/05/07 04:44 PM
This is a very interesting article with regards to housing data. They raise a very good point that there are incentives being offered to buyers that aren't being included in survey data. Locally, I'm aware of builders offering upgrade packages, cars, and more to entice buyers.The article misses the increases in bonuses and sales commission to Realtors. Locally, we've seen a change from some builders refusing to pay co-broke commission at all to offers of 8% and even 10% co-broke. That in addition to enticements as strong as a brand new gold Rolex watch.However, I don't agree that this shift is … (3 comments)

 
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John Adams

Ormond Beach, FL

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Adams, Cameron & Co. Realtors

Office Phone: (386) 253-8044

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This blog is intended to update people who are interested in buying and selling homes, condos, or other real estate in the Volusia and Flagler market. While it is called Real Estate in Daytona Beach Area we will address statistics ranging from New Smyrna to Palm Coast and west to include Deland, Deltona, etc. I will also cover topics regarding investing in residential and commercial real estate. I encourage comments from everyone and am very interested in feedback and opinions.


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