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Ormond Beach Observer Monday, Jun. 17, 2013 6 years ago

BIZ BUZZ: Housing market showing growth throughout Daytona area


The greater Daytona Beach housing market saw recent growth; a local bank gets a "superior" bill of health; email firm collects 16,000th address; and more.


Daytona Beach area seeing strong housing growth

Closed housing sales were up this April 21.3% over last April in the greater Daytona Beach area, according to the Daytona Beach Area Association of Realtors. But that’s just one of the group's reported indicators of market upswing.

New listings, a “lagging” sign of market health, according to John Adams, general manager of Adams Cameron & Company Realtors, the region’s largest property firm, were up 13.3% over last April. The median sale price rose 16% in the same time frame, to $145,000, and 90.9% of all sellers received list price, over 89.2% last April.

Active listings are also down over the same period.

“It’s incredible to have a 70% increase in pending sales while having a 40% decrease in active inventory over the same period,” Adams said. “This tells me that the market is fully in recovery, and our opportunity for sales is better than it has been in years.”


Reunion Bank in ‘superior’ health

Reunion Bank, at 775 W. Granada Blvd., has earned a five-star, “superior” rating from Bauer Financial Inc., based on its financial condition as of March 31. Bauer has been analyzing bank statistics throughout the country since 1983.

As of March 31, Reunion reported total assets of $203 million, with total loans of $144 million and total deposits of $180 million. It reported net income before tax of $491,000 for the year.

Call 352-508-1030.

Update: Chamber members report

New members to the Ormond Beach Chamber of Commerce, as of May, are listed as follows:

Buffington's Bar & Grill

Daytona Fun Parks

EF Educational Homestay

Intracoastal Bank

The chamber will also host its annual DirectDrive marketing seminar 9 a.m. to 3 p.m. Thursday, June 20. There will also be drive days July 31 and Aug. 1.

Call 677-3454.

Callan Group hits 16,000 email addresses

Email marketing firm The Callan Group has now collected more than 16,000 email addresses of residents throughout Volusia and Flagler counties into its directory.

“I pull emails from everywhere I can,” Communications Director Diane Michael said, “especially when they’re local. … Marketing through email newsletters is a great way to potentially create new business.”

In April, the company launched its Be Local campaign of monthly email newsletters, featuring news and local coupons. Visit [email protected].

Around town …

Caffeine Bistro & Kona Tiki Bar will begin opening its doors seven days per week, serving lunch each day, June 24. New hours include, 1 p.m. to midnight Monday through Wednesday, 1 p.m. to 2 a.m. Thursday through Saturday and noon to midnight Sunday.

Quality 1st Flooring and Design center will celebrate the grand opening of its new location, at 1112 S. Nova Road, with a ribbon-cutting 1 p.m. Friday, June 21. Call 677-3454.

Ormond Beach’s Elizabeth King has joined Rice & Rose Law Firm, 222 Seabreeze Blvd., as an associate in the firm’s family division. Call 257-1222.

Sharon Stavoy, of Tuscany Wines, was the featured pourer at Ormond Wine Co.’s free wine tasting June 13, at 1108 W. Granada Blvd.. Call 615-1001.

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