August 2009 Ormond By The Sea, Florida Condo sales

August 2009 Ormond By The Sea, Florida Condo sales

The Daytona Beach area multiple listing service (MLS) records 6 condominium sales in Ormond By The Sea, Florida during August, 2009. All condo sold were 2 bedroom and 2 bath. Two of the sales were directly on the beach and their average sales price was $225,000. The average sales price of those on the west side of A1A was $140,000 compare the average sales price to get a picture of the continuing decline in valves.
August Ormond By The Sea , Florida Condo sales

Year Sales Average 2/2 across A1A sale price
2005 10 $291,000
2006 3 $210,000
2007 8 $199,483
2008 3 $175,000
2009 6 $140,000

There are currently 10 Ormond By The Sea Condos under contract awaiting closing. Inventory of condos for sale remains high at 101 but is much lower than the 115 at the beginning of last August and the 134 in 2007.

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/