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About Ormond Beach's Ormond By-the-sea

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Ormond By The Sea Florida homes for sale January 31 2012

02-12-12
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals: Real Estate Brokerage in Ormond Beach, FL
  • view my blog
  • Office: (386) 441-8245
  • Secondary: (386) 441-2501

Ormond By The Sea Florida homes for sale
January 31, 2012
 Homes for sale in Ormond By The Sea Florida

There are 89 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) as of January 31, 2012. An additional 48 homes are under contract awaiting closing. As has been the case in recent months, lenders are pricing their properties more aggressively to get quicker sales. Lenders are involved in 17 of the 89 homes for sale (19%) but 14, more than half (52%), of the 48 homes under contract. Asking prices for Ormond By The Sea homes currently for sale range from $69,000 to $1,995,000.
The inventory of Ormond By The Sea Florida homes for sale has stabilized and that is a good indicator that the market may be getting back to a being more balanced between buyers and sellers. There are investors waiting for the lower priced homes to come available and if they come on the market at a reasonable price they will be sold quickly.

The chart below shows Ormond By The Sea Florida homes for sale by price range.

Price range in

$Thousands

Number

1 Bdrm

2 Bdrm

3 Bdrm

4+ Bdrm

Bank

Under 100

10

0

9

1

0

 4

100-149

24

0

17

7

0

 4

150-199

5

0

0

5

0

 0

200-299

15

0

1

8

6

 1

300-499

16

0

1

11

4

 1

500-999

18

0

0

7

11

 1

Over $1 Million

1

0

0

0

1

 0

Total number of homes

89

0

28

39

22

 11
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 this Ocean View Realty Group web site.

8 Comments
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Ormond By The Sea Florida Homes sold in January 2012

02-09-12
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals: Real Estate Brokerage in Ormond Beach, FL
  • view my blog
  • Office: (386) 441-8245
  • Secondary: (386) 441-2501

Ormond By The Sea Florida Homes sold in January 2012

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 7 Ormond By The Sea, Florida homes sold in January, 2012. Two (2) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 49 homes under contract waiting closing and 12 of those have lender involvement. The highest priced home sold was a 3 bedroom on W Sea Harbor Dr for $205,550 and the lowest priced was a 2-bedroom 1 bath on Azalea Dr for $93,000.

Ormond By The Sea, Florida homes sold in January, 2012 by price range.

Price range
$in thousands

Number

sold

1Bdrm

2Bdrm

3Bdrm

4+Bdrm

Lender involved

Under $100,000

1

0

1

0

0

0

100,000-149,999



1

0

1

0

0

1

150,000-249,999

5

0

2

3

0

1

250,000+

0

0

0

0

0

0

Total number

7

0

4

3

0

2

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at www.ovrealty.com where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

5 Comments
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Ormond By The Sea Florida houses sold 5 year analysis

02-04-12
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals: Real Estate Brokerage in Ormond Beach, FL
  • view my blog
  • Office: (386) 441-8245
  • Secondary: (386) 441-2501

Ormond By The Sea Florida houses sold 5 year analysis

Ormond By The Sea Florida houses sold monthly for 5 years

Month 2011 2010 2009 2008 2007 Total
January 15 7 5 10 10 47
February 13 9 9 8 8 47
March 12 18 14 11 12 67
April 18 16 15 12 10 71
May 18 19 11 19 8 75
June 17 16 7 11 5 56
July 17 18 11 24 8 78
August 12 17 14 19 13 75
September 15 19 17 13 11 75
October 22 8 12 4 7 53
November 8 11 24 9 11 63
December 8 25 14 3 6 56
Total 175 183 153 143 109 763


While the number of sales decreased in 2011 compared to 2010, the number is higher than other years going back to 2007 and until this past year the trend has been a slow but steady increase in sales.

Over the past 5 years October through February is the time period with generally the fewest number of sales with January and February being the slowest sales months.

6 Comments
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Ormond By The Sea Florida 5 year condo sales analysis

02-03-12
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals: Real Estate Brokerage in Ormond Beach, FL
  • view my blog
  • Office: (386) 441-8245
  • Secondary: (386) 441-2501

Ormond By The Sea Florida 5 year condo sales analysis.

Numbers of condos sold with totals by month

year/month 2011 2010 2009 2008 2007 Total
January 5 2 4 3 3 17
February 5 2 3 6 0 16
March 6 5 4 1 5 21
April 13 4 4 4 9 34
May 7 6 4 5 1 23
June 7 11 3 0 4 25
July 5 2 11 4 8 30
August 6 6 6 5 8 31
September 6 7 5 2 4 24
October 9 7 4 3 3 26
November 2 9 3 6 3 23
December 8 5 8 2 2 25
Total 79 66 59 41 50 295


Conventional wisdom over the years has been that the best time to put your Ormond By The Sea Florida condo on the market is January to March since that is when the area is most heavily occupied. I have always thought that this time of year is difficult for sales since the condos are usually occupied, quite often with tenants who are there for a few months avoiding the harsh northern winters and they usually are not too keen on being disturbed by showing the unit for sale. The chart shows that January to March have had the fewest total sales of any other months over the past 5 years.

9 Comments
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Ormond By The Sea Florida Homes sold 2011

02-02-12
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals
Al Raymondi-Ormond By The Sea Florida home and condo sales and rentals: Real Estate Brokerage in Ormond Beach, FL
  • view my blog
  • Office: (386) 441-8245
  • Secondary: (386) 441-2501

Ormond By The Sea Florida Homes sold 2011

Through the Daytona Beach Area Realtors® Association Multiple Listing Service (MLS) there were 176 Ormond By The Sea, Florida homes sold in 2011. Lenders were involved in 56 (32%) of the sales, either a short sale or foreclosure.
The highest priced home sold was a 4 bedroom on John Anderson Dr for $895,000 and the lowest priced was a 2 bedroom 1 bath on River Shore Dr. for $50,000.

The number of Ormond By The Sea Florida homes sold in 2011 was slightly lower than the 183 sold in 2010 but higher than all other years since 2007. In 2005 there were 277 sales. Lenders were involved in sales in all price ranges with the highest percentage of lender involvement being in the under $100,000 range.
If this pace of sales continues we are at 6 months of inventory which is a balanced market and we should be looking forward to the potential for values increasing or at least we seem to have hit the point where values are no longer in decline.

2011 Ormond By The Sea Florida home sales by price range.

$ Price range

in thousands

Number

of sales

1 Bedroom

2 Bedroom

3 Bedroom

4 or more

Bedrooms

Lender

involved

Under 75

29

1

27

1

 0

19

75-99

27

0

23

4

0

13

100-149

55

0

34

18

3

14

150-199

40

0

7

28

5

5

200-299

18

0

1

14

3

3

300+

7

0

1

4

2

2

Totals

176

1

93

69

13

56
For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at www.ovrealty.com where you can also search the Daytona Beach area multiple listing service (MLS) anonymously
8 Comments