About Ormond Beach's Ormond By-the-sea

September 2009 Ormond By The Sea, Florida Condo sales

Five Ormond By The Sea, Florida condos sold through the Daytona Beach area multiple listing service (MLS) during September 2009. Compare that to 2 sales in 2008, 4 in 2007, 5 in 2006 and 6 in 2005. One sale was a one-bedroom foreclosure for $66,100 and one was at the direct oceanfront Capriana. Three sales were
2-bedroom 2 bath on the west side of A1A and the average sales price for those 3 was $163,300. This average is only about $10,000 less than the September 2008 average so we may be seeing a slowdown in the rate of loss of value. All 3 of the 2-bedroom condo west of A1A had sales prices within 6% or less off of the asking price so setting a price close to the market value is very important. Average time of the market for those 3 sales was 150 days. The average days on the market in 2005 were 73.

For Ormond By The Sea, Florida through the Daytona Beach Area MLS the inventory of condo for sale continues to be high at 103. There are 7 condos under contract awaiting closing.
Using the 5 sales in September as the basis would mean there is over 20 months or inventory, which continues to be higher than what we would expect in a "normal" market. Generally a 6-month supply of inventory would be considered a balanced or normal market. Of the 103 condos for sale in Ormond By The Sea, Florida, 32 are on the beach or 3 bedroom units asking $250,000 or more.
Asking prices for 55 or those for sale are under $200,000 with 23 of those being $150,000 or lower. The lowest asking price is $95,000 for a Kingston Shore condo and the highest is $790,000 for a 4 bedroom at the Tiffany.

Here is a link to a google map of the location of the Ocean View Realty Group office in Ormond By The Sea, Florida. The map shows street names and can be moved around to show anywhere you like in Ormond By The Sea, Ormond Beach, Daytona Beach and beyond. Enter a beginning address and get directions to the ocean View Realty Group Office.

http://maps.google.com/maps?geocode=&q=1350+Ocean+Shore+Blvd.%2C+Suite+A%2C+Ormond+Beach%2C+Fl%2C+32176

Ormond By The Sea Florida Condos

Looking for information and photos of a condo in Ormond By The Sea?

Below are links to the Ocean View Realty Group
vacation rental web site pages for individual condo building in
Ormond By The Sea Florida. Photos and descriptions of each
building are followed by links to individual vacation rental condos.

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/