Through the Daytona Beach Area Association of Realtors Multiple Listing Service (MLS) 4 condos sold in Ormond By The Sea Florida in October, 2009. That compares to 3 sales in both 2007 and 2008. None of the 2009 sales were foreclosures or short sales. At this rate of sales we have about 2 years worth of inventory of condos for sale in Ormond By Sea, Florida.
One sale was a 3 bedroom at Sand Dunes for $152,500 and the lowest sale was at Winchester manor for $82,000. There were 2 sales at $180,000, one at Seascape on the 5th floor and one at Ocean House on the 3rd floor. Both of those buildings feature secured entry, inside laundry, underground parking and more than 1150 sq. ft. of living area. Both units were in good condition and sold fully furnished.
Here is a chart I made from the Daytona Beach Area Association of Realtors MLS.
The average sales price is an indicator of the recent reduction in condo values.
|
Year |
Sales |
Lowest$ |
Highest$ |
2/2* |
2/2 average$* |
2/2 Low $* |
2/2 High $* |
Directly on the beach |
|
2001 |
87 |
49,250 |
270,000 |
55 |
$106,836 |
66,000 |
160,000 |
21 |
|
2002 |
117 |
55,000 |
339,000 |
69 |
$124,644 |
63,000 |
189,900 |
27 |
|
2003 |
109 |
64,500 |
350,000 |
59 |
$149,076 |
92,600 |
190,000 |
44 |
|
2004 |
84 |
78,000 |
599,000 |
41 |
$198,227 |
125,000 |
255,000 |
29 |
|
2005 |
111 |
128,000 |
840,000 |
74 |
$263,326 |
137,500 |
335,000 |
23 |
|
2006 |
43 |
117,000 |
810,000 |
24 |
$250,954 |
130,000 |
346,000 |
13 |
|
2007 |
50 |
110,000 |
830,000 |
28 |
$218,636 |
110,000 |
300,000 |
16 |
|
2008 |
41 |
110,000 |
720,000 |
25 |
$178,396 |
150,000 |
200,000 |
14 |
* These are on the west side of A1A
The inventory of condo for sale in Ormond By The Sea, Florida through the Daytona Beach Area Multiple Listing Service (MLS) continues to be high with 108 condos for sale. There are 9 condos under contract pending closing. We have not seen a significant reduction in the inventory of condos for sale. Last year at this time there were 112, which was lower than the 130 for sale in 2007, but the numbers recently have stayed slightly over 100 condos for sale in Ormond By The Sea.
The lowest asking price is a 1 bedroom at the Ocean Shores Condo for $59,900 and the highest is the 4 bedroom at the Tiffany for $790,000. With one exception every condo (32) with an asking price of $250,000 is either directly on the beach or a 3 bedroom. More than half (60) of the condos for sale in Ormond By The Sea, Florida have an asking price of $200,000 or lower, with 26 or those being under $150,000 and 11 of those have an ocean view.
There were 12 single family homes sold in Ormond By the Sea, Florida in October, 2009 through the Daytona Beach Area Association of Realtor Multiple Listing Service (MLS). Surprisingly, none of the sales were 2 bedroom 1 bath. All had either 2 baths or 3 bedrooms. The lowest sale price was $125,000 on Seaside Drive and the highest was $420,000 on Coquina Key Drive. Five of the sales were under $150,000. One sale for $270,000 was on the east side of A1A. Nine of the 12 sales had at least 3 bedrooms.
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/.
Beginning November 1, 2009 new watering restrictions took effect. Watering is only allowed before 10 AM or after 4 PM and when dayligh savings time ends watering is only allowed 1 day per week. Even number addresses may water only on Sunday and odd number addresses may water only on Saturday. These restrictions apply to much of east central Florida including Ormond Beach and all of Volusia County. For more details about restrictions on watering visit the St. Johns River Water Management District web site http://sjrwmd.com/wateringrestrictions/
Sales and rentals of Ormond By The Sea Florida homes and condos. Ocean View specializes in vacation rentals and annual leases of furnished and unfurnished Ormond Beach properties. www.ovrealty.com
Ocean View Condominium Rental Group, Inc. has operated from the same location since
1991. We are also known as Ocean View Realty Group, which is the name we use
primarily for our residential real estate sales activities. We have helped thousands of
people buy, sell, and rent Ormond by the Sea condominiums and vacation homes. We
are a small local company and have no home office, chain or franchise telling us how to
run our business. We are members of the Ormond Beach chamber of commerce, Daytona
Beach Convention and Visitors Bureau(CVB), and the Daytona Beach area Association of
Realtors. Much of our business has been condo rentals, vacation rentals, holiday rentals,
and beach house rentals. Years of experience have taught us how to take the hassle out
of Florida condo rentals. Our rental procedures continue to develop over time as our
experience and Ormond Beach real estate market conditions dictate. Years of experience
have already been put to use in our forms, rules, and policies. We make every effort to
keep our rental properties clean and in good condition so that every occupant will be able
to enjoy their stay in our Ormond Beach rentals.
Ormond By The Sea Real Estate Specialist
If you are thinking of buying, selling or renting property in Ormond Beach or Ormond by the
Sea contact Ocean View today. We specialize in Ormond by the Sea. We know condominiums
in the Ormond Beach and Ormond By The Sea real estate market for sales and rentals of
residential property. We participate in the Daytona Beach area multiple listing service(MLS).
At Ocean View one call does it all!
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/.
Residential buying or selling information- ovforsale@aol.com
Deanna Thomas is our rental specialist - ovrentals@aol.com
Ocean View Realty Group
1350 Ocean shore Blvd. Suite A
Ormond Beach, Fl 32176
386-441-8245
Fax 386-441-2407
Toll free USA & Canada 1-800-356-3409
www.ovrealty.com
Vacation rental information is at http://www.ormondbeachcondorentals.com/
Shonda Stebleton Al Raymondi
Marion O'Connor Rhonda Lehnen
Here is what one of my customers said about me following his condo purchase in Ormond By The Sea Florida:
AL DID A GREAT JOB LINING UP CONDO OPTIONS . I GAVE HIM GUIDELINES OF WHAT I WAS LOOKING FOR AND HE SCHEDULED 12 UNITS OVER A 2 DAY TIME PERIOD. AL IS THE OWNER/MANAGER OF OCEAN VIEW REALTY. THEY ARE A SMALL FIRM THAT IS BIG ON CUSTOMER SERVICE. WHY I REALLY CHOOSE AL WAS HIS KNOWLEDGE. FOR A VERY LONG TIME, AL AND HIS CREW HAVE SPECIALIZED IN BEACHSIDE CONDOS IN ORMOND BEACH/ ORMOND BY THE SEA. I CANT BELIEVE ANYONE KNOWS THE BUILDINGS AND THAT MARKET BETTER. IF YOU ARE A POTENTIAL CONDO BUYER IN THE ORMOND AREA, YOU SHOULD GIVE OCEAN VIEW A TRY.
Dave Kapelka
Here is another:
Al sold us a condo in Ormond Beach in the mid 1990's, property (lot) in Palm Coast in the mid 1990's and a condo in Ormond Beach in 2007. Since we live in CT, we told Al what we were looking for. We wanted something close to the beach since it would be our vacation home. Al would email us pictures and specs of different condos. We live in CT and would schedule a date with Al to look at condos. It didn't matter how many we wanted to look at, Al never hesitated and did not push anything on us. He was always very professional as well as knowlegable and could answer our questions. If he couldnt answer our questions he would get us the answer. His staff is very courteous as well as knowlegable. Al's office also is in charge of renting our unit when we are not using it. Again, this is handled on a professional basis and we have not had any problems with renters. I would recommend Al and his staff for any real estate sales and/or rentals.
Gary Alender
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