January 2010 Ormond By The Sea, Florida home sales

Only one of the 7 January 2010 Ormond By The Sea, Florida homes that sold were bank owned or short sales.  There are 35 additional homes under contract awaiting closing and almost 70% of those are forclosures or short sales.  A short sale is when the lender accepts less than what is owed on the mortgage for a property.  Last January (2009) there were 5 sales, and in January 2007 & 2008 there were 10 homes sold. 

The homes sold in Ormond By The Sea, Florida in January 2010 range in price from a 2-bedroom 1-bath on Azalea Drive for $89,900 to a 4-bedroom on Sea Oats Terrace with a pool and ocean view for $450,000.  The average sales price for the 7 sales was $178,743.  The Sea Oats sale was a short sale and added $45,000 to the average sale price for the month.

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