February 2010 Ormond By The Sea, Florida Condo Sales Analysis

A short sale of a Mariners Bay Townhouse Condo was one of two sales in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors Multiple Listing Service. The townhouse sold for $100,000. The only other sale was a 2nd floor Sunny Beach Club Condo unit that sold for $125,000.
February has been a relatively slow month for condo sales in Ormond By The Sea, Florida recently 3 condo sold in 2009, 6 in 2008, zero in 2007 and 1 in 2006.
We don’t really need any more reminders of what has happened to real estate values but the Sunny Beach Club Condo sale last month at $125,000 compares to the February 2006 sale of a 3rd floor condo unit for $265,000. There was a Mariners Bay Condo that sold in 2006 for $286,000. That Mariners Bay Condo was re-sold in 2008 for $180,000.
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 http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.