Ormond By The Sea, Florida condo market analysis February 28, 2010

We have 6 more condos for sale in Ormond By The Sea through the Daytona Beach Area Multiple Listing Service than at the beginning of February 2010.   The 94 condos currently for sale range in asking price from $83,900 for a first floor at Winchester Manor to $750,000 for the first floor 4 bedroom at the Tiffany, and 53 of the 94 are asking $200,000 or less.  In addition to the 94 for sale there are 9 condos under contract awaiting closing, 6 of which were also pending at the beginning of February 2010.  Many Ormond By The Sea, Florida condo owners continue to have expectations higher that what the current condo market will bear, as reflected in their asking price. May-be some of them will get lucky and sell above market. The table below summarizes the current for sale inventory of Ormond By The Sea, Florida condos for sale by condo building.

Condo	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	5	275,000	369,000	1973	Yes
Barrier Island	2	225,000	360,000	2000	No
Capriana	9	449,000	599,000	2006	Yes
Corinthian	1	159,900	159,900	1974	No
Court of Palms	1	109,000	109,000	1968	No
Fairwind Shores	8	149,000	269,900	1983-1987	No
Gemini	5	214,950	499,000	1984	Yes
Kingston Shores	9	114,900	249,900	1973	No
Leeward Winds	2	178,000	215,000	1990	No
Madeira Villa	4	134,200	172,000	1972	No
Ocean House	3	139,900	174,500	1981	No
Ocean Shores	2	89,000	89,900	1973	No
Ocean Watch	3	135,000	179,000	1986	No
Oceanaire	1	150,000	150,000	1984	No
Oceanside	1	129,000	129,000	1973	No
Ormond Breakers	7	127,300	179,900	1974	No
Ormond By The Sea Club	1	279,000	279,000	1972	Yes
Ormondy	2	249,900	299,900	1985	Yes
Regency Plaza	3	159,900	226,000	1974	Yes
Sand Dunes	2	149,000	165,000	1985	No
Sands Point	2	99,000	125,900	1971	Yes
Seabridge	3	199,900	239,000	1991	No
Seabridge North	5	149,900	200,000	1994	No
Starboard Light	1	184,900	184,900	1981	No
Sunny Beach Club	1	145,000	145,000	1990	No
Surfside Club	3	247,500	339,750	1971	Yes
Tiffany	3	329,900	750,000	1991	Yes
Villa Sereno	3	129,500	148,000	1973	No
Winchester Manor	1	83,900	83,900	1974	No
Windemere Shores	1	219,000	219,000	1973	No

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.