Ormond By The Sea, Florida homes for sale as of March 1, 2010

As of March 1, 2010 there are 126  homes for sale in Ormond By The Sea, Florida through the Daytona Beach area multiple listing service.  In addition, there are 47 homes under contract awaiting closing and 28 of the 47 (60%) are bank owned, short sales, or in various stages of the foreclosure process.  Less than 20%
(21 homes) of the 126 Ormond By The Sea, Florida homes for sale involve a lender.

The lowest priced property is a 2 bedroom 1 bath on Essex Drive at $84,900 and the highest price is an 8 bedroom home on Ocean Shore Blvd. asking $2,399,000.  There are 10 homes priced under $100,000 and 57 asking $100,000 to $200,000.  Only 23 homes are priced at $400,000 and above with 6 of these asking over a million.

Lenders are pricing their properties more aggressively as indicated by the 20% of homes for sale involving a bank while 60% of those under contract are involving a bank.