Ormond By The Sea, Florida Quarterly homes sold analysis,first quarter 2011

Quarterly homes sold analysis for the first quarter 2011 in Ormond By The Sea, Florida

Almost half of the 40 homes sold in Ormond By The Sea, Florida during the first quarter of 2010, through the Daytona Beach area Association of Realtors® multiple listing service (MLS) had lender involvement.  Lender involvement would be a short sale, foreclosure or lender owned property. 
The lowest sold price during the quarter was $50,000 for a 2 bedroom  1 bath on River Shore Drive and the highest was a 3 bedroom 3 bath on John Anderson Drive. 

Comparing 2011 to previous years, the chart below shows the continuing decline in values and an increase in the number of sales.


Ormond By The Sea, Florida homes sold in the first calendar quarter (January to March) by year.
Year        Sold         Lowest $           Highest $        Average sold price

2011         40            50,000            385,000                131,156
2010         34            67,000            599,000                159,200
2009         28            66,000            475,000                135,900
2008         29            80,000            500,000                191,200
2007         30          120,000         1,185,000                253,500
2006         22          190,000            600,000                285,800


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/.

Vacation rental information is at http://www.ormondbeachcondorentals.com/