Sunday, July 24, 2011

Ormond By The Sea, Florida Quarterly homes sold analysis for the Second quarter


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

Almost half (19) of the 53 homes sold in Ormond By The Sea, Florida during the second quarter of 2011, 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 $58,660 for a 2 bedroom  2 bath on Palmetto Drive and the highest was a 4 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.  Average living area for homes sold was 1585 and the average list price was $156,982.  The average sale is at about 95% of the list price for the second quarter 2011 sales.


Ormond By The Sea, Florida homes sold in the second calendar quarter (April to June) by year.

Year        Sold         Lowest $           Highest $        Average sold price

2011         53            58,660            895,000                156,982
2010         51            60,000            485,000                133,709
2009         32            67,500            430,000                132,089
2008         42            74,000            500,000                156,937
2007         23          120,000            847,500                221,778
2006         49          155,000            1,200,000             337,758


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/
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Al Raymondi, Broker and owner of Ocean View Realty Group was born in Quincy, MA and graduated from Quincy High School in 1963. He served the the U.S. Air Force including January to December 1966 at the 6924 Security Squadron in Danang Vietnam. Al worked for over 20 years at Blue Cross & BLue Shield of Mass. in Boston on the Medicare program for MA, ME, NH, and VT. He is married to Diane (McQuiggan, of Jamaica Plain, MA.) and lived in Quincy, Carver, and Brockton MA prior to relocating to Ormond Beach, FL in 1989. Al and Diane are the proud parents of Scott & Susan, both graduates of Brockton High School, Brockton, MA. Scott served the the Air Force for 4 years as a Jet Engine Mechanic at Langley AFB. He now resides in Palm Coast,FL and has 2 children, Scott Jr. & Samantha. Susan graduated Bridgewater State College, earned her CPA, and is currently residing in Huntington Beach Ca. with her husband Chris Haberl and their two sons, Max and Jake.  Scott Jr is in the US Navy and currently resides in Virginia with his wife Stephanie and their son Scott III.  Al is the Broker for Ocean View Realty Group in Ormond By The Sea Florida. Al's brother Dan and sister Grace still reside in Quincy, Mass.
 
Ocean View Realty Group in Ormond By The Sea Florida helps buyers and sellers in the local real estate market and also provides rental services including vacation rental homes and condos.