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Thursday, October 27, 2011

Ormond By The Sea, Florida Condos for sale by price range September 30, 2011

Ormond By The Sea, Florida Condos for sale by price range September 30, 2011

The chart below shows Ormond By The Sea Florida condos for sale by price range as of September 30, 2011.
Price range in
$Thousands
Number
for
sale
Lender involved
Directly
on
the
beach
Under 100
4
2
1
100-149
17
2
2
150-199
21
2
5
200-299
9
0
8
300-499
9
0
7
500+
1
0
1
Total
61
6
24

Wednesday, October 26, 2011

Ormond By The Sea, Florida Condos Sold in September, 2011

Ormond By The Sea, Florida Condos Sold in September, 2011 
Six condos sold in Ormond By The Sea, Florida during September, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), one of which involved a lender as a short sale or foreclosure.
There are also 16 condos under contract pending sales closing and 8 of those
involve a lender.
The six sales is higher than the 2010 monthly average of 5.5 sales and one less than the September 2010 total of 7 sales. The six sales also compares favorably to the number of sales in recent years. There were six Ormond By The Sea condos sold in September 2005 and 5 or fewer in every September since 2006.
Here is the list of the September, 2011 condo sales.
Condo Description Sold Price
Ormond Breakers 2 bedroom 2 bath $99,000
Sunrise 2 bedroom 2 bath $122,000
Ormond Breakers 2 bedroom 2 bath $137,000
Surfside Club** 2 bedroom 2 bath $160,000*
Seabridge North 2 bedroom 2 bath $155,000
Surfside Club** 2 bedroom 2 bath $216,000

*
*These Condo buildings are directly on the beach
* these sales involved a lender as a short sale or foreclosure.

There are many reasons why there are wide variations in sales prices within the same condo building. Some of the factors include:
1. Condo units on the first floor are always more difficult to sell and usually command a lower price. Everybody wants a better view and more security.
2. The condition of the unit is important especially if there have been updates and if hurricane shutters have been added.
3. End units and those that directly face the ocean usually bring a higher price.
4. Bank owned units are generally less desirable and bring lower prices.
..

Monday, October 24, 2011

Ormond By The Sea Florida 3rd Quarter condo sales analysis



Ormond By The Sea Florida 3rd Quarter condo sales analysis
This table shows sales in the July (1st) to September (30th) quarter by year for 10 years to analyze the Ormond By The Sea Florida condo sales and make year by year comparisons.
Year
# Sales
Low $
Sold
High $
Sold
Average
Sold $
Average ask $
Average
Sq. Ft
Price/sq.
Ft. avg $
Average Days
On market
2011
17
85600
495000
180024
203737
1354
133
199
2010
15
65000
530000
151400
165520
1169
130
108
2009
22
59900
595000
186864
214481
1167
160
164
2008
11
110000
720000
238264
262963
1212
197
162
2007
20
125000
825000
292620
318490
1167
251
180
2006
15
191000
410000
268393
281440
1246
215
103
2005
26
149900
840000
325931
338250
1251
261
36
2004
24
170000
599000
276575
248229
1307
212
61
2003
45
92600
320000
186491
193218
1174
159
70
2002
35
55000
339000
144104
148810
1165
124
39
2001
19
51500
252000
129121
136666
1187
109
63

The number of sales this year is higher than the past 2 years and is a good indicator that the market is improving. Whise the number of days condos were on the market this year increased, the average sold price increased significantly. Only 3 of the 17 sales were foreclosures or short sales and many of the lowest priced distressed properties have been liquidated from the inventory. Those properties will sell very quickly as they are put on the market now with the increased market activity and availability of financing.

Wednesday, October 19, 2011

Ocean Front Condo For Sale in Ormond By The Sea, FL

Ocean Front Condo For Sale in Ormond By The Sea, Florida
Regency Plaza Condo #1103

1415 Ocean Shore Blvd
Ormond Beach, FL 3217

Regency Plaza Condo 1103 is a 2 bedroom 2 bath on the 11th floor of the direct ocean front condo in Ormond By the Sea, Florida. This condo features carpeted bedrooms and ceramic tile throughout the rest of the unit. Both bedrooms have a T.V and ocean view. The mirrored living room wall provides excellent views of the ocean from anywhere in the room. The master bedroom has a queen bed and the guest room has 2 futons. The updated kitchen includes an icemaker, microwave, dishwasher, disposal, lot of cabinets and everything you need.  Being sold fully furnished.



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/.

Rhonda Lehnen is our sales
specialist – ovforsale@aol.com
Deanna Thomas and Jeanne Labonte are our rental specialist – ovrentals@aol.com
Ocean View Realty Group
1350 Ocean shore Blvd. Suite A
Ormond Beach, Fl 32176
386-441-8245
Fax 386-441-2407
Toll free USA & Canada 1-800-356-3409
Vacation rental information is at www.ormondbeachcondorentals.com











Saturday, October 15, 2011

Ormond By The Sea, Florida Condos for sale as of September 30, 2011


Ormond By The Sea, Florida Condos for sale as of September 30, 2011

As of September 30, 2011 we have 61 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS). There are 42 priced under $200,000 and 4 of those are under $100,000. Additionally, there are 18 condos under contract pending closing of which 8 involve the lender as a short sale or foreclosure. There are 6 of the 61 condos for sale involving a lender , either short sales or foreclosures.

Below is a table breaking down the inventory by condominium name.
Condo name
For
Sale
Lowest $
Highest $
Year Built
Directly
On The Beach
Aquarius
4
179,900
289,000
1973
Yes
Atlantic 22
1
159,900
159,900
1990
No
Barrier Island
6
189,900
390,000
2000
No
Capriana
6
375,000
520,000
2006
Yes
Corinthian
2
99,000
104,900
1974
No
Court of Palms
0
0
0
1968
No
Fairwind Shores
3
130,000
189,000
83-87
No
Gemini
2

245,000
359,000
1984
Yes
Kingston Shores
5
98,000
199,900
1973
No
Las Olas
0
0
0
1997
No
Leeward Winds
3
164,900
175,000
1990
No
Madeira Villa N,C
and South
2
120,000

134,900
71-72
No
Mariners Bay 1 127,000 127,000 1981 No
Ocean Dunes
1
139,000
139,000
1978
No
Ocean House
1

199,000
199,000
83-85
No
Ocean Shores
0
0
0
1973
No
Ocean Watch
2
145,000
169,900
1986
No
Oceanaire
1
124,900
124,900
1984
No
Oceanside
0
0

0
1973
No
Ormond Breakers
1
165,900
165,900
1974
No
Ormond By The Sea Club
1
214,900

214,900
1972
Yes
Ormondy
1
189,000
189,000
1986
Yes
Regency Plaza
6
140,000
206,000
1974
Yes
Sand Dunes
0
0
0
1985
No
Sands Point
1
89,000
89,000
1971
Yes
Seabridge
3
118,000
169,900
1991
No
Seabridge North
1
158,900
158,900
1994
No
Seascape
0
0
0
1983
No
Spinnaker
1
100,000
100,000
1987
No
Shoreham
0
0
0
1972
Yes
Starboard Light
2
144,900
179,000
1981
No
Sunny Beach Club
0
0

0
1990
No
Sunrise
0
0
0
1986
No
Surfside Club
1
249,500
249,500
1971
Yes
Tiffany
2
299,900
349,000
1991
Yes
Villa Sereno
1
129,900
129,900
1973
No
Winchester Manor
0

0
0
1974
No
Windemere Shores
0
0
0
1973
No
To search the Daytona Beach Florida area multiple listing Service (MLS) for homes and condos for sale in Ormond Beach and Ormond By The Sea Florida go to the sales page of the Ocean View Realty Group web site. 

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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 was married to the late 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 was in the US Navy and has a son Scott III and a daughter Hannah.  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.