Ormond By The Sea Florida 3rd Quarter condo sales analysis

Ormond By The Sea Florida 3^rd Quarter condo sales analysis

This table shows sales in the July (1^st) to September (30^th) 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.