Ormond By The Sea Florida 3rd Quarter home sales analysis 2011

Ormond By The Sea Florida 3^rd Quarter home 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 home 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	44	63500	455000	141,406	150,834	1389	102	80
2010	54	45000	290000	122892	136354	1268	97	130
2009	42	60000	367000	144700	159804	1395	104	126
2008	56	72000	1688500	223991	251700	1491	150	124
2007	32	118215	1250000	298644	323045	1541	194	94
2006	32	135000	800000	284677	308556	1447	197	100
2005	79	180000	1000000	292881	302524	1360	215	58
2004	55	135000	855000	249966	261364	1500	167	48
2003	68	83000	712000	181987	189319	1446	126	69
2002	71	66000	590000	168744	177027	1535	110	65
2001	58	59000	800000	138458	143284	1436	96	56

Of the 44 Ormond By The Sea Florida homes sold in the 3rd Quarter 2011, 12 involved the lender as either a short sale or foreclosure, less than 30%.  Only 2006, 2007 and 2009 had fewer sales than this past quarter than in any year since 2001.  The 2011 total was 18% lower than 2010.

The average price per square foot has remained fairly stable since 2009.  While values have increased over last year, they are now within the 2001-2002 range so we are back to where we were about 10 years ago.

Homes sold were on the market for an average of only 80 days, which is the fewest average DOM since 2005 and the first time that number has gone down since 2007.