Saturday, October 15, 2011

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


Ormond By The Sea Florida 3rd Quarter home 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 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.

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