Ormond By The Sea Florida Homes sold in October, 2011
Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 22 Ormond By The Sea, Florida homes sold in October, 2011. Three (3) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 22 homes under contract waiting closing and 10 of those have lender involvement. The highest priced home sold was a 3 bedroom on Ocean Edge Dr for $475,000 and the lowest priced was a 2-bedroom 1 bath on Hibiscus for $65,000.There were as many homes sold in October, 2011 as in the past 14 years. Only 1997 saw more sales, 28, than this October. There were also 22 sales in 2003. The high number of homes under contract (36) and the reduction in the inventory (89 homes for sale) are both good signs that the market may be getting stronger. Until this year the highest number of sales in October since 2003 was 12 and that occurred in 2005 and 2009 so the 22 sales this month is huge amd a great sign that the market is getting closer to being balanced.
Ormond By The Sea, Florida homes sold in October, 2011 by price range.
| Price range $in thousands | Number sold | 1Bdrm | 2Bdrm | 3Bdrm | 4+Bdrm | Lender involved |
| Under $100,000 | 7 | 0 | 6 | 1 | 0 | 3 |
| 100,000-149,999 | 7 | 0 | 4 | 3 | 0 | 0 |
| 150,000-249,999 | 6 | 0 | 1 | 5 | 0 | 0 |
| 250,000+ | 2 | 0 | 0 | 1 | 1 | 0 |
| Total number | 22 | 0 | 11 | 10 | 1 | 3 |
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