Ormond By The Sea, Florida Condos Sold March, 2011

Ormond By The Sea, Florida Condos Sold March, 2011

 

Regency Plaza Condo

 Five condos sold in Ormond By The Sea, Florida during March, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), two of which involved a lender.  That number is consistent with the 2010 average of 5.5 sales each month.  March, 2009 had 4 sales and there were 5 sales in 2010.   
There are also 15 condos under contract pending sales closing and 8 of those involves a lender.

Of the 85 condos actively for sale on the market, 6 involve a lender.

The high inventory of  85 Ormond By The Sea condos for sale continues to indicate a buyers market and is about 17 months of inventory if we continue to sell 5 each month.  There was an average of 5.5 condos sold each month in 2010.Here is the list of the March, 2011 condo sales. 

  Condo                    Description              Sold Price

Winchester Manor         2 bedroom 1 bath              $40,425 **
Regency Plaza  *             1 bedroom 1 bath             $125,000
Windemere Shores          2 bedroom 2 bath             $140,000
Regency Plaza *              2 bedroom 2 bath             $155,000**
Las Olas                           3 bedroom 3 bath              $244,793
  *These Condo buildings are directly on the beach
 ** these sales involved a lender as a short sale or foreclosure.
. 

Ormond By The Sea, Florida Quarterly homes sold analysis,first quarter 2011

Quarterly homes sold analysis for the first quarter 2011 in Ormond By The Sea, Florida

Almost half of the 40 homes sold in Ormond By The Sea, Florida during the first quarter of 2010, through the Daytona Beach area Association of Realtors® multiple listing service (MLS) had lender involvement.  Lender involvement would be a short sale, foreclosure or lender owned property. 
The lowest sold price during the quarter was $50,000 for a 2 bedroom  1 bath on River Shore Drive and the highest was a 3 bedroom 3 bath on John Anderson Drive. 

Comparing 2011 to previous years, the chart below shows the continuing decline in values and an increase in the number of sales.


Ormond By The Sea, Florida homes sold in the first calendar quarter (January to March) by year.
Year        Sold         Lowest $           Highest $        Average sold price

2011         40            50,000            385,000                131,156
2010         34            67,000            599,000                159,200
2009         28            66,000            475,000                135,900
2008         29            80,000            500,000                191,200
2007         30          120,000         1,185,000                253,500
2006         22          190,000            600,000                285,800


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/.

Vacation rental information is at http://www.ormondbeachcondorentals.com/

2222 Ocean Shore Blvd., Condo For Sale, Ormond By The Sea

Ocean House Condo 
in Ormond By The Sea Florida $169,000  
Ocean House condo #105B
2222 Ocean Shore Blvd
Ormond Beach FL 32176 
Nicely furnished and decorated and with newer appliances, this 2 Bedroom 2 Bath condo has fabulous ocean views for a first floor unit. All new furniture within the past 2 years and storm shutters. Ocean House Condo also features a centrally located pool, underground parking and laundry facilities inside each unit. This is a real pretty unit so if you like Ocean House you should take a look at this one. Move right in. You have a reserved parking space close to your door or use the underground parking. Unit 105B is an end unit next to the pool. The master bedroom is spacious and features a queen bed, TV, and walk in shower. The utility room has a full size washer & dryer.

 For additional information and pictures visit:   http://www.ovrealty.com/Ocean_House_105B.php

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 specialists – 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

Ormond by The Sea, Florida Publix opens liquor store

Publix has opened a liquor store at the Ormond Mall in Ormond By The Sea at

1258 Ocean Shore Blvd. The new liquor store is south of the Publix Supermarket at the Ormond Mall.  The new store has a good selection of liquor, beer and wine, mixers and ice so stop in and check it out.  Look for the weekly specials to save some money.  Ormond Mall is on SR A1A about 3 miles north of  Granada Blvd.(S.R.40).    For addition information call 386-441-0414.

For buying or selling Ormond By The Sea real estate contact one of our Realtors, Rhonda Lehnen or Shonda Stebleton at ovforsale@aol.com

Ormond By The Sea, Florida Condos for sale by price range March 31, 2011

Ormond By The Sea, Florida Condos for sale by price range March 31, 2011

The chart below shows Ormond By The Sea Florida condos for sale by price range as of March 31, 2011

Price range in $Thousands	Number  for sale	Lender involved	Directly on the beach
Under 100	5	1	1
100-149	14	1	1
150-199	36	4	12
200-299	11	0	8
300-499	14	0	12
500+	2	0	2
Total	82	6	36

Ormond By The Sea Florida homes for sale March 31, 2011

Ormond By The Sea Florida homes for sale March 31,  2011 

There are 92 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Realtors®  Multiple Listing Service as of March 31, 2011.   An additional  45 homes are under contract awaiting closing.  As has been the case in recent months lenders are pricing their properties more aggressively to get quicker sales.  Lenders are involved in 12 of the 92 homes for sale (13%) and 27 (60%) of the 45 homes under contract. 

Asking prices for Ormond By The Sea homes currently for sale range from $62,000 to $1,995,000.


The chart below shows Ormond By The Sea Florida homes for sale by price range. 

Price range in $Thousands	Number	1 Bdrm	2 Bdrm	3 Bdrm	4+ Bdrm	Bank
Under 100	6	0	5	1	0	3
100-149	28	0	20	7	1	4
150-199	15	0	4	11	0	2
200-299	11	0	1	8	2	2
300-499	14	0	0	10	4	1
500-999	14	0	0	11	3	0
Over $1 Million	4	0	0	0	4	0
Total number of homes	92	0	30	48	11	12

To view homes and condos available through Ocean View Realty Group or 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 this Ocean View Realty Group web site. 

Ormond By The Sea, Florida Condos for sale as of March 31, 2011

Ormond By The Sea, Florida Condos
for sale as of March 31, 2011 

As of March 31, 2011 we have 82 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS).  There are 55 priced under $200,000 and 5 of those are under $100,000. Additionally, there are 15 condos under contract pending closing of which 8 involve the lender.  There are 6 of the 85 condos for sale involving a lender , either short sales or foreclosures. 

  Many owners have turned to rentals or have decided to wait until the market improves to put their condo back on the market. 

 Below is a table breaking down the inventory by condominium name.

Condo name	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	8	182,500	289,000	1973	Yes
Atlantic 22	1	169,000	169,900	1990	No
Barrier Island	2	199,500	390,000	2000	No
Capriana	8	349,000	590,000	2006	Yes
Corinthian	1	111,000	111,000	1974	No
Court of Palms	0	0	0	1968	No
Fairwind Shores	2	174,900	219,000	83-87	No
Gemini	3	395,000	459,000	1984	Yes
Kingston Shores	8	59,900	219,900	1973	No
Las Olas	1	399,900	399,900	1997	No
Leeward Winds	2	175,000	194,500	1990	No
Madeira Villa N,C and South	1	139,000	139,900	71-72	No
Ocean Dunes	2	150,000	175,000	1978	No
Ocean House	3	156,000	169,900	83-85	No
Ocean Shores	1	49,900	49,900	1973	No
Ocean Watch	0	0	0	1986	No
Oceanaire	0	0	0	1984	No
Oceanside	0	0	0	1973	No
Ormond Breakers	2	129,900	170,000	1974	No
Ormond By The Sea Club	1	215,900	215,900	1972	Yes
Ormondy	0	0	0	1986	Yes
Regency Plaza	6	135,000	206,000	1974	Yes
Sand Dunes	1	139,900	139,900	1985	No
Sands Point	2	99,000	279,900	1971	Yes
Seabridge	4	139,000	199,000	1991	No
Seabridge North	6	129,000	199,000	1994	No
Seascape	2	145,000	179,900	1983	No
Spinnaker	0	0	0	1987	No
Shoreham	0	0	0	1972	Yes
Starboard Light	0	0	0	1981	No
Sunny Beach Club	0	0	0	1990	No
Sunrise	2	159,000	185,900	1986	No
Surfside Club	3	175,000	194,900	1971	Yes
Tiffany	4	229,000	699,000	1991	Yes
Villa Sereno	2	112,500	135,900	1973	No
Winchester Manor	1	99,950	99,950	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.