Ormond By The Sea Florida homes for sale August 31 2015

Ormond By The Sea Florida homes for sale

August 31 2015

Homes for sale in Ormond By The Sea Florida

There are 73 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors®  Multiple Listing Service (MLS) as of August 31, 2015. An additional 17 homes are under contract awaiting closing and lenders are involved in 7 of those either as a short sale or foreclosure.  Lenders are involved in 7 of the 73 homes for sale .  Asking prices for Ormond By The Sea homes currently for sale range from $98,000 to $1,695,000.

The inventory of Ormond By The Sea Florida homes for sale has stabilized, which is a good indicator that the market is back to a being more balanced between buyers and sellers.  There are investors waiting for the lower priced homes to come available and if homes come on the market at a reasonable price they are being sold quickly.  

At the beginning of 2012 there were 25 Ormond By The Sea homes under contract and now there are 17, which is another good indicator for the health of the market.

At the beginning of last year there were 85 Ormond By The Sea Florida homes for sale so the inventory has decreased since then.

This chart shows Ormond By The Sea Florida homes for sale as of August 31, 2015. 

Price range in $Thousands	Number	1 Bdrm	2 Bdrm	3 Bdrm	4+ Bdrm	Bank
Under 100	1	0	1	0	0	1
100-149	12	0	11	1	0	2
150-199	13	0	6	7	0	2
200-299	14	0	6	8	0	0
300-499	14	0	1	9	4	2
500-999	16	0	0	11	5	0
Over $1 Million	3	0	1	0	2	0
Total number of homes	73	0	26	36	11	7

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.


Realtor® Rhonda Lehnen of Ocean View Realty Group can also prepare a free market analysis for you if you are thinking of selling your Ormond by the Sea Florida home or condo and help you get your property ready to sell.  Email Realtor® Rhonda at ovforsale@aol.com.

Ormond Owners Report

Ormond Owners Report

Second Quarter 2015

Hello From Ormond By The Sea Florida

Ocean View Condominium Rental Group, Inc. also doing business as Ocean View Realty Group publishes this informative newsletter each quarter and sends it to out of town Ormond By The Sea Florida property owners. Ocean View Realty Group provides non-resident owners a source of local information that they may not otherwise receive. If you have comments, questions or suggestions do not hesitate to contact Ocean View Realty Group. Go to http://www.ormondownersreport.com/ to sign up to receive an email each time a newsletter is published.

BUSINESS BRIEFS

- The Oceanic Motel, built in 1952 at 1059 Ocean Shore Blvd has been sold for $1.4 million. Plans are to demolish the buildings and build a clubhouse with restrooms and a pool for use by residents of a new community near LPGA Blvd.

LOCAL NOTES
- I-95 From Daytona Beach to New Smyrna Beach is being widened to 3 lanes in each direction.
- A new interchange is being added to I-95 in Flagler County at Matanzas.
-Work continues widening I-4 and will last many more months.
-Jet Blue will offer 1 daily non stop between Daytona Beach and JFK in NY beginning in January.
-The hard rock hotel and café was on hold awaiting a decision on beach driving in front of the property.   The county has decided to ban vehicles and allow the $150 million project to go forward.  Construction should begin next year.
-A Westin hotel, is scheduled for completion in 2017 at the former Desert Inn site.
-A new Hilton Garden Inn is expected to be open this summer at 2650 N Atlantic Ave. Daytona Beach.

Ormond By The Sea Florida mid-year condo sales analysis

This table shows the condos sold in Ormond By The Sea Florida for the first 6 months of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS) and compares previous years.

Year	Sales	Low $	High $	Avg sold	Avg ask $	Avg Sq. Ft	per sq. Ft	Avg DOM
2015	53	47,500	360,000	157,656	167,025	1217	$131	163
2014	54	37,500	322,725	$152,806	161,269	1203	$123	106
2013	55	65,000	390,000	$154,222	167,058	1236	$125	122
2012	39	37,000	395,000	$136,588	148,156	1208	$113	108
2011	17	40,425	284,000	$144,320	152,898	1260	$121	94
2010	10	50,000	550,000	$195,211	227,900	1399	$139	226

Contact Ocean View Realty Group If you need information to help you buy, sell or rent your Ormond By The Sea home or condo. Lots of information is available on our web site www.ovrealty.com and our vacation rental web site at www.ormondbeachcondorentals.com or call us at 386-441-8245 or outside Florida a toll free call 1-800-356-3409. Email Deanna or Jeanne for rental information at ovrentals@aol.com Rhonda Lehnen is our Realtor® and can help with buying, leasing or selling. Email Rhonda at ovforsale@aol.com.

Ormond By The Sea Florida mid-year condo sales analysis 2015

Ormond By The Sea Florida mid-year condo sales analysis 2015

This table shows the condos sold in Ormond By The Sea Florida for the first 6 months

of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS)

Year	Sales	Low $	High $	Average sold $	Average ask $	Average Sq. Ft	sq. Ft. avg $	Avg DOM
2015	53	47,500	360,000	157,656	167,025	1217	131	163
2014	54	37,500	322,725	152,806	161,269	1203	127	106
2013	55	65,000	390,000	154,222	167,058	1236	125	122
2012	39	37,000	395,000	136,588	148,156	1208	113	108
2011	17	40,425	284,000	$144,320	152,898	1260	121	94
2010	10	50,000	550,000	195,211	227,900	1399	139	226
2009	12	95,000	474,900	209,027	234,864	1204	174	196
2008	11	137,000	210,000	169,490	187,000	985	172	133
2007	8	130,000	345,000	257,875	273,550	1233	209	81
2006	5	150,000	350,000	255,600	274,200	1131	226	101

The volume of sales has been steady for a few years and values are increasing . Both of those are good indicators for the market.   The increase in days on the market (DOM) may be a product of the lower inventories and market activity since condos that have been on the market longer are now selling.
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