September 2007 Ormond By The Sea condo market

September 2007 Ormond By The Sea condo market Please note that the statistics I quote in these Ormond By The Sea condo market update articles are taken from the Daytona Beach Area MLS.Four condos sold in September 2007 and that compares favorably to 4 sales in 2006 and 6 sales in 2005. Only one of the 2007 sales was a 2 bedroom 2 bath across A1A from the beach and it sold for $215,000 which appears to be in the range with the past couple of months ($208,000 in July and $212,000 in August). Activity has continued at a relatively stable pace as far as potential buyers "looking" and inquiring about condos for sale. Some potential buyers may have been waiting to see if there would be a problem with hurricanes, and there was not, or if prices would go lower, and they have not. Adding low interest rates to the mix makes this a good time to buy.There are 130 condos for sale in Ormond By The Sea, of which 101 are 2 bedroom 2 bath and 79 are across A1A from the beach. Asking prices range from $183,000 at Kingston Shores to $374,000 at Sunrise. Ocean View condos (non townhouse) prices begin at $215,000. There are 42 condos (2 bedroom 2 bath) priced at $250,000 or less and 20 priced at $290,000 or more. An additional 13 condos were withdrawn from the market or had a listing contract expire in Ormond By The Sea in September 2007.For information about Ormond Beach and Ormond By The Sea homes and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/. Marion O’Connor is our sales specialist – ovforsale@aol.com Deanna Thomas is our rental specialist – ovrentals@aol.com Ocean View Realty Group1350 Ocean Shore Blvd. Suite A Ormond Beach, Fl 32176 386-441-8245Fax 386-441-2407 Toll free USA & Canada 1-800-356-3409 Vacation rental information is at http://www.ormondbeachcondorentals.com/