2009 Condo Sales Ormond By The Sea, Florida

2009 Condo Sales Ormond By The Sea, Florida

While the number of condos sold through the Daytona Beach Area Association of Realtors Multiple Listing Service in Ormond By The Sea, Florida (59) was higher than the total numbers in 2006 (43) to 2008 (41) it remains much lower than the average of 95 for the years 2000 to 2004 when the market was more “normal”.

Projecting the 59 sales per year forward would mean we currently have a year and a half of inventory, which is still very high and continues to indicate a buyers market.

A complicating factor could be foreclosures, which have shown no sign yet of slowing. There is a possibility that many more foreclosures will be coming on the market over the coming months since we are unable to close on many short sales.

Ocean View Realty Group

For additional information about
Ormond By The Sea rental homes and condos
contact Deanna Thomas, our rental specialist ovrentals@aol.com

Thinking of buying or selling
an Ormond By The Sea home or condo?
Contact Realtor Marion O'Connor or Rhonda Lehnen or Shonda Stebleton at ovforsale@aol.com

Ormond By The Sea home and condo owners....................
picture your property here for rent by Ocean View Realty Group.
Contact Ocean View today. At Ocean View one call does it all!

Vacation rental information is on our vacation rental web site at
www.OrmondBeachCondoRentals.com




Toll free--USA and Canada 1-800-356-3409
Phone 386-441-8245
fax 386-441-2407
mail to:ovrealty@aol.com