Ormond By The Sea Florida condos sold first half 2010

Through the Daytona Beach Area Realtors Multiple Listing Service (MLS) there were 30 Ormond By The Sea, Florida condos sold in January to June,  2010.  Comparing to previous years there were 22 condos sold in the first half of 2009, 19 in 2008, and 22 in the first half of 2007 so the number of sales has been relatively stable. The highest priced condo sold was a 3-bedroom at the Capriana for $550,000 and the lowest priced was a 1-bedroom 1 bath at Ocean Shores condo for $50,000.  Only 4 of the sales were foreclosures or short sales.
There remains over 3 years of inventory at the rate of selling 30 every 6 months with 109 condos currently for sale.  Anything over 6 months of inventory would indicate a buyers market.  The biggest obstacle to getting the condo market back to "normal" is the lack of readily available financing.

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.