Ormond By The Sea, Florida Quarterly homes sold analysis for the Second quarter

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

Almost half (19) of the 53 homes sold in Ormond By The Sea, Florida during the second quarter of 2011, 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 $58,660 for a 2 bedroom  2 bath on Palmetto Drive and the highest was a 4 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.  Average living area for homes sold was 1585 and the average list price was $156,982.  The average sale is at about 95% of the list price for the second quarter 2011 sales.


Ormond By The Sea, Florida homes sold in the second calendar quarter (April to June) by year.

Year        Sold         Lowest $           Highest $        Average sold price

2011         53            58,660            895,000                156,982
2010         51            60,000            485,000                133,709
2009         32            67,500            430,000                132,089
2008         42            74,000            500,000                156,937
2007         23          120,000            847,500                221,778
2006         49          155,000            1,200,000             337,758


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/