Chillin' Out On The Beach Has Closed

Chillin' Out On The Beach Restaurant in Ormond By The Sea Florida Has Closed

       

The Chillin' Out On The Beach Restaurant in Ormond  By The Sea at 2986 Ocean Shore Blvd. has closed.  There is an "available" sign on the building and the restaurant signs have been removed.   This appears to be another victim of the difficult economic times we are facing.

Florida’s condo Market for July 2011

According to figures released recently by the Florida Association of Realtors® forJuly 2011, in Florida's year-to-year comparison for condos, 6,619 condos sold statewide last month compared to 5,904 in July 2010 for an increase of 12 percent. The statewide existing condo median sales price last month was $90,900; in July 2010 it was $87,800, a 4 percent increase.

For the Daytona Beach MSA which includes Volusia and Flagler Counties, Existing Condominium sales were slightly lower than 2010 but the median sales price increased 28% to $152,500 in July 2011.

Five condos sold in Ormond By The Sea, Florida during July, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS).  The total of 5 sales is higher than last July when there were 2 sales.

Ormond By The Sea Florida mid month Market report August 8 2011

Ormond By The Sea Florida Market report

I have been asked to provide a market report for Ormond By The Sea Florida to be published in the Daytona Beach Pennysaver in early September so I thought I would share it here as well.

From July 8 through August 11 there were 19 homes and 7 condos sold in Ormond-by-the-Sea Florida. The homes range in sale price from $63,500 to $455,000. The condos range from $90,000 to $190,000.

There are currently 95 homes For Sale in Ormond by the Sea, ranging from $65,000 to $1,995,000 and 63 condos with asking prices between $98,000 and $520,000.

The inventory has been reduced significantly.

There has been a significant reduction in the inventory of homes and condoe for sale in Ormond by the Sea in the past year.  This time last year there were 101 condos and 120 homes for sale in Ormond By The Sea and at the beginning of 2011 there were 108 homes and 88 condos.  That is a significant inventory reduction and could be an indicator that the Ormond by the Sea market is beginning to stabilize.

This Market report brought to you courtesy of Ocean View Realty Group in House of Donuts Plaza. For Sales and rentals call Realtor® Rhonda Lehnen 386-441-8245 or visit http://www.ovrealty.com/ 

Ormond By The Sea Florida Homes sold in July, 2011

Ormond By The Sea Florida Homes sold in July, 2011

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 17 Ormond By The Sea, Florida homes sold in July, 2011. Five (5) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 33 homes under contract waiting closing and 14 of those have lender involvement. The highest priced home sold was a 3 bedroom on Spanish Waters for $258,000 and the lowest priced was a 2-bedroom 1 bath on Essex Drive for $63,500.
Comparing to last year, there were 18 Ormond By The Sea Florida homes sold in July, 2010 and 5 of those involved the lender. There were 9 homes sold in July 2009.
Ormond By The Sea, Florida homes sold in July, 2011 by price range.

Price range $ in thousands	Number sold	1Bdrm	2Bdrm	3Bdrm	4+Bdrm	Lender involved
Under $100,000	5	0	5	0	0	3
100,000-149,999	6	0	4	2	0	1
150,000-249,999	5	0	1	2	2	1
250,000+	1	0	0	1	0	0
Total number	17	0	10	5	2	5

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 www.ovrealty.com where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

Ormond By The Sea, Florida Condos Sold in July, 2011

Ormond By The Sea, Florida Condos Sold in July, 2011 

Five condos sold in Ormond By The Sea, Florida during July, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), one of which involved a lender. There are also 9 condos under contract pending sales closing and 4 of those involves a lender.

The total of 5 sales is higher than last July when there were 2 sales.

Here is the list of the July, 2011 condo sales.

Condo                         Description       Sold Price

Madeia Villa North      2 bedroom 2 bath      $90,000*
Ocean House             2 bedroom 2 bath    $125,000
Aquarius**                 2 bedroom 2 bath    $152,000
Aquarius**                 2 bedroom 2 bath    $152,500
Tiffany**                    2 bedroom 2 bath    $190,000
**These Condo buildings are directly on the beach
* these sales involved a lender as a short sale or foreclosure.
.

Ormond By The Sea Florida homes for sale July 31, 2011 Homes for sale in

Ormond By The Sea Florida homes for sale July 31, 2011

Homes for sale in Ormond By The Sea Florida

There are 97 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) as of July 31, 2011. An additional 33 homes are under contract awaiting closing. As has been the case in recent months lenders are pricing their properties more aggressively to get quicker sales. Lenders are involved in 10 of the 97 homes for sale (10%) but 14, almost half (42%) of the 33 homes under contract. Asking prices for Ormond By The Sea homes currently for sale range from $75,000 to $1,995,000.


The chart below shows Ormond By The Sea Florida homes for sale by price range.

Or contact Realtor® Rhonda Lehnen at ovforsale@aol.com or call 386-441-8245 for information about Ormond Beach and Ormond By The Sea Florida homes and condos for sale or lease.

Price range in $Thousands	Number	1 Bdrm	2 Bdrm	3 Bdrm	4+ Bdrm	Bank
Under 100	6	0	5	1	0	2
100-149	25	0	21	8	0	3
150-199	18	0	3	11	4	1
200-299	9	0	1	6	2	0
300-499	16	0	0	9	7	2
500-999	16	0	0	8	8	2
Over $1 Million	7	0	0	1	6	0
Total number of homes	97	0	30	44	27	10

To view homes and condos available through Ocean View Realty Group or To search the Daytona Beach Florida Area Association of Realtors® 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.

Ormond By The Sea, Florida Condos for sale by price range July 31, 2011

Ormond By The Sea, Florida Condos for sale by price range July 31, 2011

The chart below shows Ormond By The Sea Florida condos for sale by price range as of July 31, 2011.

Price range in $Thousands	Number for sale	Lender involved	Directly on the beach
Under 100	4	2	1
100-149	18	3	2
150-199	27	2	5
200-299	9	0	8
300-499	11	0	8
500+	1	0	1
Total	70	7	25

Search the Daytona Beach Florida Area Association of Realtors® Multiple Listing Service (MLS) anonymously at the Ocean View Realty Group web site at http://webapps2.planetrealtor.com/idx/pkg_IDX.pr_IDXSearch?sStateID=FL&sRealtorID=1067885&sUserType=R&sSearchStateID=FL&sSearchSource=X or contact Realtor® Rhonda Lehnen at ovforsale@aol.com or call 386-441-8245 for information about Ormond beach and Ormond By The Sea Florida homes and condos for sale or lease.

Ormond By The Sea, Florida Condos for sale as of July 31, 2011

Ormond By The Sea, Florida Condos for sale as of July 31, 2011

As of July 31, 2011 we have 70 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS). There are 49 priced under $200,000 and 2 of those are under $100,000. Additionally, there are 9 condos under contract pending closing of which 4 involve the lender. There are 7 of the 70 condos for sale involving a lender , either short sales or foreclosures. At the end of 2010 there were 88 condos for sale so the inventory has come down about 20% so far this year. 

Below is a table breaking down the inventory by condominium name.

Condo name	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	1	289,000	289,000	1973	Yes
Atlantic 22	1	159,900	159,900	1990	No
Barrier Island	4	194,900	390,000	2000	No
Capriana	6	375,000	520,000	2006	Yes
Corinthian	2	99,000	104,900	1974	No
Court of Palms	0	0	0	1968	No
Fairwind Shores	3	130,000	189,000	83-87	No
Gemini	1	359,000	399,900	1984	Yes
Kingston Shores	4	98,000	199,900	1973	No
Las Olas	1	399,000	399,000	1997	No
Leeward Winds	4	150,000	182,900	1990	No
Madeira Villa N,C and South	1	136,900	136,900	71-72	No
Mariners Bay	1	133,00	133,00	1981	No
Ocean Dunes	3	150,000	172,900	1978	No
Ocean House	1	209,000	209,000	83-85	No
Ocean Shores	0	0	0	1973	No
Ocean Watch	2	150,000	169,900	1986	No
Oceanaire	1	135,900	135,900	1984	No
Oceanside	0	0	0	1973	No
Ormond Breakers	6	114,900	170,000	1974	No
Ormond By The Sea Club	1	214,900	214,900	1972	Yes
Ormondy	1	299,000	299,000	1986	Yes
Regency Plaza	6	140,000	206,000	1974	Yes
Sand Dunes	0	0	0	1985	No
Sands Point	1	99,000	99,000	1971	Yes
Seabridge	3	124,500	167,900	1991	No
Seabridge North	2	179,900	199,000	1994	No
Seascape	0	0	0	1983	No
Spinnaker	0	0	0	1987	No
Shoreham	0	0	0	1972	Yes
Starboard Light	3	144,900	179,000	1981	No
Sunny Beach Club	0	0	0	1990	No
Sunrise	2	129,000	179,900	1986	No
Surfside Club	4	170,000	239,424	1971	Yes
Tiffany	2	299,900	400,000	1991	Yes
Villa Sereno	1	129,900	129,900	1973	No
Winchester Manor	0	0	0	1974	No
Windemere Shores	0	0	0	1973	No

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 the Ocean View Realty Group web site.