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/