Ormond By The Sea, Florida Condos for sale by price range September 30, 2011

Ormond By The Sea, Florida Condos for sale by price range September 30, 2011

The chart below shows Ormond By The Sea Florida condos for sale by price range as of September 30, 2011.

Price range in $Thousands	Number for sale	Lender involved	Directly on the beach
Under 100	4	2	1
100-149	17	2	2
150-199	21	2	5
200-299	9	0	8
300-499	9	0	7
500+	1	0	1
Total	61	6	24

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

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

Six condos sold in Ormond By The Sea, Florida during September, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), one of which involved a lender as a short sale or foreclosure.
There are also 16 condos under contract pending sales closing and 8 of those involve a lender.
The six sales is higher than the 2010 monthly average of 5.5 sales and one less than the September 2010 total of 7 sales. The six sales also compares favorably to the number of sales in recent years. There were six Ormond By The Sea condos sold in September 2005 and 5 or fewer in every September since 2006.

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

Condo Description Sold Price

Ormond Breakers 2 bedroom 2 bath $99,000
Sunrise 2 bedroom 2 bath $122,000
Ormond Breakers 2 bedroom 2 bath $137,000
Surfside Club** 2 bedroom 2 bath $160,000*
Seabridge North 2 bedroom 2 bath $155,000Surfside Club** 2 bedroom 2 bath $216,000

**These Condo buildings are directly on the beach
* these sales involved a lender as a short sale or foreclosure.

There are many reasons why there are wide variations in sales prices within the same condo building. Some of the factors include:
1. Condo units on the first floor are always more difficult to sell and usually command a lower price. Everybody wants a better view and more security.
2. The condition of the unit is important especially if there have been updates and if hurricane shutters have been added.
3. End units and those that directly face the ocean usually bring a higher price.
4. Bank owned units are generally less desirable and bring lower prices.
..

Ormond By The Sea Florida 3rd Quarter condo sales analysis

Ormond By The Sea Florida 3^rd Quarter condo sales analysis

This table shows sales in the July (1^st) to September (30^th) quarter by year for 10 years to analyze the Ormond By The Sea Florida condo sales and make year by year comparisons.

Year	# Sales	Low $ Sold	High $ Sold	Average Sold $	Average ask $	Average Sq. Ft	Price/sq. Ft. avg $	Average Days On market
2011	17	85600	495000	180024	203737	1354	133	199
2010	15	65000	530000	151400	165520	1169	130	108
2009	22	59900	595000	186864	214481	1167	160	164
2008	11	110000	720000	238264	262963	1212	197	162
2007	20	125000	825000	292620	318490	1167	251	180
2006	15	191000	410000	268393	281440	1246	215	103
2005	26	149900	840000	325931	338250	1251	261	36
2004	24	170000	599000	276575	248229	1307	212	61
2003	45	92600	320000	186491	193218	1174	159	70
2002	35	55000	339000	144104	148810	1165	124	39
2001	19	51500	252000	129121	136666	1187	109	63

The number of sales this year is higher than the past 2 years and is a good indicator that the market is improving. Whise the number of days condos were on the market this year increased, the average sold price increased significantly. Only 3 of the 17 sales were foreclosures or short sales and many of the lowest priced distressed properties have been liquidated from the inventory. Those properties will sell very quickly as they are put on the market now with the increased market activity and availability of financing.

Ocean Front Condo For Sale in Ormond By The Sea, FL

Ocean Front Condo For Sale in Ormond By The Sea, Florida

Regency Plaza Condo #1103

1415 Ocean Shore Blvd

Ormond Beach, FL 3217

Regency Plaza Condo 1103 is a 2 bedroom 2 bath on the 11th floor of the direct ocean front condo in Ormond By the Sea, Florida. This condo features carpeted bedrooms and ceramic tile throughout the rest of the unit. Both bedrooms have a T.V and ocean view. The mirrored living room wall provides excellent views of the ocean from anywhere in the room. The master bedroom has a queen bed and the guest room has 2 futons. The updated kitchen includes an icemaker, microwave, dishwasher, disposal, lot of cabinets and everything you need.  Being sold fully furnished.



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/.

Rhonda Lehnen is our sales
specialist – ovforsale@aol.com
Deanna Thomas and Jeanne Labonte are our rental specialist – ovrentals@aol.com
Ocean View Realty Group
1350 Ocean shore Blvd. Suite A
Ormond Beach, Fl 32176
386-441-8245
Fax 386-441-2407
Toll free USA & Canada 1-800-356-3409
Vacation rental information is at www.ormondbeachcondorentals.com

Ormond By The Sea, Florida Condos for sale as of September 30, 2011

Ormond By The Sea, Florida Condos for sale as of September 30, 2011

As of September 30, 2011 we have 61 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS). There are 42 priced under $200,000 and 4 of those are under $100,000. Additionally, there are 18 condos under contract pending closing of which 8 involve the lender as a short sale or foreclosure. There are 6 of the 61 condos for sale involving a lender , either short sales or foreclosures.

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

Condo name	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	4	179,900	289,000	1973	Yes
Atlantic 22	1	159,900	159,900	1990	No
Barrier Island	6	189,900	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	2	245,000	359,000	1984	Yes
Kingston Shores	5	98,000	199,900	1973	No
Las Olas	0	0	0	1997	No
Leeward Winds	3	164,900	175,000	1990	No
Madeira Villa N,C and South	2	120,000	134,900	71-72	No
Mariners Bay	1	127,000	127,000	1981	No
Ocean Dunes	1	139,000	139,000	1978	No
Ocean House	1	199,000	199,000	83-85	No
Ocean Shores	0	0	0	1973	No
Ocean Watch	2	145,000	169,900	1986	No
Oceanaire	1	124,900	124,900	1984	No
Oceanside	0	0	0	1973	No
Ormond Breakers	1	165,900	165,900	1974	No
Ormond By The Sea Club	1	214,900	214,900	1972	Yes
Ormondy	1	189,000	189,000	1986	Yes
Regency Plaza	6	140,000	206,000	1974	Yes
Sand Dunes	0	0	0	1985	No
Sands Point	1	89,000	89,000	1971	Yes
Seabridge	3	118,000	169,900	1991	No
Seabridge North	1	158,900	158,900	1994	No
Seascape	0	0	0	1983	No
Spinnaker	1	100,000	100,000	1987	No
Shoreham	0	0	0	1972	Yes
Starboard Light	2	144,900	179,000	1981	No
Sunny Beach Club	0	0	0	1990	No
Sunrise	0	0	0	1986	No
Surfside Club	1	249,500	249,500	1971	Yes
Tiffany	2	299,900	349,000	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.