Thursday, September 11, 2014

Ormond By The Sea Florida mid year condo sales analysis



Ormond By The Sea Florida mid-year condo sales analysis

This table shows the condos sold in Ormond By The Sea Florida for the first 6 months
of the year through the Daytona Beach Area Realtors@ Multiple Listing Service (MLS).

Year
Sales
Low $
High $
Average sold $
Average
ask $
Average
Sq. Ft
sq. Ft. avg $
Avg DOM
2014
54
37,500
322,725
152,806
161,269
1203
127
106
2013
55
65,000
390,000
154,222
167,058
1236
125
122
2012
39
37,000
395,000
136,588
148,156
1208
113
108
2011
17
40,425
284,000
$144,320
152,898
1260
121
94
2010
10
50,000
550,000
195,211
227,900
1399
139
226
2009
12
95,000
474,900
209,027
234,864
1204
174
196
2008
11
137,000
210,000
169,490
187,000
985
172
133
2007
8
130,000
345,000
257,875
273,550
1233
209
81
2006
5
150,000
350,000
255,600
274,200
1131
226
101

The volume of sales is up and values are increasing . Both of those are good indicators for the market. The increase in days on the market may be a product of the lower inventories and market activity since condos that have been on the market longer are now selling.

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