Ocean View Realty Group updates Real estate Market Watch web site page for May 2016 activity

Ocean View Realty Group updates Real estate Market Watch web site page for May 2016 activity

Ocean View Realty Group has updated the Ormond By The Sea Florida Real estate market watch page on its web site to reflect May 2016 activity.  Numbers of homes and condos for sale as of May 31, 2016  are indicated as well as the sales of Ormond By The Sea Florida homes and condos during the month of May 2016.   Condos for sale is presented by price range and by condo name so you can look at what is for sale in any Ormond By The Sea Condo building.

Quarterly analysis charts of condo sales and for home sales is available for the 1st quarter of 2016, along with a chart comparing the volume of sales for Ormond By The Sea Florida  homes and condos in the month to sales in the same month in prior years.   

Home and condo sales analysis information is also presented for all of 2015 comparing 2015 to activity in prior years.

All information is taken from the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS).  View the updated information at http://ovrealty.com/Market_Watch.html

For additional information about Ormond Beach and Ormond By The Sea Florida homes and condos for sale and for rent contact Realtor® Rhonda Lehnen at Ocean View Realty Group 386-441-8245 or email to  ovforsale@aol.com . You can search the entire Daytona Beach area Multiple Listing Service (MLS)  which includes the entire Daytona Beach area,  Ormond Beach and Ormond By The Sea Florida on 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 You do not need to sign up or give your name to search the MLS on our web site.

Contact Realtor® Rhonda Lehnen of Ocean View Realty Group at 386-441-8245 today for additional information and to get a free market analysis for your Ormond By The Sea home or condo.

Ormond By The Sea Florida        

Ormond By The Sea is a little piece of paradise, with a soft gentle ocean breeze off the Atlantic Ocean.  With the Atlantic ocean to the east and the Halifax River to the west, the city of Ormond Beach to the south and Flagler Beach to the north, Ormond By The Sea is in the middle of it all, a little island paradise.

The slower pace in Ormond By The Sea allows you to enjoy the beautiful views all around.  You can stop at many of the parks in Ormond By The Sea and admire a colorful sunrise over the Atlantic Ocean or a slow setting sun across the intracoastal waterway.  

Ormond By The Sea Florida Condos Sold May 2016

Ormond By The Sea Florida Condos Sold May 2016

Nine condos sold in Ormond By The Sea Florida during May 2016 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), none of which involved a lender as a short sale or foreclosure.  There are four under contract pending sales closing and none of these involve a lender.

Here is the list of the May 2016 Ormond By The Sea condo sales.

Condo Building	Sales	low price	High price	On Beach	Bank
Ocean Side	1	145,000	145,000	No	0
Seawinds	2	275,000	280,000	yes	0
Court of Palms	1	154,000	154,000	no	0
Seabridge South	2	165,000	177,000	no	0
Ocean Watch	1	165,000	165,000	no	0
Van Lee	1	325,000	325,000	yes	0
Ocean Aire	1	372,000	372,000	no	0

Here is a chart of Ormond By The Sea condo sales showing how 2016 compares to previous years for this month.

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.

If you are thinking of selling contact Realtor® Rhonda Lehnen of Ocean View Realty Group at 386-441-8245 today for additional information and to get a free market analysis for your Ormond By The Sea condo or home. Email Rhonda at ovforsale@aol.com.

Ormond By The Sea Florida homes for sale May 31, 2016

Ormond By The Sea Florida homes for sale

May 31, 2016

Homes for sale in Ormond By The Sea Florida

There are 59 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors®  Multiple Listing Service (MLS) as of May 31, 2016, 4 less than the end of last month. An additional 22 homes are under contract awaiting closing and lenders are involved in 4 of these either as a short sale or foreclosure.  Lenders are involved in 2 of the 59 homes for sale .  Asking prices for Ormond By The Sea homes currently for sale range from $118,000 to $1,695,000.

The inventory of Ormond By The Sea Florida homes for sale has stabilized, which is a good indicator that the market is back to a being more balanced between buyers and sellers.  There are investors waiting for the lower priced homes to come available and if homes come on the market at a reasonable price they are being sold quickly.  

At the beginning of last year there were 85 Ormond By The Sea Florida homes for sale so the inventory has decreased since then and is remaining low.

This chart shows Ormond By The Sea Florida homes for sale by price range as of May 31, 2016

Price range in $Thousands	Number	1 Bdrm	2 Bdrm	3 Bdrm	4+ Bdrm	Bank
Under 150	2	0	2	0	0	1
150-199	11	0	6	5	0	1
200-299	15	0	2	8	5	0
300-499	12	0	0	8	4	0
500-999	16	0	0	8	8	0
Over $1 Million	3	0	0	0	3	0
Total number of homes	59	0	10	29	20	1

To view homes and condos available through Ocean View Realty Group or 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.
Realtor® Rhonda Lehnen of Ocean View Realty Group can also prepare a free market analysis for you if you are thinking of selling your Ormond by the Sea Florida home or condo and help you get your property ready to sell.  Email Realtor® Rhonda at ovforsale@aol.com.

Ormond By The Sea Florida 1st Quarter home sales analysis 2016

Ormond By The Sea Florida 1st Quarter home sales analysis 2016

This table shows in the January(1st) to March (31st) quarter by year for previous years to analyze the Ormond By The Sea Florida home sales and make year by year comparisons.

1st Quarter home sales for Ormond by The Sea Florida

Year	# Sales	Low $ Sold	High $ Sold	Average Ask $	Avg Sold $	Avg Sq. Ft	$/Sq.Ft	Avg DOM
2016	62	110,000	600,000	227,533	216,326	1511	143	110
2015	53	81,000	675,000	214,955	205,392	1437	143	90
2014	52	57,000	387,500	197,060	187,123	1460	135	81
2013	48	58,900	649,000	172,492	161,760	1363	127	86
2012	43	45,100	575,000	156,041	169,060	1505	103	139
2011	38	57,000	475,000	161,325	150,872	1482	102	122
2010	44	42,500	870,000	169,903	148,401	1405	106	132
2009	50	50,000	420,000	150,551	162,915	1458	112	134
2008	16	71,000	330,000	156,431	144,259	1311	110	57
2007	24	100,000	975,000	258,988	239,277	1314	182	147
2006	33	142,700	950,000	281,458	261,179	1295	202	108

The average days on the market (DOM) has decreased and the number of sales is higher than 2015. Home values continue to increase.

For information about Ormond Beach and Ormond By The Sea Florida homes and condos for sale and for rent call Realtor® Rhonda Lehnen at 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.

For information about Ormond Beach and Ormond By The Sea homes and condos for saleor rent, contact Ocean View Realty Group or visit our web site athttp://www.ovrealty.com/.

This graphic compares the number of sales to previous years.

Vacation rental information is at http://www.ormondbeachcondorentals.com/