Quarterly condo sales analysis for Ormond By The Sea Florida 2011 first Quarter

Quarterly condo sales analysis for Ormond By The Sea Florida 2011 first Quarter

Here is a summary of Ormond By The Sea, Florida condo sales activity for the First Quarter 2011. All activity is from the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS).  The average sale price for all 15 condo sales was $143,941 and 6 of the sales had lender involvement as a short sale or foreclosure.

The average sale price and the volume of sales is up from last year and the number of sales is higher than in recent years.  The chart below shows a comparison to recent years

January to March (first quarter) Year	Total  number of Ormond By The Sea Florida condos	2 Bdrm 2 Bath  accross the street from the beach sales	2 Bdrm/2 Bath  accross the street from the beach average sold price.  $
2011	15	7	123,129
2010	9	3	116,667
2009	10	5	169,100
2008	10	6	175,983
2007	8	5	258,600
2006	5	3	259,333

The lowest priced 2011 First Quarter Condo sold was $53,000 for a two bedroom at the Ocean Shores Condo and the highest price paid was $284,000 for a three bedroom at the Gemini.
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 http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.

Florida Housing program to help the hardest hit homeowners

Florida Housing program to help the hardest hit homeowners 

Florida Housing (Florida Housing Finance Corporation) has a FREE program for Florida residents that is a foreclosure prevention effort.  Florida's Hardest-Hit Fund program (HHF) is a targeted unemployment program funded by the US Government that provides temporary assistance to eligible homeowners. 

Applicants will not be asked to pay for any eligibility determination services in conjunction with applying for the Florida HHF program.
Homeowner Requirements in addition to a financial hardship include:

 Must be a Florida resident and occupy the property as their primary residence.  Must be unemployed or underemployed total household income must be below 140% of the area median income (AMI).   Applicants must have an active checking or savings account that can be debited by the ACH method of funds transfer.

For complete program information including eligibility Requirements visit https://www.flhardesthithelp.org/ 

Ormond By The Sea Florida Homes sold in March, 2011

Ormond By The Sea Florida Homes sold in March, 2011

 Through the Daytona Beach Area Realtors® Multiple Listing Service (MLS) there were 12 Ormond By The Sea, Florida homes sold in March, 2011.  Five (5)  of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 45 homes under contract waiting closing and 27 of those have lender involvement. The highest priced home sold was a 34 bedroom on John Anderson Drive for $385,000 and the lowest priced was a 2-bedroom 1 bath on Palmetto Drive for $50,000.

Comparing to last year, there were 18 Ormond By The Sea Florida homes sold in March,  2010 and 5 of those involved the lender.

Ormond By The Sea, Florida homes sold in March, 2011 by price range.

Price range $in thousands	Number sold	1Bdrm	2Bdrm	3Bdrm	4+Bdrm	Lender involved
Under $100,000	4	0	3	1	0	4
100,000-149,999	5	0	5	0	0	1
150,000-249,999	2	0	1	1	0	0
250,000+	1	0	0	1	0	0
Total number	12	0	9	3	0	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 entire Daytona Beach area multiple listing service (MLS) anonymously

Plantation Bay Golf and Country Cub in Ormond Beach Florida Homes sold in March

Plantation Bay Golf and Country Cub  in Ormond Beach Florida Homes sold in March, 2011

Moon setting

 Through the Daytona Beach Area Realtors® Multiple Listing Service (MLS) there were 3 Plantation Bay Golf and Country Cub home sold in March, 2011.  Additionally, there are 10 homes under contract waiting closing and 4 of those have lender involvement as either a short sale or foreclosure. The homes sold were:
2 bedroom on Kingsley Circle for $170,000
4 bedroom on Magnolia Lane for $366,000
4 bedroom on Castlehawk Lane for $623,500
There was no lender involvement in any of the March 2011 homes sold in Plantation Bay Golf and Country Cub

Ormond By The Sea, Florida Condos Sold March, 2011

Ormond By The Sea, Florida Condos Sold March, 2011

 

Regency Plaza Condo

 Five condos sold in Ormond By The Sea, Florida during March, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), two of which involved a lender.  That number is consistent with the 2010 average of 5.5 sales each month.  March, 2009 had 4 sales and there were 5 sales in 2010.   
There are also 15 condos under contract pending sales closing and 8 of those involves a lender.

Of the 85 condos actively for sale on the market, 6 involve a lender.

The high inventory of  85 Ormond By The Sea condos for sale continues to indicate a buyers market and is about 17 months of inventory if we continue to sell 5 each month.  There was an average of 5.5 condos sold each month in 2010.Here is the list of the March, 2011 condo sales. 

  Condo                    Description              Sold Price

Winchester Manor         2 bedroom 1 bath              $40,425 **
Regency Plaza  *             1 bedroom 1 bath             $125,000
Windemere Shores          2 bedroom 2 bath             $140,000
Regency Plaza *              2 bedroom 2 bath             $155,000**
Las Olas                           3 bedroom 3 bath              $244,793
  *These Condo buildings are directly on the beach
 ** these sales involved a lender as a short sale or foreclosure.
. 

Ormond By The Sea, Florida Quarterly homes sold analysis,first quarter 2011

Quarterly homes sold analysis for the first quarter 2011 in Ormond By The Sea, Florida

Almost half of the 40 homes sold in Ormond By The Sea, Florida during the first quarter of 2010, through the Daytona Beach area Association of Realtors® multiple listing service (MLS) had lender involvement.  Lender involvement would be a short sale, foreclosure or lender owned property. 
The lowest sold price during the quarter was $50,000 for a 2 bedroom  1 bath on River Shore Drive and the highest was a 3 bedroom 3 bath on John Anderson Drive. 

Comparing 2011 to previous years, the chart below shows the continuing decline in values and an increase in the number of sales.


Ormond By The Sea, Florida homes sold in the first calendar quarter (January to March) by year.
Year        Sold         Lowest $           Highest $        Average sold price

2011         40            50,000            385,000                131,156
2010         34            67,000            599,000                159,200
2009         28            66,000            475,000                135,900
2008         29            80,000            500,000                191,200
2007         30          120,000         1,185,000                253,500
2006         22          190,000            600,000                285,800


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/.

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

2222 Ocean Shore Blvd., Condo For Sale, Ormond By The Sea

Ocean House Condo 
in Ormond By The Sea Florida $169,000  
Ocean House condo #105B
2222 Ocean Shore Blvd
Ormond Beach FL 32176 
Nicely furnished and decorated and with newer appliances, this 2 Bedroom 2 Bath condo has fabulous ocean views for a first floor unit. All new furniture within the past 2 years and storm shutters. Ocean House Condo also features a centrally located pool, underground parking and laundry facilities inside each unit. This is a real pretty unit so if you like Ocean House you should take a look at this one. Move right in. You have a reserved parking space close to your door or use the underground parking. Unit 105B is an end unit next to the pool. The master bedroom is spacious and features a queen bed, TV, and walk in shower. The utility room has a full size washer & dryer.

 For additional information and pictures visit:   http://www.ovrealty.com/Ocean_House_105B.php

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 specialists – 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 Publix opens liquor store

Publix has opened a liquor store at the Ormond Mall in Ormond By The Sea at

1258 Ocean Shore Blvd. The new liquor store is south of the Publix Supermarket at the Ormond Mall.  The new store has a good selection of liquor, beer and wine, mixers and ice so stop in and check it out.  Look for the weekly specials to save some money.  Ormond Mall is on SR A1A about 3 miles north of  Granada Blvd.(S.R.40).    For addition information call 386-441-0414.

For buying or selling Ormond By The Sea real estate contact one of our Realtors, Rhonda Lehnen or Shonda Stebleton at ovforsale@aol.com

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

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

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

Price range in $Thousands	Number  for sale	Lender involved	Directly on the beach
Under 100	5	1	1
100-149	14	1	1
150-199	36	4	12
200-299	11	0	8
300-499	14	0	12
500+	2	0	2
Total	82	6	36

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

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

There are 92 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Realtors®  Multiple Listing Service as of March 31, 2011.   An additional  45 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 12 of the 92 homes for sale (13%) and 27 (60%) of the 45 homes under contract. 

Asking prices for Ormond By The Sea homes currently for sale range from $62,000 to $1,995,000.


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

Price range in $Thousands	Number	1 Bdrm	2 Bdrm	3 Bdrm	4+ Bdrm	Bank
Under 100	6	0	5	1	0	3
100-149	28	0	20	7	1	4
150-199	15	0	4	11	0	2
200-299	11	0	1	8	2	2
300-499	14	0	0	10	4	1
500-999	14	0	0	11	3	0
Over $1 Million	4	0	0	0	4	0
Total number of homes	92	0	30	48	11	12

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 this Ocean View Realty Group web site.