Ormond By The Sea Florida Homes sold in September 2011

Ormond By The Sea Florida Homes sold in September, 2011

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 15 Ormond By The Sea, Florida homes sold in September, 2011. Four (4) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 35 homes under contract waiting closing and 18 of those have lender involvement. The highest priced home sold was a 3 bedroom on Capistrano Dr for $240,000 and the lowest priced was a 2-bedroom 1 bath on Ocean Shore Drive for $67,000.
There were fewer homes sold in September, 2011 than in the past 2 years but this September saw more homes sold than in September of 2007 and 2008.
The high number of homes under contract (36) and the reduction in the inventory (89 homes for sale) are both good signs that the market may be getting stronger.
Ormond By The Sea, Florida homes sold in September, 2011 by price range.

Price range $in thousands	Number sold	1Bdrm	2Bdrm	3Bdrm	4+Bdrm	Lender involved
Under $100,000	6	0	6	0	0	2
100,000-149,999	5	0	2	3	0	1
150,000-249,999	4	0	0	3	1	1
250,000+	0	0	0	0	0	0
Total number	15	0	8	6	1	4

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

Ormond By The Sea Florida homes for sale September 30, 2011

Ormond By The Sea Florida homes for sale September 30, 2011 

Homes for sale in Ormond By The Sea Florida

There are 89 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) as of September 30, 2011. An additional 36 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 10 of the 89 homes for sale (11%) but 18, half (50%) of the 36 homes under contract. Asking prices for Ormond By The Sea homes currently for sale range from $89,000 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	6	0	0	2
100-149	18	0	13	4	1	3
150-199	16	0	4	9	3	1
200-299	8	0	0	5	3	0
300-499	16	0	1	8	7	3
500-999	19	0	0	8	11	1
Over $1 Million	6	0	0	1	5	0
Total number of homes	89	0	24	35	30	10

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.

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