Tuesday, November 01, 2011

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.

Thursday, October 27, 2011

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

Wednesday, October 26, 2011

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 $155,000
Surfside 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.
..

Monday, October 24, 2011

Ormond By The Sea Florida 3rd Quarter condo sales analysis



Ormond By The Sea Florida 3rd Quarter condo sales analysis
This table shows sales in the July (1st) to September (30th) 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.

Wednesday, October 19, 2011

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











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