Ocean View Realty Group newsletter for the 4th Quarter 2011

Ocean View Realty Group newsletter for the 4th Quarter 2011

Ocean View Realty Group has published the Ormond By The Sea Florida Quarterly Newsletter, Ormond Owners Report for the 4th Quarter 2011. You will see the numbers of Ormond By The ea Florida condos sold by month for the past 5 years along wit other business and local information.
Here is a link to view the current newsletter.

Ocean View Condominium Rental Group, Inc. also doing business as Ocean View Realty Group publishes this informative newsletter each quarter for out of town Ormond By The Sea property owners. Ocean View provides non-resident owners a source of local information about the local area that they may not otherwise receive.
Business and local information is published in each newsletter as well as real estate market information to keep out of town owners and others interested in Ormond By The Sea Florida and the surrounding areas up to date with what is happening.

You can subscribe to the blog where the newsletter is posted each quarter and receive an email when the latest newsletters are posted.

Ormond By The Sea Florida Homes sold in December, 2011

Ormond By The Sea Florida Homes sold in December, 2011

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 8 Ormond By The Sea, Florida homes sold in December, 2011. One (1) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 25 homes under contract waiting closing and 14 of those have lender involvement. The highest priced home sold was a 3 bedroom on Julie Dr for $270,000 and the lowest priced was a 3-bedroom 1 bath on Riverbreeze Blvd for $87,550.
Ormond By The Sea, Florida homes sold in December, 2011 by price range.

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

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 Condos Sold in December, 201

Ormond By The Sea, Florida Condos Sold in December, 2011 

Eight condos sold in Ormond By The Sea, Florida during December, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), three of which involved a lender as a short sale or foreclosure.
There are also 11 condos under contract pending sales closing and 6 of those involve a lender.
The 8 sales is higher than the 2010 monthly average of 5.5 sales and equals the highest number of sales in any December since 2002 when 13 Ormond By The Sea Florida condos were sold. In December 2009 there were also 8 condo sales.

Here is the list of the December, 2011 condo sales.
Condo                      Description         Sold Price Seabridge*               2 bedroom 2 bath               $137,000
Starboard Light        2 bedroom 2 bath               $125,000
Atlantic 22                2 bedroom 2 bath               $147,000
Leeward Winds        2 bedroom 2 bath               $160,000
Windemere Shore    2 bedroom 2 bath               $162,000
Surfside Club           2 bedroom 2 bath               $175,000
Ormondy***              2 bedroom 2 bath               $165,000
Ormondy***              2 bedroom 2 bath               $191,900

**These Condo buildings are directly on the beach
* these sales involved a lender as a short sale or foreclosure.

Plantation Bay Golf and Country Club in Ormond Beach Florida Homes for sale Dece

Plantation Bay Golf and Country Club in Ormond Beach Florida Homes for sale December 31, 2011

Plantation Bay homes for sale as of December 31, 2011
There are 52 Plantation Bay Golf and Country Club in Ormond Beach Florida homes for sale through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) as of December 31, 2011 and 7 of those homes involve a lender as either a short sale or foreclosure.

Below is a chart listing the number of homes for sale by price range.

Price range	Homes	Bank
Under $150,000	0	0
150,000 to 199,000	11	2
200,000 to 249,000	13	1
250,000 to 299,000	10	2
300,000 to 399,000	8	1
400,000 to 799,000	8	1
800,000 and over	2	0
Total	50	7

To view homes and condos available through Ocean View Realty Group or To search the entire Daytona Beach Florida area multiple listing Service (MLS) for homes and condos for sale go to the sales page of this Ocean View Realty Group web site.

Ormond By The Sea Florida homes for sale December 31, 2011 Homes for sale

Ormond By The Sea Florida homes for sale
December 31, 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 December 31, 2011. An additional 25 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 17 of the 89 homes for sale (19%) but 14, more than half (56%), of the 25 homes under contract. Asking prices for Ormond By The Sea homes currently for sale range from $69,000 to $1,995,000.
The inventory of Ormond By The Sea Florida homes for sale has stabilized and that is a good indicator that the market may be back to a being more balanced between buyers and sellers. There are investors waiting for the lower priced homes to come available and if they come on the market at a reasonable price they will be sold quickly.

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	10	0	10	0	0	6
100-149	22	0	15	6	1	6
150-199	9	0	0	8	1	1
200-299	11	0	1	7	3	2
300-499	15	0	1	9	5	1
500-999	17	0	0	8	9	1
Over $1 Million	5	0	0	0	5	0
Total number of homes	89	0	27	37	24	17

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 December 31, 2011

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

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

Price range in $Thousands	Number for sale	Lender involved	Directly on the beach
Under 100	2	1	0
100-149	21	4	4
150-199	18	0	3
200-299	6	0	4
300-499	6	0	6
500+	0	0	0
Total	53	5	17

Ormond By The Sea, Florida Condos for sale as of December 31, 2011

Ormond By The Sea, Florida Condos for sale as of December 31, 2011

As of December 31, 2011 we have 53 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS). There are 41 priced under $200,000 and 2 of those are under $100,000. Additionally, there are 11 condos under contract pending closing of which 6 involve the lender as a short sale. There are 5 of the 53 condos for sale involving a lender , either short sales or foreclosures.

Short sales or foreclosures continue to be about 55% of the pending condos but less than 10% of the condos for sale indicating the banks are pricing their properties to sell while most owners are expecting to get more than the market will bear.

The inventory continues to decline as there were 61 Ormond By The Sea Florida condos actively for sale at the end of last month.

Below is a table breaking down the inventory by condominium name.

Condo name	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	2	179,900	229,000	1973	Yes
Atlantic 22	0	0	0	1990	No
Barrier Island	5	189,900	285,000	2000	No
Capriana	4	375,000	450,000	2006	Yes
Corinthian	1	103,900	103,900	1974	No
Court of Palms	0	0	0	1968	No
Fairwind Shores	3	140,000	189,000	83-87	No
Gemini	2	245,000	359,000	1984	Yes
Kingston Shores	5	85,000	199,900	1973	No
Las Olas	0	0	0	1997	No
Leeward Winds	3	149,900	164,900	1990	No
Madeira Villa N,C and South	1	124,900	124,900	71-72	No
Mariners Bay	0	0	0	1981	No
Ocean Dunes	1	139,000	139,000	1978	No
Ocean House	5	125,000	189,000	83-85	No
Ocean Shores	0	0	0	1973	No
Ocean Watch	1	145,000	145,000	1986	No
Oceanaire	1	124,900	124,900	1984	No
Oceanside	0	0	0	1973	No
Ormond Breakers	0	0	0	1974	No
Ormond By The Sea Club	1	214,900	214,900	1972	Yes
Ormondy	0	0	0	1986	Yes
Regency Plaza	6	139,900	179,900	1974	Yes
Sand Dunes	0	0	0	1985	No
Sands Point	0	0	0	1971	Yes
Seabridge	4	118,000	159,900	1991	No
Seabridge North	2	119,900	144,900	1994	No
Seascape	0	0	0	1983	No
Spinnaker	1	100,000	100,000	1987	No
Shoreham	0	0	0	1972	Yes
Starboard Light	1	179,000	179,000	1981	No
Sunny Beach Club	1	169,000	169,000	1990	No
Sunrise	1	179,900	179,900	1986	No
Surfside Club	1	249,500	249,500	1971	Yes
Tiffany	1	349,000	349,000	1991	Yes
Villa Sereno	0	0	0	1973	No
Winchester Manor	0	0	0	1974	No
Windemere Shores	0	0	0	1973	No

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.