Friday, June 08, 2012

Ormond By The Sea, Florida Condos for sale as of May 31, 2012


Ormond By The Sea, Florida Condos for sale as of May 31, 2012

As of May 31, 2012 we have 47 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS). There are 35 priced under $200,000 and 6 of those are under $100,000. Additionally, there are 19 condos under contract pending closing of which 8 involve the lender as a short sale or foreclosure. There are 7 of the 47 condos for sale involving a lender , either short sales or foreclosures.

Short sales or foreclosures continue to be about half of the pending condos but less than 15% of the condos for sale indicating the banks are pricing their properties to sell while some owners may be expecting to get more than the market will bear.

The inventory continues to decrease slightly as there were 61 Ormond By The Sea Florida condos actively for sale at the end of November of last year andmore than double that number in 2010.

Below is a table breaking down the inventory by condominium name. 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.
Condo NameFor SaleLowest $Highest $Year BuiltDirectly On The Beach
Aquarius3243,900289,0001974Yes
Atlantic 222138,900139,9001990No
Barrier Island2249,900285,0002003No
Capriana4375,000425,0002006Yes
Corinthian196,90096,9001974No
Court Of Palms289,90092,5001968No
Fairwind Shores2155,000157,0001983-86No
Gemini0001984Yes
Kingston Shores195,00095,0001973No
Las Olas0001997No
Leeward Winds0001990No
Madeira Villa N,C and South0001971No
Mariners Bay0001981No
Ocean Dunes2110,000114,9001998No
Ocean House3148,900179,0001981-83No
Ocean Shores0001973No
Ocean Watch2145,000180,0001986No
Oceanaire2130,000149,5001983-84No
Oceanside0001973No
Ormond Breakers3154,900155,0001974-81No
Ormond By The Sea Club2199,000199,0001970-72Yes
Ormondy1150,000150,0001985Yes
Regency Plaza3134,900159,9001974Yes
Sand Dunes0001985No
Sands Point0001971Yes
Seabridge2138,000138,9001990No
Seabridge North2129,900149,9001994No
Seascape0001983No
Spinnaker0001987No
Shoreham0001972Yes
Starboard Light2144,375179,0001981No
Sunny Beach Club0001990No
Sunrise1188,500188,5001985No
Surfside Club1239,500239,5001971Yes
Tiffany1349,000349,0001989Yes
Van Lee0001982Yes
Vila Sereno0001973No
Winchester Manor265,90084,9001974No
Windemere Shores1200,000200,0001983No

Ormond By The Sea, Florida Condos for sale by price range May 31 2012


Ormond By The Sea, Florida Condos for sale by price range May 31, 2012.
The chart below shows Ormond By The Sea Florida condos for sale by price range as of May 31, 2012.
Price Range In $ThousandsNumber For SaleLender Involved Directly On The Beach
Under 100610
100-1491552
150-1991414
200-299704
300-499505
500+000
Total47715

Condos comming on the market that are priced right are selling while those that are overpriced stay on the market.

Ormond By The Sea Florida homes for sale May 31 2012



Ormond By The Sea Florida homes
for sale May 31, 2012Homes for sale in Ormond By The Sea Florida


There are 78 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, 2012. An additional 41 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 78 homes for sale (15%) but 16, more than a third (39%), of the 41 homes under contract. Asking prices for Ormond By The Sea homes currently for sale range from $74,900 to $1,795,000.
The inventory of Ormond By The Sea Florida homes for sale has stabilized and that is a good indicator that the market may be getting 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 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
7
1
4
2
0
3
100-149
14
0
9
5
0
2
150-199
9
0
2
6
1
0
200-299
13
0
1
7
5
2
300-499
15
0
1
10
5
2
500-999
16
0
0
6
10
3
Over $1 Million
3
0
0
0
3
0
Total number of homes
78
1
17
36
24
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.

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


Plantation Bay Golf and Country Club in Ormond Beach Florida Homes for sale May 31, 2012

Plantation Bay Golf and Country Club

Plantation Bay homes for sale as of May 31, 2012
There are 53 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 May 31, 2012 and 6 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 rangeHomesBank
Under $150,00021
150,000 to 199,000100
200,000 to 249,000133
250,000 to 299,000101
300,000 to 399,00061
400,000 to 799,00080
800,000 and over40
Total 536


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 Condos Sold in May 2012


Ormond By The Sea, Florida Condos Sold in May, 2012
Five condos sold in Ormond By The Sea, Florida during May, 2012 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 19 condos under contract pending sales closing and 7 of those
 involve a lender.
  
Here is the list of the May, 2012 condo sales
.

Condo                    Description       Sold Price
Leeward Winds           2 Bedroom 2 Bath    $135,000
Seabridge                  2 Bedroom 2 Bath    $120,000
                                             
Windemere Shore       2 Bedroom 2 Bath    $154,000                                                 
Ocean Shores          2 Bedroom 2 Bath    $120,000
Regency Plaza**         2 Bedroom 2 Bath    $121,900



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

Here is a chart of April Ormond By The Sea condo sales showing how 2012 compares to previous years.

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