Ormond By The Sea, Florida Condos Sold in December, 2012

Ormond By The Sea, Florida Condos Sold in December, 2012

Three (3) condos sold in Ormond By The Sea, Florida during December, 2012 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), Zero (0) of which involved a lender as a short sale or foreclosure. 
There are also seventeen (17) condos under contract pending sales closing and ten (10) of those involve a lender.
  
Here is the list of the December, 2012 condo sales.
Condo                    Description       Sold Price
 
Aquairus**          2 Bedroom, 2 Bath     $128,000Leeward Winds    2 Bedroom, 2 Bath      $147,500
Ocean House       2 Bedroom, 2 Bath      $128,000 

**These Condo buildings are directly on the beach 
* these sales involved a lender as a short sale or foreclosure.
Here is a chart of December Ormond By The Sea condo sales showing how 2012 compares to previous years.

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 sold in December 2012

Ormond By The Sea Florida Homes sold in December,2012

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 16 Ormond By The Sea, Florida homes sold in December, 2012.  Five  (5) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 35 homes under contract waiting closing and 15 of those have lender involvement. The highest priced home sold was a 4 bedroom on John Anderson dr.  for $575,000 and the lowest priced was a 2-bedroom 1 bath on Longwood Dr. for $55,000. 

Ormond By The Sea, Florida homes sold in December, 2012 by price range.

Price range $in thousands	Number sold	1Bdrm	2Bdrm	3Bdrm	4+Bdrm	Lender involved
Under $100,000	5	0	5	0	0	3
100,000-149,999	6	0	4	2	0	1
150,000-249,999	3	0	0	3	0	1
250,000+	2	0	0	0	2	0
Total number	16	0	9	5	2	5

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for saleand for rent call 386-441-8245 or visit the Ocean view Realty Group web site atwww.ovrealty.com where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

Here is a chart showing Ormond By The Sea Florida homes sold in December comparing previous years.

Ormond By The Sea Florida Homes sold 2012

Ormond By The Sea Florida Homes sold 2012

Through the Daytona Beach Area Realtors® Association Multiple Listing Service (MLS) there were 184 Ormond By The Sea, Florida homes sold in 2012.  Lenders were involved in 42 of the sales, either a short sale or foreclosure. 
The highest priced home sold was a 4 bedroom on John Anderson Dr for $957,500 and the lowest priced was a 2 bedroom 2 bath on Holland Dr.   for $45,100.  

The number of Ormond By The Sea Florida homes sold in 2012 was slightly higher than the 183 sold in 2010. In 2005 there were 277 sales.  Lenders were involved in sales in all price ranges with the highest percentage of lender involvement being in the under $100,000 range.

If this pace of sales continues we are at 6 months of inventory which is a balanced market and we should be looking forward to the potential for values increasing or at least we seem to have hit the point where values are no longer in decline.

2011 Ormond By The Sea Florida home sales by price range.  

$ Price range in thousands	Number of sales	1 Bedroom	2 Bedroom	3 Bedroom	4 or more Bedrooms	Lender involved
Under 75	15	0	15	0	0	8
75-99	30	1	28	1	0	13
100-149	71	0	47	22	2	15
150-199	37	0	8	26	3	2
200-299	19	0	0	14	5	3
300+	12	0	1	5	6	1
Totals	184	1	99	68	16	41

Ormond By the Sea Florida quarterly condo sales analysis 2012

Ormond By the Sea Florida quarterly condo sales analysis 2012 fourth quarter
This table shows the condos sold on Ormond By The Sea Florida for the Fourth 3 months of the year through the Daytona Beach Area Realtors@ Multiple Listings Service(MLS).

Year	# Sales	Low $	High $	Average	Average ask $	Average Sq. Ft	Price/Sq. Ft. avg. $	Average DOM
2012	14	$70,000	$325,000	$187,571	$200,714	1312	$143	49
2011	19	$108,000	$250,000	$150,100	$163,468	1234	$121	176
2010	21	$45,251	$318,773	$139,096	$153,193	1242	$112	197
2009	15	$50,000	$250,000	$150,333	$166,020	1173	$128	97
2008	11	$150,000	$292,500	$199,909	$225,572	1279	$176	206
2007	8	$198,000	$830,000	$393,562	$429,487	1584	$248	232
2006	10	$117,000	$750,000	$346,200	$371,670	1364	$253	91

The average sold price, as well as price per square foot have increased and the days on the market average is much lower than recent years.