Friday, April 24, 2015

Ormond By The Sea Florida 4th Quarter home sales analysis 2014

Ormond By The Sea Florida 4th Quarter home sales analysis 2014
This table shows in the October(1st) to December (31st) quarter by year for 14 years to analyze the Ormond By The Sea Florida home sales and make year by year comparisons.
4th Quarter home sales analysis
The average days on the market has decreased over the past few years as the inventory of available homes has increased slightly.  The number of sales was higher in 2013 than the previous 2 years but still slightly higher than some previous years going back to 2005.  
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.
Year

# Sales
Low $ Sold
High $ Sold
Average Ask $
Average Sold $
Average Sq. Ft
Price/
Sq.Ft Average $
Average Days On Market
2014
52
57,000
387,500
197,060
187,123
1460
135
81
2013
48
58,900
649,000
172,492
161,760
1363
127
86
2012
43
45,100
575,000
156,041
169,060
1505
103
139
2011
38
57,000
475,000
161,325
150,872
1482
102
122
2010
44
42,500
870,000
169,903
148,401
1405
106
132
2009
50
50,000
420,000
150,551
162,915
1458
112
134
2008
16
71,000
330,000
156,431
144,259
1311
110
57
2007
24
100,000
975,000
258,988
239,277
1314
182
147
2006
33
142,700
950,000
281,458
261,179
1295
202
108
2005
37
163,000
795,000
316,597
301,287
1351
223
51
2004
40
139,000
675,000
269,038
257,908
1455
177
54
2003
46
88,000
750,000
201,400
190,984
1450
132
58
2002
52
81,000
640,000
164,111
156,096
1404
111
58
2001
39
69,000
457,000
140,695
131,715
1427
92
65


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 athttp://www.ovrealty.com/.

Vacation rental information is at 
http://www.ormondbeachcondorentals.com/

Wednesday, April 22, 2015

Ormond By The Sea Florida Homes sold 2014

Ormond By The Sea Florida Homes sold 2014


Through the Daytona Beach Area Realtors® Association Multiple Listing Service (MLS) there were 233 Ormond By The Sea, Florida homes sold in 2014.  Lenders were involved in 42 of the sales, either a short sale or foreclosure.
The highest priced home sold was a 3 bedroom on John Anderson Dr for $800,000 and the lowest priced was a 2 bedroom 2 bath on Essex Dr. for $65,000. 

The number of Ormond By The Sea Florida homes sold in 2013 was much 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 $75,000 to $99,000 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.


2014 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
6
1
5
0
        0
4
75-99
21
1
17
2
1
12
100-149
84
0
64
18
2
11
150-199
49
0
19
29
1
7
200-299
49
0
5
38
6
5
300+
24
0
2
14
8
3
Totals
233
2
112
101
18
42

Tuesday, April 21, 2015

Ormond By The Sea Homes For Sale February 28 2015



Ormond By The Sea Florida homes for sale
February 28 2015


Homes for sale in Ormond By The Sea Florida

There are 99 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors®  Multiple Listing Service (MLS) as of February 28, 2015. An additional 34 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 9 of the 99 homes for sale .  Asking prices for Ormond By The Sea homes currently for sale range from $99,900 to $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 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 are being sold quickly.  

At the beginning of 2012 there were 25 Ormond By The Sea homes under contract and now there are 99 , which is another good indicator for the health of the market.

At the beginning of last year there were 85 Ormond By The Sea Florida homes for sale so the inventory has increased slightly.


This chart 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
1
1
1
0
0
  0
100-149
21
0
16
3
0
4
150-199
24
0
13
6
2
1
200-299
26
0
3
19
2
1
300-499
13
0
1
7
1
0
500-999
9
0
2
4
2
0
Over $1 Million
5
0
1
2
2
 0
Total number of homes
99
1
37
41
9
6
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.


Realtor® Rhonda Lehnen of Ocean View Realty Group can also prepare a free market analysis for you if you are thinking of selling your Ormond by the Sea Florida home or condo and help you get your property ready to sell.  Email Realtor® Rhonda at ovforsale@aol.com.

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