Ormond By The Sea Florida Real Estate
Sales and Rentals--Homes and Condos
OVRealty@aol.com                 1-800-356-3409

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Real estate market watch for Ormond By The Sea Florida provided by Ocean View Realty Group
  
Ocean View Realty Group in Ormond BY The Sea Florida
Real estate market information here will be updated at least monthly
to provide a source of information about the home and condo
real estate market activity in Ormond Beach and Ormond By The Sea Florida. 

All information is taken from the Daytona Beach Area Association of Realtors® Multiple Listing Service(MLS)




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

As of January 31, 2012 we have 56 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 5 of those are under $100,000. Additionally, there are 14 condos under contract pending closing of which 6 involve the lender as a short sale or foreclosure.  There are 4 of the 56 condos for sale involving a lender , either short sales or foreclosures. 
Short sales or foreclosures continue to be almost half of the pending condos but less than 10% of the condos for sale indicating the banks are pricing their properties to sell while many owners are expecting to get more than the market will bear. 

The inventory increased slightly as there were 53 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 3 174,900 289,000 1973 Yes
Atlantic 22 0 0 0 1990 No
Barrier Island 3 189,900 285,000 2000 No
Capriana 6 375,000 520,000 2006 Yes
Corinthian 1 98,900 98,900 1974 No
Court Of Palms 0 0 0 1968 No
Fairwind Shores 3 140,000 189,000 1983-87 No
Gemini 1 245,000 245,000 1984 Yes
Kingston Shores 4 79,900 149,700 1973 No
Las Olas 0 0 0 1997 No
Leeward Winds 3 149,900 164,900 1990 No
Madeira Villa N,C and South 1 122,000 122,000 1971-72 No
Mariners Bay 0 0 0 1981 No
Ocean Dunes 0 0 0 1978 No
Ocean House 4 125,000 189,000 1983-85 No
Ocean Shores 1 37,000 37,000 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 1 169,900 169,900 1974 No
Ormond By The Sea Club 1 214,900 214,900 1972 Yes
Ormondy 0 0 0 1986 Yes
Regency Plaza 5 134,900 179,900 1974 Yes
Sand Dunes 0 0 0 1985 No
Sands Point 0 0 0 1971 Yes
Seabridge 3 138,000 159,900 1991 No
Seabridge North 1 134,900 134,900 1994 No
Seascape 1 159,000 159,000 1983 No
Spinnaker 1 100,000 100,000 1987 No
Shoreham 0 0 0 1972 Yes
Starboard Light 2 144,375 179,000 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
Vila Sereno 1 110,000 110,000 1973 No
Winchester Manor 1 69,900 69,900 1974 No
Windemere Shores 3 154,000 200,000 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.

Ormond By The Sea, Florida Condos for sale by price range January 31, 2012.
The chart below shows Ormond By The Sea Florida condos for sale by price range as of  January 31, 2012.
 Price Range In $Thousands  Number For Sale Lender Involved  Directly On The Beach 
 Under 100  5  1  0
 100-149  17  3  3
 150-199  19  0  3
 200-299  8  0  5
 300-499  6  0  6
 500+  1  0  1
 Total  56  4  18

Ormond By The Sea Florida homes for sale 
January 31,  2012
   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 January 31, 2012.     An additional  48 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 (52%), of the 48 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 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 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

9

1

0

 4

100-149

24

0

17

7

0

 4

150-199

5

0

0

5

0

 0

200-299

15

0

1

8

6

 1

300-499

16

0

1

11

4

 1

500-999

18

0

0

7

11

 1

Over $1 Million

1

0

0

0

1

 0

Total number of homes

89

0

28

39

22

 11
 
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 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.

..

 

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 3rd Quarter condo sales analysis 2011

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

85,600

495,000

180024

203,737

1354

133

199

2010

15

65,000

530,000

151400

165,520

1169

130

108

2009

22

59,900

595,000

186864

214,481

1167

160

164

2008

11

110,000

720,000

238264

262,963

1212

197

162

2007

20

125,000

825,000

292620

318,490

1167

251

180

2006

15

191,000

410,000

268393

281,440

1246

215

103

2005

26

149,900

840,000

325931

338,250

1251

261

36

2004

24

170,000

599,000

276575

248,229

1307

212

61

2003

45

92,600

320,000

186491

193,218

1174

159

70

2002

35

55,000

339,000

144104

148,810

1165

124

39

2001

19

51,500

252,000

129121

136,666

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.

Ormond By The Sea Florida mid-year condo sales analysis
This table shows the condos sold in Ormond By The Sea Florida for the first 6 months
of the year
through the Daytona Beach Area Realtors® Multiple Listing Service (MLS)

Year

# Sales

Low $

High $

Average

Average ask $

Average

Sq. Ft

Price/sq.

Ft. avg $

Average DOM

2011

43

40,425

400,000

141043

153,282

1289

118.92

102

2010

30

50,000

550,000

157875

179,837

1277

140.83

191

2009

22

95,000

474,900

184118

203,164

1218

166.80

143

2008

19

137,000

325,000

187297

208,032

1079

192.80

110

2007

22

110,000

620,000

259086

286,450

1292

221.71

121

2006

18

150,000

810,000

332000

350,594

1280

273.90

96

2005

80

128,000

550,000

266804

277,423

1122

247.26

53

2004

48

78,000

436,000

213419

221,242

1244

177.85

41

2003

44

64,500

350,000

167285

175,311

1158

151.39

63

2002

55

63,000

267,500

122912

128,414

1114

115.27

55

2001

54

49,250

270,000

112448

117,354

1208

  97.15

67

 The average days on the market are down so far this year ane the volume of sales is up over 40%.  Both of those are good indicators for the market even though the average sales price once again has declined.

Ormond By The Sea Florida mid-year Home sales analysis
This table shows the homes sold in Ormond By The Sea Florida for the first 6 months
of the year through the Daytona Beach Area Realtors® Multiple Listing Service (MLS)

Year

# Sales

Low $

High $

Average ask

Average sold

Average

SQ. FT

Price/sq. Ft avg $

Average DOM

2011

93

50,000

895,500

158,921

145,874

1464

99.64

104

2010

85

60,000

565,000

157,035

143,881

1380

104.26

115

2009

60

64,900

475,000

146,475

133,904

1222

109.58

93

2008

71

74,000

500,000

192,072

175,221

1279

137.00

84

2007

53

120,000

1,185,000

257,157

239,760

1256

190.89

103

2006

71

15,5000

1,200,000

337,277

321,657

1390

231.41

86

2005

161

150,000

1,050,000

291,034

279,467

1455

192.07

59

2004

126

100,000

930,000

220,071

212,248

1402

151.39

48

2003

123

79,000

690,000

181,551

171,966

1414

121.62

64

2002

134

54,000

625,000

142,313

135,149

1372

98.51

52

2001

120

53,000

585,000

118,595

113,249

1283

88.27

52

This is a real positive report since sales prices are up a little and the number of sales is
also up and is the highest volume of sales since 2005.
 


Ormond By The Sea Florida condos sold 2011


Through the Daytona Beach Area Realtors® Multiple Listing Service (MLS) there were 79 Ormond By The Sea, Florida condos sold in 2011.  That is the highest number of condo sales in Ormond By The Sea since 111 sales in 2005.  The highest priced condo sold was a 3-bedroom at the Capriana for $495,000 and the lowest priced was a 2-bedroom 1 bath at Winchester Manor for $40,425.  Lenders were involved in 20 (26%) of the 79 sales as foreclosures or short sales.

Condo values in Ormond By The Sea Florida have returned to 2002 levels and appear to be holding relatively steady.  The average number of sales monthly in 2010 was 5.5 and the 2011 average was 6.6 indicating a big jump toward making the market more stable and balanced.
 

Ormond By The Sea Florida condo sales by price range.

Price range

in thousands $

Number

of sales

Studio or

1 Bedroom

2 Bedroom

3 Bedroom

Lender

involved

Directly on

The beach

Under 100

17

0

17

0

6

0

100-149

31

2

27

2

7

4

150-199

19

1

18

0

6

14

200-299

9

0

4

5

1

8

300+

3

0

0

3

0

3

Totals

79

3

66

10

20

29


Ormond By The Sea Florida Homes sold 2011

Through the Daytona Beach Area Realtors® Association Multiple Listing Service (MLS) there were 176 Ormond By The Sea, Florida homes sold in 2011.  Lenders were involved in 56 (32%) of the sales, either a short sale or foreclosure.
The highest priced home sold was a 4 bedroom on John Anderson Dr for $895,000 and the lowest priced was a 2 bedroom 1 bath on River Shore Dr.   for $50,000. 

The number of Ormond By The Sea Florida homes sold in 2011 was slightly lower than the 183 sold in 2010 but higher than all other years since 2007. 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

29

1

27

1

        0

19

75-99

27

0

23

4

0

13

100-149

55

0

34

18

3

14

150-199

40

0

7

28

5

5

200-299

18

0

1

14

3

3

300+

7

0

1

4

2

2

Totals

176

1

93

69

13

56






Ormond By The Sea, Florida Quarterly homes sold analysis for the third quarter 2011  

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 home 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

44

63500

455000

141,406

150,834

1389

102

80

2010

54

45000

290000

122892

136354

1268

97

130

2009

42

60000

367000

144700

159804

1395

104

126

2008

56

72000

1688500

223991

251700

1491

150

124

2007

32

118215

1250000

298644

323045

1541

194

94

2006

32

135000

800000

284677

308556

1447

197

100

2005

79

180000

1000000

292881

302524

1360

215

58

2004

55

135000

855000

249966

261364

1500

167

48

2003

68

83000

712000

181987

189319

1446

126

69

2002

71

66000

590000

168744

177027

1535

110

65

2001

58

59000

800000

138458

143284

1436

96

56


Of the 44 Ormond By The Sea Florida homes sold in the 3rd Quarter 2011, 12 involved the lender as either a short sale or foreclosure, less than 30%. Only 2006, 2007 and 2009 had fewer sales than this past quarter than in any year since 2001. The 2011 total was 18% lower than 2010.
The average price per square foot has remained fairly stable since 2009. While values have increased over last year, they are now within the 2001-2002 range so we are back to where we were about 10 years ago.
More good news for the Ormond By The Sea Florida homes market is that homes sold were on the market for an average of only 80 days, which is the fewest average DOM since 2005 and the first time that number has gone down since 2007.

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/.

Vacation rental information is at
http://www.ormondbeachcondorentals.com/
Ormond By The Sea, Florida Restaurants

     Ocean View Realty Group has added individual pages to the site for the restaurants in Ormond By The Sea Florida.  The restaurant page has a photo of each restaurant and a little information, phone numbers and links to the individual pages with more information and photos.  Go to the Ormond By The Sea Restaurants page.

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

Plantation Bay Golf and Country Club
 
Plantation Bay homes for sale as of January 31, 2012

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 January 31, 2012 and 4 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  1  1
 150,000 to 199,000  10  1
 200,000 to 249,000  15  0
 250,000 to 299,000  8 0
 300,000 to 399,000 7  1
 400,000 to 799,000 9  1
 800,000 and over 2  0
Total  52  4
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. 

Plantation Bay Golf and Country Club in Ormond Beach Florida Homes sold in December 2011

 Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 4 Plantation Bay Golf and Country Club home sold in December, 2011.  One of those have lender involvement as either a short sale or foreclosure.  
  
The Plantation Bay homes sold were:

3 bedroom on Bay Pointe Dr for $170,000
3 bedroom on Sunningdale Ln  for $175,000
3 bedroom on Gale Ln for $200,000
4 bedroom on Dovercourt Ln  for $513,000

The 4 sales in December, 2011 equals the volume of sales in the month of November.  December, 2011 with the 4 sales gives a good indicator that the market here is making the required corrections to once again become balanced.  Reduced inventory, low interest rates and reduced values are all contributing to improvements in the real estate market in Plantation Bay. 

Plantation Bay Golf and Country Club  in Ormond Beach Florida
Homes sold in 2010

Through the Daytona Beach Area Realtors® Multiple Listing Service (MLS) there were 58 Plantation Bay Golf and Country Club homes sold in 2010.  This represents the highest volume of homes sold since 2005 when there were 59 sales. 
One big difference other than the reduced values is that 13 of the 2010 sales involved a lender as either a short sale or foreclosure where in 2005 there was no bank involvement in any of the sales.  Indeed, there were zero bank involved sales from 2000 to 2006, only 2 in 2007, 2 in 2008, and 7 in 2009.

2010 Plantation Bay home sales by price range.
 

 $Price range

in thousands

Number

of sales

2 Bedroom

3 Bedroom

4 or more

Bedrooms

Lender

involved

Under 150

7

4

3

 0

4

150-199

13

1

11

1

5

200-249

9

0

9

0

1

250-299

14

0

9

5

1

300-399

9

0

2

7

2

400+

6

0

3

3

0

Totals

58

5

37

16

13

 

Ormond By The Sea Real Estate Specialist

If you are thinking of buying, selling or renting property in Ormond Beach or Ormond by the Sea contact Ocean View realty Group today. We specialize in Ormond by the Sea Florida. We know condominiums in the Ormond Beach and Ormond By The Sea real estate market for sales and rentals of residential property. We participate in the Daytona Beach area multiple listing service(MLS).  At Ocean View one call does it all!

More Ocean View Realty Group information

For information about Ormond By The Sea Florida visit the Ocean View Realty Group web site http://ovrealty.com/Ormond_By_The_Sea_Florida.html  If you are not ready to contact Ocean View Realty Group yet and are not sure where you are in your search you can always go back to the home page of this web site and start over.

Ocean View Realty Group
1350 Ocean Shore Blvd Suite A
Ormond Beach Florida 32176


Thinking of buying or selling an Ormond By The Sea home or condo?Ocean View Realty Group complies with the equal housing laws 
Contact Realtor Rhonda Lehnen, at
ovforsale@aol.com 

For
 For additional information about Ormond By The Sea vacation rental homes and condos
contact Deanna Thomas or Jeanne Labonte, our vacation rental specialists
ovrentals@aol.com


Visit the Ormond By The Sea Florida page For information about the local area http://ovrealty.com/Ormond_By_The_Sea_Florida.html 

Ormond By The Sea vacation rental home and condo information is on the Ocean View Condominium Rental Group Inc.  vacation rental web site at
www.OrmondBeachCondoRentals.com  

Ormondy 3 Bedroom vacation rental Condo directly on the beach in Ormond By The Sea Florida
www.ormondycondo.com 

  Also visit our Seawinds Penthouse vacation rental condo web site at  www.SeawindsPenthouse.com Seawinds Condo is directly on the beach in Ormond By The Sea Florida.

At Ocean View Realty Group, Inc. one call does it all!
  Ocean View Condominium Rental Group, Inc. in Ormond By The Sea Florida

Toll free from the USA and Canada 1-800-356-3409     
 Local phone 386-441-8245
fax 386-441-2407
 mail to:
ovrealty@aol.com