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 April 30, 2012 

As of April 30, 2012 we have 50 Ormond By The Sea Florida condos for sale through the Daytona Beach Area Realtors® Multiple Listing Service (MLS).  There are 37 priced under $200,000 and 7 of those are under $100,000. Additionally, there are 17 condos under contract pending closing of which 8 involve the lender as a short sale or foreclosure.  There are 7 of the 50 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 many owners are expecting to get more than the market will bear. 

The inventory continues to decrease slightly as there were 54 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 2 243,900 289,000 1973 Yes
Atlantic 22 1 139,900 139,900 1990 No
Barrier Island 3 189,900 285,000 2000-03 No
Capriana 5 375,000 450,000 2006 Yes
Corinthian 1 96,900 96,900 1974 No
Court Of Palms 2 89,900 92,500 1968 No
Fairwind Shores 4 120,000 174,000 1983-87 No
Gemini 0 0 0 1984 Yes
Kingston Shores 2 95,000 115,000 1973 No
Las Olas 0 0 0 1997 No
Leeward Winds 0 0 0 1990 No
Madeira Villa N,C and South 1 122,000 122,000 1971 No
Mariners Bay 0 0 0 1981 No
Ocean Dunes 1 114,900 114,900 1998 No
Ocean House 3 148,900 179,000 1981-83 No
Ocean Shores 0 0 0 1973 No
Ocean Watch 2 145,000 180,000 1986 No
Oceanaire 2 139,000 159,900 1983-84 No
Oceanside 0 0 0 1973 No
Ormond Breakers 1 154,900 154,900 1974 No
Ormond By The Sea Club 2 199,000 199,000 1972 Yes
Ormondy 0 0 0 1986 Yes
Regency Plaza 3 134,900 179,900 1974 Yes
Sand Dunes 0 0 0 1985 No
Sands Point 0 0 0 1971 Yes
Seabridge 2 138,000 139,900 1990-91 No
Seabridge North 1 149,900 149,900 1994 No
Seascape 0 0 0 1983 No
Spinnaker 1 100,000 100,000 1987 No
Shoreham 0 0 0 1972 Yes
Starboard Light 2 144,375 179,000 1981 No
Sunny Beach Club 0 0 0 1990 No
Sunrise 2 159,900 189,000 1985-86 No
Surfside Club 2 239,500 250,000 1971 Yes
Tiffany 1 349,000 349,000 1989 Yes
Van Lee 0 0 0  1982  Yes
Vila Sereno 0 0 0 1973 No
Winchester Manor 3 65,900 84,900 1974 No
Windemere Shores 2 149,900 200,000 1983 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 March 31, 2012.

The chart below shows Ormond By The Sea Florida condos for sale by price range as of March31, 2012.
 Price Range In $Thousands  Number For Sale Lender Involved  Directly On The Beach 
 Under 100  7  1 0
 100-149 15 4 2
 150-199 15 2 3
 200-299 7 0 4
 300-499  6  0  6
 500+  0  0 0
 Total 50 7  22

  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 
April 30,  2012
   Homes for sale in Ormond By The Sea Florida

There are 85 Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Association of Realtors®  Multiple Listing Service (MLS) as of April 30, 2012.     An additional  39 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 16 of the 85 homes for sale (17%) but 14, almost half (40%), of the 39 homes under contract.  Asking prices for Ormond By The Sea homes currently for sale range from $74,900 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 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

9

1

5

3

0

5

100-149

19

0

14

5

0

4

150-199

9

0

4

4

1

 0

200-299

12

0

1

5

6

2

300-499

15

0

1

10

4

2

500-999

18

0

0

7

11

3

Over $1 Million

3

0

0

0

3

 0

Total number of homes

85

1

25

34

25

 16
 
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 April, 2012

Ten condos sold in Ormond By The Sea, Florida during April, 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 21 condos under contract pending sales closing and 9 of those
involve a lender.
 
Here is the list of the April, 2012 condo sales
.


Condo                    Description       Sold Price 
Kingston Shores*       2 Bedroom 2 Bath    $77,000 
Maderia Villa North*        2 Bedroom 2 Bath      $109,000
Regency Plaza**           2 Bedroom 2 Bath     $170,000                                                                Fairwind Shores            2 Bedroom 2Bath     $164,900
Windemere Shore           2 Bedroom 2 Bath     $148,000
Surfside Club**              2 Bedroom 2 Bath     $173,500
Surfside Club**  2 Bedroom 2 Bath  $189,000
Seascape  2 Bedroom 2 Bath $151,000
Ocean Dunes 2 Bedroom 2 Bath $120,000
Aquarius**                  2 Bedroom 2 Bath $172,500

**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.
April Ormond By The Sea condo sales

Ormond By the Sea Florida quarterly condo sales analysis 2012 first quarter
This table shows the condos sold on Ormond By The Sea Florida for the first 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 $48,000 $300,000 $139,380 $156,164 1261 $111 94
2011 16 $40,425 $284,000 $144,320 $152,898 1262 $121 94
2010 9 $50,000 $550,000 $195,211 $227,900 1399 $139 226
2009 11 $95,00 $474,900 $209,027 $234,864 1204 $174 196
2008 10 $137,000 $210,000 $169,490 $187,000 985 $172 133
2007 8 $130,000 $345,000 $257,875 $273,550 1233 $209 81
2006 5 $150,000 $350,000 $255,600 $274,200 1131 $226 101

The average days on the market stayed the same so far this year compared to last year and is the lowest it has been since 2008. Those are good indicators for the market.

Ormond By The Sea Florida Homes sold in April, 2012

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 19 Ormond By The Sea, Florida homes sold in April, 2012.  Three (3) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 39 homes under contract waiting closing and 14 of those have lender involvement. The highest priced home sold was a 4 bedroom on John Anderson Dr for $645,000 and the lowest priced was a 2-bedroom 1 bath on Carol Rd for $75,000.

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

Price range
$in thousands

Number

sold

1Bdrm

2Bdrm

3Bdrm

4+Bdrm

Lender involved

Under $100,000

3

0

3

0

0

2

100,000-149,999

7

0

3

3

1

1

150,000-249,999

8

0

1

6

1

0

250,000+

1

0

0

0

1

0

Total number

19

0

11

6

2

3

 

The 19 sales in 

April 20

12 is the highest volume of sales in any month of April since 2005 when the market was booming and there were 26 sales. Getting homes priced right for this market is helping to clear the inventory and return to a more balanced market.

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

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

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 first quarter home sales analysis.
This table shows the houses sold in Ormond By the Sea Florida for the first 3 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 Average DOM
2012 46 $61,000 $575,000 $147,847 $156,426 1479 $100 74
2011 40 $50,000 $385,000 131,156 $138,550 1304 $101 83
2010 34 $67,000 $565,000 159,138 175,203 1456 $109 133
2009 28 $66,000 $475,000 $135,979 149,582 1211 $112 80
2008 29 $80,000 $500,000 $201,700 $218,421 1376 $147 102
2007 30 $120,000 $1,185,000 $253547 $271,393 1247 $203 100
2006 22 $190,000 $600,000 $285,796 $301198 1267 $226 84


The average days on the market so far this year is lower than any year since 2006 and the volume of sales is up. Both of those are good indicators for the market.The increase in the average sale price is potentially due to larger homes being sold since the average price per square foot is stable.

.

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 March 31, 2012

Plantation Bay Golf and Country Club
 
Plantation Bay homes for sale as of April 30, 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 April 30, 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 range  Homes Bank 
 Under $150,000  3 2
 150,000 to 199,000 13 1
 200,000 to 249,000 13 2
 250,000 to 299,000 7 0
 300,000 to 399,000 8 1
 400,000 to 799,000 7 0
 800,000 and over 2 0
Total  53 6
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 April 2012

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 4 Plantation Bay Golf and Country Club home sold in April 2012.  One of the sales had lender involvement as either a short sale or foreclosure.  All of the sales were in the price ranges, between $233,730 and $500,000.  An additional 6 Plantation Bay homes are under contract awaiting closing and 5 of those involve a lender either a short sale or foreclosure.

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



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

Through the Daytona Beach Area Realtors® Multiple Listing Service (MLS) there were 43 Plantation Bay Golf and Country Club homes sold in 2011.  This volume of homes sold is higher than 3 opf the past 6 years.  Last year there were 58 sales and  13 of those 2010 sales involved a lender as either a short sale or foreclosure while in 2011 only 6 of the sales had bank involvement. 

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

2

1

1

 0

2

150-199

9

2

7

0

2

200-249

4

0

3

1

1

250-299

8

0

4

4

1

300-399

10

0

1

9

0

400+

10

0

4

6

0

Totals

43

3

20

20

6

 

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