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

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.

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

100,000-149,999

150,000-249,999

250,000+

Total number

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 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 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 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

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

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

Ormond By The Sea Florida Homes sold in April, 2012

Ormond By The Sea Florida Homes sold 2011

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

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