January 2010 Ormond By The Sea, Florida condos sold

In January 2010 through the Daytona Beach area MLS there were 2 condos that sold in Ormond By The Sea, Florida.  A 1-bedroom at Ocean Shores Condo sold for $50,000 and a 3-bedroom at Oceanaire sold for $250,000.  Since 2006 there have been 4 or fewer sales every January.  There were 13 sales in January, 2005.  There are currently 7 Ormond By The Sea condos under contract awaiting closing.  The Ocean Shores condo was a renovated 3rd floor unit that was on the market 91 days.  The Oceanaire condo was a top floor unit with a large roof deck, storm shutters and a fireplace that was on the market for 327 days.

As an example of how values have droopped in recent years, the Oceanaire 3-bedroom that sold has one other just like it that sold in 2005 for $500,000 and again in 2006 for $400,000. 

For information about Ormond By The Sea Florida homes and condos for sale and for rent visit the Ocean View Realty Group web site at www.ovrealty.com