As of March 1, 2010 there are 126 homes for sale in Ormond By The Sea, Florida through the Daytona Beach area multiple listing service. In addition, there are 47 homes under contract awaiting closing and 28 of the 47 (60%) are bank owned, short sales, or in various stages of the foreclosure process. Less than 20%
(21 homes) of the 126 Ormond By The Sea, Florida homes for sale involve a lender.
The lowest priced property is a 2 bedroom 1 bath on Essex Drive at $84,900 and the highest price is an 8 bedroom home on Ocean Shore Blvd. asking $2,399,000. There are 10 homes priced under $100,000 and 57 asking $100,000 to $200,000. Only 23 homes are priced at $400,000 and above with 6 of these asking over a million.
Lenders are pricing their properties more aggressively as indicated by the 20% of homes for sale involving a bank while 60% of those under contract are involving a bank.
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland
As a property owner in Ormond Beach, these statistics are quite painful. Lets hope the market turns soon.
Mar 09, 2010 11:33 PM
Erlandson Realty - West Salem, WI
Al,
Wow as your previous poster said, I agree I hope your market turns for you soon. Here I am having a big trouble getting houses on the market, we have buyers, no sellers. Good luck to you, keep the posts coming, I like to keep up on whats going on.
Semper-Fi
Eric Ristey
wilandandhome.com
Mar 09, 2010 11:48 PM
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales
Ellie
Perhaps you'll get a break on your tax bill due to the devaluation of your property.
Al
Mar 10, 2010 12:00 AM
Comments(3)