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Ormond By The Sea, Florida Home Sales Analysis for November, 2011

By Al Raymondi

Real Estate Broker/Owner with Ocean View Realty Group in Ormond By The Sea Florida BK559597

December 18, 2011 10:18 PM

Ormond By The Sea Florida Homes sold in November, 2011

Through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS) there were 8 Ormond By The Sea, Florida homes sold in November, 2011. Two (2) of the sales had lender involvement, either a short sale or foreclosure. Additionally, there are 25 homes under contract waiting closing and 13 of those have lender involvement. The highest priced home sold was a 3 bedroom on Capistrano Dr for $180,000 and the lowest priced was a 3-bedroom 2 bath on Buckingham Drive for $57,000.

Ormond By The Sea, Florida homes sold in November, 2011 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

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

While the 2011 volume is lower that in previous years the average sales price is close to that of 2009 which may indicate that values are beginning to level off and the continuing decline in values is close to being over.

Here is a table comparing November home sales for the past 5 years. The 2005 average sale price was over $300,000.

Year	Number of Sales	Average Sales Price $
2011	8	124,250
2010	11	144,173
2009	24	126,219
2008	9	173,167
2007	11	283,436

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Carol-Ann Palmieri

RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA

"Cal" the Real Estate Gal

Hi Al. Values beginning to level off is a good sign. It is interesting to see your chart for the previous years back to 2007.

Dec 18, 2011 10:37 PM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

Al, It will be great to get those prices back up again and although volume has declined, leveling off to 2009 numbers is a good indicator that the Real Estate Recovery will see some gains in your area!

Dec 19, 2011 12:17 AM

Al Raymondi

Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL

Ormond By The Sea Florida - Home and Condo Sales

Thanks Cal and Larry & Sheila for stopping by my blog to read and to comment today. I appreciate your time and comments.

Cal , comparing to previous years gives a little perspective to the numbers.

Larry & Sheila, we are certainly beginning to believe that the market is recovering. There ar more potential buyers looking and the snowbirds are starting to arrive.

Dec 19, 2011 12:28 AM

Robert Bob Gilbert

Berkshire Hathaway HomeServices Anderson Properties - Katy, TX

Your Katy TX ( West of Houston) Real Estate Expert

Hi Al,

I will include a chart of sales by price point but i just do not have the time to go through all of them to spread by bedrooms and lender owned. Good market report and I also like the comparison to several prior years. I think i will add that aspect to my own but for YE reports written in January.

Dec 19, 2011 06:22 AM

Hi Bob,

The small volumes allows me to get the breakdowns pretty easily and the comparison to previous years provides some perspective for where the market values have been. Of course now that my Granddaughter is getting up to speed these figures will be much easier to gather.

Dec 19, 2011 06:59 AM

Ormond By The Sea, Florida Home Sales Analysis for November, 2011

Ormond By The Sea Florida Homes sold in November, 2011

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