Two condos sold in Ormond By The Sea, Florida during November, 2011 t
hrough the Daytona Beach Area Association ofRealtors® Multiple Listing Service (MLS), one of which involved a lender as a short sale or foreclosure.
There are also 12 condos under contract pending sales closing and 8 of those involve a lender.
The 2 sales is lower than the 2010 monthly average of 5.5 sales and less than any November since 2005 and 2006 when there were also 2 condo sales.
There are also 12 condos under contract pending sales closing and 8 of those involve a lender.
The 2 sales is lower than the 2010 monthly average of 5.5 sales and less than any November since 2005 and 2006 when there were also 2 condo sales.
Although there were only 2 sales this November, it is usually a slow month. Indeed, year to date there have already been more Ormond By The Sea condos sold than in any other year since 2005 where 110 condo were sold during that year.
Here is the list of the November, 2011 condo sales.
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11 Comments on Ormond By The Sea, Florida Condos Sold in November, 2011
Not sure if the prices are coming up, but it appears some are selling this year which is good,
Good morning, Al....it looks like your market is improving.....that's a good sign....
Wow those are great proices for beach condos!
Can't beat those prices Al and the numbers on total sales seems arounf average for Nov. You know Dec thru May will show a big uptick.
Thanks Dennis, Barbara, Linda and Marco for stopping by my blog to read and to comment today. I appreciate your time and comments.
Dennis , prices are fairly stable on average but better properties are selling for higher prices.
Barbara, yes it sure is looking like the market is moving in the right direction..
Linda , You are correct, we have relatively cheap ocean views.
Marco, yes we are looking to improve over the next few months.
Good Morning AL, I am glad to see condominiums are selling in your area. I have seen a similar trend here in Nh as i placed 3 of my condo listings under contract since Thanksgiving. Now fingers are crossed they close on time. Do your markets pick up once the snow birds get to town?
Lots more activity in the winter months when the town is full Scott.
Hi Al. Looks like you are moving these condos and why not? Great prices, yes?
Thanks Cal, yes those priced right for this market are selling.
Al,
Good market report for the condo's in your area. It appras that condo's are slling but at fairly low prices which certainly is good for he buyers. When do you think the price movement downward will end?
Thanks for dropping in Bob, I think we are close to bottom but some of the distresses properties may continue to drag on values. Nice properties seem to be holding their value more now.