Ormond By The Sea Florida Condo sales and 2012 Market Trends analysis
Ormond By The Sea Florida 10 year Condo sales analysis chart
| Year | Sales | Lowest$ | Highest$ | 2/2* | 2/2 average$* | 2/2 Low $* |
2/2 High $* |
Directly on the beach |
| 2001 | 87 | 49,250 | 270,000 | 55 | $106,836 | 66,000 | 160,000 | 21 |
| 2002 | 117 | 55,000 | 339,000 | 69 | $124,644 | 63,000 | 189,900 | 27 |
| 2003 | 109 | 64,500 | 350,000 | 59 | $149,076 | 92,600 | 190,000 | 44 |
| 2004 | 84 | 78,000 | 599,000 | 41 | $198,227 | 125,000 | 255,000 | 29 |
| 2005 | 111 | 128,000 | 840,000 | 74 | $263,326 | 137,500 | 335,000 | 23 |
| 2006 | 43 | 117,000 | 810,000 | 24 | $250,954 | 130,000 | 346,000 | 13 |
| 2007 | 50 | 110,000 | 830,000 | 28 | $218,636 | 110,000 | 300,000 | 16 |
| 2008 | 41 | 110,000 | 720,000 | 25 | $178,396 | 150,000 | 200,000 | 14 |
| 2009 | 59 | 50,000 | 595,000 | 35 | $156,706 | 104,900 | 200,000 | 18 |
| 2010 | 66 | 47,251 | 550,000 | 44 | $126,672 | 67,500 | 200,000 | 12 |
| 2011 | 79 | 40,425 | 495,000 | 41 | $118,727 | 50,000 | 180,000 | 29 |
2012 Market Trends
*These are on the west side of A1A, across the road from the beach.
- Sales not counted in the average are 1 and 3 bedrooms and also the 2 bedroom units with 1 bath.
- Not all units counted in the average have an ocean view.
All sales information is taken from the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS).
The value of condos seems to have returned to the 2002 levels and the volume of sales overall in 2011 is the highest since 2005 but has not yet returned to the level of earlier years. The outlook for 2012 should be continued stabilization of values as the inventory has been reduced providing more balance to the market.
Read the ActiveRain 2012 predictions here Real Estate Values.
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