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Ormond By The Sea Florida home sales prices 2012 market trends

By Al Raymondi

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

February 24, 2012 09:25 PM

Ormond By The Sea Florida home sales prices
2012 market trends

The graphic below shows the average sales prices of single family homes in Ormond By The Sea Florida through the Daytona Beach area Association of Realtors® Multiple Listing Service (MLS) for the years 2005 through 2011.
While there has obviously been a decline of 50% since 2005, the most recent few years have seen a stabilization of sales prices that indicate we are bouncing along the bottom.

2012 market trends

As the inventory decreases buyers have fewer choices and sellers have less competition.
The high level of current market activity indicates that the trend for 2012 should be a continuing stabilization of sales price averages which should help stabilize values and make the market stronger. Better maintained and updated homes should command higher sales prices as we go forward. If values decline at all in 2012 it should be a small amount.

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Ron Marshall

Marshall Enterprises - Saint Michael, MN

Birdhouse Builder Extraordinaire

It is great to see some positive news again. Now, don't you wish you were home to sell something this weekend?

Feb 24, 2012 11:10 PM

AJ Heidmann ~ CRS

McEnearney Associates, Inc. - Alexandria, VA

YOUR Alexandria & Arlington, VA Real Estate Expert

Al - That is a strong argument that your market has found it's base with the average sales price over the past 4 years. Add in lower inventory and you have the recipe for increasing sales prices.

Feb 24, 2012 11:23 PM

Robert Bob Gilbert

Berkshire Hathaway HomeServices Anderson Properties - Katy, TX

Your Katy TX ( West of Houston) Real Estate Expert

Al,

What I really like about your market reports are they tell a specific story and are very easy to read and understand. I need to work on having mine be more like yours as I put too much data all into one report. Keep it simple as executives I use to work for would tell me when I would prepare a presentation for Senior Management. Good job once again.. I am glad to see the positive side of prices stabilizing.

Feb 24, 2012 11:27 PM

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Good Morning AL, it is nice to see the tide changing, although down from 2005 the amount of homes on the market is decreasing and sales are increasing. We are at least heading into the right direction now. SO who is your pick for Daytona?

Feb 24, 2012 11:53 PM

Al Raymondi

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

Ormond By The Sea Florida - Home and Condo Sales

Thank you for stopping by to read my blog and to comment Ron, AJ, Bob and Scott, I appreciate your comments.

Ron, thanks, no, I'll stay here and enjoy.

AJ, thanks, yes we have reason to be optimistic.

Bob, thanks, the graphic is super simple at chartgo.com.

Scott, thanks,I hope Jeff Gordon wins the 500.

Feb 25, 2012 06:10 AM

Florida Tolbert Team Keller Williams Advantage

Keller Williams Advantage III Realty in Lake Nona - Orlando, FL

Keller Williams Land Luxury Division Specialist

That is certainly positive news that the prices are on the rise once again in yet another Florida County.

let's keep spreading the positive news

Feb 25, 2012 11:27 AM

Thanks Kevin, we have waited a long time for some positive news.

Feb 26, 2012 01:14 AM

Ormond By The Sea Florida home sales prices 2012 market trends

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