I just finished giving annual real estate updates for the year 2007 for

• Daytona Beach
• Daytona Beach Shores
• Port Orange

As I stated in a couple of those posts, my motto for this year is Real Estate is Great in 2008! I came up with that motto with good reason. Just read my post titled Good News for Central Florida Real Estate in 2008.

But this post is about what happened in real estate for the year 2007 for the city of Ormond Beach Florida. This is the year-in-review market report.

Let me start by quoting from my Daytona Beach real estate 2007 year-in-review post.

"Over the last month or so, I noticed an interesting trend. The residential real estate listing base in the Daytona Beach Area Multiple Listing Service (MLS), which includes all of East Volusia County plus some crossover listings from neighboring areas, has been slowly dropping..." You can read the rest of that post by following the Daytona Beach link above. You'll need the information that's in that post to compare to the data in the following chart for Ormond Beach, since these cities are all part of the Daytona Beach Area Association of REALTORS®.

Unlike most of the other surroundng cities, Ormond Beach real estate sales remained fairly steady all the way up to 2006. But the peak years were the same as Daytona Beach, unlike Daytona Beach Shores, where the highest year's sales were in 2004.

I have several more cities to post, to cover all of east Volusia County. Then I'll add a post with a combined chart of all east Volusia cities.

If you're planning to sell or buy real estate in Ormond Beach, make a Smart Choice and contact Lisa Hill.