July to September, 2009 Ormond By The Sea, Florida condo sales

July to September, 2009 Ormond By The Sea, Florida condo sales

Condo values have declined but not as drastically as the past. The 3rd quarter (July-Sept.) 2009 average condo sale price was $156,036 for a 2 bedroom 2 bath on the west side of A1A. That is $21,297 less than the 3rd quarter of 2008, which was $42,000 lower than the 3rd quarter 2007.
Volusia county property appraisal Morgan Gilreath has stated that overall property values in Volusia County, Florida are decreasing at an average rate of 2 ½% monthly. Ormond By The Sea 2 bedroom 2 bath condo on the west side of A1A year over year for the 3rd quarter have declined in value about 12%.


   July to September Ormond By The Sea, Florida condo sales

   Year     Sales      Average (2/2 West of A1A) Sale Price)

   2005     26        $286,972 (13 were $290,000 or higher)           

   2006     15        $225,090 (2 sales $290,000 or higher)              

   2007     20         $213,000 (highest $275,000; lowest $175.000)

   2008     11        $177,333 (highest $197,500; lowers $154,500)

   2009     22        $156,036 (decrease of $21,297 form 2008)