Ormond By The Sea, Florida Condos Sold March, 2011

Ormond By The Sea, Florida Condos Sold March, 2011

 Five condos sold in Ormond By The Sea, Florida during March, 2011 through the Daytona Beach Area Association of Realtors® Multiple Listing Service (MLS), two of which involved a lender.  That number is consistent with the 2010 average of 5.5 sales each month.  March, 2009 had 4 sales and there were 5 sales in 2010.   
There are also 15 condos under contract pending sales closing and 8 of those involves a lender.

Of the 85 condos actively for sale on the market, 6 involve a lender.

The high inventory of  85 Ormond By The Sea condos for sale continues to indicate a buyers market and is about 17 months of inventory if we continue to sell 5 each month.  There was an average of 5.5 condos sold each month in 2010.

Here is the list of the March, 2011 condo sales. 

  Condo                    Description              Sold Price

Winchester Manor           2 bedroom 1 bath              $40,425 **
Regency Plaza *             1 bedroom 1 bath             $125,000  
Windemere Shores         2 bedroom 2 bath             $140,000
Regency Plaza *             2 bedroom 2 bath             $155,000**
Las Olas                        3 bedroom 3 bath             $244,793

  *These Condo buildings are directly on the beach 
 ** these sales involved a lender as a short sale or foreclosure.
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