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Ormond By The Sea Florida 3rd Quarter home sales analysis 2011

By Al Raymondi

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

October 22, 2011 10:27 PM

Ormond By The Sea Florida 3^rd Quarter home sales analysis

This table shows sales in the July (1^st) to September (30^th) quarter by year for 10 years to analyze the Ormond By The Sea Florida home sales and make year by year comparisons.

Year	# Sales	Low $ Sold	High $ Sold	Average Sold $	Average ask $	Average Sq. Ft	Price/sq. Ft.avg$	Average Days On market
2011	44	63500	455000	141,406	150,834	1389	102	80
2010	54	45000	290000	122892	136354	1268	97	130
2009	42	60000	367000	144700	159804	1395	104	126
2008	56	72000	1688500	223991	251700	1491	150	124
2007	32	118215	1250000	298644	323045	1541	194	94
2006	32	135000	800000	284677	308556	1447	197	100
2005	79	180000	1000000	292881	302524	1360	215	58
2004	55	135000	855000	249966	261364	1500	167	48
2003	68	83000	712000	181987	189319	1446	126	69
2002	71	66000	590000	168744	177027	1535	110	65
2001	58	59000	800000	138458	143284	1436	96	56

Of the 44 Ormond By The Sea Florida homes sold in the 3rd Quarter 2011, 12 involved the lender as either a short sale or foreclosure, less than 30%. Only 2006, 2007 and 2009 had fewer sales than this past quarter than in any year since 2001. The 2011 total was 18% lower than 2010.

The average price per square foot has remained fairly stable since 2009. While values have increased over last year, they are now within the 2001-2002 range so we are back to where we were about 10 years ago.

More good news for the Ormond By The Sea Florida homes market is that homes sold were on the market for an average of only 80 days, which is the fewest average DOM since 2005 and the first time that number has gone down since 2007.

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Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

Good morning, Al.....this is good information for both buyers and sellers....looks like there's light at the end of the tunnel in Ormand by the Sea Florida....

Oct 22, 2011 11:58 PM

Carol-Ann Palmieri

RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA

"Cal" the Real Estate Gal

Hi Al. Nice comparison chart for folks looking to buy or sell real estate in Ormand by the Sea FL. Let's hope the trend continues in a positive direction.

Oct 23, 2011 12:41 AM

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Good Morning Al, I t is nice to see a comparson so far back, it certaily looks like prices are coming up. Hope things are great at the beach. Have a great Sunday.

Oct 23, 2011 04:24 AM

Ron Marshall

Marshall Enterprises - Saint Michael, MN

Birdhouse Builder Extraordinaire

Thanks for the great update, Al. Now, I am off to watch my team get creamed by the Pack.

Oct 23, 2011 07:49 AM

Renée Donohue~Home Photography

Savvy Home Pix - Allegan, MI

Western Michigan Real Estate Photographer

Ave sold looks much like ours but your PPSF is higher - you can be happy for that! Looks like you have experienced a little appreciation this year!

Oct 23, 2011 12:30 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

Thanks for stopping by to read my blog and to comment, I appreciate your comments.

Barbara, it does seem like we are going in the right direction.

Cal, we are all looking forward to continued improvement in our markets.

Scott, thanks, yes things are looking better at the beach.

Ron, lots of work getting these together but people seem to appreciate the comparisons.

Renee, square foot comparisons can be misleading with all the variations in properties.

Oct 30, 2011 09:27 AM

Ormond By The Sea Florida 3rd Quarter home sales analysis 2011

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