This is my 5th post in my 2007 real estate year in review series for the Daytona Beach area. This one is about Ormond by the Sea. If you're not familiar with the Daytona Beach area and how the cities are laid out, click here on Ormond by the Sea to view a map.
Prior to this post we've covered
As I did in my other posts, I'm going to insert a little excerpt from my Daytona Beach post here.
"It was at the beginning of 2006 that some real estate agents in east Volusia County, where the Daytona Beach Area Association of REALTORS is located, began to report slower sales. I can't speak for everyone, but I personally saw no change in my sales until July of 2006. In fact, by June of 2006 I had already beat my 2005 year-to-date sales and was set to have another record-breaking year. But in July of 2006, as I described it at the time, my personal business came to a sudden halt. Little did I know that what I considered a sudden halt was nowhere near the complete halt that was yet to come. And the inventory began to climb, faster and faster and faster."
Be sure to read the entire post as the Daytona Beach Area Association of REALTORS® encompasses all these cities, and the information in that post pertains to Ormond by the Sea as well.
Now, for the statistical real estate data on Ormond by the Sea for 2007, view the following chart.
As like most of the cities in east Volusia County, Ormond by the Sea had it's best year in 2005. What's interesting is how high the sales were in 2002 as well. And in 2006, the drop was beyond significant!
I have a few more cities to cover before I've covered all of east Volusia County. If you're planning to sell or buy real estate in Ormond by the Sea or any of the cities in this area, make a Smart Choice and contact Lisa C Hill.