Ormond By The Sea, Florida condo market analysis February 28, 2010
By Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales
(Ocean View Realty Group in Ormond By The Sea Florida)
We have 6 more condos for sale in Ormond By The Sea through the Daytona Beach Area Multiple Listing Service than at the beginning of February 2010. The 94 condos currently for sale range in asking price from $83,900 for a first floor at Winchester Manor to $750,000 for the first floor 4 bedroom at the Tiffany, and 53 of the 94 are asking $200,000 or less. In addition to the 94 for sale there are 9 condos under contract awaiting closing, 6 of which were also pending at the beginning of February 2010. Many Ormond By The Sea, Florida condo owners continue to have expectations higher that what the current condo market will bear, as reflected in their asking price. May-be some of them will get lucky and sell above market. The table below summarizes the current for sale inventory of Ormon...
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