July 13, 2014 – The Palm Coast and Flagler County looks robust. The median selling price of single-family Flagler homes through MLS in June rose 13.3% to $162,500 from $144,500 one year ago. But the increase is largely due to a decline in the percentage of sales comprised of distressed properties. The number of homes selling remains essentially unchanged from a year ago. It appears that the market is getting healthier rather than stronger.
June 10, 2014 – The number of single-family Flagler County homes sold through the Multiple Listing Service, both in May and year-to-date, remained essentially unchanged from one year ago, but the market’s internal dynamics are considerably changed; the most notable being the sudden decline in short sales.
May 12, 2014 – For the second consecutive month, both the number of Flagler County homes sales (as reported by MLS) and the total value of those sales fell below levels of one year ago. But the March/April median selling price of $151,000, was 8.4% higher than for the same two month period last year. For this year through April, fewer Flagler County homes have sold than during the same period one year ago.
April 7, 2014 – The steady increase in the number of homes sold via MLS in Flagler County year-over-year has apparently come to an end. The number of homes sold during the quarter ending March 31, 2014 was down 6.7% from the same period last year. But the median selling price this past quarter was up 29.8% from 2013.The average price paid per square foot was also up, increasing by 13.1%. Aggregate sales increased 10.7%.
March 10, 2014 – Short sales are quickly becoming a non-factor, representing only 4.7% of Flagler County February home sales and 5.7% of active home listings. Foreclosed sales (sold by lenders after taking them back through a foreclosure sale – also commonly referred to as REO), however, remain brisk.
February 14, 2014 – Palm Coast and Flagler county home sales plummeted 26.5% from December to January. So what? Fewer homes were sold in January than in the previous December in each of the past seven years. Actually, home sales remain positive. 6.1% more homes were sold in January than during the same month a year ago. The aggregate value of those sales rose 11.1%.
January 24, 2014 – National and Florida Realtors® have published their December residential sales results. How does the Flagler/Palm Coast market stack up? You might be surprised to learn that Flagler County continues to be a lower cost place to buy a single-family home when compared to the overall Florida and national markets.
January 10, 2014 – 2013 was a positive year for both realtors and their clients. The inventory of distressed properties continued to shrink throughout the year. For the first time since 2005, prices are on the rise. Single-family building permits doubled from the previous year and builders are complaining about shortages in both materials and skilled labor. Buyers and sellers realized that it was no longer a buyers’ market. That realization fueled competition for desirable (well priced) homes and condos which, in turn, led to price appreciation.
November 21, 2013 –Non-distressed sales continue to make up a higher percentage of local home sales and are beginning to dominate in aggregate sales volume as the Palm Coast and Flagler County real estate market slows during its slow season (November, December and January as measured by MLS closings).
September 24, 2013 – Palm Coast, FL, once the poster child for the real estate bubble, has settled down to something resembling normalcy.
August 9, 2013 – More single-family homes sales were closed through MLS in Flagler County during July than in any month since October 2005. Home prices are rising too. July’s median selling price was the highest since October 2008. A preliminary tally shows that 217 homes were closed during July at a median price of $155,000.
July 16, 2013 – Home prices are on the rise, especially for non-distressed properties.
May 30, 2013 – Fewer Distressed Palm Coast/Flagler Properties Available as Home Sales Strengthen
April 5, 2013 – No more Leisurely Home Shopping as Palm Coast Market Shifts into a New Phase
February 18, 2013 – Flagler's home sales mix is shifting. There are more cash sales and fewer lender-owned and short sales. Overpriced listings are masking a tight inventory of realistically priced homes.