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.
January 7, 2013 – In January 2012, I said, ''At the end of the year, we will look back on Palm Coast's housing market and say WOW.'' By every measure, 2012 was better than the preceding year. By many measures, it was the best in years.
December 7, 2012 – The Palm Coast and Flagler County housing market is in full recovery. Price is a lagging indicator but even prices are rising now.
October 26, 2012 – Signs of a sellers' market continue as distressed properties decline as a percentage of all Palm Coast and Flagler County sales. September home sales were up only 5% over last September, but the total value of those sales was up 27.9% over the same period. The median selling price rose 22.9%. The increase indicates a slight rise in home values as well as a change in the selling mix. Distressed properties (short sales and lender-owned sales) represented only 38.5% of single-family home sales, a significant drop from the 50% level that has prevailed for two years.