Monday Morning Flagler County Housing Report 6/3/12 to 6/9/12

By
Real Estate Agent with Trademark Realty Group of Palm Coast
This past week was another great week in the area as buyers are taking advantage of the great prices and Flagler county Palm Coast Real Estate Reportinterest rates.  One of the biggest surprises many are finding right now is the reduced selection as the area has about 742 homes presently for sale.  That number is far lower than it’s been in the past and sellers are seeing some favor from that.
 
Flagler County Listings
 
Active . . . . . . . . . . . .  742
Lowest . . . . . . . . . . . .  $35,000
Highest . . . . . . . . . . . . $4,200,000
Average . . . . . . . . . . . . $337,743
Median . . . . . . . . . . . . .$229,900
 
This past week (6/3/2012 to 6/9/2012) 63 new listings came on the market with the lowest being $75,000 and the highest being $1,350,000.
 
The other area that has seen real progress is in the area of short sales.  Over the last few years short sales have constituted about 35% of all listings and sales.  This number has dropped considerably to about 14% of listings currently for sale or 103.  This is very positive and can be a great indicator of stabilization.
 
Flagler County Listings – Short Sales
 
Active . . . . . . . . . . . .     103
Lowest . . . . . . . . . . . .   $56,000
Highest . . . . . . . . . . . .   $989,000
Average . . . . . . . . . . . .  $187,995
Median . . . . . . . . . . . . .  $130,000
 
So how are housing sales?  Great.  This past week 30 houses closed with the lowest at $35,200 and the highest at $1,280,000.  The average selling price was $164,281 and the median price at $109,073.  41 houses have closed so far in June.  May finished with 208 closings which is 35% above May 2011 when 154 houses closed.  So far 884 houses have closed since January 1st.  The numbers for lowest, average, and median are a bit skewed as one house that closed recently was mistakenly entered as selling for $160.
 
Don’t forget to “Like” us on Facebook at www.Facebook.com/PalmCoastHomeShow or follow us on Twitter at www.Twitter.com/PalmcoastHomes to featured listing updates, market updates, news, or feel free to ask us what’s going on in the market.  And remember, www.PalmCoastHomeShow.com is always a great resource and  one of the most comprehensive destinations for Real Estate shopping in the area and a great place to for sellers to get exposure to thousands of visitors every month.
 
Disclaimer: Information based upon the Flagler County Association of Realtors MLS as of  6/10/2012  for Residential Houses.  Information may be deemed reliable, but is not guaranteed
Posted by

Kathleen West, Realtor
Trademark Realty Group of Palm Coast

2 Pine Lakes Parkway, Suite 1 Palm Coast, FL  32137 | Office: (386) 446-5930 
Email:  Kathleen@PalmCoastHomeShow.com
www.PalmCoastHomeShow.com

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