I am adding a new feature to my blog - Statistical Sundays.
Make sure to check back in every Sunday for updates on
the Palm Coast - Flagler County Real Estate Market and Trends.
I believe that information is power and am an advocate for customer empowerment.
Some wonderful and surprising changes are starting to take place in the Palm Coast - Flagler County Real Estate Market. We have had an excellent spring considering all that we have been through here in the last 18 months. We are seeing houses go pending the same day they are listed and even some bank owned properties having multiple offers presented and selling for over asking price....this is good news for the stabilization of the market...also maybe the catalyst for all you sitting on the fence to get moving instead of waiting for prices to fall further...our limbo pole just reached the bottom.
Here is a market update for May 2008 as of today Sunday May 25, 2008.
Let the numbers talk.
Total Active Palm Coast Homes:
General Palm Coast, Florida Homes update - Non-Gated Communities
1640 homes for sale - that is down from 1852 homes for sale in March.
Average List Price: $277,526
Average Sale Price: $189,165
As you can see from the numbers above...much off our market sales recently have been on the lower priced homes as bargain shoppers have rushed in to pick up the bank -owned deals and lower end properties. At some point these great bottom feeder deals will be gone. So if you have been sitting on the fence...now might be the time to hop off or miss out.
Lowest Average List Prices - Click on Neighborhood to search Homes:
Seminole Woods Neighborhood (south of 100/West of I-95) - $197,456
Search Homes for sale in Seminole Woods - Palm Coast, Florida
Lehigh Woods Neighborhood (North of 100/West of I-95) - $203,260
Search Homes for sale in Lehigh Woods - Palm Coast, Florida
Quail Hollow Neighborhood (south of 100/west of I-95) - $203,618
Search Homes for sale in Quail Hollow - Palm Coast, Florida
Belle Terre/Pine Grove Neighborhood (North of 100/West of I-95) - $206,163
Search Homes for sale in Belle Terre/Pine Grove - Palm Coast, Florida
Highest Average List Price - Click on Neighborhood to search Homes
Palm Harbor Neighborhood (East of I-95) $366,154
Search Homes for sale in Palm Harbor - Palm Coast, Florida
Cypress Knoll Neighborhood (Town Center Area) - $291,399
Search Homes for sale in Cypress Knoll - Palm Coast, Florida
Matanzas Woods Neighborhood (Matanzas Woods Golf Course Area) - 242,388
Search Homes for sale in Matanzas Woods - Palm Coast, Florida
Indian Trails Neighborhood (Indian Trails School District) - $225,127
Search Homes for sale in Indian Trails - Palm Coast, Florida
Pine Lakes Neighborhood (Pine Likes Golf Course Area) - $222,863
Search Homes for sale in Pine Lakes - Palm Coast, Florida
Pending Sales for Palm Coast Homes: 279 Homes
Sold Homes for Palm Coast: 104 Homes
DOM For Sold Homes: 137 Days
Average List Price : Sale Price Ratio: 93.03%
Short Sale Inventory: 391 Homes
Neighborhood with largest short Sale inventory: Lehigh Woods - 64 Homes
Bank-Owned Inventory: 55 Homes
Neighborhood with largest Bank-Owned inventory: Lehigh Woods - 10 Homes
*DICLAIMER: The above statistical data was gathered from the Flagler county MLS and is not to be guaranteed reliable or accurate and is for informational purposes only.
**Disclaimer: The search homes information is provided through IDX and Kristi L. Ross PA, Hawk Beach Realty, My Broker or associates are not in anyway responsible for any mistaken information provided.