Adding new feature to my blog - Statistical Sundays

By
Real Estate Agent with 100 Plus Realty LLC

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.

 

 

 

 

 

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Show All Comments
Rainmaker
54,852
Homer Ray
Eastern NC Homes - New Bern, NC
Eastern NC Homes

Good luck on your new feature..

We have around a years supply on the market

avg price 200k

dom    130 or so

under 200k good movement  300-700k SLOW!

sales off about 30% YTD vs 2007

May 25, 2008 02:27 PM #1
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Rainmaker
240,205

Palm Coast Homes

Palm Coast/Flagler County Real Estate, The Ross/Co
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