Palm Coast & Flagler County Home Sales By Price Bracket

Just knowing how many homes is not always enough. It's important for those thinking of selling to know what the buyer make up of an area is in order to have reasonable expectations when thinking of selling. Front and foremost, as of the beginning of November we are about 8% above last year in terms of the total number of homes sold with 1166 for the county compared to 1074 from the same period last year. So what homes are selling? Let's take a look:

As can see, the primary price range in the area is up to $200k. About 41% of all homes sold in the area so far have been short sales. And about 1% being foreclosures. In that $0 to $200k price range, about 48% of all sales have been short sales.

The next thing to look at is how long can I expect it to take my house to sell? This varies on a variety of factors, but the stats for the area for the year are as follows:

As you can see for the most part, the $0 to $200k has the lowest number of days on the market in the area.

In terms of overall performance this year, we are seeing some very positive signs. As I said in the beginning of this year, the prices will not change until number of sales increases and number of homes for sale goes down which we are seeing both. The more important component being the number of sales. We are currently about 8% higher than this time last year in overall number of Residential home sales in Flagler County:

Because of this we are also starting to see a "flattening out" of median prices in the area. Number of sales and median price will react about a year a part. Therefore, the quantity of sales increase is very important and a very positive sign for the future of the area.

*Statistics based upon the Flagler County Association of Realtors MLS from 1/1/2009 through 11/2/2009. All information is deemed reliable but not guaranteed.