Flagler County/Palm Coast Market Update 5/9/2011

As the age old question goes in Real Estate, "How's the market doing?" In Flagler County and Palm Coast, FL . . . very postive. You can get a full break down of Residential Home Market Statistics for the area at PalmCoastHomeShow.com. But here's an overview of the market as of today:

There are 1196 homes for sale in Flagler County and 887 in Palm Coast. Both are some of the lowest levels of inventory in the last few years.
Of the homes for sale 27% are 'short sales' in Flagler County and 32% in Palm Coast.
Foreclosures represent 2% of all homes for sale in both areas.

In terms of sales, we are seeing great activity in the area.

440 homes have closed through 4/30/2011 in Flagler county which -7% compared the same period last year. This is not a concern because last year we had the Home Buyer Tax Credit as saw unusal high activity early on in the year compared to historical trends.
32% of all sales this year have been short sale.
Sales have been averaging around 95% of list price for home sales this year.

All of which are positive numbers for the area.

Posted Monday May 09