Just sold information is a useful tool in determining the current health of the Palm Coast Real Estate Market. We break down the information into neighborhoods as we believe that real estate is not just local but hyper local and different subdivisions are affected in their own unique ways. We prefer to go that extra step and provide detailed information that other's don't. We also like to look at the price per square foot numbers of recent sales to help gage the healthiness of a neighborhood's real estate values. It is currently less expensive to purchase an existing home in Palm Coast than to build new. Homes in January of 2010 are selling at deep discounts to replacement costs.

Read complete Palm Coast ~ Flagler County Market Reports Here

This information is provided as a courtesy of Martin Collins & Kristi Ross of Prudential Warren Real Estate in Palm Coast, Florida. If you would like more detailed information, like to list your property and get it sold or are a buyer looking to purchase in Palm Coast...we would be happy to assist anyway we can. We believe information is power and are advocates of consumer empowerment in Real Estate transactions and searches.

It is very easy to do market statistics when there is zero to report on the sales side. There were no sales of any property in Hammock Beach, Yacht Harbor Marina or Ocean Hammock in the Month of January….zip, zilch, nada. I would say this is an indication that the properties are still overpriced in the eyes of buyers…however, there do look to be some excellent deals on....READ MORE

This information is provided as a courtesy of Martin Collins & Kristi Ross of Prudential Warren Real Estate in Palm Coast, Florida. If you would like more detailed information, like to list your property and get it sold or are a buyer looking to purchase in Palm Coast...we would be happy to assist anyway we can. We believe information is power and are advocates of consumer empowerment

Hammock Dunes Market Report ~ January 2010

January was a slow month for closed sales in Hammock Dunes. O homes and 0 lots were sold while 3 condos did close sale, but at a very significant price discount and after being on the market for an average of 588 days…yikes! I want to take a closer look at the condo sales in Hammock Dunes in January due to the deep discounts off the last list price.

11 Avenue De La Mer # 1603 Hammock Dunes

A 2/2 oceanfront condo featuring 1490 living square feet sold for...READ MORE

This information is provided as a courtesy of Martin Collins & Kristi Ross of Prudential Warren Real Estate in Palm Coast, Florida. If you would like more detailed information, like to list your property and get it sold or are a buyer looking to purchase in Palm Coast...we would be happy to assist anyway we can. We believe information is power and are advocates of consumer empowerment in Real Estate transactions and searches.

Interesting little tidbit about January’s real estate stats. Check out the price discount average off of the last list price for the OceanView/Front category. 38% off last listed price? hmmm…that is a pretty significant discount. So let’s dig into it a bit deeper. There were only 2 sales in this category for January.

2023 S. Central Avenue ~ Flagler Beach, Florida

The first sale was in Flagler Beach @ 2023 S. Central Avenue. The House is small, only 784 square feet and was advertised as Oceanview. The house was on the market for 1 day before going under contract and was sold and listed by the same company. Listed as a short sale for....READ MORE

This information is provided as a courtesy of Martin Collins & Kristi Ross of Prudential Warren Real Estate in Palm Coast, Florida. If you would like more detailed information, like to list your property and get it sold or are a buyer looking to purchase in Palm Coast...we would be happy to assist anyway we can. We believe information is power and are advocates of consumer empowerment in Real Estate transactions and searches.

The month of December finished on a high note with 128 SFR sales for the month and a total of 1,397 for the year. However December was the first month since July with more short sales (60) than non-distressed sold (54) and the second time we broke through the $150,000 median price (MP) bottom. The drop in (MP) was due to the high number of SFR sold under $99,999 which was 21. In October there were 23 SFR sold under $99,999 and we saw similar MP for the month, $150,000. I believe the market will continue to move along at the current pace even with another rash of possible loan defaults in 2010. Continued sales will be in part because the federal administration has extended and expanded the Federal Home Buyers Tax Credit until April 30, 2010. Loan defaults will be in part of continued high unemployment in Flagler County.

Short sales are still a concern. As of December 31^st over 79% of all pending home sales (PHS) were short sales, 412 of 517. Some neighborhoods the percent is over 95%, with Lehigh Woods and Seminole Woods being the highest. Locally, high unemployment will continue to increase our short sale market. We are experiencing 16.9% unemployment in Flagler County and with no jobs in sight we'll continue to have high unemployment. If you have questions about the sort sale process visit our new web site at Short Sales Explained.

Condos continue to be a great buy. Units in Fairways and Woodlands have sold for under $75,000. These units are perfect for the snow bird wanting to get out of the weather up north. If you or someone you know is looking for a condo, now is a GREAT time to buy in Flagler County.

A recent TV program promoted homeowners to walk away from their homes. Please before you or anyone you know even thinks of that as a solution please read below and then contact us.

Banks pursuing payback from walkaways

Increasingly aggressive mortgage lenders seek money from former owners who had a short sale or walked away. Read more.

If you have questions for a particular property please call, 386-931-0487 or toll free 888-355-8959

The below Table shows a month-to-month and year-over-year comparison of single family home sales for 2007, 2008 and 2009. The 2008 and 2009 median prices are with distressed properties removed. The 2007 short sale and REO (distressed properties) data was not available.

For a full list of homes on the market visit our web site at http://www.jimmyandannette.com