“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Palm Coast/Flagler County Real Estate The Ross/Collins Team

Palm Coast, FL - Palm Harbor - Market Update - August 2008

Make sure to check back in 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.

 

Market update for August 2008

 

The following Palm Harbor Stats do not include Saltwater Frontage Homes

 

 

Palm Harbor Neighborhood (East of I-95)

122 Homes for Sale

(Inventories decreased by 8 %  between July & August)

 

Search Homes for sale in Palm Harbor - Palm Coast, Florida

 

There are currently 3 Bank Owned Homes in the Palm Harbor Neighborhood

There are currently 20 Short Sale Homes in the Palm Harbor Neighborhood

 

 

Average List Price: $226,569 in August vs $231,934 in July

Average Sale Price: $186,416 in August vs $153,563 in July

Total Pending Homes:   21

Pending Bank Owned:   3

Pending Short Sales:  14

Sold Homes: 11

Days on Market:  185

Sale Price/List Price Ratio:    91.86%

 

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time  REALTOR in Palm Coast/Flagler County, Florida for 7 years come this October....I have learned that information is power and I am an advocate for customer empowerment.
Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com.  You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

 

 

 

*DISCLAIMER:  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.

 

Palm Coast, FL - Indian Trails - Market Update - August 2008

Make sure to check back in 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.

Market update for August 2008

Indian Trails is one of the most built out communities in Palm Coast, so it is not a surprise that it has high inventory levels of homes on the market. Indian Trails has always been a desired area due to its proximity to schools, the Library, restaurants, grocery stores etc. Located just to the North of Palm Coast Parkway - West of I-95 and to the south of Matanzas Woods...it is in close proximity to the new Palm Coast Park development.

India Trails is continuing to feel pressure on pricing as Average Ales price continues to decline and inventory levels are rising. With one of the highest Bank Owned Inventories and short sale inventories in Palm Coast...we should continue to see pressure on price reductions in order to aggressively move properties for seller's that must sell. If you are not in a situation that you must sell your property right now...the only questions I must ask is...why is it listed for sale. Price is determining everything in this market right now...normal reasoning regarding location and condition of a home have nearly flown out the window in my opinion. Please, Please, Please continue to pay attention that lowest price does not always equal best value.

Indian Trails Neighborhood (Indian Trails School District)

189 Homes For Sale

(Inventories increased by 4% between July & August)

Search Homes for sale in Indian Trails - Palm Coast, Florida

There are currently 5 Bank Owned Homes listed in Indian Trails

There are currently 61 Short Sale Homes listed in Indian Trails

Average List Price: $ 210,524 in August vs $211,939 in July

Average Sale Price: $162,045 in August vs $177,800 in July

Total Pending Homes: 36

Pending Bank Owned: 2

Pending Short Sales: 23

Sold Homes: 11

Days on Market: 320

Sale Price/List Price Ratio: 93.64%

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years come this October....I have learned that information is power and I am an advocate for customer empowerment.
Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

*DISCLAIMER: 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.

Palm Coast, FL - Pine Lakes - Market Update - August 2008

Make sure to check back in 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.

Market update for August 2008

Pine Lakes has long been a very popular community due to the close proximity to shopping, dining, and of course is the home of the Pine Lakes Golf Course and Club house.

During August we witnessed a decrease in inventories in Pine Lakes by about 6%, but that coincides with a decrease in the average list and average sale prices. Again showing weakness in the market and customers looking for the best value and waiting for prices to continue to come down. Average days on market also increased in Pine Lakes and the absorption rate in Pine Lakes show that we are in a strong buyer's market in this neighborhood.

Again it is very important to pay attention to the amount of short sales in a neighborhood because they do have a high opportunity of turning into bank owned property in the future.

Pine Lakes Neighborhood (Pine Likes Golf Course Area)

156 Homes For Sale

(Inventories Decreased approximately 6% from July to August)

Search Homes for sale in Pine Lakes - Palm Coast, Florida

Absorption Rate: 11 Months

There are currently 1 Bank Owned Homes in the Pine Lakes

There are currently 32 Short Sale Homes in the Pine Lakes

Average List Price: $ 225,926 in August vs $227,181 in July

Average Sale Price: $172.700 in August vs $197,790 in July

Total Pending Homes: 29

Pending Bank Owned: 1

Pending Short Sales: 16

Sold Homes: 12

Days on Market: 165

Sale Price/List Price Ratio: 93.04%

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years come this October....I have learned that information is power and I am an advocate for customer empowerment.
Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

*DISCLAIMER: 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.

Palm Coast, Fl - Matanzas Woods - Market Update - August 2008

Make sure to check back in 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.

Market update for August 2008

There was only 1 sale in July in the community of Matanzas Woods...the good news...it was not a distressed sales and the home sold for $365,000. The bad news, is that was on rare home and the average sale price fell significantly when sales were recorded for the month of August.

Matanzas Woods has also held onto property values much better than most of the other non-gated communities in general Palm Coast, Florida. Again, I think it is very important to point out LOCATION. Matanzas Woods is located west of I-95 and is the furthest Palm Coast community to the North. This community is very popular with people who commute and work in St. Augustine & Jacksonville due to its close proximity to US1 with direct access to I-95.

Matanzas Woods also has become more popular since the north bridge over the interstate connecting the west side to the east side was completed, making access to the New Matanzas High School, the beaches and upcoming commercial developments in Palm Coast Park. Oh did I mention it has a great golf course.

Matanzas Woods Neighborhood (Matanzas Golf Course Area)

65 Homes For Sale

(Inventories increase by less than 1% between July and August)

Search Homes for sale in Matanzas Woods - Palm Coast, Florida

Absorption Rate: 16 Months

There are currently 4 Bank Owned Homes listed in Matanzas Woods

There are currently 20 Short Sale Homes listed in Matanzas Woods

Average List Price: $232,508 in August vs $237,916 in July

Average Sale Price: $203,125 in August vs $365,000 in July

Total Pending Homes: 13

Pending Bank Owned: 3

Pending Short Sales: 7

Sold Homes: 4

Days on Market: 66

Sale Price/List Price Ratio: 94.16%

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years come this October....I have learned that information is power and I am an advocate for customer empowerment.
Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

*DISCLAIMER: 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.

Palm Coast, FL - Belle Terre/Pine Grove - Market Update - August 2008

Make sure to check back in 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.

 

Market update for August 2008

 

The Belle Terre/Pine Grove Area is currently showing an extremely high absorption rate and it looks to be about 12 months of inventory currently on the market for sale. This is generally a indicator of a buyers market.

The positives are that the average days on market from when a house is listed to when it sales has decreased to only 73 days.  This area is a prime example as is Lehigh Woods of the heavy impact of high levels of inventories, numerous short sales and bank owned properties really effecting the value and salability of neighboring homes.  It is unfortunate, but in order to sell a home quickly in these areas you must adjust to meet the competition and price aggressively

 

Belle Terre/Pine Grove Neighborhood (N. of 100/West of I-95)

172 Homes For Sale

(Inventories Decreased 3% from July to August)

Search Homes for sale in Belle Terre/Pine Grove - Palm Coast, Florida

Absorption Rate:  12 Months

 

There are currently 9 Bank Owned Homes listed in Belle Terre/Pine Grove

There are currently 59Short Sale Homes listed in Belle Terre/Pine Grove

 

 

Average List Price:   $197,951 in August vs $201,101 in July

Average Sale Price:  $150,200 in August vs $153,909 in July

Total Pending Homes:   48

Pending Bank Owned:   4

Pending Short Sales:  33

Sold Homes:  10

Days on Market:  73

Sale Price/List Price Ratio:    93.44%

 

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time  REALTOR in Palm Coast/Flagler County, Florida for 7 years come this October....I have learned that information is power and I am an advocate for customer empowerment.

Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com.  You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

 

 

 

*DISCLAIMER:  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.