Lender Owned – “As-is” - Proof of funds required – Listed at $147,900
SOLD for $139,000 – 3 Bedroom – 2 Bath – 2,025 Square Feet
Click here for more information on MLS #159759
Well kept home with side entry garage. Mature landscaping, backs to reserve area. Spacious floor plan with formals, tiled bonus room and fireplace. Sold by Hawk Beach Realty.
| Brought to you by Kristi Ross, Hawk Beach Realty. |
*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed
Palm Coast, Florida
Pine Lakes, Indian Trails & Lehigh Woods are the most built out communities in Palm Coast, FL so it is not a surprise they have the highest activity of LISTED and SOLD homes on the market. What is a surprise is the increase for 2009 in the total number of sales in these three neighborhoods. Sales in Palm Coast have increased, but Pine Lakes, Indian Trails & Lehigh Woods are on FIRE!
In 2008 sales in these three desired areas made up 40% to 45% of the total market in Palm Coast. In 2009, 63% of the total market sales have occurred in Pine Lakes, Indian Trails and Lehigh Woods. That is very interesting indeed.
NEW MLS LISTINGS v. SOLD
For most of 2008….the listed to sold ratio of homes in all of Palm Coast, FL was 2 to 1. This means that for every 2 homes listed for sale…..only 1 home actually sold. This number has now decreased to an average of 1.6 to 1. This is GREAT NEWS! However, I would like to point out that it is even better in Pine Lakes, Indian Trails & Lehigh Woods where the ratio has reached 1 to 1! Based on this data….we are working towards a normalized market in these three Palm Coast neighborhoods…with 1 home selling for 1 home listed we are equalized and will hopefully begin tipping in the direction of higher demand than supply in the next year. What is driving the sales in all neighborhoods of Palm Coast at this time…well, it is very simple PRICE! PRICE! PRICE! Palm Coast has once again become a very affordable choice with the Median Sales Price of Homes now at $139,000.
Let’s throw out the HIGH’s and take a closer look at the AVERAGE and MEDIAN PRICES…
With the increase in sales VOLUME…PRICES have continued to erode lower until recently. The AVERAGE Price is now up to $166K, off the January 2009 low of $144K. An increase of 15% in just 6 months! However, looking at the larger picture, using the MEDIAN Sales Price may be more prudent, as the increase in the AVERAGE Price may have come from the sale of a few high-end homes. (See Chart above.)
The MEDIAN PRICE is the Price where exactly HALF the homes sold for more, and HALF the homes sold for less, this throws out both the Highs and Lows. The Median Sales Price is currently $139K, off the low of $130K set in January and again in March of 2009. Still almost a 7% increase in just 6 months…and quite impressive considering this market. However, it is unclear as to whether or not this was actually “The Bottom”, or just a seasonal phenomenon caused by the warm weather and once again the ability to GET A LOAN! The decrease in NEW LISTINGS could be temporary too, as it is difficult to predict how many foreclosures and short sales are yet to come to market. But then again…it could have been the bottom we have all been waiting for.
A significant decrease in price had occurred once again in 2008...making the prices of homes in all of Palm Coast very attractive. Even with this modest increase in prices for 2009, you can still find an affordable home that sold for tens of thousands of more dollars just a few short years ago. You may have missed THE bottom, (or maybe not?) but there is still plenty of time to find a great deal!
Homes for Sale
| ACTIVE FOR SALE | Palm Coast ALL | Indian Trails | Lehigh Woods | Pine Lakes |
| # of Listings | 999 | 109 - (11%) | 142 - (14%) | 100 - (10%) |
| Low Price | $61,000 | $86,200 | $84,900 | $89,000 |
| Average Price | $253,075 | $199,679 | $166,638 | $194,628 |
| Median Price | $195,000 | $186,900 | $159,900 | $177,000 |
| High Price | $1,495,000 | $561,000 | $351,000 | $529,000 |
| # Bank Owned | 36 | 3 | 7 | 3 |
| % Bank Owned | 3.6% | 2.4% | 4.9% | 3.0% |
| # Short Sales | 341 | 38 | 74 | 30 |
| % Short Sales | 34.1% | 34.9% | 52.1% | 30% |
SOLD – First 6 months of 2009
| SOLD to 6/30/09 | Palm Coast ALL | Indian Trails | Lehigh Woods | Pine Lakes |
| # of Listings | 591 | 81 - (13.7%) | 85 - (14.4%) | 57 - (9.6%) |
| Low Price | $47,200 | $47,200 | $75,000 | $65,000 |
| Average Price | $162,437 | $131,583 | $128,398 | $154,816 |
| Median Price | $137,000 | $120,000 | $125,000 | $150,000 |
| High Price | $1,060,000 | $253,500 | $255,000 | $234,000 |
| # Bank Owned | 140 | 20 | 24 | 8 |
| % Bank Owned | 23.7% | 24.7% | 28.2% | 14.0% |
| # Short Sales | 244 | 25 | 41 | 27 |
| % Short Sales | 41.3% | 30.9% | 48.2% | 47.4% |
Absorption Rate: 11 Months! (….down from 16 Months in March!)
Type of Market: Very Strong buyer's market
Sale Price/List Price Ratio: Unchanged at 92%
Kristi Ross - REALTOR - With over 14 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 ....I have learned that information is power and I am an advocate for customer empowerment.
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.
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.
The search homes information is provided through IDX. Kristi L. Ross PA, Hawk Beach Realty, My Broker or associates are not in anyway responsible for any mistaken information provided.
Did you know you qualify as a first time home buyer if you have not owned a home for 3 years prior to your purchase? Many homebuyers do not realize that they may qualify for a tax credit of up to $8,000. This tax credit is temporary and is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
If you are interested in learning more about the $8000. tax credit and curious as to if you qualify…please view this informative video from the National Association of Homebuilders.
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need in one place.
Kristi Ross - REALTOR - With over 14 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 ....I have learned that information is power and I am an advocate for customer empowerment.
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.
Distressed Sales Lead to Lower Median Sale Price
We are now half way through 2009 and the figures are in for Palm Coast, Florida. The number of single family homes listed for sale has decreased from 1534 in the first six months of 2008 to 1007 for the first six months on 2009. That is a decrease in available inventory on the market of 55%....this is great news, but it comes at a very high cost to homeowners and sellers. Short sales and bank owned properties have now become a majority of the market. See median sale price data below.
The chart below shows a major decline in median property values over the last 4 years with the median single family home price now coming in at a very affordable $137,000. That is a decrease of 17% over the first half of 2008 and a decrease of 44% since the first half of 2006. It does appear that the median sale price of Palm Coast condos is stabilizing after a staggering 40% loss in value since the first half of 2006.
The vacant lots...well, the numbers are pretty horrifying. The median sale price of vacant lots in Palm Coast (Including lots in Grand Haven, The Conservatory, Palm Coast Plantation and other gated communities) have fallen a jaw dropping 74% since the first half of 2006 with the median sale price now at $20,000 per lot.
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need in one place.
Kristi Ross - REALTOR - With over 14 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 ....I have learned that information is power and I am an advocate for customer empowerment.
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.
Source: FLGMLS Multiple Listing Service. Data is believed to be accurate but not guaranteed.
Wow..wow…wow…wow..wow!!!!!
On June 30th, 2009, a Palm Coast Saltwater Canal home with an pool, 80’ of bulkheaded waterfrontage, two canals off the Intracoastal Waterway, 3 Bed/2Bath/2Car garage and over 1980 living square feet under heat and air…Closed Sale for $185,000….no that is not a TYPO….it Closed sale for $185,000…..that is under $100.00 per square foot with the LOT!!!!
If you break out the lot and figure it at $81K…the price of the sale of the lot at 6 S. Coral Reef Ct..(NO…this is NOT across from duplexes) in March of 2009 according to the public records in the Flagler County Taxrolls …that makes the square foot price for this home $52.31 per square foot….huh???? OH and did I mention…it has an in -ground pool…..YUP!!!! Wow…wow…wow!!!!
Now, the reason that this is so significant, this was NOT a distressed “Short Sale” or “Bank Owned Property” according to the original MLS Listing. That means…IT IS A COMP for future appraisals on the canals!!!
I would also like to point out that the original list price on this house was $297,900 and the last list price prior to closing was $239,800. So that equates to a 48% discount off of the original listed price and a 33% discount off the last listed price. hmmmm....like I always tell my customers....there is no such thing as an offer that is too low...you never know a sellers motvation until you submit an offer..and you never get anything unless you ask for it.
This is great news for buyers working with a REALTOR as a buyer’s agent, that knows this market, will give you a huge advantage when it comes to negotiating with the seller.
For sellers…this is not good news at all. Especially with the new HVCC program regarding appraisals. It is already being discussed that the HVCC is causing major problems for home valuations and killing up to as many as an estimated 25% of all currently pending home transactions. There are 33 saltwater canal homes currently pending or contingent sale…it will be very interesting to see what the final sale prices are on these homes…. when and IF they make it to closing.
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need in one place.
Kristi Ross - REALTOR - With over 14 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 ....I have learned that information is power and I am an advocate for customer empowerment.
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.
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Florida Licensed REALTORS specializing in Short Sales, Bank Owned Homes & Waterfront Properties - Oceanside, Intracoastal & Saltwater Canal from Marineland to Flagler Beach.
The recent tumbling of home prices in Palm Coast have created an excellent opportunity for those who are wise. Some amazing buys are popping up daily in Palm Coast and Flagler County FL. It would be my pleasure to share those opportunities with you by weeding through all the worthless noise and finding those few gems instead of wasting time.
With over 24 years combined experience in acquiring, rehabbing, renting and marketing homes, plus being licensed REALTORS in the state of Florida, The results oriented team of Martin Collins & Kristi Ross have learned what works with regards to real estate buying and selling, and what doesn't.
Kristi Ross - Palm Coast, FL REALTOR
With over 14 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 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment.
Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
If you are planning a trip to Florida this year, we highly recommend you stop by Palm Coast and check out the tremendous value you can get on a home, condo, duplex or building lot. Please take time to check out our HOT PROPERTIES list.
If you would like more information about Palm Coast/Flagler County, FL real estate opportunities; feel free to contact us by email or phone 386-931-5822.
We know the Palm Coast - Flagler County Florida Real Estate market like our life depended on it...because it does.
Palm Coast, Florida - Flagler County is situated in the eastern portion of Flagler County, which is located on the Atlantic Ocean, in the heart of Northeast Florida, equidistant between the cities of Jacksonville and Orlando. Currently, the City of Palm Coast has a population of approximately 70,000 residents and covers an area of approximately 60 square miles. Ranked as the fastest growing city in the nation for the last 5 years, it is one of the most desirable places in the southeast to retire, own a vacation home or open a business. Flagler Beach, Florida - Flagler County is a quaint "Old Florida" type community that is becoming one of the "hot" destinations in Florida and is part of the growing Palm Coast Area, a twenty-mile stretch of scenic coastline that is a true haven for the active individual. Visitors, as well as those looking to relocate, are discovering the area's advantages; close proximity to resort and culture centers, tranquil waterways, subtropical forests and freshwater lakes, first class golf and amenities, yet far removed from the stress and fast pace of other, larger cities. The Hammock, Florida - is a fast growing area of Flagler County that has seen much of its changes in just the last five years. Beautifully landscaped gated developments now dot the uncrowded cinnamon colored beaches. The Hammock offers resort style living at its best, featuring the communities of Hammock Dunes, Hammock Beach Condos, Yacht Harbor Marina, Cinnamon Beach & Ocean Hammock. Tastefully designed yet affordable, the Hammock has become the first choice destination for baby boomers, retirees and vacation home owners. Hammock Dunes Homes & Hammock Dunes Condos - Exemplifying luxury oceanfront living, Hammock Dunes is renowned for its splendid choices in residences, outstanding amenities, and the private Equity Club. Among the many benefits of Club membership are access to two championship, award-winning and distinctive golf courses by two of the game's most respected designers, the masterful Rees Jones Creek Course and the legendary seaside Tom Fazio-designed Links course each with its own unique Clubhouse. Coupled with the stunning vistas of the Atlantic Ocean, the Hammock Dunes Club offers tennis and seaside croquet as well as casual and fine dining. Ocean Hammock - is adorned by its 2.5 miles of unspoiled beachfront and its miles of nature trails in its unpretentious location just off of A1A. Ocean Hammock is comprised of over 1,000 acres surrounded by over 300 acres of preserve and is the largest gated community in Palm Coast, Florida. Within Ocean Hammock are 11 neighborhoods that consist of nearly 800 single family homesites & homes and over 750 condo and villas. Hammock Beach - Hammock Beach covers more than 1,000 acres and commands a pristine two-mile stretch of beach that is beautiful to look at as well as play golf alongside. Membership in The Club at Hammock Beach allows you to enjoy the fitness center and spa, tennis courts, restaurants and the multi-million-dollar swim pavilion along with a full host of amenities that offer the finest of coastal living. Tidelands - Surrounded by water on three sides, Tidelands on the Intracoastal was designed to reflect the draw of the tides-to pull people together to enjoy a life built around the water. Tidelands offers boating and wildlife enthusiasts preserved wetlands, nature trails, and approximately 11 acres of interconnected lakes and lagoons ideal for kayaking, canoeing and neighborhood gatherings. Residents enjoy nearly a mile of Intracoastal Waterway frontage and a lifestyle enhanced with resort amenities Grand Haven - A premier residential golf community. Located on more than 1,478 acres along the Intracoastal Waterway in Palm Coast, Grand Haven offers an array of fine amenities: a Jack Nicklaus Signature golf course, a world-class country club, a gated community with large homesites and award-winning builders. This master-planned community is comprised of intimate villages linked by winding trails and tree-lined streets. Bike paths, parks and an adjacent 4,000-acre nature preserve highlight the community's natural beauty, making outdoor activities a way of life. Grand Landings - A gated master planned community designed around the natural beauty of coastal Florida. Neighborhoods have been carefully planned to blend with the environment. Within Grand Landings, you'll find a rich assortment of amenities connected by walking trails, sidewalks and community parks. Elegance and casual living are a way of life here - in a place as active or as laid-back as you care to make it. Homes from the area's best builders are offered in a variety of styles and floor plans to fit any lifestyle. Palm Coast Plantation - the east by the Atlantic Intracoastal Waterway and on the west by a 4,000-acre state-owned wildlife preserve, Palm Coast Plantation is the perfect community for those who not only love nature but seek an active coastal lifestyle. Lot sizes range from one-quarter to one-half acre. Lot owners are permitted to choose their own builder and can build at any time they want. Flagler County Schools, a progressive school district on Florida's east coast and one of the top five fastest growing counties in the United States. "Raising Student Achievement Everyday, Everyway" is the primary goal. Committed to providing each and every student with the finest education. Education for a changing world to approximately 12,650 Pre-K-12 students. Daytona Beach Community College -more than 33,000 students a year in Volusia and Flagler Counties.The school offers more than 100 associate degree and certificate programs, including a bachelors degree in supervision and management introduced in 2006.The college has satellite campuses in DeLand, Deltona, New Smyrna Beach and Palm Coast. The high-tech trade school, Advanced Technology College in Daytona Beach, is part of DBCC.Palm Coast - Flagler County Coastal Living Guide
Featured Communities
LOCAL EDUCATION
Are you ready to start your search for your future home??
Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need when searching for Palm Coast & Flagler County Florida real estate all in one place.
Kristi Ross - REALTOR - With over 14 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 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com
Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com
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