What's happening in the Flagler County Real Estate Market? Are sales increasing or falling, have active listings declined or advanced? What is the median price of sold properties, and the median price of active properties. The TwoLanes Real Estate Market Update will tell you. If you want it emailed to you on a monthly basis just send us the attached form. Your information will be held in the strictest confidence.

Attached is the latest monthly breakdown for market activity in Flagler County.

We have also attached links to current and past updates for your comparison.

 TwoLanes Market Pulse January 2010

Just the Facts...

In summary, Flagler Beach active residential inventory remained fairly constant at 138 units. Solds dropped to 2 with a median sale price of just $132,000. As usual the

average price of expireds, actives, and new listings far exceeded the average price of solds. There were 3 lot sales with 2 of these being on Oceanshore Blvd. One lot sold for an amazing $188,000 and the other larger lot, extending back to Central, and with littorial rights sold for $245,000. There are 75 condos on the market, 1 sold for $180,000.

Palm Coast active residential listings dropped to a healthier 937 units. 91 actives sold, meaning there is about a 10 month supply of actives on the market, not a bad ratio. New residential listings and active residential listing pricing drew closer to the pricing of the solds.

The median sale price of a Palm Coast lot dropped to $9,900, in contrast the median price of expired lots was $40,000 and an active was $35,000.

Southern Peninsula active residential inventory dropped by 20%, a salt water canal lot 500 ft. from the ICW sold for $129,000 and no condo sales.

Northern Peninsula had some interesting activity. A direct oceanfront home listed at $750,000 sold for $430,000. Hammock Dunes had 3 condo sales, all direct oceanfront. One sold for $350,000, another for $500,000 and a 6th floor unit for $550,000.

...and Our Thoughts.

Some inventories, specifically residential in Palm Coast, show positive signs, meaning they are dropping. Other inventories, specifically lots anywhere, are still bloated.

So the universal question is “what’s selling”.

The answer is values are selling. That doesn't mean “cheap” as in dollar amount, even though there are plenty of those. It means the properties that are selling are priced at values according to what they were 2 or 3 years ago. Those values are in the marketplace and buyers are waiting for them, and finding them.

 

 

Contact us for any details or more information.

Regards,

Ben and Marie

January 2010

November 09

 October 09

 September 09

August 09

July 09

June 09

April 2009

March 2009

February 2009

January 2009

December 2008


 

Monthly Updates

Please send us the following information so we can start sending you
the Flagler County Market Update
 
Market Update
*Name:
*Email:
Phone:
Address:
Specific Flagler Area of Interest:

Note: Fields with an * are required


Ben & Marie Lane, REMAX/Oceanside, 2561 Moody Blvd. Flagler Beach Fl. 32136
Ben (386-931-8531) Marie (386-931-5727)
ben@twolanes.com  marie@twolanes.com

Knowledge is Power. More Flagler Beach/ Flagler Beach Real Estate/Area Resources. 

Why Title Insurance? | Why Get An Inspection? | Title Information | Results for You | Contact Ben & Marie | Curb Appeal List | Setting the Sales Price | Tax Closing Costs | Loan-Related Closing Costs | Getting the Highest Price | Selling your own home | Free Market Analysis | Your FICO Score | How Escrow Works | Customer Testimonials | Who Are We? | Flagler Beach | Sellers | Knowledge is Power | Market Pulse | Welcome To Flagler | Buyers | Palm Coast | Getting You There | Time to Sell? Time to Buy? | Why TwoLanes | Closing Costs | First Time Buyers | Get Pre-qualified | Inspection Tips | Home Buyer Checklist | Looking to Buy? | Tell a Friend | Real Estate Glossary | Our Homes | Looking to Sell? | Featured Properties | Home | Applying for a Loan | Loan Application Checklist | Mortgage Saving Tips | Your Downpayment | Document Your Assets | Your Buying Power | Writing the Offer | Locking in Rates | Lender Types | Staying Approved | Neighborhood Prices | Staging Your Home | Staging Checklist | Area Properties | 9 Steps to Owning | ARM Calc | APR Calc | 15 vs 30 Year Mtg Calc | ARM vs Fixed Rate Calc | Maximum Mortgage Calc | Rent vs Buy Calc | Mortgage Calculators | Interest Only Calc | Reasons Homes Don't Sell | Be Accessible! | Buying Foreclosures/REO's | Contingencies in Contracts | The Back Yard | What's Earnest Money? | Plumbing and Fixtures | Real vs. Personal Property | Earning Your Trust | Improvements That Pay

Copyright © 2010 Ben & Marie Lane, RE/MAX Oceanside
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.