2010 Flagler County Housing Market Sees 17% Gain

Through April of this year, the number of Flagler County residential homes sold has risen 17% compared to the same period in 2009.  This period in 2009 saw 378 homes sold with 2010 seeing 442.  83% of those sales were up to $209,000 compared to 81% in 2009.  Median price during these periods saw a decline 7% which was driven by the increase in the rise in the number of lower priced homes being sold. See the price bracket breakdown below.

The number of homes for sale today remains significantly lower than the level it has been over the last few years.  There are currently 1,318 homes active for sale in Flagler County which was typically up around 2,000 over the last few years.  Of the homes for sale on the market today, the average Days on the Market has been 214 days.  Interstingly enough, of the up-to-$209,000 price bracket (the largest price bracket sales contribution) represents only 48% of the homes listed for sale today. 

All of these are very positive indicators for the area housing market.  The increase in demand, coupled with slowing declines in median price, and decreases in the number of homes for sale all point towards stabilization.  Since 2009 we began seeing year-over-year increase in the number of homes sold and very low foreclosure contirbutions (about 1%) for both number listed and sold.  Short Sales remain considerbale and continue to comprise about 36% of the market for both sold and listed. 

2010 Breakdown of Homes Sold In Flagler County 1/1/10-4/30/10 

Price Range	Count
$40,000 – $49,999	2
$50,000 – $59,999	2
$60,000 – $69,999	6
$70,000 – $79,999	12
$80,000 – $89,999	24
$90,000 – $99,999	26
$100,000 – $109,999	35
$110,000 – $119,999	50
$120,000 – $129,999	57
$130,000 – $139,999	37
$140,000 – $149,999	26
$150,000 – $159,999	28
$160,000 – $169,999	16
$170,000 – $179,999	17
$180,000 – $189,999	12
$190,000 – $199,999	7
$200,000 – $209,999	10
$210,000 – $219,999	9
$220,000 – $229,999	8
$230,000 – $239,999	1
$240,000 – $249,999	4
$250,000 – $259,999	7
$260,000 – $269,999	2
$270,000 – $279,999	5
$280,000 – $289,999	6
$290,000 – $299,999	5
$300,000 – $309,999	3
$310,000 – $319,999	2
$320,000 – $329,999	2
$330,000 – $339,999	1
$340,000 – $349,999	2
$380,000 – $389,999	1
$400,000 – $409,999	3
$410,000 – $419,999	1
$430,000 – $439,999	1
$500,000 – $509,999	1
$510,000 – $519,999	1
$550,000 – $559,999	2
$560,000 – $569,999	1
$570,000 – $579,999	1
$590,000 – $599,999	1
$650,000 – $659,999	1
$670,000 – $679,999	1
$710,000 – $719,999	1
$770,000 – $779,999	1
$980,000 – $989,999	1
Totals:	442

 

*Disclaimer: All statistics are from the Flagler County Association of Realtors MLS as of 5/6/2010.  Information may be deemed reliable but not guaranteed.