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.
For buyers searching for their next home, we are in the final stretch to take advantage of the Home Buyer Tax Credit. To qualify for this credit, the contract must be signed by April 30th and close by June 30th or this year. It’s important to understand that an offer made by April 30th does not qualify. The offer must be accepted and signed off on (creating an binding sales contract) by April 30th.
This morning I looked at the front page of an area newspaper, The Daytona Beach News Journal, and saw the top headline “Home-Sales Pace Cools Off”. Just below the headline and to the left were the number of sales of homes in Volusia and Flagler Counties for December 2009 & January 2010 with January being lower. So I’m thinking . . . so? January is always a lower month in terms of the number of sales with December often peaking up just before the end of the tax year.
I am often asked what I think will happen over the next year in Real Estate in the area. We all wish we had a crystal ball to see into the future. This is especially true in the Real Estate word over the last few years. The only thing we can do is look at the data, activities, and trends to get a perspective on the upcoming year. My outlook based upon these areas is very positive for the area when it comes to residential home sales.
At the beginning of this year I had said it would be an interesting year for Real Estate in the area. It’s no secret that Real Estate has had it’s challenges in the area over the last few years, but this year has shown some great positives.
A lot of people trying to sell in this difficult market understand the need for staging but do not want to spend the money to do it. They watch HGTV, possibly pick up a book or two, and then attempt to stage their own home. Can they do it? Possibly, especially if they have a design […]
Earlier this year when I started www.PalmCoastHomeShow.com, the goal was to provide buyers an easy and powerful means to shop for Real Estate locally in the Palm Coast & Flagler County , FL area as well as provide sellers a means to get the most exposure for their property they wish to sell. As I […]
Just knowing how many homes is not always enough. It’s important for those thinking of selling to know what the buyer make up of an area is in order to have reasonable expectations when thinking of selling. Front and foremost, as of the beginning of November we are about 8% above last year
I read a great article this morning by Donna Harris, a Realtor with ReMax Austin Skyline, entitled “Real Estate Opinions – Is it the Pricing or the Marketing?”. In the article, Donna does an excellent job highlighting two scenarios of properties that have yet to be sold.
We are seeing some very postive signs in the area and much needed stabilization. So why is stabilization important? Because value can not recover without it. Just a recap of some of the postives from the Residential House market: Number of listings is remaining at their lowest levels in the last few years @ 1,342 […]