• Menu
  • Home
  • Local Links
  • Financing
  • Local & Real Estate News
  • My Blog
  • About Kathleen

Kathleen West - Palm Coast  Flagler County RealtorKathleen West - Palm Coast Flagler County Realtor

Your Source For Palm Coast & Flagler County Real Estate

(386) 986-0401
Kathleen@PalmCoastHomeShow.com
  • Menu
  • Search
  • Neighborhoods
  • Featured Communities
  • Buyers
  • Sellers
  • Market Reports

December Sales Slide, But Year Finishes Up

I started tracking the area’s real estate performance monthly since 2009, and this is the first time in the past nine years that December had a lower number of sales compared to November. December came in about 17% below December 2017. Interestingly enough this year had the highest performing November with 196 residential home sales which was about 28% above November 2017. November is typically one of the lowest months of each year for sales. Essentially the activity shifted which has occurred before based upon various economic or legislation factors.

All in all 2018 was another up year for the area. The number of residential home sales increased about 7% compared to 2017 coming in at about 2,488. This was about an 11% gain compared to 2016. Median home price rose by about 5% versus 2017. And inventories continue to remain low currently around 850 residential homes listed for sale..

Cash purchases accounted for about 34% of closings this year. The decline in cash purchases has been the trend over the past few years as lending has opened up and interest rates remain low.

Check out the latest market statistics here.

So what should we expect in 2019 for the area? That’s tough to say. Inventories remain low and demand does not seem to be slowing in the area which is a recipe that protects prices from dropping. But we could see a slight downturn in activity this year as prices have risen significantly over the past few years.

What should sellers expect?

Sellers have been fortunate over the past few years to be in a good position with lower levels of competition and ever increasing demand. But this will be a year to keep a close eye on activity and not be hesitant to consider price reductions. We are seeing many buyers being priced out of purchasing and others maybe sitting out while waiting to see if prices drop. Demand may slow this year and inventories may rise. The conditions and current trends don’t indicate a rapid decline in my opinion, but we could see some corrections occur in the local market.

What should buyers expect?

If you are serious about purchasing this is the time to have your financing or cash in order and not wait around to make a decision. That house you liked could be easily gone if you wait around to make a decision or try to negotiate too aggressively. The average sold to list price this past year was about 97%. Yes, you should check to see if the property is reasonably priced and be prepared to make a smart offer. Aggressive offers in this market right now will typically just shut down dialogue and the seller will move on.

What questions do you have?

Disclaimer: Information based upon the Flagler County Association of Realtors MLS as of  1/26/2019 for Residential Houses.  Information may be deemed reliable, but is not guaranteed

Posted in: General, Local Market Reports

Post navigation

« Palm Coast & Flagler Market Continues Upward Through June

Property Search

Map Search

Featured Listings

ABSOLUTELY NO EXPENSE WAS SPARED IN THIS LUXURY HOME located in the Sanctuary. This Custom built home with water views showcases the eye for detail, true quality craftsmanship & abundance of elegance. As you enter this home you will notice the extensive crown molding, tray ceilings, Villacrest 8 ft doors, imported 24
$879,900

28 Old Oak Dr N Palm Coast, Florida

3 Beds 4 Baths 3,173 Sq Ft

RARE OPPORTUNITY! BEACHSIDE HOME LOCATED ON A DOUBLE LOT. Pristine 4 Bedroom 2 bath home located on the marsh in a quiet area of Flagler Beach. Completely upgraded kitchen, featuring white shaker cabinets with tons of storage space, granite countertops, tiled backsplash and stainless steel appliances. Both baths have been impeccably updated. Newer roof, newer A/C Unit for convenience of maintenance. Enjoy stunning sunsets and water views from the back or start your morning with a beautiful sunrise walk on the beach. This coastal gem displays an open great room layout, separate dining area and large gorgeous kitchen. Surrounded by Lush Florida natural landscape to please your visual senses.  YOUR SALT LIFE DREAM HOME AWAITS!  Hurry, this won't last long!  Buy now, smile later!
$429,500

1900 Palmetto Ave S Flagler Beach, Florida

4 Beds 2 Baths 1,552 Sq Ft

LAKEFRONT living at it's finest! This 3 bedroom 2 bath home nestled in the nature lover's paradise of Hidden Lakes. Spacious open floor plan with tile flooring throughout with amazing lake views. The kitchen features 42
$349,900

28 Arena Lake Dr Palm Coast, Florida

3 Beds 2 Baths 1,945 Sq Ft

INTRACOASTAL LIVING! DREAM IT-LIVE IT-MAKE IT HAPPEN! Great location to build your dream home with no time frame to build. Located in Beautiful Palm Coast Plantation, this premiere gated community offers clubhouse, tennis courts, pool, spa, fitness center, trails, boat & RV storage and launch, fishing lakes, nature preserves and picnic pavilion and Intra coastal dock. Enjoy the tranquil water feature and privacy with the conservation behind. Underground utilities already in place.
$234,900

105 Riverwalk Dr S Palm Coast, Florida

Beds 0 Baths Sq Ft

GREAT LOCATION IN SAILBOAT COUNTRY! Enjoy salt water canal views from your dream home on this wonderful home site! No time frame to build and you pick your own builder...stop dreaming and make this a reality! Short distance to Intracoastal Waterway!!
$149,900

5 Crossgate Ct E Palm Coast, Florida

Beds 0 Baths Sq Ft

What an amazing opportunity to build your dream home today in the beautiful Sanctuary. This community is a private island within Palm Coast and has its own guard gate. Enjoy the FL lifestyle in the quaint community. Low HOA fees monthly. Walking paths and its own
$119,900

73 Old Oak Dr S Palm Coast, Florida

Beds 0 Baths Sq Ft

What an amazing opportunity to build your dream home today in the beautiful Sanctuary. This community is a private island within Palm Coast and has its own guard gate. Enjoy the FL lifestyle in the quaint community. Low HOA fees monthly. Walking paths and its own
$119,900

35 Old Oak Dr S Palm Coast, Florida

Beds 0 Baths Sq Ft

LAKEFRONT LIVING. One of the BIGGEST lots available on North Lakewalk Drive in Palm Coast Plantation with a desirable rear eastern exposure, to catch the beautiful sunrises in the mornings. This lot is 3/4 acre, 155ft to the lake and is mostly cleared and ready for you to build your dream home on it. This premiere gated community offers a clubhouse, tennis courts, pool/spa, fitness center, walking/jogging trails, boat & RV storage and launch, fishing lakes, nature preserves and picnic pavilion, Intracoastal dock and underground utilities already in place. Drive By and BUY!
$119,500

142 Lakewalk Dr N Palm Coast, Florida

Beds 0 Baths Sq Ft

SALTWATER CANAL LARGE CORNER BULKHEAD LOT. Partially Cleared with a great view up canal.  Start planning your dream home today on this oversized lot with room enough for a pool. Bore test on file partially cleared.  Seller will consider owner financing with the right terms.  Imagine lounging pool side, drink in one hand with a view down the waterway. Relax in this nature lover's paradise as you enjoy dolphin and manatee at play.  The salt life can be yours.  Let me show you how.  Buy now, smile later.
$118,900

2 Clementon Lane Palm Coast, Florida

Beds 0 Baths Sq Ft

Perfect lot to build your dream home! This lot is conveniently located close to grocery stores, restaurants, schools and just a short distance to I95. Don't miss out of this opportunity. Drive by and BUY!
$49,900

122 Brushwood Lane Palm Coast, Florida

Beds 0 Baths Sq Ft

Perfect lot to build your dream home! This lot is conveniently located close to grocery stores, restaurants, schools and just a short distance to I95. Don't miss out of this opportunity. Drive by and BUY!
$49,900

43 Slowdrift Turn Palm Coast, Florida

Beds 0 Baths Sq Ft

Perfect lot to build your dream home! This lot is conveniently located close to grocery stores, restaurants, schools and just a short distance to I95. Don't miss out of this opportunity. Drive by and BUY!
$49,900

45 Sea Breeze Trail Palm Coast, Florida

Beds 0 Baths Sq Ft

Perfect lot to build your dream home! This lot is conveniently located close to grocery stores, restaurants, schools and just a short distance to I95. Don't miss out of this opportunity. Drive by and BUY!
$44,900

57 Wellwood Lane Palm Coast, Florida

Beds 0 Baths Sq Ft

Perfect lot to build your dream home! This lot is conveniently located close to grocery stores, restaurants, schools and just a short distance to I95. Don't miss out of this opportunity. Drive by and BUY!
$44,900

148 Bird of Paradise Dr Palm Coast, Florida

Beds 0 Baths Sq Ft

Quick Links

  • Your Account
  • FREE Home Valuation
  • Search Pool Homes
  • Search Salt Water Canal Homes
  • Search Intracoastal Homes
  • Search Foreclosure Homes
  • Search Short Sales

Mortgage Rates

Get Financing Info

Connect With Me


Search Links

  • Your Account
  • Home Valuation
  • Address Search
  • MLS # Search
  • Pool Homes
  • Intracoastal Homes
  • Salt Water Canal Homes
  • Foreclosures

Contact Me

(386) 986-0401
Kathleen@PalmCoastHomeShow.com

416 South Central Ave Flagler Beach, FL 32136

© 2021 · Kathleen West, Realtor | Privacy Policy
Properties are via an IDX feed from the Flagler County Association of Realtors MLS. Information may be deemed reliable, but is not guaranteed.

Log in
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok