Recently the Flagler County Association of Realtors began transitioning over to Sentrilock lockboxes. These lockboxes add far greater security and peace of mind for sellers.
The common question today is how is ‘the market’ now that the tax credit for new contracts has expired? Remember to qualify for the tax credit the buyer must have signed the contract by April 30, 2010 and closed by June 10, 2010 with the closing date date extended now to accomodate short sales. Since most sales will close within 30 days, May was a real focus as an indicator of the impact of the tax credit and June to a point. So how is the market? Still holding strong in the area. Let’s take a look at the Palm Coast Residential Home statistics:
Everyone is continuing to keep an eye on the housing market nationally and locally to see the effect of the Tax Credit program which ended in April. The terms of the program were that contracts needed to be signed by 4/30/10 and closing occur no later than 6/30/10. Realistically, many of those closings would have […]
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.
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.
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
Just recently, I received another update from the Friends of Golf Steering Committee who had recently met with Kemper Sports and the construction team. Their update contained the following: