Palm Coast REALTOR

Palm Coast Real Estate - Market Statistics - November 2009 - Indian Trails, Lehigh Woods, Pine Lakes

Fri, 04 Dec 2009 12:42:08 -0600

Homes for Sale Data – November 2009

ACTIVE FOR SALE	Palm Coast ALL	Indian Trails	Lehigh Woods	Pine Lakes
# of Listings	1011	100 (9.8%)	142 (14%)	115 (11.3%)
Low Price	$69,900	$90,000	$75,000	$69,900
Average Price	$251,267	$178,433	$153,314	$184,240
Median Price	$190,000	$159,000	$144,450	$172,000
High Price	$1,350,000	$561,000	$351,000	$399,999
# Bank Owned	38	5	7	5
% Bank Owned	3.70%	5%	4.90%	4.30%
# Short Sales	368	34	85	32
% Short Sales	37.50%	34%	59.80%	27.80%

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Homes Sold Data – November 2009

SOLD Homes Data	Palm Coast ALL	Indian Trails	Lehigh Woods	Pine Lakes
# of Listings	98	17 (17.3%)	13 (13.2%)	9(11.2%)
Low Price	$65,000	$98,000	$87,000	$95,000
Average Price	$154,182	$145,859	$120,362	$153,128
Median Price	$140,000	$140,000	$120,000	$143,500
High Price	$285,000	$235,000	$205,450	$220,000
# Bank Owned	15	4	4	0
% Bank Owned	15.30%	23.50%	26%	0%
# Short Sales	39	6	5	3
% Short Sales	39.79%	35.20%	56.50%	27.20%
Average Days On Market	144	137	171	76
List Price to Sales Price Ratio	92.57%	97.19%	96.60%	91.16%

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Homes Sold in Lehigh Woods – Palm Coast, FL – November 2009

Address	Price	Beds	Baths	LivingSqFt	Pool	Sale Type	Price Per Sq Ft
69 RAINTREE CIRCLE	$125,000	3	2	1648	No	Short Sale	$76
36 RAINTREE CIR	$205,450	2	2	1761	No	Bank Owned	$117
29 RUTH DRIVE	$100,000	3	2	1845	No	Short Sale	$54
31 RAINBOW LANE	$125,000	4	2	1729	No		$72
83 RAINTREE PLACE	$122,000	4	2	2167	No	Bank Owned	$56
13 RICKENBACKER DRIVE	$129,000	4	2	2252	No	Short Sale	$57
4 ROSE PETAL	$90,000	5	3	1575	No		$57
158 RYBERRY DR	$134,000	4	2	1974	No		$68
33 RICHELIEU LN	$101,700	3	2	1846	No	Bank Owned	$55
25 RUSSO DR	$110,000	3	2	1236	No		$89
31 RANDOLPH DRIVE	$87,000	3	2	1385	No	Short Sale	$63
26 ROUND TABLE LN	$120,000	4	3	2532	No	Short Sale	$47

Search Homes For Sale In Lehigh Woods – Palm Coast, FL

Homes Sold In Indian Trails – Palm Coast, FL November 2009

Address	Price	Beds	Baths	LivingSqFt	Pool	Sale Type	Price Per Sq Ft
43 BURNING VIEW LN	$205,000	3	2	2108	YES		$97
5 BURNING BUSH PLACE	$115,000	3	2	1896		Short Sale	$61
8 BRIGADOON LN	$135,000	3	2	1898			$71
30 BURNING VIEW LANE	$117,000	4	2	2427		Short Sale	$48
5 BARBERA LANE	$140,000	4	2	2436		Short Sale	$57
4 BANNERWOOD LN	$154,599	3	2	1348		Bank Owned	$115
100 BRIDGEHAVEN DR	$107,000	4	2	1776		Short Sale	$60
10 BURNE PL	$120,000	3	2	1618			$74
96 BAYSIDE DRIVE	$195,000	4	3	3295			$59
9 BARRINGTON	$140,000	4	3	2368		Bank Owned	$59
3 BURNET PL	$235,000	4	3	2500	YES	Short Sale	$94
10 BILLING PL	$143,000	3	2	1331	YES		$107
7 BURREL PLACE	$98,000	3	2	1866		Bank Owned	$53
41 BEAUFORD LN	$145,000	4	3	2969		Short Sale	$49
174 BELLEAIRE DR	$140,000	3	2	1801			$78
10 BRIAN LANE	$140,000	3	2	1541	YES	Bank Owned	$91
212 BEECHWOOD LN	$150,000	3	3	1955	YES		$77

Search Homes For Sale In Indian Trails – Palm Coast, FL

Homes Sold in Pine Lakes – Palm Coast, FL – November 2009

Address	Price	Beds	Baths	LivingSqFt	Pool	Sale Type	Price Per Sq Ft
31 WOOD CLIFT LN	$215,000	3	2	2468	YES		$87
36 WOODFORD LN	$175,000	4	2	2261	NO		$77
31 WELLING LN	$108,500	2	2	1707	NO		$64
21 WHEATFIELD DR	$95,000	4	2	1777	NO	Short Sale	$53
44 WOODLAWN DRIVE	$150,000	3	2	1757	NO		$85
2 WELLESLEY LN	$220,000	4	3	2588	YES		$85
27 WELLSHIRE LN	$143,500	3	2	1299	YES		$110
56 WOODWORTH DRIVE	$138,000	3	2	1677	YES	Short Sale	$82

Search Homes For Sale In Pine Lakes – Palm Coast, FL

Are you ready to start your search for your future home??

Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need when searching for Palm Coast & Flagler County Florida real estate all in one place.

Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8 years and also a Licensed Colorado Broker....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com

Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate -JUST SOLD - Amazing Deal in Pine Lakes

Mon, 02 Nov 2009 10:43:57 -0600

9 Whittlesey, Palm Coast – Wow, what a deal!

With deals like this, Florida real estate is becoming more attractive everyday…

4 Bedroom – 3 Baths with over 1,900 square feet of living area! Built in 2003.

SOLD in September 2009 for $139,900 !!!

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This property was a “Short Sale” approved by the lender. Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate - JUST SOLD - Salt Water Canal Lot $99,500 CASH!!!

Mon, 02 Nov 2009 10:40:14 -0600

SOLD - Salt Water Canal Lot with OCEAN VIEWS!

Here’s one you missed! SOLD!!! 3568 N Oceanshore Blvd, (Hammock Moorings North) Palm Coast Florida - This BANK OWNED lot was originally listed on July 2nd, 2009 for $134,900. It SOLD in less than 90 days for $99,500 CASH.

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Fantastic Location at unbetable price with Salt Water Canal frontage and only across the street from Ocean! Community has access to the Beach right across the street from gate. If you are searching for Florida at its BEST look no further! This is a beautiful home site for any boater / ocean enthusiast. Submit all Offers on AS-IS contract with proof of funds or pre-approval letter. Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Saltwater Canal Home - JUST SOLD - $335,000

Mon, 02 Nov 2009 10:37:05 -0600

This Florida CANAL FRONT home SOLD for $335,000

Originally listed on April 1, 2008 for $485,000

SOLD for $335,000 – 3 Bedroom – 3 Bath – 2,572 Square Feet

Search Flagler County Homes For Sale

SOLD! - A unique one-of-a-kind Mariani custom-built home located on a saltwater basin. 3 bedrooms (2 masters), 3 full baths. Some of the many upgrades and features include: See-thru fireplace between living room and den, built-in china cabinet and buffet in dining room, abundance of closets and other built-ins. Large propane tank to fuel whole-house generator and fireplace. Florida room under heat and air, handicapped accessible 18'x35' boat dock has water, electric, boat lift, security lights, sink and built-in seating area to relax and enjoy the basin view. AND MORE. Great location in excellent neighborhood. Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate - JUST SOLD - 11 Lewis Shire Place - $105,000

Mon, 02 Nov 2009 10:34:32 -0600

Florida home SOLD for $105,000 - 1,775 sq ft, built in 2004!!!

SOLD for $105,000 – 3 Bedroom – 2 Bath – 2 Car Garage

Search Flagler County Homes For Sale

SOLD! – This was a Short Sale Lender Approval Required. Brick home w/ split floor plan, 3 bedrooms, 2 bathrooms, tiled floors throughout except bedrooms. Nice kitchen w/tiled backsplash, breakfast nook & bar counter. Large fenced back yard, very nice neighborhood. Built in 2004!!! Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate - Saltwater Property Market Report - September 2009

Mon, 05 Oct 2009 18:43:03 -0500

Palm Coast Real Estate- Saltwater Market Report

I have started to add the number of pending home sales and the number of pending sales that are “Short Sales” to the Palm Coast/ Flagler County Real Estate Market Reports. The reason for this is to better gage the market…you see, “Short Sales” have a very high fall through rate; homes that never make it to closing. In my opinion, there seems to be a very high number of currently pending saltwater canal homes..if all these homes sell, that will be great news, they will be removed from inventory and will reduce the number of short sales we must deal with. However, if these short sale homes do not close, there is a very good chance that they will continue to move through the foreclosure system and will once again be added back into the homes for sale inventory as bank owned or lender owned properties at discounted prices at a later date.

So to take a deeper look at the pending sales data for September, it is important to note that of the 23 homes currently pending sale on the Saltwater Canals in Palm Coast, only 5 of those were actually taken pending during the month of September. Also it is a little disheartening that 18 of the 23 pending homes are “Short Sales” and may not make it to closing at all prior to being turned over to the bank and then relisted as a foreclosure.

16 New Listings were added to the Palm Coast Saltwater Canal Homes For Sale Inventory in September and 3 properties came back on the market and did not sell. With a higher number of new listings versus pendings for September, it will be critical to watch these numbers as they indicate a return to larger inventories in upcoming months. Traditionally, higher inventory of homes available for purchase signal lower sale prices as sellers compete for buyers.

Flagler Beach Saltwater Canal Homes and Intracoastal Front homes are still making a poor showing in September for closings. This again tells me that sellers need to become very aggressive on pricing in order to get their homes sold…prices still need to come down to meet with what buyers are willing to pay.

One of the biggest shockers for the month of September was the sale of a Palm Coast Saltwater Canal Home with a pool that closed in September for only $59 a square foot…with a total of 3 Palm Coast Saltwater Canal Homes closing for under $100K per square foot…..YIKES!!!!

Below is a snapshot of the current real estate market in Palm Coast & Flagler County, FL

Palm Coast – Flagler County Homes for Sale Data – September 2009

Palm Coast Saltwater Canal & Intracoastal Properties Search

ACTIVE LISTINGS	Palm Coast	Flagler Beach	Intracoastal Homes	Vacant Lots
Total # of Listings	96	13	55	160
#of New Listings	16	1	4	11

Low Price	$189,000	$254,900	$299,900	$80,000
Average Price	$424,636	$451,131	$1,309,525	$316,383
Median Price	$399,700	$335,000	$999,999	$273,500
High Price	$990,000	$975,000	$6,950,000	$1,049,900
# Bank Owned	0	0	0	4
% Bank Owned	0	0	0	2.5%
# Short Sales	12	0	4	17
% Short Sales	12.5%	0	6.9%	9.8%

#Pending Sales	23	2	3	14
# of Pending that are Short Sales	18	2	0	8
#Back on the Market	3	1	2	3

Palm Coast – Flagler County Homes Sold Data – September 2009

Palm Coast Saltwater Canal & Intracoastal Properties Search

SOLD LISTINGS	Palm Coast	Flagler Beach	Intracoastal	Vacant Lots
# of Solds	11	0	2	1
Low Price	$170,000	No Sales	$535,000	$159,500
Average Price	$256,636	No Sales	$542,500	$159,500
Median Price	$250,000	No Sales	$542,500	$159,500
High Price	$355,000	No Sale	$550,000	$159,500
# Bank Owned	1	No Sales	0	1
% Bank Owned	9%	No Sales	0%	100%

# Short Sales	3	No Sales	0	0
% Short Sales	27%	No Sales	0%	0%

Avg. Days On Market	161		143	62
Absorption Rate	10 Months	No Sales	5 Years	34 Months
Type of Market	Buyer’s Market	Strong Buyer’s Market	Very Strong Buyer’s Market	Very Strong Buyer’s Market

Recently Sold Saltwater Canal Homes in Palm Coast, FL

Address	Price	Beds	Baths	LivingSqFt	Pool	Type of Sale	YearBuilt	ppsqft
2 COLUMBIA LANE	$170,000	4	3	2866	Yes	Short Sale	1988	$59
27 N CLINTON CT	$210,000	3	2	2028	No		1984	$104
25 COLECHESTER LN	$340,000	3	2	2492	No		1996	$136
19 COMET COURT	$355,000	3	2	1995	Yes		1994	$178
64 CLUBHOUSE DR	$250,000	3	2	1865	No		1985	$134
25 FARRADAY LN	$170,000	3	3	2076	No	Lender Owned	1974	$82
13 S CLINTON CT	$258,000	3	2	2129	No		1981	$121
12 CHESNEY COURT	$225,000	3	2	1836	Yes	Short Sale	1983	$123
16 CRISTON COURT	$250,000	3	2	1780	No		1986	$140
2 N CLARENDON CT	$240,000	3	2	2490	Yes	Short Sale	1989	$96
4 CALUSA CT	$355,000	3	3	2700	Yes		1986	$131

Are you ready to start your search for your future home??

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate Neighborhood Profiles and MLS Search

Mon, 05 Oct 2009 15:36:55 -0500

Great local information...

Palm Coast - Flagler County Coastal Living Guide

Palm Coast, Florida - Flagler County is situated in the eastern portion of Flagler County, which is located on the Atlantic Ocean, in the heart of Northeast Florida, equidistant between the cities of Jacksonville and Orlando. Currently, the City of Palm Coast has a population of approximately 70,000 residents and covers an area of approximately 60 square miles.

Ranked as the fastest growing city in the nation for the last 5 years, it is one of the most desirable places in the southeast to retire, own a vacation home or open a business.

Flagler Beach, Florida - Flagler County is a quaint "Old Florida" type community that is becoming one of the "hot" destinations in Florida and is part of the growing Palm Coast Area, a twenty-mile stretch of scenic coastline that is a true haven for the active individual. Visitors, as well as those looking to relocate, are discovering the area's advantages; close proximity to resort and culture centers, tranquil waterways, subtropical forests and freshwater lakes, first class golf and amenities, yet far removed from the stress and fast pace of other, larger cities.

The Hammock, Florida - is a fast growing area of Flagler County that has seen much of its changes in just the last five years. Beautifully landscaped gated developments now dot the uncrowded cinnamon colored beaches. The Hammock offers resort style living at its best, featuring the communities of Hammock Dunes, Hammock Beach Condos, Yacht Harbor Marina, Cinnamon Beach & Ocean Hammock. Tastefully designed yet affordable, the Hammock has become the first choice destination for baby boomers, retirees and vacation home owners.

Featured Communities

Hammock Dunes Homes & Hammock Dunes Condos - Exemplifying luxury oceanfront living, Hammock Dunes is renowned for its splendid choices in residences, outstanding amenities, and the private Equity Club. Among the many benefits of Club membership are access to two championship, award-winning and distinctive golf courses by two of the game's most respected designers, the masterful Rees Jones Creek Course and the legendary seaside Tom Fazio-designed Links course each with its own unique Clubhouse. Coupled with the stunning vistas of the Atlantic Ocean, the Hammock Dunes Club offers tennis and seaside croquet as well as casual and fine dining.

Ocean Hammock - is adorned by its 2.5 miles of unspoiled beachfront and its miles of nature trails in its unpretentious location just off of A1A. Ocean Hammock is comprised of over 1,000 acres surrounded by over 300 acres of preserve and is the largest gated community in Palm Coast, Florida. Within Ocean Hammock are 11 neighborhoods that consist of nearly 800 single family homesites & homes and over 750 condo and villas.

Hammock Beach - Hammock Beach covers more than 1,000 acres and commands a pristine two-mile stretch of beach that is beautiful to look at as well as play golf alongside. Membership in The Club at Hammock Beach allows you to enjoy the fitness center and spa, tennis courts, restaurants and the multi-million-dollar swim pavilion along with a full host of amenities that offer the finest of coastal living.

Tidelands - Surrounded by water on three sides, Tidelands on the Intracoastal was designed to reflect the draw of the tides-to pull people together to enjoy a life built around the water. Tidelands offers boating and wildlife enthusiasts preserved wetlands, nature trails, and approximately 11 acres of interconnected lakes and lagoons ideal for kayaking, canoeing and neighborhood gatherings. Residents enjoy nearly a mile of Intracoastal Waterway frontage and a lifestyle enhanced with resort amenities

Grand Haven - A premier residential golf community. Located on more than 1,478 acres along the Intracoastal Waterway in Palm Coast, Grand Haven offers an array of fine amenities: a Jack Nicklaus Signature golf course, a world-class country club, a gated community with large homesites and award-winning builders. This master-planned community is comprised of intimate villages linked by winding trails and tree-lined streets. Bike paths, parks and an adjacent 4,000-acre nature preserve highlight the community's natural beauty, making outdoor activities a way of life.

Grand Landings - A gated master planned community designed around the natural beauty of coastal Florida. Neighborhoods have been carefully planned to blend with the environment. Within Grand Landings, you'll find a rich assortment of amenities connected by walking trails, sidewalks and community parks. Elegance and casual living are a way of life here - in a place as active or as laid-back as you care to make it. Homes from the area's best builders are offered in a variety of styles and floor plans to fit any lifestyle.

Palm Coast Plantation - the east by the Atlantic Intracoastal Waterway and on the west by a 4,000-acre state-owned wildlife preserve, Palm Coast Plantation is the perfect community for those who not only love nature but seek an active coastal lifestyle. Lot sizes range from one-quarter to one-half acre. Lot owners are permitted to choose their own builder and can build at any time they want.

LOCAL EDUCATION

Flagler County Schools, a progressive school district on Florida's east coast and one of the top five fastest growing counties in the United States. "Raising Student Achievement Everyday, Everyway" is the primary goal. Committed to providing each and every student with the finest education. Education for a changing world to approximately 12,650 Pre-K-12 students.

Daytona Beach Community College -more than 33,000 students a year in Volusia and Flagler Counties.The school offers more than 100 associate degree and certificate programs, including a bachelors degree in supervision and management introduced in 2006.The college has satellite campuses in DeLand, Deltona, New Smyrna Beach and Palm Coast. The high-tech trade school, Advanced Technology College in Daytona Beach, is part of DBCC.

Flagler College -One of the most historic campuses in the nation, Flagler College also offers all the state-of-the-art facilities of a high-quality, forward-thinking college and enjoy access to well-maintained computer labs, wired residence halls, an 800-seat auditorium, the technologically-advanced Proctor Library, a 19-acre athletic field, and more. The College has invested more than $20 million in recent additions to the campus-with the very latest project being the construction of a brand new Student Center.

Are you ready to start your search for your future home??

Palm Coast Real Estate: Home Sales & Listings Data for Saltwater Canal & Intracoastal Properties - August 2009

Wed, 23 Sep 2009 18:01:05 -0500

Palm Coast Real Estate- Saltwater Market Report

Interesting data regarding Saltwater Canals & Intracoastal properties for the month of August. Inventories are decreasing and choices are disappearing off the market as buyers rush in to snatch up the low end bargains on single family Saltwater Canal Homes in Palm Coast. But, Flagler Beach and Intracoastal homes in Flagler County are not participating…no properties closed sale in these two markets for the month of August. Vacant lots are still hurting and until home prices stabilize and the cost of replacement once again becomes more affordable than buying a bargain existing home…this trend will continue. So why are vacant lots, Flagler Beach Canal Homes and Intracoastal homes not selling….simple answer PRICE!!!

Although only 10 Palm Coast Saltwater Canal Homes closed sale in August, there are currently 25 that are pending sale. Yipee…wait not so fast…of those Saltwater Canal Homes pending sale, 0 are bank owned (which is great news) but a whopping 80% of them are Short Sales. This is both good news and sort of disturbing news at the same time. The good news is that short sale inventory is being taken off the market and put under contract, the bad news, many of these sales will never make it to closing.

Below is a snapshot of the current real estate market in Palm Coast & Flagler County, FL

Palm Coast – Flagler County Homes for Sale Data – August 2009

Palm Coast Saltwater Canal & Intracoastal Properties Search

ACTIVE LISTINGS	Palm Coast	Flagler Beach	Intracoastal Homes	Vacant Lots
# of Listings	108	15	58	173
Low Price	$189,000	$245,900	$299,900	$80,000
Average Price	$442,807	$455,973	$1,289,186	$314,325
Median Price	$408,500	$375,000	$997,500	$271,000
High Price	$990,000	$975,000	$6,950,000	$1,049,900
# Bank Owned	0	0	0	7
% Bank Owned	0	0	0	4%
# Short Sales	9	0	4	17
% Short Sales	8.3%	0	6.9%	9.8%

Palm Coast – Flagler County Homes Sold Data – August 2009

Palm Coast Saltwater Canal & Intracoastal Properties Search

SOLD LISTINGS	Palm Coast	Flagler Beach	Intracoastal	Vacant Lots
# of Solds	10	0	0	5
Low Price	$180,000	No Sales	No Sales	$100,000
Average Price	$327,590	No Sales	No Sales	$141,620
Median Price	$312,500	No Sales	No Sales	$132,500
High Price	$725,000	No Sale	No Sales	$180,000
# Bank Owned	0	No Sales	No Sales	1
% Bank Owned	0%	No Sales	No Sales	20%

# Short Sales	2	No Sales	No Sales	3
% Short Sales	20%	No Sales	No Sales	60%

Absorption Rate	10 Months	No Sales	No Sales	34 Months
Type of Market	Buyer’s Market	Strong Buyer’s Market	Strong Buyer’s Market	Very Strong Buyer’s Market

Recently Sold Saltwater Canal Homes in Palm Coast, FL

Address	Price	Beds	Baths	LivingSqFt	Pool	Type Of Sale	YearBuilt	PPerSqFt
19 COOL WATER CT	$ 240,000	3	2	2090	Yes	Short Sale	1989	$115
4 FLORENCE COURT	$ 225,000	3	2	1800	No		1986	$125
10 S CLAYMONT CT	$ 180,000	3	2	1376	Yes		1982	$131
24 CROSSBOW CT	$ 330,000	3	2	2484	Yes		1986	$133
19 COLONY CT	$ 295,000	3	2	2175	Yes		1984	$136
8 CORNING CT	$ 180,000	2	2	1300	Yes		1981	$138
10 CORNING COURT	$ 350,000	3	3	2514	Yes	Short Sale	1995	$139
101 COVINGTON LN	$ 415,900	4	2	2661	Yes		2004	$156
24 CLARENDON CT S	$ 335,000	3	2	2050	Yes		1996	$163
3 VILLAGE PT	$ 725,000	3	2	3059	Yes		2004	$237
37 ISLAND ESTATES PKWY	$ 1,500,000	4	4	5445	Yes	Lender Owned	2007	$275

Are you ready to start your search for your future home??

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate: Homes Sales & Listings Market Report -August 2009

Wed, 23 Sep 2009 12:02:32 -0500

Homes for Sale Data – August 2009

ACTIVE FOR SALE	Palm Coast ALL	Indian Trails	Lehigh Woods	Pine Lakes
# of Listings	953	91 (9.5%)	126 (13.2%)	93 (9.53%)
Low Price	$69,900	$90,000	$84,900	$79,000
Average Price	$251,267	$192,236	$166,638	$199,626
Median Price	$190,000	$180,000	$159,900	$185,000
High Price	$1,495,000	$561,000	$351,000	$449,900
# Bank Owned	27	1	4	0
% Bank Owned	2.8%	1.0%	4.9%	0%
# Short Sales	324	33	64	25
% Short Sales	34%	36.2%	50.7%	26.8%

Homes Sold Data – August 2009

SOLD Homes Data	Palm Coast ALL	Indian Trails	Lehigh Woods	Pine Lakes
# of Listings	124	20 (16.1%)	23 (18.5%)	11(8.9%)
Low Price	$47,500	$81,000	$84,900	$79,000
Average Price	$157,327	$146,889	$124,583	$135,036
Median Price	$129,450	$132,500	$125,000	$120,000
High Price	$725,000	$265,000	$178,000	$300,000
# Bank Owned	24	5	6	4
% Bank Owned	19.3%	25%	26%	36.3%
# Short Sales	49	3	13	4
% Short Sales	39.51%	15%	56.5%	36.3%

Search Palm Coast Home Listings

Homes Sold in Lehigh Woods – Palm Coast, FL – August 2009

Address	StreetName	Price	Beds	Baths	LivingSqFt	Pool	Type of Sale	PPer Sq Ft
13	RIVERSIDE LN	$ 170,000	5	4	3920	No	Lender Owned	$ 43.37
31	REGENT LANE	$ 135,000	4	2	3000	No	Short Sale	$ 45.00
29	RIVIERA ESTATES DR	$ 136,500	4	3	2601	No	Short Sale	$ 52.48
36	ROXTON LANE	$ 120,000	4	2	2245	No	Short Sale	$ 53.45
83	PHEASANT DR	$ 120,000	4	3	2127	No	Short Sale	$ 56.42
91	ROXBORO DR	$ 135,000	4	3	2378	No	Short Sale	$ 56.77
78	RALEIGH DRIVE	$ 106,000	3	2	1843	No	Lender Owned	$ 57.51
27	RIPPLEWOOD LN	$ 120,000	3	2	2018	No	Short Sale	$ 59.46
12	RED MILL DRIVE	$ 110,000	3	2	1806	No	Short Sale	$ 60.91
46	RADFORD LN	$ 140,000	4	3	2292	No	Short Sale	$ 61.08
43	ROLLING SANDS DR	$ 103,000	3	2	1650	No	Lender Owned	$ 62.42
27	RICHMOND DRIVE	$ 125,000	3	2	1952	No	Short Sale	$ 64.04
3	RIVIERE LN	$ 129,900	3	2	2026	No	None	$ 64.12
41	ROBINSON DR	$ 135,000	4	2	2096	No	Lender Owned	$ 64.41
40	RYAN DR	$ 125,000	4	2	1890	No	Short Sale	$ 66.14
25	RYECROFT LN	$ 87,100	3	2	1264	No	Lender Owned	$ 68.91
15	RAINTREE PLACE	$ 125,000	3	2	1800	No	Short Sale	$ 69.44
1	ROYALE LANE	$ 100,000	2	2	1411	No	Short Sale	$ 70.87
8	RYKER LN	$ 84,900	3	2	1170	No	Lender Owned	$ 72.56
18	RIPPLING PL	$ 125,000	4	2	1715	No	None	$ 72.89
14	RENMONT PL	$ 95,000	3	2	1206	No	Short Sale	$ 78.77
14	ROBIN HOOD LN	$ 178,000	4	2	2074	Yes	None	$ 85.82
39	ROUND THORN DR	$ 160,000	4	2	1844	No	None	$ 86.77

Home Sold In Indian Trails – Palm Coast, FL August 2009

Address	Price	Beds	Baths	LivingSqFt	Pool	Type of Sale	Year Built	PPerSqFt
32 BEAVERDAM LN	$ 95,000.00	4	2	2031	No	Lender Owned	1986	$ 46.77
141 BEECHWOOD LANE	$ 121,380.00	3	2	2137	No		1977	$ 56.80
98 BEECHWOOD LN	$ 95,000.00	3	2	1632	No		1983	$ 58.21
40 BURNING SANDS LN	$ 170,000.00	4	2	2900	No	Lender Owned	2005	$ 58.62
80 BRESSLER LN	$ 125,000.00	4	2	2115	No	Short Sale	2006	$ 59.10
30 BEACHWAY DRIVE	$ 130,100.00	3	2	2100	Yes	Short Sale	1987	$ 61.95
58 BANNERWOOD LANE	$ 154,000.00	3	3	2435	No	Lender Owned	2006	$ 63.24
65 BURNELL DR	$ 81,000.00	3	2	1246	No	Lender Owned	2001	$ 65.01
8 BRACKEN LN	$ 90,000.00	3	2	1376	No		1984	$ 65.41
3 BUTTERFIELD PL	$ 127,000.00	4	2	1861	No		2004	$ 68.24
12 BANNBURY LANE	$ 125,000.00	3	2	1774	No	Short Sale	2005	$ 70.46
32 BRUNING LANE	$ 137,500.00	3	2	1830	Yes		1994	$ 75.14
16 BRIARVUE LN	$ 150,000.00	3	2	1921	Yes		1989	$ 78.08
35 BREN MAR LN	$ 134,900.00	3	2	1666	No		2004	$ 80.97
59 BROWNSTONE	$ 265,000.00	4	4	3104	No		2006	$ 85.37
16 BANNBURY LN	$ 200,000.00	3	2	2091	No	Lender Owned	2006	$ 95.65
100 BELLEAIRE DR	$ 257,000.00	4	2	2447	Yes		2000	$ 105.03
25 BETH LN	$ 175,000.00	3	2	1646	Yes		2005	$ 106.32
21 BURREL PL	$ 185,000.00	3	2	1708	Yes		2003	$ 108.31
22 BRADMORE LN	$ 119,900.00	3	2	1080	No		2009	$ 111.02

Homes Sold in Pine Lakes – Palm Coast, FL – August 2009

Address	Price	Beds	Baths	LivingSqFt	Pool	Type of Sale	YearBuilt	PPerSqFt
4 WEST PL	$ 103,501	3	2	1494	Yes	Lender Owned	1996	$ 69.28
264 WELLINGTON DRIVE	$ 300,000	4	3	2618	Yes		2002	$ 114.59
24 WESTBRIAR LANE	$ 132,900	3	2	1890	No		1986	$ 70.32
46 WESTMINSTER DR	$ 100,000	3	2	2150	No	Short Sale	1987	$ 46.51
56 WELLSTREAM LN	$ 125,000	4	2	2049	No	Lender Owned	2002	$ 61.01
10 WHITE DEER LN	$ 132,000	5	2	2879	No	Short Sale	2006	$ 45.85
8 WHITE HURST LN.	$ 120,000	4	2	2448	No	Short Sale	2006	$ 49.02
8 WARNER PLACE	$ 111,000	3	2	1792	No	Lender Owned	1992	$ 61.94
12 VILLAGE CIRCLE DR	$ 164,000	4	2	2086	No		1989	$ 78.62
133 WELLWOOD LANE	$ 118,000	3	2	1674	No	Lender Owned	2005	$ 70.49
44 WELLWATER DRIVE	$ 79,000	3	2	1781	No	Short Sale	1980	$ 44.36

Are you ready to start your search for your future home??

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Palm Coast Real Estate - Homes continue to be more affordable than they have been in nearly two decades

Thu, 20 Aug 2009 15:21:37 -0500

WOW!!!! This gives new meaning to the phrase “A picture is worth a thousand words” . This is a pretty scary picture for anyone who owns a home in Palm Coast, FL. But, on the flip side….. it is a very pretty picture for buyers looking for their Florida Dream Home.

More good news for Palm Coast – Flagler County Real Estate buyers who waited to dip their toes back into the real estate market, according to an article just release by CNNMoney.com -

“Homes continue to be more affordable than they have been in nearly two decades.

The typical American family, making the nation's median income of $64,000 a year, could afford to buy 72.3% of all homes sold in the United States during the second quarter”

Are you ready to start your search for your future home??

*Graph Courtesy of Zillow.com. This graph is based off data collected on the Palm Coast, Florida Market.

Breaking News: Expected Over 50% Of All Homeowners Underwater in Their Homes!

Thu, 20 Aug 2009 12:12:17 -0500

I am re-blogging this very interesting article about Mortgage Statistics and what we can expect going forward. As an advocate for consumer empowerment in Real Estate...I feel that information is the key to home buyers and sellers making educated decisions. Thank you to Tim & Julie for taking the time to gather this data and share it with us all.

Please feel free to share your opinions and leave comments.

Kristi L. Ross PA

Hawk Beach Realty

386-931-5822

Via Tim and Julie Harris (Harris Real Estate University):

Note: This is a follow-up on last weeks blog post When Will Home Prices Rebound (2020..2030..Longer?). Read that post on TimandJulieHarris.com now.

Breaking News: Negative Equity Data from First American CoreLogic shows that Nearly One-Third Of All Mortgages Are Underwater.

Here are the bullet points….

• More than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, were in negative equity position as of June 30, 2009 according to newly released data from First American CoreLogic. As of June 2009, there were an additional 2.5 million mortgaged properties that were approaching negative equity. Negative equity and near negative equity mortgages combined account for nearly 38 percent of all residential properties with a mortgage nationwide.

• The aggregate property value for loans in a negative equity position was $3.4 trillion, which represents the total property value at risk of default. In California, the aggregate value of homes that are in negative equity was $969 billion, followed by Florida ($432 billion), New Jersey ($146 billion), Illinois ($146 billion) and Arizona ($140 billion). Los Angeles had over $310 billion in aggregate property value in a negative equity position, followed by New York ($183 billion), Miami ($152 billion), Washington, DC ($149 billion) and Chicago ($134 billion).

• The distribution of negative equity is heavily skewed to a small number of states as three states account for roughly half of all mortgage borrowers in a negative equity position. Nevada (66 percent) had the highest percentage with nearly two?thirds of mortgage borrowers in a negative equity position. In Arizona (51 percent) and Florida (49 percent), half of all mortgage borrowers were in a negative equity position. Michigan (48 percent) and California (42 percent) round out the top five states.

There are some interesting tables and graphs in the article that inquiring minds are investigating. Here are some partial alphabetical lists.

Negative Equity Share

Property Values and Loan-To-Equity Ratios

Nevada, not shown has a near-negative equity share of 68.9% and a Loan-To-Value ratio of an amazing 115%!

Mortgages – Select States

California has $2.4 trillion in mortgages debt. 42.0% of the properties have negative equity.

Florida has $923 billion in mortgage debt. 49.4% of the properties have negative equity.

Illinois has $447 billion in mortgage debt. 29.4% of the properties have negative equity.

Arizona has $298 billion in mortgage debt. 51.0% of the properties have negative equity.

Nevada has $149 billion in mortgage debt. 65.6% of the properties have negative equity.

Nationwide there is $10.1 trillion in mortgage debt. 32.2% of the properties have negative equity.37.6% of the properties have “near-negative” equity.

Summary……32-37% Of All Mortgage Holders Are Stuck, Unable To Sell. What does this mean for Realtors? Simple, if you are not listing and selling Short sales you are making it so you will be cut out of nearly 40% off all available listings? Get started NOW, watch the FREE Agent Short Sale Secrets video and grab your FREE Short Sale Secrets crash course book.

California alone has $2.4 trillion in mortgages debt. 42.0% of the properties have negative equity! Nearly half of all home owners (with Mortgages) are upside down in their homes!

Nationwide there is $10.1 trillion in mortgage debt. 32.2% of the properties have negative equity, another 5.4% are nearly underwater. Don’t believe the green-shoots story…we are no where near the end of this real estate correction.

If underwater sellers want to sell they have 3 choices:

1) Foreclosure.

2) Bringing cash to the closing to make up the difference between what is owed vs what the home sells for.

3) Short sale. For many reasons a short sale is often the best solution for the seller. Clearly, there is an enormous demand for agents who know how to do short sales. Agents, watch the FREE How-To do short sales video now.

When will the housing markets recover to peak 2006 values? Experts are expecting the recovery to take 10+ years. Read this story here.

We have been warning HREU students for over a year that the biggest wave of foreclosures would come in late 2009…early 2010…
And it appears that we were correct.

Realtors: its NOT too late for you to become a REO listing agent. The biggest opportunites to make money listing and selling REOs (bank owned homes) has yet to come. Watch the FREE Agent REO Secrets Video NOW. Learn how to list REOs.

California Foreclosures

Nationwide Foreclosures

California Pent Up Foreclosure Demand

Why will the foreclosures (and REOs) hit harder now than ever?

The number of people underwater in their mortgages is increasing NOT decreasing.

The stigma of a foreclosure is all but gone. Now if you lose your home to a foreclosure you are called a ‘foreclosure victim’.

The reported nationwide unemployment figure is 9.4% with the real unemployment above 16% and rising.

Wages are falling.

The jobs market will suffer losses for another year.

Notices of Default and Trustee Sales are high and rising.

People now see ‘walking away’ from their homes as a prudent financial move vs. being irresponsible.

Agents, what do you think....? What will happen to how people think about real estate...owning a home...if 50% of all homeowners (with a mortgage) are upside down? Share your thought, post your comments:

Palm Coast Real Estate: Luxury Homes Market Report for August 2009 – Flagler County, FL

Thu, 20 Aug 2009 09:59:12 -0500

SOLD – # of Flagler County MLS listed homes per Year and Price Range

“Luxury” Home Prices – (Average SOLD prices for Gated Communities in Flagler County, Florida)

Although the volume of homes sold in Flagler County, Florida for 2009 is on track to match the increase in sales volume that we saw in 2008, prices are still falling in most areas. Sellers that sold in the first half of 2009 had to decrease their average Original List Price by 20% or more in all price ranges to find a buyer. The majority of homes sold in Flagler County in 2006 sold for between $200,000 to $300,000. In 2009 the majority of homes are now selling in the range of $100,000 to $200,000. To make matters worse, the “Luxury Home” owners can’t seem to get a buyer at any price. The volume of homes sold over $500,000 has decreased 79% in just 2 years, and only 1 home over $1,000,000 has sold this year. While during the same period, the volume of homes listed over $500,000 has more than DOUBLED.

It’s clearly still a STRONG BUYER’S MARKET for Luxury Homes, especially for CASH BUYERS.

A rebound in prices for Luxury Homes is unlikely until there are more affordable loans available to buyers. The FHA loan limit in Flagler County is currently only $287,500, one of the lowest FHA limits in Florida. (FL limits are currently between $271,500 and $531,250 in FL) Anything above this is considered a Jumbo loan. Even if you are a Luxury Home buyer fortunate enough to find a Jumbo loan, you can currently expect to pay about 2% more per year in interest over a conventional loan. That’s over $10,000 MORE in interest payments PER YEAR on a $500,000 loan! Its no wonder why most Luxury Home buyers are still sitting on the sidelines.

Kristi Ross - REALTOR - With over 13 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for over 7 years ....I have learned that information is power and I am an advocate for customer empowerment.

Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

* all data was collected from the Flagler County MLS.

Thinking of Making an Offer on a Short Sale? What you Need to Know.

Fri, 07 Aug 2009 09:29:42 -0500

From the Team of Martin Collins & Kristi L Ross PA

Why is it important to know about Short Sales in the Palm Coast, Fl Real Estate Market?

- 52% off all Palm Coast Homes under $200K are short sales

- 67% off all Palm Coast Homes under $150K are short sales

- 83% off all Palm Coast Homes under $100K are short sales

Based on the above data, it is clear that you will likely encounter a short sale listed property in your search for a Palm Coast, FL home. Short sales can be a great way to find your ideal home in Palm Coast and the more prepared you are, the less stressful and enjoyable the process will be.

Thinking of Making an Offer on a Short Sale? What You Need to Know

Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? That's true, but it pays to know a little about the seller's situation before you make an offer.

If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.

A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a short-sale purchase.

You're a good candidate for a short-sale purchase if:

· You're very patient. Even after you come to agreement with the seller to buy a short-sale property, the seller’s lender (or lenders, if there is more than one mortgage) has to approve the sale before you can close. When there is only one mortgage, short-sale experts say lender approval typically takes about two months. If there is more than one mortgage with different lenders, it can take four months or longer for the lenders to approve the sale.

· Your financing is in order. Lenders like cash offers. But even if you can’t pay all cash for a short-sale property, it’s important to show you are well qualified and your financing is set. If you're preapproved, have a large down payment, and can close at any time, your offer will be viewed more favorably than that of a buyer whose financing is less secure.

· You don’t have any contingencies. If you have a home to sell before you can close on the purchase of the short-sale property—or you need to be in your new home by a certain time—a short sale may not be for you. Lenders like no-contingency offers and flexible closing terms.

If you're serious about purchasing a short-sale property, it's important for you to have expert assistance. Here are some people you want to work with:

· Experienced real estate attorney. Only about two out of five short sales are approved by lenders. But a good real estate attorney who's knowledgeable about the short-sale process will increase your chances getting an approved contract. Also, if you want any provisions or very specialized language written into the purchase contract, a real estate attorney is essential throughout the negotiation.

· A qualified real estate professional.* You may have a close friend or relative in real estate, but if that person doesn’t know anything about short sales, working with him or her may hurt your chances of a successful closing. Interview a few practitioners and ask them how many buyers they've represented in a short sale and, of those, how many have successfully closed. A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and smooth communications with the lender. (All MLSs permit, and some now require, special notations to indicate that a listing is a short sale. There also are certain phrases you can watch for, such as “lender approval required.”)

· Title officer. It’s a good idea to have a title officer do an initial title search on a short-sale property to see all the liens attached to the property. If there are multiple lien holders (e.g., second or third mortgage or lines of credit, real estate tax lien, mechanic’s lien, homeowners association lien, etc.), it's much tougher to get that short sale contract to the closing table. Any of the lien holders could put a kink in the process even after you’ve waited for months for lender approval. If you don’t know a title officer, your real estate attorney or real estate professional should be able to recommend a few.

Some of the other risks faced by buyers of short-sale properties include:

· Potential for rejection. Lenders want to minimize their losses as much as possible. If you make an offer tremendously lower than the fair market value of the home, chances are that your offer will be rejected and you’ll have wasted months. Or the lender could make a counteroffer, which will lengthen the process.

· Bad terms. Even when a lender approves a short sale, it could require that the sellers sign a promissory note to repay the deficient amount of the loan, which may not be acceptable to some financially desperate sellers. In that case, the sellers may refuse to go through with the short sale. Lenders also can change any of the terms of the contract that you’ve already negotiated, which may not be agreeable to you.

· No repairs or repair credits. You will most likely be asked to take the property “as is.” Lenders are already taking a loss on the property and may not agree to requests for repair credits.

The risks of a short sale are considerable. But if you have the time, patience, and iron will to see it through, a short sale can be a win-win for you and the sellers.

Are you ready to start your search for your future home??

Featuring everything from bank-owned foreclosed homes under $100K up to luxurious Oceanfront Homes and Condominiums...you will find everything you need in one place.

Kristi Ross - REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 8years ....I have learned that information is power and I am an advocate for customer empowerment. Let my expertise with data analysis, information technology, proven negotiating strategies and a portfolio of hundreds of satisfied customers and closed real estate transactions benefit you when buying or selling real estate is Palm Coast & Flagler County, FL. I am also, sometimes unfortunately during these tough times, very seasoned and experienced with bank owned foreclosures and short sales….if you are looking for a REALTOR to handle your most important transactions….contact me today….@ PalmCoastMLS@gmail.com

Martin Collins – REALTOR – Florida Licensed in Real Estate since 2003 and over $40 Million in sales covering full range of properties, including: Short Sales, Commercial Property, High End Gated Communities, Vacant Land, Water Front Properties, Golf Communities, Rental Properties I have developed a broad customer base in both the U.S. and Internationally. My goal is to assist both buyers and sellers achieve their ideal goals in today’s diverse real estate market. For professional service and real estate representation with integrity…contact me today @ PalmCoastMLS@gmail.com

You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

* Not all real estate practitioners are REALTORS®. A REALTOR® is a member of the NATIONAL ASSOCIATION OF REALTORS® and is bound by NAR’s strict code of ethics.

Note: This article provides general information only. Information is not provided as advice for a specific matter. Laws vary from state to state. For advice on a specific matter, consult your attorney or CPA.

"Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission."

SOLD - 2097 Joyce Street, Flagler Beach Florida $100K

Mon, 03 Aug 2009 16:04:24 -0500

Look what you missed… a Beach Bungalow for $100K with low taxes!

SOLD for $100,000 – 2 Bedroom – 1 Bath – 984 Square Feet

Click here for more information on MLS #163980

What a doll house! Freshly painted with neutral colors. Updated bathroom. Newer roof. Great lot with fruit trees. Move in and walk to Intracoastal,Wadsworth Park,the Beach. watch the 4th of July fireworks from your front lawn. Nice Kitchen with Copper tile backsplash. Great location, for the Beach, Hospital, or walk to the new CVS and Publix. Now this is close to everything!!!!! Enjoy fishing in the ICW with launch just yards away. Keep your boat in your backyard! Perfect vacation, second or starter home. NOT A SHORT. Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

Zoned A1A R/C; 4252 N Oceanshore Blvd, Palm Coast $159,900

Mon, 03 Aug 2009 16:02:14 -0500

Handy-man special in the Hammock! 2,132 TOTAL Sq Ft

A1A Residential/Commercial – special restrictions apply.

2 Bedroom – 1 Bath + 1 Partial Bath – 850 Living Square Feet

Click here for more information on MLS #166574

HANDYMAN SPECIAL!!! Remodeling started-drywall is up, you can finish your way, to your taste. Residential/Commercial zoning on A1A (N Oceanshore Blvd just South of the Hammock Dunes Bridge). Close to state park, public boat launch, grocery store, banks and beach parks. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

REDUCED; 45 Comanche Ct, Palm Coast FL

Mon, 03 Aug 2009 15:59:06 -0500

Beautiful “Sailboat Country” Home – Tile Roof and BOATHOUSE too!

PRICE REDUCED by $30,000 on August 1st, 2009 to…

$419,000 – 3 Bedroom – 2 Bath – 1789 Square Feet

Click here for more information on MLS #164065

Beautiful, single story/tile roof "Sailboat Country" salt water canal home, only one owner. Upper deck is an observation patio for you enjoyment - a must see! The tile roof boat house is waiting for your boat (with lift). Master has jetted tub, separate shower and double vanities. Clean and neutral...move in ready! Easy to show. Grill does not convey. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

SOLD; 21 Collins Lane, Palm Coast FL

Mon, 03 Aug 2009 15:56:01 -0500

Lender Owned – SOLD in 19 days! – Listed at $61,000

SOLD for $56,000 – 2 Bedroom – 2 Bath – 1,432 Square Feet

Click here for more information on MLS #165878

ATTENTION INVESTORS - This 2 bedroom, 2 bath handyman special is located in a great neighborhood. It is in need of some repair and updating, this home would make a great rental, home for first time buyers or retirement retreat. Seller makes no warranties or representations. Living Sq Ft taken from tax records. AS-IS Contract - $398.00 Transaction fee to listing office payable by Buyer at closing (must be included in contract). **Ask about Nationstar Financing - get up to 2% in Closing Cost Assistance** Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

200 Ocean Crest Drive #809, Palm Coast FL 32137

Mon, 03 Aug 2009 15:53:38 -0500

Hammock Beach Club – fabulous ocean view!

$999,999 – 3 Bedroom – 3 Bath – 1,782 Square Feet

Click here for more information on MLS #166414

Decorator furnished, oceanfront unit with a fabulous view! Rarely used in "like new" condition. Can be put in rental program. Seller is a Licensed Real Estate Broker. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

REDUCED $13,000; 90 San Juan Dr #B202

Mon, 03 Aug 2009 15:50:13 -0500

Las Brisas Condo - in the gated community of Matanzas Shores

a Palm Coast address, 15 minutes south of St Augustine on A1A

$176,000 – 2 Bedroom – 2 Bath – 1113 Square Feet

Click here for more information on MLS # 145690

Beautifully furnished top floor condo over-looking (protected) oak hammock preserve offering total privacy. This beachside condo is completely turn-key within the gated community of Matanzas Shores. Enjoy the oceanfront beach club with ocean access, 2 pools, tennis, hiking paths + more. Enjoy fishing at the private intracoastal day dock/fishing pier. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty. Call me today at (386) 931-5822, or visit my website at http://www.palm-coast-hot-properties.com/!

6 Reindeer Lane, Palm Coast Florida 32164

Mon, 03 Aug 2009 15:42:57 -0500

Sellers will contribute $3,000 towards buyers closing costs

$147,000 – 3 Bedroom – 2 Bath – 1,646 Square Feet

Click here for more information on MLS #166267

Easy open floor plan with breakfast bar and family room. Split plan, inside laundry, and screened porch. Yard also fenced in. This home is in pristine condition and ready to move into. All appliances convey along with washer and dryer. Furniture also available. Easy walk to Rymfire Elementary School. Close to shops. Sellers will contribute $3,000 towards buyers closing costs. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

SOLD: 101 Bressler Lane, Palm Coast Florida

Mon, 03 Aug 2009 15:39:13 -0500

Lender Owned – REO – handy-man special

SOLD for $80,000 – 3 Bedroom – 2 Bath – 1,562 Square Feet

Click here for more information on MLS #165504

3 BR/2BA concrete block/stucco home in popular Indian Trails. This is a handy-man special, but has new roof. Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed

60 Surfview Drive (Surf Club #209), Palm Coast FL

Mon, 03 Aug 2009 15:34:36 -0500

A MUST SEE! Short Sale Lender Approval Required.

2nd Floor SURF CLUB Condo – Marineland - Palm Coast, Florida

$275,000 – 3 Bedroom – 2+ Bath – 1,650 Square Feet

Click here for more information on MLS #164427

Short sale forces quick sale. Priced right for currrent market conditions. New wood floors added. A MUST SEE! Short Sale Lender Approval Required. The gated community at Surf Club offers endless amenities including 3 pools, 4 clubhouses, recreation center including tennis, intracoastal day marina and fishing pier, state of the art fitness center and on-site management...offering a great escape or perfect as a rental property. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

REDUCED - 15 Hembury Lane, Palm Coast FL

Mon, 03 Aug 2009 15:31:12 -0500

Woodhaven Condominium – Community Center w/ Tennis & Pool

$119,000 $125,000 – 3 Bedroom – 2 Bath – 1350 Square Feet

Click here for more information on MLS #156340

This unit is one of the nicest three bedroom homes in this very desirable community, lovingly cared for and ideally situated. Screened in and glass enclosed porch. Community Center, Tennis Courts, Pool. Listed with Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

WALK AWAY FROM THE PROPERTY - STRATEGIC MORTGAGE DEFAULTS GROW TO 26%

Mon, 13 Jul 2009 15:06:08 -0500

Richard Zaretsky is an Attorney in South Florida and consistently comes through with excellent articles about short sales and foreclosure. We are very fortunate to have Richard....his knowledge and willingness to share his expertise is greatly appreciated.

Via Richard Zaretsky, Florida Real Estate Attorney (Richard P. Zaretsky P.A. ):

A mortgaged homeowner is likely to "walk from the property" or "give it back to the bank" based more on loss of equity than the ability to make the mortgage payments, a recent research paper emanating from the University of Chicago says. The paper researches and analyzes when American homeowners are likely to "walk away from their mortgages". These actions by mortgaged homeowners when the indebtedness substantially exceeds the equity value of the property, is called a "strategic default". The study found that 26% of all homeowner defaults today are strategic defaults.

The paper preliminarily released through the University of Chicago and Northwestern University in June, titled, "Moral and Social Constraints to Strategic Default on Mortgages", examines the likelihood and reasons for an indebted homeowner to either pay or default on its mortgaged property and makes for fascinating reading. It is also an excellent background source to my recent blog SHOULD I PAY MY MORTGAGE?

Key findings in this study include:

            - 1 out of every 4 mortgage defaults is "strategic", meaning the borrowers are intentionally not making payments based upon valuation of the property, rather than personal finance.

            - When negative equity reaches 10%, strategic decisions to default begin.

            - Significant defaults begin when the negative equity reaches 15%.

            - 17% of homeowners will default even is the home payments are affordable, when the negative equity reaches 50%.

            Neighborhood and demographic environment plays a multiplication or magnification effect on the statistics. In fact the study found that besides relocation costs, the most important variables in the prediction process are moral and social considerations. For example, if a homeowner lives in a community where there are several foreclosures, or has acquaintances that are in foreclosure, the homeowner is more likely (82%) to have a predisposition to strategically decide to allow a foreclosure. If the homeowner finds it immoral to default, they are 77% less likely to default.

The study also takes into consideration the morality of purposely not paying the mortgage, which summarily is only(?) 20% of all mortgageors.

People under 35 years and over 65 said were less likely to say it was morally wrong to default, compared to middle-aged respondents.

People with a higher education and African-Americans are less likely to think it's morally wrong to default, while respondents with higher incomes were more likely to think it's morally wrong.

Republicans and Democrats showed little difference in moral views of strategic default, while independents were less likely to say defaulting is immoral.

People who supported government intervention to help homeowners were 12 percentage points less likely to say strategic default is immoral.

The study also takes into consideration the possibility of recourse versus non-recourse mortgages and deficiency judgments in its statistical analysis. See also FORECLOSURE DEFICIENCY JUDGMENT or SHORT SALE PROMISSORY NOTE or BANKRUPTCY - REVISITED. There is an analysis of this issue (which applies to some mortgages in California or example) that is very interesting - as there is not the impact one would think on the determination of the homeowner.

This study makes an interesting juxtaposition to the federal government's moves to address the problem of foreclosures in our nation through addressing the cash flow and affordability of payments, rather than the equity value losses of homes. It is a must read for those involved in short sales and mortgage modifications.

Copyright 2009 Richard P. Zaretsky, Esq.

Be sure to contact your own attorney for your state laws, and always consult your own attorney on any legal decision you need to make. This article is for information purposes and is not specific advice to any one reader.

Richard Zaretsky, Esq., RICHARD P. ZARETSKY P.A. ATTORNEYS AT LAW, 1655 PALM BEACH LAKES BLVD, SUITE 900, WEST PALM BEACH, FLORIDA 33401, PHONE 561 689 6660 RPZ99@Florida-Counsel.com - FLORIDA BAR BOARD CERTIFIED IN REAL ESTATE LAW - We assist Brokers and Sellers with Short Sales and Modifications and Consult with Brokers and Sellers Nationwide! Shortsales@Florida-Counsel.com New Website www.Florida-Counsel.com. See our easy to find articles at Need Short Sale and Modification Information? - These Articles Probably Answer Your Question

JUST SOLD - 1 Ziegfeld Place - Palm Coast, Florida Real Estate Update

Mon, 13 Jul 2009 13:25:36 -0500

Quail Hollow – 3 Car Garage on Oversized Lot – Original List Price $224,400

SOLD for $208,500! – 3 Bedroom – 3 Bath – 2,053 Square Feet

Click here for more information on MLS #158988

This home features an oversized side entry 3 car garage w/17x22 completely finished w/ a/c (not incl in the 2000 lvg sq. ft), recessed lighting, finished floor, cabinets & large stand up attic. Inside the home you will find a gourmet kitchen w/ upgraded cabinets and nook w/mitered glass window. Tile set on the diagonal adds a special flair. Great room w/lighted tray ceiling & crown molding, dbl french doors lead to the covered screened lanai. Both the dining room and master also have tray ceilings. Master bath features lg roman shower, jetted tub. French doors connect the Master to the lanai. 2nd bdrm has private full bath, while the larger 3rd bdrm enjoys lots of closet space. Outside you will enjoy a private landscaped yard, fenced w/pvc, sprinkler on well, shed, hurricane shutters & ext lighting. Sold by Hawk Beach Realty.

Brought to you by Kristi Ross, Hawk Beach Realty.
Call me today at (386) 931-5822
Visit my website at http://www.palm-coast-hot-properties.com/!

*All Information is gathered from the FLGMLS and is deemed reliable but not guaranteed