As the age old question goes in Real Estate, "How's the market doing?" In Flagler County and Palm Coast, FL . . . very postive. You can get a full break down of Residential Home Market Statistics for the area at PalmCoastHomeShow.com. But here's an overview of the market as of today:
- There are 1196 homes for sale in Flagler County and 887 in Palm Coast. Both are some of the lowest levels of inventory in the last few years.
- Of the homes for sale 27% are 'short sales' in Flagler County and 32% in Palm Coast.
- Foreclosures represent 2% of all homes for sale in both areas.
In terms of sales, we are seeing great activity in the area.
- 440 homes have closed through 4/30/2011 in Flagler county which -7% compared the same period last year. This is not a concern because last year we had the Home Buyer Tax Credit as saw unusal high activity early on in the year compared to historical trends.
- 32% of all sales this year have been short sale.
- Sales have been averaging around 95% of list price for home sales this year.
All of which are positive numbers for the area.
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