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the Palm Coast - Flagler County Real Estate Market and Trends.
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Market update for July 2008
11 Homes sold in the Belle Terre/Pine Grove Neighborhood in July. 6 Bank owned - 2 Short Sales and 3 non-distressed sales. Looks like this neighborhood is bucking the trend of declining sold prices....this does show that it only take one very low distressed sale to throw off the numbers for any given month....hmmmm. The list prices in Quail Hollow currently range from $105,000. up to $425,000. There are 52 Homes in these neighborhoods listed under $150,000 of those 77% of them are distressed sales - Short sales or Bank Owned properties.
This data continues to show us the tremendous impact that the short sales and foreclosures have had on the community. Seller's who are not in a short sale situation or facing foreclosure and are not in a must sale situation may want to rethink their decisions to try to sell there homes at this time and let the must sells purge out of the market.
Belle Terre/Pine Grove Neighborhood (N. of 100/West of I-95)
172 Homes For Sale
Average List Price: $201,101 in July vs $202,028 in June
Average Sale Price: $153,909 in July vs $137,139 in June
Total Pending Homes: 45
Pending Bank Owned: 6
Pending Short Sales: 29
Days on Market: 82
Sale Price/List Price Ratio: 96.11%
Search Homes for sale in Belle Terre/Pine Grove - Palm Coast, Florida
*DICLAIMER: The above statistical data was gathered from the Flagler county MLS and is not to be guaranteed reliable or accurate and is for informational purposes only.
**Disclaimer: The search homes information is provided through IDX and Kristi L. Ross PA, Hawk Beach Realty, My Broker or associates are not in anyway responsible for any mistaken information provided.
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