Make sure to check back in for updates on

the Palm Coast - Flagler County Real Estate Market and Trends.

I believe that information is power and am an advocate for customer empowerment.

Market update for August 2008

The Belle Terre/Pine Grove Area is currently showing an extremely high absorption rate and it looks to be about 12 months of inventory currently on the market for sale. This is generally a indicator of a buyers market.

The positives are that the average days on market from when a house is listed to when it sales has decreased to only 73 days.  This area is a prime example as is Lehigh Woods of the heavy impact of high levels of inventories, numerous short sales and bank owned properties really effecting the value and salability of neighboring homes.  It is unfortunate, but in order to sell a home quickly in these areas you must adjust to meet the competition and price aggressively

Belle Terre/Pine Grove Neighborhood (N. of 100/West of I-95)

172 Homes For Sale

(Inventories Decreased 3% from July to August)

Search Homes for sale in Belle Terre/Pine Grove - Palm Coast, Florida

Absorption Rate:  12 Months

There are currently 9 Bank Owned Homes listed in Belle Terre/Pine Grove

There are currently 59Short Sale Homes listed in Belle Terre/Pine Grove

Average List Price:   $197,951 in August vs $201,101 in July

Average Sale Price:  $150,200 in August vs $153,909 in July

Total Pending Homes:   48

Pending Bank Owned:   4

Pending Short Sales:  33

Sold Homes:  10

Days on Market:  73

Sale Price/List Price Ratio:    93.44%

Kristi Ross - REALTOR - With over 12 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 7 years come this October....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.

*DISCLAIMER:  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.