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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

Pine Lakes has long been a very popular community due to the close proximity to shopping, dining, and of course is the home of the Pine Lakes Golf Course and Club house.

During August we witnessed a decrease in inventories in Pine Lakes by about 6%, but that coincides with a decrease in the average list and average sale prices.  Again showing weakness in the market and customers looking for the best value and waiting for prices to continue to come down.  Average days on market also increased in Pine Lakes and the absorption rate in Pine Lakes show that we are in a strong buyer's market in this neighborhood.

Again it is very important to pay attention to the amount of short sales in a neighborhood because they do have a high opportunity of turning into bank owned property in the future.

Pine Lakes Neighborhood (Pine Likes Golf Course Area)

156 Homes For Sale 

(Inventories Decreased approximately 6% from July to August)

Search Homes for sale in Pine Lakes - Palm Coast, Florida

Absorption Rate: 11 Months

There are currently 1 Bank Owned Homes in the Pine Lakes

There are currently 32 Short Sale Homes in the Pine Lakes

Average List Price:  $ 225,926 in August vs $227,181 in July

Average Sale Price:  $172.700 in August vs $197,790 in July

Total Pending Homes:   29

Pending Bank Owned:   1

Pending Short Sales:  16

Sold Homes:  12

Days on Market:  165

Sale Price/List Price Ratio:   93.04%

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.