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Flagler County & Palm Coast Market Update Through May 2014
After a somewhat weaker March this year, residential home sales picked up in April and May coming in almost “flat” compared to last year’s sales.  Visit my “Market reports” section for more stats.  Let’s take a look at some highlights:
Sales There were about 199 residential houses sold in May 2014 which is about 2% higher compared to the 196 for May 2013.
The total number of sales still remain down about 4% with 843 residential houses sold January through May in 2014 compared to the same period in 2013.

Values Most news has been speaking to values recovering and that is very true.  Sellers like this news, but buyers aren’t typically so happy.  We’ve actually seen values recovering for some time in the area.  We’ve seen a nice gain in median sales price so far this year coming in at about $151, 824 which is up about 12% compared to the $135,000 the same period last year.
The biggest question here for buyers is often “Should I wait?”  And my answer is “No!”  Not because I want to be the “cheerleader” for more sales, but because the data is showing that this trend is not going to stop.  Inventory remains lower, demand continues to grow, ... more

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