|Call Frank Zedar for Accurate Real Estate Information||: 386-931-1987|
Quick Stats: (Extracted from Flagler County Association of Realtors MLS)
|Days on Market||29||928||207||148||--|
|SHORT SALES = 50 to 60% of the Market!|
Condos are another world. Lots of legal wrangling going on. It's harder to get a mortgage too, because if 15% are behind in condo/association fees, they are dropped from the eligibility list. There are loads of bargains... and Cash is King! As an example, I know of a condo in one of the magnificent Ginn projects that sold for $680,000 in 2007 and today is offered as a $180,000 short sale.
Don't be fooled into thinking that if it's a "short sale" or bank property, you'll automatically get a better deal. That is surely not so. Everything depends on the seller's motivation... And Joe and Marry Seller may want to get sold and move back to New Jersey for family/personal reasons with greater need than a bank!