July/August, 2016 -
Well, it's time to re-vitalize this blog! Admittedly, it has slipped as a priority, this past year. However, I've been told that when I was posting frequently, people actually read it... and liked it!
I've been a seriously active Real Estate Broker now, for (gasp...) 30 years! The first 15 years were in the Northern Virginia/Washington, DC market (talk about a tough place to compete!)... and the past 15 years have been here in Flagler County, Florida (Palm Coast, Flagler Beach, Bunnell).
It's been a real roller coaster ride, with two scorching "hot" markets and two "bubble bursting" markets... and now we are 2 years into a "healthy recovery" market. From 2000 to 2006, we were on fire here in Palm Coast and Flagler Beach. We were even "The Fastest Growing County in the USA" for 2 years in a row. But, how the giant crashed... From 2007 through 2013, we were barely scraping by. For most of those years, 60% of our total inventory was "Short Sale" business, followed by a rash of "Bank Repossessions." Ah, but now we are seeing a normal market, increasing steadily & slowly.
Here is a quick peek at the current market, here in Flagler County, FL:
Single Family Homes:
- 718 Available
- Priced between $59,900 and $3,250,000
- Median price of $289,900
- Average days on the market of 154
- 279 Available
- Priced between $62,000 and $2,550,000
- Median price of $339,000
- Average days on the market of 228
Building Lots (does not include commercial/industrial or large acreage parcels):
- 1,488 Available
- Priced between $4,000 and $1,498,000
- (high dollar lots are almost all Oceanfront or Intracoastal frontage)
- Median price of $36,500
- Average days on the market of 457
We think now is a really great time to purchase a home. Our sense is that we have suffered greatly and are now climbing out at a healthy rate. Buying now should be rewarded with a great entry price and increasing equity. And then there is that great tax break! If your mortgage is $1,500/month and $1,000 of that is interest, you get to deduct $12,000 "off the top" of your taxable income (very rough example, but you get the point). PLUS, you're not throwing the money at "never to be recovered rent."
My wife and real estate partner, Maritssa Vazquez, and I are available to answer any of your questions about the market. Visit our website at: www.SellPalmCoast.com
You can email me at: firstname.lastname@example.org, or call/text me at: 386-931-1987.
Broker Associate, Parkside Realty Group
Palm Coast - Flagler Beach, FL