"Flagler County, FL Waterfront Homes - 2010 Recap"

     I know it's only December, but here is a recap of waterfront home sales for the first 11 months and 2 days in Flagler County, FL for 2010.  Areas include the Palm Coast, FL zip code 32137 and Flagler Beach, FL zip code 32136.  "Waterfront" is defined as "On a Saltwater Canal, the Intracoastal Waterway (ICW), or the Atlantic Ocean."  This does not include fresh water canals, golf course ponds, ocean views, marshes, etc.  These homes were "on the water."

For all of this year, there were only 109 such sales.  In the heyday of 2001-2005, it would not have been a stretch for this number to have sold in just one month!

                                                          Here is a statistical summary of these sales:

• Sales Prices:   
• High = $1,000,000 (on the ocean)
• Low = $150,000 (on a canal)
• Average = $320,000
• Mean = $280,000

• Average price/square foot = $148

• Average Days on the Market = 198

• Type of sale:
•  Total sales = 109
• "Normal" = 73 = 67%
• Foreclosures = 11 = 10%
• Short Sales = 25 = 23%

• Number of sales, by month:

• Jan = 3
• Feb = 4
• Mar = 5
• Apr = 10
• May = 10
• Jun = 14
• Jul = 13
• Aug = 10
• Sep = 13
• Oct = 16
• Nov = 10
• Dec =  none yet... (Hey, it's only the 2nd!)

All I can say is "Holy Cow, Mama!"  A $280K Median... and $320K Average price for a Florida waterfront home?!?  If you were here in 2000-2005, you are scratching your head now.  At the 2005/early '06 peak, canal LOTs were in the $300Ks!  ICW LOTs were $495K-$750K!  And Oceanfront LOTs were over $1,000,000!  If you want waterfront... GET IT NOW... or be telling your grand kids about how you should have... back when it was cheap!