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Category Archives: General

Palm Coast State of The Market 6/24/10

Everyone is continuing to keep an eye on the housing market nationally and locally to see the effect of the Tax Credit program which ended in April.  The terms of the program were that contracts needed to be signed by 4/30/10 and closing occur no later than 6/30/10.  Realistically, many of those closings would have occurred in May for contracts signed in April.  So June and July are key months to look at in reagrds to impacts.  We are still seeing strong numbers in the area compared to 2009 in Palm Coast which comprises the majority of the activity in the Flagler County area.  Here’s a breakdown through 6/24/10 for Palm Coast Residential Home Sales:

Year-to-Date

2010            2009        Difference

# of Sales: 621              553            +12%

Median Sold $ $129,000      $136,000        -6%

Avg DOM 206              205             —

June 2010

2010            2009         Difference

# of Sales 110                92             +19%

Median Sold $ $135,755      $136,000       —–

Avg DOM 192              241             -20%

As you can see, we are seeing very positive gains in terms of the number of home sales in the area both this year and for June so far.  One notable point that many look at is the median home sold price to base prices.  This number is derived from the ‘in between’ of the number of the highest and lowest sold.  What is driving this number is the change in the price area customers are buying at which has changed from last year.  Take a look at the graph below:

Palm Coast Home Sales

As you can see there has been a significant shift in the number of sales by price bracket.  In 2009, the peak was at the up to $140,000 range and has shifted downward to the up to $120,000 range for 2010 so far.

This will continue to be an interesting summer for Real Estate in the area.  We are continuing to see very positive signs in the area which I believe will continue. Again, we are seeing minimal foreclosures offered for sale through our MLS and the double-digit increases in the number of home sales is always a great sign.


Disclaimer: Statistics based upon the Flagler County Association of Realtors MLS through 6/24/2010.  Information is deemed reliable but not guarnteed.

Kathleen West, Realtor

Trademark Realty Group of Palm Coast

2 Pine Lakes Parkway, Suite 1
Palm Coast, FL  32137
Office: (386) 446-5930
Email:  Kathleen@PalmCoastHomeShow.com
www.PalmCoastHomeShow.com
“Bringing Real Estate to Life”

Become a fan of the Palm coast Home Show on FacebookGet the Palm Coast Home Show on Your IPhone
*After Downloading the MyAgent App,
enter ‘Agent Code’ 4082 and you’re set!

 

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My Daughter, The Graduate!

Today, I am a very proud Mom.  Yesterday I sat with my husband and father as we watched my daughter Patricia graduate high school.  As a parent, it’s a day that sneaks up on you so fast.  It’s a day of a lot of  “It seems just like yesterday . . . “.  And it’s a day that you realize that your child really has grown up.  Most importantly, it’s a day that truly makes you proud.  My little girl overcame challenges, leaped hurdles, and reached her goals over her school career.  She made it.

As I sat and watched the 300+ Matanzas High School Graduates of the Class of 2010 each coming up and receiving their diplomas, I couldn’t help but reflect back.  I began thinking back on my own graduation, the dreams I had (and still have), and many paths life has taken me down.  Although some of those paths were not always what I would have ever hoped for, they have all lead to better things.

Although so many tell us around graduations that the graduates are the future.  It’s something that truly can’t be appreciated at the time, but it is so true.  There are so many wonderful students that I have had the opportunity to meet from Matanzas High School, and am confident that their future will be filled with many joys and successes for each and every one.  Whether they know it or not, they have had a great stepping stone in attending Matanzas High School.  I can never express how wonderful I think the school is, and thankful that my daughter had the opportunity to go to.  From the Principal, Dr. Pryor, to all of the wonderful and dedicated Teachers.  I thank them all for all they do and the selfless dedication they put in.

And for my daughter and all of the students of the Class of 2010, I would like to offer this timeless poem:

The Road Not Taken’
- Robert Frost

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth.

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same.

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I–
I took the one less traveled by,
And that has made all the difference.

 

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Tax Credit Expiration Does Not Appear To Have Effected Performance In Flagler County & Palm Coast

Many (including myself) had been wondering what effect the expiration of the Home Buyer Tax Credit Program would have on local sales.  In all honesty, I had expected to see a drop compared to the year before this month (May 2010).  I am pleased to see that performance remains strong in the area. 

The number of home sales for Flagler County through 5/26/2010 are +15% compared to 1/1/2009 through 5/26/2009 with median price at -9%.  Likewise, 5/1/2010 through 5/26/2010 sales are +9% compared the same period the year before with medin price at -6%. 

We are seeing steady and strong comparables each month and this is obviously great news.  In terms of median price, we are seeing dips but at a much slower rate than the past few years which again were seeing double digit drops. 

Start your Flagler County and Palm Coast Home Search Today!

Kathleen West, Realtor

Trademark Realty Group of Palm Coast

2 Pine Lakes Parkway, Suite 1
Palm Coast, FL  32137
Office: (386) 446-5930
Email:  Kathleen@PalmCoastHomeShow.com
www.PalmCoastHomeShow.com
“Bringing Real Estate to Life”

Become a fan of the Palm coast Home Show on FacebookGet the Palm Coast Home Show on Your IPhone 
                                                *After Downloading the MyAgent App,
                                                enter ‘Agent Code’ 4082 and you’re set!

 

Staying Safe Online II: Protecting Your Reputation

I had intended to cover a technical aspect of ‘custom settings’ for kids on computers, but I think it is more important to address the behaving online portion first as better preparation.  Just like getting properly dressed and ‘ready’ to go out to any social function.  The problem that exists online is that we don’t do that and we don’t teach our kids this either.  We are constantly hearing about how people ‘got into trouble’ with something they said or did online.  There was a time where many people ‘hid’ online through screen names in chat rooms or instant messaging.  Today’s social networking services use real identities.  The person is out there as to who they really are.  So let’s take a look at that aspect of things.

First of all, I don’t think social networking services like Facebook, Twitter, or even MySpace are ‘bad’ things.  I think they are actually amazing and provide us with a means to communicate like never before.  The problems that crop up aren’t with the service, but rather how people use them and their perception of them.  My recommendation is to first take the phrase ‘it’s just the internet’ out f your vocabulary.  The ‘online world’ is actually no different socially than the ‘physical world’.  Therefore, all of the same concepts apply in how we act and behave as adults and how we teach our children to act and behave online and physical social settings.  For example, no one that I know would want their child walking around in public with a poster slandering a Teacher or School Administrator.  We all know that could have repercussions for our child.  What have students done?  Posted pictures slandering school officials online.  When found out, there were repercussions to their child’s reputation and future educational opportunities.  What was the parents’ response?  “It’s just the internet.”  Doesn’t make sense.  So here’s some things to keep in mind with protecting yur reputation online:

  1. Your Image Many people post a photo of themselves on these services.  As the saying goes “A picture is worth a thousand words”.  Use a nice picture of yourself.  Just like you probably get dressed nice to go out in public to present yourself the best you can, do the same online.
  2. What Information To Provide In Profiles Unless you are savvy about who has access to your personal information (i.e. address, email address, phone number, etc.), only provide the minimum.  If one of your contacts wants that information, they will ask and you can choose whether or not to provide it.
  3. Who to ‘link up with’ on these services The short answer is . . . only people you know.  It can be ‘fun’ to have big ‘friends lists’, but some people unfortunately use these services for malicious reasons.  Treat requests to link up like someone knocking on your door and the decision as to whether you would let them in your house or not.  In terms of our kids, what’s the one thing we teach them when they are toddlers?  Yup, DON’T TALK TO STRANGERS!  So make sure they use the same rule online.
  4. What you post It’s cool to be able to post pictures, video, express our opinions, or even vent online.  The problem is that we get desensitized on these sites and forget there other real people on the other end.  We’ve all made this mistake which comes back and ‘bites us’ online and offline.  I’ve done it an that’s how I know the importance of mentioning it here.  If you are primarily using the service for professional purposes, be very careful here.  You can damage your self, your company, and your career far more than you know.  In terms of  your kids, they also need to be careful.  If they are talking about drugs online as a joke, it will be perceived the same way as it would if that was overheard in school or in public.  Politics is a big one these days and it can get ‘heated’.  I have my opinions and express unpopular opinions probably too much, and some people don’t like that.  I try to be civil, but to each their own.  It’s your call.  My suggestion again is if it’s for professional purposes, leave the politics out of things.

It’s really that simple.  Just keep in mind all the things you would (and would not) say and do in normal social settings and you’ll be fine.  All the same things you teach your children in terms of proper conduct also should apply to online.  Have fun.

 
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Posted by on May 14, 2010 in General, Technology

 

2010 Flagler County Housing Market Sees 17% Gain

Through April of this year, the number of Flagler County residential homes sold has risen 17% compared to the same period in 2009.  This period in 2009 saw 378 homes sold with 2010 seeing 442.  83% of those sales were up to $209,000 compared to 81% in 2009.  Median price during these periods saw a decline 7% which was driven by the increase in the rise in the number of lower priced homes being sold. See the price bracket breakdown below.

The number of homes for sale today remains significantly lower than the level it has been over the last few years.  There are currently 1,318 homes active for sale in Flagler County which was typically up around 2,000 over the last few years.  Of the homes for sale on the market today, the average Days on the Market has been 214 days.  Interstingly enough, of the up-to-$209,000 price bracket (the largest price bracket sales contribution) represents only 48% of the homes listed for sale today. 

All of these are very positive indicators for the area housing market.  The increase in demand, coupled with slowing declines in median price, and decreases in the number of homes for sale all point towards stabilization.  Since 2009 we began seeing year-over-year increase in the number of homes sold and very low foreclosure contirbutions (about 1%) for both number listed and sold.  Short Sales remain considerbale and continue to comprise about 36% of the market for both sold and listed. 

2010 Breakdown of Homes Sold In Flagler County 1/1/10-4/30/10 

Price Range Count
   
$40,000 - $49,999 2
$50,000 - $59,999 2
$60,000 - $69,999 6
$70,000 - $79,999 12
$80,000 - $89,999 24
$90,000 - $99,999 26
$100,000 - $109,999 35
$110,000 - $119,999 50
$120,000 - $129,999 57
$130,000 - $139,999 37
$140,000 - $149,999 26
$150,000 - $159,999 28
$160,000 - $169,999 16
$170,000 - $179,999 17
$180,000 - $189,999 12
$190,000 - $199,999 7
$200,000 - $209,999 10
$210,000 - $219,999 9
$220,000 - $229,999 8
$230,000 - $239,999 1
$240,000 - $249,999 4
$250,000 - $259,999 7
$260,000 - $269,999 2
$270,000 - $279,999 5
$280,000 - $289,999 6
$290,000 - $299,999 5
$300,000 - $309,999 3
$310,000 - $319,999 2
$320,000 - $329,999 2
$330,000 - $339,999 1
$340,000 - $349,999 2
$380,000 - $389,999 1
$400,000 - $409,999 3
$410,000 - $419,999 1
$430,000 - $439,999 1
$500,000 - $509,999 1
$510,000 - $519,999 1
$550,000 - $559,999 2
$560,000 - $569,999 1
$570,000 - $579,999 1
$590,000 - $599,999 1
$650,000 - $659,999 1
$670,000 - $679,999 1
$710,000 - $719,999 1
$770,000 - $779,999 1
$980,000 - $989,999 1
   
Totals: 442

 

*Disclaimer: All statistics are from the Flagler County Association of Realtors MLS as of 5/6/2010.  Information may be deemed reliable but not guaranteed.

Kathleen West, Realtor

Trademark Realty Group of Palm Coast

2 Pine Lakes Parkway, Suite 1
Palm Coast, FL  32137
Office: (386) 446-5930
Email:  Kathleen@PalmCoastHomeShow.com
www.PalmCoastHomeShow.com
“Bringing Real Estate to Life”

Become a fan of the Palm coast Home Show on FacebookGet the Palm Coast Home Show on Your IPhone 

 

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