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:
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
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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.
at the time, but it is so true. There are so many wonderful students that I have had the opportunity to meet from
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.
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.
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.