The figures are in and the the available homes inventory has dropped by over 400 houses the past few months - not only that, the median sale price is rising. Flagler County is beginning to see a change.......
Are you waiting for the market to drop some more - don't....... Yes, it might drop a bit more - no one knows for sure, but is it worth waiting and missing the house you want at interest rates that are still some of the lowest we've seen in years. Wait and you will miss the opportunity to pick from the largest choice you will ever have.
These past few months have shown a decrease in available inventory like hasn't been seen in a long time. Investors are buyng, people are relocating to sunny Florida and others are buying their second or vacation home. Don't be left out of the chance to get a real deal.
Visit My Web Site Each Week To See The Activity For The Previous Week**
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Week of September 28 - October 4, 2008 |
Sold |
Pending |
New Listings |
|
|
Single Family Residence |
25 |
31 |
68 |
|
|
Condominiums |
2 |
0 |
4 |
|
|
Palm Coast Lots |
5 |
0 |
10 |
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Need information on other areas of Flagler County then please call or email me for more details. Want to know the prices of these properties - call or email me ~ mj@maryjaneholland.com
Palm Coast and Flagler County have some of the lowest priced homes for a water front community. A place where you can still get value and be no more than a 10 minute drive to the ocean. Perhaps you want a home on the water - we have several choices. Of course you can purchase a home on the ocean but you can also purchase a home on a salt water canal and keep your boast in your own back yard. Other choices are the Intercoastal or homes on a fresh water canal which offers you the opportunity to use your canoe or kayak to explore.
Use this market to get the bargain you deserve and don't get caught saying - I could have bought that for $100,000 less just a few years ago!!
Just a few informational notes - Do you know what a "Short Sale" is. Most of the below market value homes that are entering the market are short sales. This would be a home that the seller is listing for less than they owe the bank. However, the bank might not be aware of this if the seller has not contacted the bank and submitted the necessary forms and information that the bank requires before they allow the sale to be completed short. Many times a contract that is submitted on a short sale won't close because the bank will not accept the offer. What we find now is that the banks are holding out to see what the best offer is that they will receive. So don't be fooled by thinking you might get a low ball price on a house. In many instances we have seen prices bid up over what the original list price is. If a seller has not notified the bank and continues to make payment on the mortgage, then the bank is not prepared to declare it a short sale and it could take several months to get to that point. This is different than a foreclosure. By the time you get to foreclosure, the bank owns the property and sets the price at what their appraisers indicate what the market value should be. These are all not easy sales to complete and you must be prepared to wait several months for the transaction to close and pass title. I urge you to use a competent Realtor who can help guide you through these complex and time consuming transactions. Many of the Pending/Contingent sales do not take place on short sales because the bank will not accept the low offers that are being made.
**This information is taken from the Flagler County Association of Realtors MLS. This information may contain errors and cannot be guaranteed |