Did you know you qualify as a first time home buyer if you have not owned a home for 3 years prior to your purchase?  Many homebuyers do not realize that they may qualify for a tax credit of up to $8,000.  This tax credit is temporary and is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

If you are interested in learning more about the $8000. tax credit and curious as to if you qualify…please view this informative video from the National Association of Homebuilders.

Are you ready to start your search for your future home?? 

Featuring everything from bank-owned foreclosed homes  under $100K up to luxurious Oceanfront Homes and Condominiums…you will find everything you need in one place.

Kristi Ross – REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years ….I have learned that information is power and I am an advocate for customer empowerment.

You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

Palm Coast Homes – Price Reductions for July 6, 2009*

Click on property pictures below for more information.

Are you ready to start your search for your future home?? 

Featuring everything from bank-owned foreclosed homes  under $100K up to luxurious Oceanfront Homes and Condominiums…you will find everything you need in one place.

 

Kristi Ross – REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years ….I have learned that information is power and I am an advocate for customer empowerment.

You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

*The content relating to real estate for sale on this web site comes in part from the IDX program of the Flagler County MLS. Listing content is copyright ©2009 Flagler County MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. This information was last updated as of date specified below. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Hawk Beach Realty directly for additional information pertaining to the status and availability of properties displayed on this website.

©

Distressed Sales Lead to Lower Median Sale Price

 

We are now half way through 2009 and the figures are in for Palm Coast, Florida.  The number of single family homes listed for sale has decreased from 1534 in the first six months of 2008 to 1007 for the first six months on 2009. That is a decrease in available inventory on the market of  55%….this is great news, but it comes at a very high cost to homeowners and sellers. Short sales and bank owned properties have now become a majority of the market.  See median sale price data below.

 

The chart below shows a major decline in median property values over the last 4 years with the median single family home price now coming in at a very affordable $137,000.  That is a decrease of 17% over the first half of 2008 and a decrease of 44% since the first half of 2006.  It does appear that the median sale price of Palm Coast condos is stabilizing after a staggering 40% loss in value since the first half of 2006.

The vacant lots…well, the numbers are pretty horrifying.  The median sale price of vacant lots in Palm Coast (Including  lots in Grand Haven, The Conservatory, Palm Coast Plantation and other gated communities) have fallen a jaw dropping 74% since the first half of 2006 with the median sale price now at $20,000 per lot.

Are you ready to start your search for your future home?? 

 

 

Featuring everything from bank-owned foreclosed homes  under $100K up to luxurious Oceanfront Homes and Condominiums…you will find everything you need in one place.

 

Kristi Ross – REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years ….I have learned that information is power and I am an advocate for customer empowerment.

You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

 

Source: FLGMLS Multiple Listing Service.  Data is believed to be accurate but not guaranteed.

 

Wow..wow…wow…wow..wow!!!!!  

On June 30th, 2009, a Palm Coast Saltwater Canal home with an pool, 80’ of bulkheaded waterfrontage, two canals off the Intracoastal Waterway, 3 Bed/2Bath/2Car garage and over 1980 living square feet under heat and air…Closed Sale for $185,000….no that is not a TYPO….it Closed sale for $185,000…..that is under $100.00 per square foot with the LOT!!!! 

If you break out the lot and figure it at $81K…the price of the sale of the lot at 6 S. Coral Reef Ct..(NO…this is NOT across from duplexes) in March of 2009 according to the public records in the Flagler County Taxrolls …that makes the square foot price for this home $52.31 per square foot….huh????   OH an did I mention…it has an in -ground pool…..YUP!!!!    Wow…wow…wow!!!!

Now the reason that this is so significant, this was NOT a distressed “Short Sale” or “Bank Owned Property” according to the original MLS Listing.  That means…IT IS A COMP  for future appraisals on the canals!!!

This is great news for buyers and working with a REALTOR as a buyer’s agent, that knows this market, will give you a huge advantage when it comes to negotiating with the seller. 

For sellers…this is not good news at all.  Especially with the new HVCC program regarding appraisals.  It is already being discussed that the HVCC  is causing major problems for home valuations and killing up to as many as an estimated 25% of all currently pending home transactions.  There are 33 saltwater canal homes currently pending or contingent sale…it will be very interesting to see what the final sale prices are on these homes…. when and IF the make it to closing.

 

Are you ready to start your search for your future home?? 

Featuring everything from bank-owned foreclosed homes  under $100K up to luxurious Oceanfront Homes and Condominiums…you will find everything you need in one place.

 

Kristi Ross – REALTOR - With over 14 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years ….I have learned that information is power and I am an advocate for customer empowerment.

You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.