It is very easy to do market statistics when there is zero to report on the sales side.  There were no sales of any property in Hammock Beach, Yacht Harbor Marina or Ocean Hammock in the Month of January….zip, zilch, nada.   I would say this is an indication that the properties are still overpriced in the eyes of buyers…however, there do look to be some excellent deals on condos in both Hammock Beach club and Yacht Harbor…depending…and this is a big “DEPENDING” on what the health is of the Home Owner’s and Condo Associations.

A bank owned unit listed for $114,000 at Hammock Beach Club did catch my attention…looks to be very cheap and is the least expensive unit in the complex by $55,000….but on the flip side, when you take into consideration the taxes and condo association fees the picture may not be as compelling.   Plan on paying upwards of $900 per month in Taxes and HOA dues on a unit that is priced at $114,000…seems a bit steep to me.

Palm Coast ~ Hammock Area Market Statistics ~ January 2010

Monthly Market Statistics for Hammock Beach & Yacht Harbor Marina ~ January 2010
NeighborhoodHammock Beach & Ocean Hammock HomesHammock Beach CondosYacht Harbor CondosYacht Harbor Homes
For Sale Listings
# of Total Listings398994
#Bank Owned0200
# Short Sales22060
Distressed Listings
Total # Distressed22260
% of Distressed5%25%67%0%
Pending Sales
Total # Pending31230
#Bank Owned0100
#Short Sales21030
% Distressed67%92%100%No Data
Just Sold
Total # Sold0000
# Bank Owned0000
# Short Sales0000
%DistressedNot DataNo DataNo DataNo Data
Price Statistics (Active)
Low Price$559,000 $114,000 $199,000 $895,000
High Price$3,950,000 $1,595,000 $379,000 $1,300,000
Median Price$795,000 $559,000 $289,000 $947,000
Price Statistics (SOLD)
Low PriceNo DataNo DataNo DataNo Data
High PriceNo DataNo DataNo DataNo Data
Median PriceNo DataNo DataNo DataNo Data
Price Per Sq FootNo DataNo DataNo DataNo Data
% Discount Off Last List PriceNo DataNo DataNo DataNo Data
Other Important Facts
Average Days on MarketNo DataNo DataNo DataNo Data
# Taken Off Market/Did NOT Sell3600