Wow…just wow. Looking at Palm Coast vacant lot sales it is easy to see why home values have plummeted in Palm Coast and Flagler County. I have always been a firm believer that houses have not lost their value but the dirt they sit on has fallen off the price cliff. It is important to pay attention to these numbers as they are an excellent indicator of the health of our local market. It is my opinion that communities with an abundance of vacant lots will continue to struggle with price decreases, especially those with homeowner’s association fees that may prove to be creating white elephant scenarios in many gated Palm Coast communities.

Palm Coast Sold Lots ~ January Report

AddressPriceNeighborhoodLocationType of Sale
72 ULYSSES TRL$9,300Seminole WoodsFresh Water Canal
6 BARRISTER LN$15,000Indian TrailsShort Sale
700 MAHOGANY RUN$16,000ConservatoryReserved Area
56 FALLEN OAK LN$20,000Palm Harbor
19 EASTMOOR LN$27,000Cypress KnollShort Sale
18 N LAKEWALK DRIVE$48,500Palm Coast PlantationLake
98 FRONT STREET$70,000Grand HavenLake
366 OCEAN CREST DRIVE$415,002Ocean HammockOcean View & Golf Course