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Posted by on in Uncategorized
If you have decided on Flagler County, and you have your heart set on buying a house here, there are some things you should give consideration to. Of course if you are a young family, purchasing a home near the schools your child will attend is very important. Perhaps purchasing near the Town Center is also going to be advantageous because so many events take place there. The fireworks for Independence Day, parades, Santa Claus' visit and more take place in the Town Center and the movie theater is there.

canalAnother consideration is lifestyle. Are you moving here because you love the beach? Then Hammock Dunes or Flagler Beach are possibilities for you. Hammock Dunes offers an upscale Florida lifestyle and unparalleled waterfront living. Flagler Beach is a thriving art and surf community with a funky style and fun attitude.

You may want to live near the church of your choice or one of the many special interest clubs like the Italian-American Club or the VFW. Being near one of the public swimming pools or workout centers may also appeal to you. There is a lot to think about and a lot to decide on. The best part is, wherever you are in Flagler County, the rest of the amenities are not far away.

We truly believe that Flagler County offers the best in Florida living due to its abundance of natural resources, clement weather, friendly people, and modern amenities.  We think you'll be very happy here! We know we are!

If you'd like to see listings in Flagler County, be sure to visit our website at JimmyandAnnette.com . Or learn more about the area by visiting our Pinterest Boards or our Facebook page!

 
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Posted by on in Uncategorized

Sun Tzu

“Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.” 
― Sun TzuThe Art of War
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ImageThere have been 10 more single family house entered as sold in the local Multiple Listing System.  That brings the total number sold for the month of May to 191 and the Median Price to $137,000.  There are fewer single family houses on the market, down to 748 from 763 earlier this month.

For all you real estate needs contact Jimmy and Annette with RE/MAX Flagstaff. www.JimmyAndAnnette.com or www.RMFlagstaff.com

Image

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Posted by on in Uncategorized
"You are the average of the 5 people you surround yourself with"
Jim Rohn
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Posted by on in Uncategorized

I hear it all the time, "How's The Market?" my response is, "What are you looking to do?" "Sell, Buy, or Invest?" All three areas of the market are doing well. If you are looking to sell, there are a lot of buyers out there looking to buy. Keep in mind sales prices are reflecting prices from the early 2000's. If you are looking to buy, there hasn't been a better time in the history of the housing industry. Interest rates are still historically low and home affordability has never been better. If you are looking to invest, rent rates are increasing and rentals are harder to find. Buy, Improve and Hold is the investment strategy I would recommend to anyone looking at real estate today.

With home values reflecting prices from the early 2000's we have 10 years' worth of appreciation equity built-in to the home purchase. For instance a home bought in 2002 for $175,000 with an average of 3% appreciation a year should be valued at $235,185 today. The 3% annual increase has been a national average for decades. But today's market is the result of the real estate bubble rise and fall. Our fall has been greater than our rise, where we went up 54% it has come down 58%. That is a small difference but it is in the buyer's favor, especially the buyer investor.

To see the ten year sales price graph for Palm Coast Click Here.

Rent rates for the area have been going up due to high demand for rental property. It is the down side to the market for those who bought between 2005 and 2008, and are not able to sell their homes without a loss. If those buyers lost their job or had one of the sub-prime loans, they either sold as a short sale or lost the home to the bank. Those owners still need someplace to live and the rental market is the only option. This window of opportunity won't last much longer. Most reporting agencies are seeing lower defaults and fewer delinquencies.

Threat of Shadow Inventory Fades as Delinquencies, Foreclosures Decline

Housholds Stay out of Financial Distress

Investors see shrinking window to buy REOs

Both Jimmy & Annette earned the OwnAmerica Investment Certification and joins the OwnAmerica Network, a national affiliation of real estate investment specialists. This move allows Jimmy & Annette to offer analysis tools, tutorials and a video training series to clients during one of the biggest real estate investment booms in history. We will be scheduling real estate investment seminars starting in January 2013.

Values for Flagler County non-distressed properties continue to increase, very slight but an increase. Medium Price for sales in the past 12 months have gone from $145,000 for the prior 7 – 12 months, $144,000 for the prior 4 – 6 months and $152,750 for the past 3 months. Distressed property sales showed slight increases as well, see chart below. October sales had a higher than average number of distressed sales, with over 50% of sales being distressed.



 

Inventory has declined throughout the year, until October. In September there were 714 Single Family Residential homes on the market, In October there were 840. That still has a good absorption rate of 5 months of inventory on the market, a balanced market will have 6 months of supply.

Snap shot for October Year over Year

Listings

2012

Absorption

Rate

Residential

840

5.0

Months

Condos

243

7.8

Months

    

Sales

2012

2011

% Difference

Residential

154

127

+17%

Condos

34

25

+13%

    

Medium Price

2012

2011

% Difference

Residential

$130,000

$124,000

+4%

Condos

$108,000

$115,000

-6%

    

Days on Market

2012

2011

% Difference

Residential

113

138

-22%

Condos

204

171

+16%


 

The below Table shows a month-to-month and year-over-year comparison of single family home sales for years 2010, 2011 and 2012.

Median prices are with distressed properties removed. 

 

2012

 

2011

2010

 

Total Sales/ Non-Distressed

Median Price

Total Sales/ Non-Distressed

Median Price

Total Sales/ Non-Distressed

Median Price

January

119/50

$145,500

80/37

$155,000

84/40

$160,000

February

143/72

$146,250

94/37

$122,250

68/32

$189,750

March

183/92

$126,500

119/48

$161,500

135/76

$150,000

April

178/79

$162,900

153/56

$147,500

156/74

$161,250

May

208/113

$155,000

153/70

$154,750

120/50

$155,000

June

179/84

$135,000

183/82

$147,750

145/75

$165,000

July

189/99

$145,000

167/86

$143,750

101/45

$178,280

August

168/99

$150,000

131/72

$149,500

120/51

$185,000

September

142/89

$155,000

141/59

$128,000

124/56

$167,750

 

October

152/73

$131,000

127/61

$146,000

122/57

$145,000

November

  

129/61

$140,000

94/48

$145,000

December

  

141/59

$160,000

96/42

$166,250


 

To see a complete list of homes for sale visit our web site at www.RMFlagstaff.com

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CoreLogic: Fla. leads the nation with 11% of homes in foreclosure inventory - but second-highest year-to-year decline. Read more.

As we slowly come out from under the weight of distressed properties we will see price increases eventually.  What are your thoughts on price increases?

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Study: Listings on broker websites more comprehensive, accurate and timely than non-broker home listing websites. Read more.

 

Is this really news?  What do you think?

 

 

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Check out the city web site http://palmcoastgov.com/resident/communityevents/ for a schedule of activities.

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Posted by on in Uncategorized

 

 

Listings

2012

2011

% Difference

Residential

1191

1646

-28%

Condos

399

593

-33%

 

 

 

 

Sales

2012

2011

% Difference

Residential

159

131

+18%

Condos

26

24

+2

 

 

 

 

Medium Price

2012

2011

% Difference

Residential

$119,000

$122,000

-3%

Condos

$109,900

$143,500

-24%

 

 

 

 

Days on Market

21012

2011

% Difference

Residential

112

240

-54%

Condos

144

217

-34%

 

For a detailed review of the housing market visit our BLOG. For current information on the active market visit our company web site.

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