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Welcome to 2013!

Posted by on in Flagler County
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Welcome to 2013!  All of us with RE/MAX Flagstaff are wishing you and yours a Happy, Healthy and Prosperous year for 2013.

The first month of the New Year is nearly over and it’s time to look back on the real estate market. 

Our sales have been climbing since 2007, with a low of 1,223 single family residents sold.  To a high in 2012 with 2,011 single family residential sold.  That is a 41% increase in sales over the past 5 years. 

Can’t say the same with median price, in 2007 the median price for the year was $213,950.  In 2011 the median price was $119,000, a 44% drop over those 4 years.  At the end of 2012 the median price was $122,200 a 3% increase over 2011. 

The overall housing market for 2012 was better than 2011, with Single Family Homes leading the way.  Condo/Townhouses are still lagging behind and should level out in 2013.  Inventory has been a big factor for both of these sectors. Single Family Homes declined from over 1,000 in January 2012 to less than 840 in December 2012. Condo/Townhouses saw the same drop with close to 400 in January to just over 200 in December 2012.  The low inventory sparked an increase of new construction permits for the year with 240 single family homes permits pulled in the county in 2012.

Single Family Homes

  • Number of Sales of Single Family Homes up 19%
  • Average Sales Price of Single Family Homes down less than 1%
  • Median Price of Single Family Homes up 3%
  • Average Days on Market down 48%

Condos/Townhouses

  • Number of Sales of Condo/Townhouses up 17%
  • Average Sales Price of Condo/Townhouses down 15%
  • Median Price of Condo/Townhouses down 6%
  • Average Days on Market of Condo/Townhouses down 51%

With the positive ending of 2012 we anticipate 2013 to much of the same if not better.  We’ll keep you posted on the real estate trends in Flagler County.  If you hear anything or have a question don’t hesitate to call or email.

When you think of buying, selling or investing think of us, RE/MAX Flagstaff, your preferred RE/MAX office.

Jimmy & Annette

Broker/Owners

386-931-0487 - Jimmy

386-931-0485 - Annette

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