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Real Estate Snap Shot For September 2013

Posted by on in Flagler County
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Office Update

RE/MAX Flagstaff continues to be in the top 15 in the Flagler County Association of Realtors with 116 transactions and $13,714,013 in sales volume. Productivity per agent is an outstanding $2,742,800

Way to go RE/MAX Flagstaff Team!!!

Flagler County Real Estate Update


 

Single Family Residential

There were 153 Single Family Residential sold in September with a Median Price of $150,000. The number of sales has declined over the past 5 months while total inventory has increased during the same time frame. The good news is Median Price has held and even increased. The Median Price for the past three quarters 1st quarter – Median Price $132,670 2nd quarter – Median Price $141,750 3rd quarter Median Price $150,000. A 12% increase in the first 9 months of the year.

The majority or 59% of single family residential sold were between $100,000 and $199,999. The next largest group was the $200,000 to $299,999 range with 15% of the total number sold. In the luxury market, $500,000 and higher, there were a total of 3 sold in September and a total of 46 for the year or less than 3% of the total market.

Distress sales made up 31% of the total sold for single family residential. That number has been declining through-out the year with most of the decline coming from short sales. (see chart below) Currently there are only 38 short sale single family residential currently on the market. Most of the short sales are in a pending status, under contract, awaiting bank approval.


Condos

Sales dipped again this month with 28 sales, but continue to be steady with an average of 29 units sold a month. Median Price jumped to $270,750 due to the 5 sales over $700,000 one being $1.6 million. The Median Price is the price in the middle of the least expensive and the most expensive of the properties sold. The average price of condos sold was $342,740.

The low sales price was in The Village that sold at $48,800. This unit originally sold for $40,900 in 1985.

The high sales price was in Hammock Dunes - Le Jardi which sold for $1.6 million, cash sale! The unit original sold for $1.3 million in 2009.

Every month I scan the sold properties looking for the least disirable and most disirable home sold. I dubbed them the DOG of the month and the PEACH of the month.

Jimmy's Picks of the Month!

DOG of the Month


The dog of the month is 32 Farragut Dr. A 2 bedroom, 2 bath with 1162 living square feet and 1 car garage. It sold on June 1, 1996 for $60,000. The last sale was on Sept 30, 2013 when it sold for $50,000 as a bank owned property.

PEACH of the Month


The peach the month is 26 Ocean View Circle. 4 bedrooms, 3.5 bath rooms, 2 car garage, with 2,480 living square feet built in 2005. It sold for $566,000 on 9/17/2013.

Whether you are thinking of buying your dream home or that investment property think of us, RE/MAX Flagstaff, your preferred RE/MAX office. www.RMFlagstaff.com


 

Jimmy & Annette


 

Snap shot for September 2013 Month over Month for all sales

Listings

Aug

Sept

% Difference

Residential

800

849

+ 6%

Condos

227

239

+ 6%

    

Sales

Aug

Sept

% Difference

Residential

173

152

-13%

Condos

34

28

-18%

    

Medium Price

Aug

Sept

% Difference

Residential

$145,000

$149,950

+ 4%

Condos

$174,750

$270,750

+ 36%

    

Days on Market

Aug

Sept

% Difference

Residential

89

88

- 1.5%

Condos

120

187

+ 36%


 

The below Table shows a month-to-month and year-over-year comparison of single family home sales for years 2011, 2012 and 2013.

Median prices are Fair Market Prices, distressed properties removed. 

 

2013

 

2012

2011

2013

over

2012

2013

over

2012

 

Total Sales/ Non-Distressed

Median Price

Total Sales/ Non-Distressed

Median Price

Total Sales/ Non-Distressed

Median Price

Sales

Year over Year

Median Price

Year over year

January

115/65

$178,125

123/52

$139,500

80/37

$155,000

-7%

+22%

February

150/84

$150,000

145/74

$146,000

94/37

$122,250

+3%

+3%

March

191/112

$147,250

187/93

$128,000

119/48

$161,500

+2%

+13%

April

203/124

$165,000

183/79

$162,900

153/56

$147,500

+10%

+1%

May

181/123

$178,000

209/115

$153,900

153/70

$154,750

-13%

+13%

June

173/111

$169,900

194/90

$135,000

183/82

$147,750

-11%

+21%

July

220/143

$173,000

188/96

$143,500

167/86

$143,750

+15%

+18%

August

173/118

$157,250

171/101

$150,000

131/72

$149,500

+2%

+5%

September

153/105

$165,000

151/93

$150,000

141/59

$128,000

+1%

+10%

 

October

  

157/78

$158,750

127/61

$146,000

  

November

  

143/68

$146,000

129/61

$140,000

  

December

  

160/82

$138,500

141/59

$160,000

  


 

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