Flagler County Condo Market Update
A little late this month with the Flagler County Condo Market Update. What can I say I got busy. There are currently 379 Condos for sale in Flagler County according to The Flagler County MLS. Prices range from $35,000 for a short sale condo in Palm Pointe to $2,800,000 for a luxury Oceanfront penthouse condo in Cambria at Hammock Dunes. In the market comparisons below, I have taken all active condos for today October 18, 2011 and compared to what was available on this same date in 2010. Of note: there were more condos for sale in 2010, average days on the market was significantly higher and median list price in 2010 was actually lower. Not taking into account any other factors, this may signal some improvement in market conditions. This fits with what I have been seeing. Great prices, more buyers, lower inventory and properties selling quicker…..yep, you got it now is the time to buy!
Market Snapshot Active Flagler County Condos
October 18th, 2011
- 379 Active Condos
- Average days on Market 268
- Average List Price $322,990
- Median List Price $239,900
Market Snapshot Active Flagler County Condos
October 18th, 2010
- 480 Active Condos
- Average days on Market 406
- Average List Price $293,176
- Median List Price $219,900
Geek Alert: What is the difference between Average and Median Price? Average Price is figured by adding all prices together and dividing by the number of condos. Median is the exact middle number that exists in a set of chronological data, in this case list prices. Both figures are measures of the middle trend of a group of numbers, when you have a set of extremes such as $35,000 – $2,800,000 average can be skewed. In many cases median is a better indicator of the middle.
| Condo Prices & Sales September 2011 |
# Condos for Sale | # New Listings | # Pending | # Sold | # Distressed Sales | Avg List Price | Avg Sale Price |
|---|---|---|---|---|---|---|---|
| Aliki | 8 | 0 | 0 | 0 | n/a | $243,900 | n/a |
| Bev Bch Oceanside | 1 | 1 | 3 | 0 | n/a | $375,000 | n/a |
| Canopy Walk | 7 | 1 | 2 | 0 | n/a | $222,536 | n/a |
| Cinnamon Beach | 16 | 1 | 6 | 4 | 2 | $410,988 | $287,750 |
| Grand Haven Riverclub | 6 | 0 | 0 | 0 | n/a | $294,500 | n/a |
| Grand Haven Riverview | 3 | 1 | 0 | 0 | n/a | $149,167 | n/a |
| Hammock Beach Club | 20 | 3 | 1 | 0 | n/a | $551,079 | n/a |
| Hammock Beach Ocean Towers | 7 | 0 | 1 | 1 | 0 | $745,714 | $600,000 |
| Hammock Beach Villas | 8 | 0 | 2 | 2 | 2 | $272,038 | $212,500 |
| Hammock Dunes-Cambria | 6 | 1 | 0 | 0 | n/a | $1,230,817 | n/a |
| Hammock Dunes-Casa Bella | 12 | 0 | 0 | 0 | n/a | $453,733 | n/a |
| Hammock Dunes-La Grande | 11 | 1 | 1 | 1 | 0 | $438,164 | $485,000 |
| Hammock Dunes-Le Jardin | 4 | 1 | 0 | 0 | n/a | $2,257,500 | n/a |
| Hammock Dunes-Portofino | 6 | 0 | 0 | 1 | 0 | $1,248,833 | $750,000 |
| Hammock Dunes-Savona | 5 | 0 | 0 | 0 | n/a | $583,000 | n/a |
| Hammock Dunes-Tuscany | 10 | 0 | 1 | 1 | 0 | $931,370 | $760,000 |
| Hammock Dunes-Viscaya | 2 | 0 | 0 | 0 | n/a | $268,750 | n/a |
| Harborside Village | 7 | 0 | 0 | 0 | n/a | $158,086 | n/a |
| Marina Bay | 6 | 1 | 0 | 0 | n/a | $277,983 | n/a |
| Marina Cove | 12 | 2 | 2 | 0 | n/a | $241,367 | n/a |
| Ocean Beach Club | 5 | 0 | 2 | 1 | 0 | $158,780 | $142,500 |
| Ocean Marina | 5 | 1 | 1 | 1 | n/a | $141,398 | $112,000 |
| Ocean Palm Villas | 6 | 1 | 0 | 0 | n/a | $100,633 | n/a |
| Ocean View Manor | 4 | 0 | 0 | 0 | n/a | $162,975 | n/a |
| Palm Coast Resort | 22 | 0 | 0 | 0 | n/a | $252,414 | n/a |
| Palm Pointe | 15 | 2 | 3 | 2 | 1 | $60,173 | $43,800 |
| South Beach | 3 | 0 | 0 | 0 | n/a | $301,267 | n/a |
| Surf Club | 24 | 9 | 5 | 1 | 0 | $326,646 | $175,000 |
| Tidelands | 17 | 3 | 5 | 6 | 4 | $118,785 | $118,633 |
| Waterside | 1 | 0 | 1 | 2 | 0 | $234,900 | $270,000 |
| Yacht Harbor Village | 4 | 0 | 0 | 0 | n/a | $288,250 | n/a |
If you are looking to sell your condo in Flagler County call us or email us we are always available to deliver an accurate and thorough market analysis. Also, The Orak Team has extensive short sale experience. We have worked with sellers on strategic defaults, short sales with 2 mortgages and sellers trying to hold on to their homes. If you are upside down on your mortage like millions of other Americans contact The Orak Team, we can help.