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Condo Market Update Palm and Flagler Beach

Cinnamon Beach Condos

Cinnamon Beach Condos

Palm Coast Condo Market

I have been slacking off on the blog for the last few months, I have no excuses.  So time to get busy and run the numbers on the Flagler County condo market.

Without even looking at Palm Coast Real Estate market conditions and numbers I know from our experience in the last few months that inventory is very low in many Palm Coast communities and in some cases prices have actually, begun to increase ever so slightly. In Tidelands for example there have been 15 condo sales since January 1 of this year with only 7 Tidelands condos for sale today with prices from $91,000 – $284,000.

Is it time to buy a condominium in Palm Coast?

People constantly ask the question is now the time to buy?  I would say unequivocably, absolutely yes. Interest rates are still at historic lows and there are still some good deals to be had, bank owned, short sales and just plain motivated sellers. One other note about the “good deals” if it is a great price and a good value be prepared to make an offer because if you don’t someone else will. The days of sitting on the sidelines waiting for the price to drop are gone….these deals are being snapped up at a record pace.

I was recently interviewed by the Daytona Beach News Journal feel free to check it out the article on Flagler County Condo Market Conditions.

Palm Coast and Flagler Beach Condo Market Statistics

And now the numbers, remember these numbers are reliable but not guaranteed. The active links in the table will take you to current active listings in each of the Flagler County Condo Communities where there are active listings. You may see in some cases a higher number in the table below than in the results you get on each page. This is because the listings come from IDX (Internet Data Exchange). Most brokers feed their listings to the IDX some do not. I will be posting in the near future on IDX and what it means to you as a buyer or a seller.  If you would like a complete list emailed to you simply send us an email at info@PalmCoastHomesForSale.net and we will make sure you have the most up to date list of condos for sale.

Condo Prices & Sales
4/1/12-5/24/12
Condos For Sale New Listings New Pending Sold # Distressed Sales Avg List Price Avg Sale Price
Aliki 3 0 1 0 n/a $214,666 n/a
Bev Bch Oceanside 0 0 0 1 1 n/a $335,000
Canopy Walk 12 3 3 0 n/a $225,442 n/a
Cinnamon Beach 24 6 3 3 3 $477,958 $388,000
Grand Haven-Riverclub 4 0 0 0 n/a $277,675 n/a
Grand Haven-Riverview 0 0 2 1 0 n/a $193,000
Hamm Bch Club 18 3 4 0 n/a $611,128 n/a
Hamm Bch Ocean Tower 14 1 3 2 0 $669,929 $575,000
Hamm Bch Villas 9 0 4 0 n/a $258,522 n/a
Hamm Dunes-Cambria 4 1 1 1 0 $1,327,500 $750,000
Hamm Dunes-Casa Bella 12 1 0 0 n/a $408,983 n/a
Hamm Dunes-La Grande 8 1 2 1 0 $454,350 $295,000
Hamm Dunes-Le Jardin 5 0 0 0 n/a $2,304,800 n/a
Hamm Dunes-Portofino 8 0 0 0 n/a $914,750 n/a
Hamm Dunes-Savona 6 0 0 0 n/a $583,317 n/a
Hamm Dunes-Tuscany 4 2 5 3 2 $886,950 $669,667
Hamm Dunes-Viscaya 3 0 0 0 n/a $304,333 n/a
Harborside Village 3 1 1 0 n/a $136,632 n/a
Marina Bay 5 2 0 0 n/a $230,700 n/a
Marina Cove 9 2 5 4 2 $271,922 $171,000
Ocean Beach Club 2 0 1 1 0 $160,450 $117,000
Ocean Marina 5 2 2 2 1 $121,580 $119,000
Ocean Palm Villas 2 1 2 4 0 $101,250 $97,000
Ocean View Manor 6 4 0 1 0 $165,217 $85,000
Palm Coast Resort 8 4 1 0 n/a $258,863 n/a
South Beach 2 0 0 0 n/a $255,000 n/a
Surf Club 12 11 8 8 0 $313,729 $262,125
Tidelands 7 2 10 4 3 $166,750 $120,188
Waterside 2 0 0 0 n/a $299,000 n/a
Yacht Harbor Village 6 0 1 0 n/a $283,667 n/a

As always enjoy this post and visit us at www.PalmCoastHomesForSale.net.

 

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