Palm Coast ~ Flagler County Home Sales ~ January 2010

AddressPriceLivingSqFtPrice Per Sq FtBedsBathsNeighborhoodPoolLocationType Of Sale
16 PEBBLE STONE LN$125,5002120$59.2042Belle TerreNoBank Sale
20 EMPRESS LN$130,0002256$57.6232Cypress KnollNoShort Sale
24 ETHEL LN$275,0003064$89.7543Cypress KnollYes
31 ESSEX LN$208,0002847$73.0653Cypress KnollNoShort Sale
33 ELLINGTON DR$175,0002321$75.4043Cypress KnollNoGolf CourseShort Sale
5 LAURA CT$383,0002819$135.8633Forest ParkYes
2023 S CENTRAL AVENUE$140,000784$178.5721FuquayNoOcean ViewShort Sale
16 N VILLAGE DR$415,0002814$147.4833Grand HavenYesLake
18 FLAMINGO CT$155,0001902$81.4932Grand HavenNoLakeBank Sale
43 EASTLAKE DR$290,0002576$112.5833Grand HavenNoGolf CourseBank Sale
44 CROSSTIE CT$205,0001768$115.9532Grand HavenNo
5 PLAYERS CIRCLE$275,0002035$135.1432Grand HavenYes
310 GRAND LANDINGS PKWY$499,9002686$186.1133Grand LandingsYesLake
3 ARROWHEAD DR.$162,5001670$97.3132Hidden LakesNo
317 CONNECTICUT AVE$125,000984$127.0321HillcrestNo
1 BRUNING LN$137,9002386$57.8032Indian TrailsYesBank Sale
125 BEECHWOOD LN$70,0001248$56.0922Indian TrailsNo
155 BIRD OF PARADISE DR$130,0002890$44.9842Indian TrailsNoShort Sale
16 BIG DIPPER LN$145,0002047$70.8432Indian TrailsNo
190 BEECHWOOD LN$65,0001670$38.9232Indian TrailsNoFresh Water CanalBank Sale
204 BIRD OF PARADISE DR$140,0002356$59.4232Indian TrailsNo
231 BEACHWAY DRIVE$115,0001247$92.2232Indian TrailsNo
24 BUFFALO BILL DR$92,0001520$60.5332Indian TrailsNo
3 BICKSHIRE LN$165,0002100$78.5742Indian TrailsNo
32 BAINBRIDGE LN$120,0002118$56.6632Indian TrailsNoShort Sale
37 BRACKEN LANE$114,0001465$77.8233Indian TrailsNo
38 BUFFALO PLAINS LN$105,0001800$58.3332Indian TrailsNoShort Sale
16 W LAKE SIDE PL$255,0002117$120.4532Indian TrailsYes
79 BIRCHWOOD DR$84,9001438$59.0432Indian TrailsNoBank Sale
17 RIVIERA ESTATES CT$112,0001961$57.1142Lehigh WoodsNoFresh Water CanalShort Sale
112 RAEMOOR DR$125,0001559$80.1832Lehigh WoodsNo
16 ROLLAND LN$115,0001840$62.5032Lehigh WoodsNoShort Sale
21 ROCKWELL LN$149,9501867$80.3232Lehigh WoodsNo
23 ROUND TREE DR$110,0003012$36.5242Lehigh WoodsNoShort Sale
32 RIDLEY LN$120,0002252$53.2942Lehigh WoodsNoBank Sale
33 REIDSVILLE DR$130,0002706$48.0432Lehigh WoodsNoShort Sale
36 RANDOLPH DR$128,0002252$56.8442Lehigh WoodsNoShort Sale
40 RED BIRCH DR$120,0002362$50.8032Lehigh WoodsNoBank Sale
61 RAINTREE CIR$165,0001641$100.5522Lehigh WoodsNo
7 RYKEN LN$133,0002013$66.0732Lehigh WoodsNo
79 RAE DR$150,0001748$85.8142Lehigh WoodsNo
95 RAINTREE CIR$120,0001636$73.3532Lehigh WoodsNoLakeBank Sale
29 MOODY DRIVE$225,0001584$142.0533Marineland AcresYes
13 LOUISBURG LN$135,0002180$61.9343Matanzas WoodsNoShort Sale
17 LEWIS SHIRE PLACE$130,0002071$62.7742Matanzas WoodsNoShort Sale
31 LOUISANA DRIVE$165,0002061$80.0632Matanzas WoodsNo
65 LEMA LANE$216,0001997$108.1632Matanzas WoodsYesGolf Course
3171 N OCEANSHORE BLVD$430,0002850$150.8853Northern PeninsulaNoOcean
3018 PAINTERS WALK$550,0002466$223.0332Painters WalkYesIntracoastal
13 S CLAYMONT CT$240,0001976$121.4632Palm HarborYesSalt Water Canal
17 FLAMINGO DR.$80,0001390$57.5522Palm HarborNoShort Sale
18 FRANKFORD LN$205,0002121$96.6532Palm HarborNo
19 FERNWOOD LN$135,0001681$80.3132Palm HarborNo
24 FALLON LANE$120,0001995$60.1532Palm HarborNo
34 FARISTON PLACE$175,0002047$85.4932Palm HarborYesShort Sale
39 FENHILL LANE$125,0002256$55.4132Palm HarborNoBank Sale
6 FENIMORE LN$125,0001478$84.5732Palm HarborNo
77 FELLOWSHIP DR$205,1002434$84.2643Palm HarborNoShort Sale
78 FIELDSTONE LN$144,2501748$82.5242Palm HarborNo
19 PICKFORD DR$95,9001449$66.1832Pine GroveNoShort Sale
6 PINE CROFT LANE$116,0001716$67.6032Pine GroveNoBank Sale
11 WOOD AMBER LN$120,0002234$53.7232Pine LakesNoBank Sale
33 WESTCEDAR LN$86,9001607$54.0822Pine LakesNoBank Sale
45 WOODLAWN$60,0001372$43.7332Pine LakesNoBank Sale
47 WHITE DOVE$105,0001670$62.8732Pine LakesNoShort Sale
53 WHITE HALL DR$135,0002044$66.0542Pine LakesNoShort Sale
91 WEDGEWOOD LANE$82,0001200$68.3322Pine LakesNoFresh Water CanalBank Sale
70 BRIDGEWATER LANE$250,0002142$116.7132Plantation BayYes
85 BRIDGEWATER LN$259,0001939$133.5732Plantation BayYes
5 ZEDA PLACE$85,0001371$62.0032Quail HollowNoShort Sale
50 KARAS TRL$110,0001677$65.5932Quail HollowNoBank Sale
6 KATHRYN CT$79,5001253$63.4532Quail HollowNoBank Sale
2 AVALON TERRACE$220,0001722$127.7632Sea ColonyNoLake
29 BRISTOL LN$213,0001398$152.3632Sea ColonyNoLake
141 SECRETARY TRL$160,0002935$54.5153Seminole WoodsNo
158 UNDERWOOD$149,0003000$49.6743Seminole WoodsNoShort Sale
39 UNDERSHIRE PATH$150,0002774$54.0733Seminole WoodsNo
46 SEDERHOLM PATH$125,0002968$42.1252Seminole WoodsNoShort Sale
6 SEVEN OAKS PL$140,0002293$61.0643Seminole WoodsNoShort Sale
90 SEATTLE TRL$103,7001743$59.5042Seminole WoodsNo
27 LONGVIEW WAY$225,0002130$105.6333TidelandsYesShort Sale
5 KANAWHA COURT$114,5001722$66.4932NoShort Sale
Palm Coast ~ Flagler County Condo Sales ~ January 2010
AddressPriceLivingSqFtPrice Per Sq FtBedsBathsLocationType Of Sale
101 PALM HARBOR #C420$49,500925$53.5122Bank Sale
16 BROADMORE CIR$54,0001150$46.9622Golf CourseShort Sale
3545 CENTRAL AVENUE$69,0001100$62.7321Bank Sale
10 GREENBRIAR CT$78,0001177$66.2722Golf Course
85 LAKE FOREST PL$110,0001302$84.4922
3700 S OCEANSHORE BOULEVARD #34$176,0001100$160.0022
3580 S OCEANSHORE BLVD #702$180,0001358$132.5522Ocean,
200 CINNAMON BEACH WAY #152$325,0001684$192.9932OceanShort Sale
11 AVENUE DE LA MER #1603$350,0001490$234.9022Ocean
3651 S CENTRAL AVE #209$354,0001716$206.2932Ocean
28 PORTO MAR #101$500,0004550$109.8943Ocean
7 AVENUE DE LA MER #605$525,0002090$251.2032Ocean

Monthly Market Statistics for Hammock Beach & Yacht Harbor Marina ~ January 2010

It is very easy to do market statistics when there is zero to report on the sales side.  There were no sales of any property in Hammock Beach, Yacht Harbor Marina or Ocean Hammock in the Month of January….zip, zilch, nada.   I would say this is an indication that the properties are still overpriced in the eyes of buyers…however, there do look to be some excellent deals on condos in both Hammock Beach club and Yacht Harbor…depending…and this is a big “DEPENDING” on what the health is of the Home Owner’s and Condo Associations.

A bank owned unit listed for $114,000 at Hammock Beach Club did catch my attention…looks to be very cheap and is the least expensive unit in the complex by $55,000….but on the flip side, when you take into consideration the taxes and condo association fees the picture may not be as compelling.   Plan on paying upwards of $900 per month in Taxes and HOA dues on a unit that is priced at $114,000…seems a bit steep to me.

Palm Coast ~ Hammock Area Market Statistics ~ January 2010

Monthly Market Statistics for Hammock Beach & Yacht Harbor Marina ~ January 2010
NeighborhoodHammock Beach & Ocean Hammock HomesHammock Beach CondosYacht Harbor CondosYacht Harbor Homes
For Sale Listings
# of Total Listings398994
#Bank Owned0200
# Short Sales22060
Distressed Listings
Total # Distressed22260
% of Distressed5%25%67%0%
Pending Sales
Total # Pending31230
#Bank Owned0100
#Short Sales21030
% Distressed67%92%100%No Data
Just Sold
Total # Sold0000
# Bank Owned0000
# Short Sales0000
%DistressedNot DataNo DataNo DataNo Data
Price Statistics (Active)
Low Price$559,000 $114,000 $199,000 $895,000
High Price$3,950,000 $1,595,000 $379,000 $1,300,000
Median Price$795,000 $559,000 $289,000 $947,000
Price Statistics (SOLD)
Low PriceNo DataNo DataNo DataNo Data
High PriceNo DataNo DataNo DataNo Data
Median PriceNo DataNo DataNo DataNo Data
Price Per Sq FootNo DataNo DataNo DataNo Data
% Discount Off Last List PriceNo DataNo DataNo DataNo Data
Other Important Facts
Average Days on MarketNo DataNo DataNo DataNo Data
# Taken Off Market/Did NOT Sell3600

Palm Coast, Florida: Market Report Hammock Dunes ~ January 2010

Hammock Dunes Market Report ~ January 2010

January was a slow month for closed sales in Hammock Dunes.  O homes and 0 lots were sold while 3 condos did close sale, but at a very significant price discount and after being on the market for an average of 588 days…yikes! I want to take a closer look at the condo sales in Hammock Dunes in January due to the deep discounts off the last list price.

11 Avenue De La Mer # 1603 Hammock Dunes

A 2/2 oceanfront condo featuring 1490 living square feet sold for $350,000, a discount of $99,000 off the list price of $449,000.  That is a discount of  22% off the last listed price.  The condo was on the market for 148 days, was not a distressed sale and was advertised as in “Excellent” condition.

7 Avenue De La Mer #605 Hammock Dunes

Last listed @ $695,000 this 3/2 oceanfront condo with over 2000 sq feet of living space lingered on the market for 534 days, finally being purchased for $525,000…that is a discount of $170,ooo or 24% off the last listed price.  This condo was not listed as a distressed sale and was last sold in 2003 directly from the developer for $635,000 according to public taxrolls.

28 Porto Mar #101 Hammock Dunes

This is an interesting sale.  It is an uncompleted 4/4 condo with over 4500 living sq ft.  The unit was offered as a shell in need of cabinetry, countertops etc.  This unit was owned by the developer WCI and hung out on the market for a whopping 1082 days when it was originally listed for $1,050,000.  The last listed price was $900,000 and the unit sold this January for $500,000.  That equates to a discount of $400,000 or 44% off the last listed price…quite the savings indeed.

Other interesting factors

What I take away from this information is to not let the list price on real estate in Palm Coast ~ Flagler County dissuade you from making any offer on a home…you never know what the seller may settle for, especially on the higher end properties…it is still a very strong buyer’s market for luxury properties.

The other tidbit I decipher from this data, sellers on the upper end of the market are still listing their properties for much more than the buyer’s are willing to pay or what they are worth.  Seller’s must remember that appraisers will utilize past sales in determining current market values and these sale have set a new market standard in the value of Hammock Dunes Condos.


Hammock Dunes Market Report ~ January 2010

Monthly Market Statistics for Hammock Dunes ~ January 2010
NeighborhoodHammock Dunes HomesHammock Dunes CondosHammock Dunes Lots
For Sale Listings
# of Total Listings667448
#Bank Owned002
# Short Sales492
Distressed Listings
Total # Distressed494
% of Distressed6%12%8%
Pending Sales
Total # Pending662
#Bank Owned000
#Short Sales231
% Distressed33%50%50%
Just Sold
Total # Sold030
# Bank Owned000
# Short Sales000
%DistressedNot Data0%No Data
Price Statistics (Active)
Low Price$249,000 $209,000 $90,000
High Price$5,450,000 $2,800,000 $2,250,000
Median Price$834,000 $739,000 $529,500
Price Statistics (SOLD)
Low PriceNo Data$350,000 No Data
High PriceNo Data$525,000 No Data
Median PriceNo Data$500,000 No Data
Price Per Sq FootNo DataNo Data
% Discount Off Last List PriceNo Data33%No Data
Other Important Facts
Average Days on MarketNo Data588No Data
# Taken Off Market/Did NOT Sell623
Real Estate Market Update for Hammock Dunes - Palm Coast, Florida January 2010

Palm Coast Florida : Waterfront & Flagler Beach Real Estate Market Update ~ January 2010

Interesting little tidbit about January’s real estate stats. Check out the price discount average off of  the last list price for the OceanView/Front category. 38% off last listed price?    hmmm…that is a pretty significant discount.   So let’s dig into it a bit deeper.  There were only 2 sales in this category for January.

2023 S. Central Avenue ~ Flagler Beach, Florida

The first sale was in Flagler Beach @ 2023 S. Central Avenue. The House is small, only 784 square feet and was advertised as Oceanview.  The house was on the market for 1 day before going under contract and was sold and listed by the same company. Listed as a short sale for $164,000 the final sale price was $140,000, a discount of $24,000 or 15%.

3171 N. Oceanshore Blvd, Northern Peninsula, Palm Coast, Florida

The second sold home for January was on the Northern Peninsula and is direct Oceanfront, not just Oceanview. 3171 N. Oceanshore Blvd looks like it may have been a pretty awesome deal. With 5 Bedrooms, 3 Bathrooms and over 2800 square feet, the listings states that it can accommodate up to 20 ppl . The home also includes a Mother-in-Law suite with it’s own kitchen. It is important to point out the the house was listed as in “FAIR” condition, which is an indication that the home may require a significant amount of TLC, but with Oceanfront lots selling for what they are,  I still think this may have been an excellent buy for someone. The house was listed for $750,000, on the market for 70 days and sold for $430,000…wow. That is a discount of $320,000 or 43% off the last list price. This home was also listed and sold by the same company. This does show that even though prices have really fallen since the height of the market, list prices are still negotiable and that buyer’s are willing to step up and purchase for the right price.

Other interesting factors to consider

I do find it a bit disheartening at the lack of actual closings in January, especially considering the amount of pending sales.  As you can see, the pending sales are comprised primarily of short sales.  Many of these short sale pending homes have been pending for several months and it is appearing more unlikely that they will actually make it all the way to closing.  Pending sales during the boom period of the market were an excellent indicator of future closed sales, but not so much anymore.  I believe that pending sales numbers are still important, but are no longer a reliable benchmark to base the health of the real estate market in Palm Coast and Flagler County…in fact pending sales may be to the contrary.  These homes are off the market, but they are not actually selling…so they lead to a false inventory count.  We may see several of these currently pending properties come back on the market or continue into foreclosure and then become available at a later date as a bank owned sale.

Weekly Real Estate Market Statistics - Palm Coast Waterfront & Flagler Beach ~ January 2010
NeighborhoodSaltwater CanalsIntracoastalOceanfront/FrontFlagler Beach
For Sale Listings
# of Total Listings1307080138
#Bank Owned0202
# Short Sales185518
Distressed Listings
Total # Distressed187520
% of Distressed14%10%6%14%
Pending Sales
Total # Pending277818
#Bank Owned0001
#Short Sales195614
% Distressed70%71%75%83%
Just Sold
Total # Sold1122
# Bank Owned0010
# Short Sales0011
%Distressed0%0%100%50%
Price Statistics (Active)
Low Price$190,000 $114,000 $115,000 $73,000
High Price$2,295,000 $2,750,000 $5,450,000 $1,695,000
Median Price$399,900 $839,000 $665,500 $425,000
Price Statistics (SOLD)
Low Price$240,000 $550,000 $140,000 $125,000
High Price$240,000 $550,000 $430,000 $140,000
Median Price$240,000 $550,000 $285,000 $132,500
Price Per Sq Foot
% Discount Off Last List Price0%19%38%13%
Other Important Facts
Average Days on Market12823537
# Taken Off Market/Did NOT Sell12300