Avg Price: $305,569
Low: $82,900
High : $1,800,000
Volume: $366,683,160
Closing after 5/1/08: 132
Avg list price: 216,386
Avg sold price: $200,162
Low list: $69,900
Low sold: $59,000
High list: $899,900
High sold: $800,000
Price Differential Sold to list: 92.5%
Avg DOM: 148
# SFR Short Sales: 410
Closing on or after 5/1/08: 16
Average list price: 169,969
Avg. sale price: 153,281
Lowest list price: 115,000
Lowest sale price: $113,000
High list price: $279,900
High Sale price: $245,000
# Lender Owned: 92
In searching the Palm Coast residential building permit records on the Palm Coast City website I found that 16 new construction permits were pulled between 5/11/08 and 6/11/08. The average value listed was $210,039 and the average size 2242 sf living.
An article dated May 16, 2008 in the Orlando Business Journal stated that Commercial Alliance Group purchased 31 condominiums from Centex homes for $9.9 million. Commercial Alliance Group is a Sanford, FL based real estate development and financial services firm. To read the article click here.
The following is an article from Realtor Magazine Online:
The fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau.
Dallas-Fort Worth added more than 162,000 residents between July 2006 and July 2007, more than any other metro area. Three other Texas cities — Houston, Austin, and San Antonio — also were in the top 10.
Experts credit much of the growth in the South to strong local economies and housing prices that are among the most affordable in the United States.
A report earlier this month by Global Insight found that housing prices in the Dallas area were undervalued by as much as 30 percent.
Other areas experiencing growth included the New Orleans area, which is recovering from Hurricane Katrina and grew by 4 percent or nearly 40,000 people. During the same survey last year, the population of New Orleans dropped by nearly 290,000 people.
Meanwhile, Detroit lost more than three times as many people as any other metro area — its population declined more than 27,300. Other areas losing more than 5,000 people were Pittsburgh, Cleveland, Columbus, Ga., Youngstown, Ohio, and Buffalo, N.Y.
The 10 biggest gainers:
Dallas-Fort Worth-Arlington, Texas: 162,250
Atlanta-Sandy Springs-Marietta, Ga.: 151,063
Phoenix-Mesa-Scottsdale, Ariz.: 132,513
Houston-Sugar Land-Baytown, Texas: 120,544
Riverside-San Bernardino-Ontario, Calif.: 86,660
Charlotte-Gastonia-Concord, N.C.-S.C.: 66,724
Chicago-Naperville-Joliet, Ill.-Ind.-Wis.: 66,231
Austin-Round Rock, Texas: 65,880
Las Vegas-Paradise, Nev.: 59,165
San Antonio, Texas: 53,925
The 10 fast-growing metro areas
Palm Coast, Fla.: 7.2 percent
St. George, Utah: 5.1 percent
Raleigh-Cary, N.C.: 4.7 percent
Gainesville, Ga.: 4.5 percent
Austin-Round Rock, Texas: 4.3 percent
Myrtle Beach-Conway-N.C.-Myrtle Beach, S.C.: 4.2 percent
The Volusia County Parade of Homes began March 29, and will continue through April 6th. Model homes are open Monday to Saturday 10 am - 6 pm, and Sunday noon to 6pm. The Showcase home is located in Plantation Bay, built by ICI Homes. There are 59 properties to see.
For more information you can find a guide book at any Volusia County SunTrust Bank location or in the March 29th issue of the Daytona Beach News Journal.
The Department of Financial Services in Florida has developed a program to help Florida homeowners to strengthen their homes against hurricane damage. The program offers free wind inspections by qualified hurricane mitigation inspectors. This program may make you eligible to receive insurance discounts.
**Act now if you are interested in asking advantage of this opportunity because the My Safe Florida Home Program is on a first come first serve basis. They are estimating that they may top taking grant applications by May 1, 2008 if the rat of application continue.**
Who is eligible?
Any Floridian who resides in a SFR, detached, site built home.
Properties not eligible include mobile homes, apartments, condos, multi-family dwellings, & businesses.
What will the inspection tell me?
The report must:
Outline improvements that may be made to your home to increase resistance to hurricane wind damage.
Provide an estimate of how much each improvement would cost to complete.
Provide an estimate of insurance discounts that may be available. (If you provided insurance information at the time you applied.)
Offer a hurricane resistance rating that shows the home’s current ability, and future ability with improvements, to withstand hurricanes.
What improvements are eligible for a grant?
Protecting openings (windows, gable vents and skylights)
• Protecting exterior doors
• Replacing your garage door with an impact-resistant garage door
• Bracing gable ends in your roof
If you choose to protect your openings, but can’t afford to do everything, you must complete an improvement category:
1. If you choose to protect your windows, you must protect all windows. This includes gable vents.
2. If you choose to protect your exterior doors, including sliding glass doors, you must protect all exterior doors.
3. Replacing your garage door with an impact-resistant door or bracing an already hurricane-rated garage door to make it impact-resistant is a stand-alone item.
4. Replacing skylights with an impact-rated skylight is a stand-alone item.
NOTE: If bracing of gable ends is not identified by the Department’s wind inspection, but is identified as necessary by a participating contractor, the Department will disburse funds for bracing gable ends with physical proof, such as photographs or video, a copy of the building permit when applicable to do this improvement and upon re-inspection by the Department.
Low income residents who can not afford to make the repairs:
The My Safe Florida Home program is working with local governments and the Volunteer Florida Foundation to offer low-income homeowners an opportunity to strengthen their homes against natural disasters without out-of-pocket expenses. Low-income homeowners can also apply directly with the My Safe Florida Home program for a non-matching grant, but the homeowner will have to pay the contractor before being reimbursed.
If I am unable to deploy my hurricane shutters because of age or medical condition, may I apply for a grant to upgrade my shutters?
Yes, but you must submit a letter from your physician, on his/her office letterhead, documenting the medical necessity for the upgrade. For more information, click on the following link MEDICAL EXEMPTION INFORMATION.
This information was received from http://www.mysafefloridahome.com. For more detailed information please visit this site.
