Restaurants and shops doing well but residential condo owners are struggling. Integrated Resorts is apparently out as condo/hotel operator with no replacement in sight. Palm Coast, FL – June 7, 2008 – Another chapter in Palm Coast’s European Resort saga begins as Integrated Resorts, the company hired by developer Peter Roehr to manage the resort […]
Vessel fees are going up July 1st and the on-line tax certificate auction was much more successful than some other Florida Counties. Palm Coast, FL – June 6, 2008 – I received two unrelated pieces of information from the Flagler County Tax Collector’s office today. Most important, the recently completed on-line tax certificate auction was […]
Two more bank locations appear to be in the works – both in Town Center. Palm Coast, FL – June 5, 2008 – Whatever research banks do to decide where to open additional branches, they keep coming up with Palm Coast, FL as an ideal market. Apparently, they think Palm Coast and Flagler County are […]
Not surprising, California, Florida, Nevada, and Arizona lead the list. Palm Coast, FL – June 5, 2008 – The Mortgage Bankers Association (MBA) released their quarterly report on mortgage delinquencies and foreclosures today. Once again this quarter, the rate of foreclosure starts and the percent of loans in the process of foreclosure are the highest […]
This week, Flagler County Commissioners and Palm Coast City Council approve moving projects to the next step. Palm Coast, FL – June 4, 2008 – Two local projects moved forward this week in separate actions by the Palm Coast City Council and Flagler County Board of Commissioners. Monday, county commissioners approved a minor amendment […]
How long can sellers bury their heads in the sand before they have to come up for air? Palm Coast, FL – June 3, 2008 – It’s said that sellers are the last ones to know the market has dropped. By most measures, the Palm Coast, Flagler County housing market peaked in the summer of […]
Models may have never been lived in but they are not new either. Palm Coast, FL – June 2, 2008 – Most home builders erect model homes to showcase their plans, workmanship, and available upgrades in the best light. They usually recycle these homes within a few years to keep their model inventory fresh and […]
Now it’s up to the taxing authorities to deal with; reduced services, increased millage, or both. Palm Coast, FL – June 2, 2008 – Flagler County Appraiser, Jay Gardner, filed preliminary 2008 tax rolls today. Not surprisingly, Flagler County’s total taxable value went down as it did in Palm Coast and Flagler Beach. New construction […]
Prices are still moving sideways, but the number of transactions continues to increase and absorption rates improve. Palm Coast, FL – June 1, 2008 – I once said that we wouldn’t recognize the bottom of the market until months after it was reached since selling prices are not known until after closing, several weeks after the […]
Developer of Hammock Dunes tower condominiums trims down by selling assets. Palm Coast, FL – May 29, 2008 – WCI Communities, the developer of Hammock Dunes condominiums has trimmed its assets with the sale of its North Naples development, Tuscany Reserve, to a foreign investment firm, AB Naples LLC for $65 million. The private golfing […]