A quick way to check strength of any sector of the real estate market July 4, 2007 – Palm Coast – Absorption Rate is a mathematical measure of the relationship between supply and demand in the marketplace. It’s derived by dividing the total inventory of product (for sale) by the number of units sold in […]
Baltimore, MD investor wants to free up investment funds for reallocation. July 3, 2007 – Palm Coast – Another investor has realized that investing in lots in gated communities is not a sure thing, even with a premier developer. The added costs of HOA fees and club dues mount quickly, cutting into potential profits in […]
Tax Certificate sales, redemption, and tax deed sales July 2, 2007 – Palm Coast, Florida Tax Certificate Sale The May publication (three consecutive times) of the tax delinquent properties is followed by the tax certificate sale, held this year on May 31. The tax certificate is a lien against the property, not a claim or […]
Palm Coast Utility Dept shuts off water to some units, taxes remain unpaid June 29, 2007 – The European Village saga unfolds a little bit further. On the rumor side, I was told that Peter Roehr, agent of European Village LLC, requested that Palm Coast shut off the water in units owned by him. On […]
Flagler County’s commercial tax base is currently less than 1% of total. June 28, 2007 – Palm Coast, Florida – Flagler County Commissioners took their first shot at the 2008 budget. They missed the mark. They weren’t even facing the target. Just when we most need Enterprise Flagler and an empowered Industrial Development Authority, commissioners […]
What are Tax Certificates? June 27, 2007 – Palm Coast, Florida Since,a recent article on the large number of Tax Certificates sold on lots in The Conservatory at Hammock Beach, I’ve been asked many questions about tax certificates and tax deeds. The following information is excerpted from information provided as a public service by the Flagler […]
Short sales can also be good for sellers, allowing them to retain some of their damaged credit rating. June 24, 2007 – Palm Coast – The market price of Flagler County real estate has dropped over the past eighteen months. The median sale price of existing single family homes dropped 17% from $259,900 in December […]
Ginn’s five-year deal with the PGA Tour may bring the event to Palm Coast in the future. June 22, 2007 – Palm Coast, Florida – A news item posted June 15th in The Florida Times-Union disclosed a new deal between Ginn Sports Entertainment, a division of Ginn Resorts, and the PGA Tour. On June 14th, The […]
Eighty lots are on the market. None are selling. One foreclosure and a pre-foreclosure hint of tough times ahead at this Ginn development. June 20, 2007 – Palm Coast, FL – Hailed as a hugely successful offer in 2005, 337 Conservatory at Hammock Beach lots were oversubscribed by eager investors at prices ranging from $329,900 […]
SR100 restaurant has been having financial difficulty according to local blogs June 20, 2007 – Palm Coast, Florida – It’s rumored that Rossi’s Restaurant, on SR100 in Bunnell has been sold to an undisclosed buyer. Local blogs have talked for months about Rossi’s declining financial situation and service levels. It appears now that things are […]