Everyone has noticed how fast the Flagler County real estate market has turned around. What does the market look like now? The inventory of unsold properties has risen sharply in all property categories. The number of potential buyers has shrunk. The number of properties sold is down significantly in all categories. Properties are on the […]
The current downturn in the economy is November 7, 2006 – In a question and answer session at the annual Charles Schwab Impact conference in Washington on November 6th, Alan Greenspan, former Federal Reserve Chairman said "The economy is obviously going through a significant slowing period, which as best I can tell is more than likely […]
November 7th City Council meeting will consider using eminent domain to obtain Rayonier Timberland p October 31, 2006 – The Friends of Golf Steering Committee, a local action group to promote availability of public golf in Palm Coast and Flagler County reports, in an email, that during the November 7th City Council meeting, a resolution will […]
My next move will be in an urn, but not soon. Here’s why we chose Palm Coast. October 30, 2006 – I grew up in Rochester, NY. I had a chance to move south, to Charleston, S.C., in the mid 80’s. In Charleston, I thought I had died and gone to heaven. To see why anyone would want […]
An important component in the price of a home is the value of the underlying land. Actual construction costs can rise for several reasons: General inflation in the economy Shortages of building materials Labor shortages Additional cost of upgrades in building codes Impact fees These all contributed to the run up in home value from 2001 to 2005. […]
Centex Destination Properties sells most of its local holdings. October 6, 2006 – Two days ago, I reported that Ginn had bought his way back into the Ocean Hammock Golf Course. Last night I heard that the deal is much bigger. The Ginn Company is purchasing the Ocean Hammock Golf Course, The Lodge at Ocean […]
Centex Destination Properties sells most of its local holdings. October 26, 2006 – Palm Coast, Florida – This showed up on this site a few days ago on the rumor pages. Details are still murky and no official announcement has occurred, but I’ve received sufficient confirmation that the underlying story is no longer a rumor to […]
Walmart may have a contract on property along Old Kings Rd. South Folks have heard rumors about a new Wal-Mart or a Sam’s Club coming to Palm Coast for months. I heard that Wal-Mart has a contract on a parcel owned by Old Kings Interchange, Inc. Old Kings Interchange owns four parcels, totaling over 148 […]
The Florida Association of Realtors (FAR) reports September sales down but prices off only slightly. Sept. 25, 2006 – The number of existing Florida homes sold in September was off by 34% from September 2005 but the median price of homes sold was only off 1%. Condos sales dropped 45% with the median price off […]
City residential permits down 90% from Sept. ’05 but commercial permits holding. October 22, 2006 – 28 residential permits were issued by the City of Palm Coast in September, down from 283 the same month a year ago. Meanwhile, commercial permits issued continue to hold at a steady pace. Commercial growth includes a 15,000 SF addition […]