Home sales and Foreclosure Sales – Both Rising in Palm Coast/Flagler
The local real estate market is becoming unstuck. The number of single-family homes sold in April was the highest for any month since July 2006.
Palm Coast, FL – May 4, 2010 – A shift is underway in the Palm Coast and Flagler County real estate market. The number of single-family homes sold in April was the highest for any month since July 2006. And while the number of foreclosure filings continues its downward trend, the number of properties reaching the final stage or foreclosure, the Foreclosure Sale itself, is rising quickly. High-end properties continue to hold a larger share of foreclosure filings, a trend that began about 6 months ago.
Home Sales
A few April home sales are still straggling into the MLS reporting system but the 148 homes already reported exceeds all monthly sales since July 2006. The $333,000 median selling price is consistent with recent months.
Foreclosures
There were 190 lis pendens filed in April ’10 compared with 260 in the same month last year and 238 in April ’08. Yet the number of scheduled foreclosure sales is increasing (see below).
Often a short sale or bank workout forstalls a foreclosure sale, but more properties are making it to the last step – the foreclosure sale itself – where the bank is typically the lone bidder. The Clerk of Courts issues a Certificate of Title (C/T) following a foreclosure sale. The number of C/Ts is rising quickly. The Clerk issued a total of 109 C/Ts in March and April. That’s more than the total for the first four months of 2009. The long list of scheduled May foreclosures points to a continuation of this trend.
Foreclosure sales scheduled for the balance of May are listed below in the following format:
Address or location – 2009 True (Market) Value from the Flagler County Property Appraiser – Most recent sale date and sale price if available – Code; Y = homesteaded, N = non-homesteaded, V = vacant lot.
Foreclosure Sale Schedule
Wednesday May 12, 2010
47 Pennypacker Ln – $153,292 – 6/1/2001 for $99,000 – Y
Friday May 14, 2010
699 Mahogany Run – $75,000 – 4/25/05 for $369,900 – V
201 Riverwalk Dr S – $200,000 – 7/14/05 for $465,000 – V
3381 Oceanshore Blvd N – $520,390 – 9/1/02 for $475 – N
Tuesday May 18, 2010
4 Flagler Drive – $150,000 – 10/4/05 for $194,000 – V
92 Prince Eric Ln – $157,164 – N
24 Blakeport Ln – $77,915 – 10/1/04 for $145,000 – Y
3846 Cranberry Ave. (mobile home) – $49,953 – N
204 Heron Drive – $80,000 – 1/1/04 for $134,900 – V
3 Carry Ct – $191,893 – 6/20/06 for $410,000 – N
20 Powder Ln – $145,145 – 11/30/05 for $240,800 – N
23 Brockton Ln – $179,916 – 8/19/05 for $258,000 – N
Wednesday May 19, 2010
11 Praver Ln – $133,107 – 3/31/06 for $223,000 – N
Hammock Beach 1-BR Condo 208-S – $246,300 – 4/16/04 for $344,900 – N
101 4th Street N – $92,992 (warehouse) – 1/14/05 for $159,900 – N
40 Zebulahs Trl – $90,206 – 12/1/01 for $81,900 N
106 Red Mill Dr – $145,381 – 5/1/04 for $148,000 – Y
19 Bishop Ln – $167,787 – 1/30/06 for $258,000 – Y
Unit #333 Canopy Walk condo – $163,900 – 7/21/05 for $340,000 – N
7 Chelsea Ct – $274,830 – 7/5/06 for $550,000 – Y
58 Forest Rd – $53.406 – 6/30/6 for $125,000 N
14 Coleridge Ct – $231,925 – 10/29/04 for $402,000 – Y
Thursday May 20, 2010
30 Woodborn Ln – $161,793 – 10/3/05 for $260,000 – Y
3 Lindberg Pl – $148,201 – 12/1/04 for $210,000 – N
273 Conservatory Dr – $85,000 – 6/23/05 for $640,000 – V
16 Walton Pl – $101,897 – Y
42 Riddle Dr – $175,158 – 10/23/06 for $234,400 – Y
16 Wood Center Ln – $90,291 – Y
50 Heron Dr – $95,000 – 1/23/07 for $187,000 – V
98 Reidsville Dr – $187,785 – 5/12/06 for $294,900 – N
22 Beaverdam Ln – $110,185 – 10/1/1999 for $87,900 – Y
18 Scarlet Oak Cir – $105,000 – 2/13/06 for $202,000 – V
61 Raemoor Dr – $92,461 – 8/1/03 for $98,300 – N
44 Columbus Ct – $164,277 – 3/26/05 for $360,000 – N
85 Colechester Ln – $225,201 – 8/1/04 for $300,000 – N
Wednesday May 26, 2010
84 Pin Oak Dr – $169,282 – 7/9/07 for $200,000 – N
Friday May 28, 2010
Surf Club III condo unit #120 – $238,100 – 12/28/04 for $425,000 – N
174 Parkview Dr – $140,879 – 11/1/1992 for $92,000 – N
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