PALM COAST, FL – July 31, 2021 – Although some questioned the veracity of the story of a new hotel in the heart of Flagler Beach when it was revealed in December, the property sale has closed. The seller was Geraldine Charles LLC, an entity that lists long-term Flagler Beach residents Zoee and William Forehand as Managers. The buyer is Sun Partners LLC of 45 Seton Trail, Ormond Beach. The transaction closed on July 22 for $3,850,000.
July 19, 2021 –It is hard to forget that Flagler County went from being the fastest-growing county in the country to have the highest unemployment rate in the state when the local housing bubble burst in 2005-2006. The median price of Flagler County homes dropped 61%. Like my parents’ generation who lived through the Great Depression, those of us who lived here fifteen years ago (and particularly those who bought here then) are forever scarred by the event.
June 16, 2021 – Flagler County and Palm Coast were the poster children of the housing bubble 15 years ago, so it is easy to look at the area’s recent bullish housing market with a degree of trepidation. What is behind this latest surge? Are we in for another crash? Is this the new normal? It appears we are in a parallel universe where up is down and down is up.
May 5, 2021 – The US Census Bureau yesterday reported its annual census estimate of county populations. The latest estimate for Flagler County is 118,451 residents as of July 1, 2020, a 2.73% increase. Ten months later, the population count has likely risen above 121,000.
April 19, 2021 – The Flagler County/Palm Coast housing market burst out of the mini Covid-19 slump in June when the median selling price of single-family Flagler County homes sold through MLS for the first time broke the high-level mark of $259,950 reached at the peak of the housing bubble 16 years ago. It has remained above that level every month since and continues to climb.
APRIL 1, 2021 – A funeral home’s innovative plans for a facility in Flagler Beach failed to advance beyond the city’s planning board recently. The plans had included a full-service facility, including a mausoleum, on a tranquil setting overlooking the Intracoastal Waterway.
March 3, 2021 – There is no lack of housing market news in Flagler County and Palm Coast. There is, however, an acute lack of homes for sale. Median home selling prices are rising at an unsustainable rate. Are we headed for another bubble?
February 14, 2021 – After a brief early pandemic dip in sales activity during April and May, the Flagler-Palm Coast housing market has been on a tear. There are no signs of a letup.
February 1, 2021 – For many people, a Florida retirement means warm year-round weather and no shoveling snow. But retirement living is a big decision. It’s not paradise if you run out of money. A state with good healthcare might have a high cost of living and high taxes. A state with affordable housing may have limited access to hospitals.
January 25, 2021 – Brunswick Corporation today announced that it is increasing production capacity to meet unprecedented consumer demand and assist in replenishing historically low field inventory levels. As part of this move, the former Sea Ray plant in Palm Coast closed in 2018, will reopen to manufacture Boston Whaler boats.
January 16, 2021 – GoToby.com has tracked Flagler County home sales since 2003. Despite a pandemic, or perhaps because of it, 2020 broke the previous local records for home sales, surpassing numbers hit when Flagler County and Palm Coast were the poster children of the Housing Bubble.
December 22, 2020 – The U.S. Census Bureau yesterday released the annual population estimate for the country and individual states. (These are estimates as of July 1, 2020. They are not the official 2020 Census numbers.) The report confirms that the Northeast and Midwest regions are losing population while the West and Southeast regions benefit from population gains.
December 18, 2020 – The significance of three recent healthcare-related announcements involving Palm Coast cannot be overstated. Each is huge news, but combined, they define a breakout moment for the city, perhaps the most important events since Palm Coast was incorporated in December 1999. It will not be just hospitality and housing any more as healthcare is now positioned to lead Palm Coast’s economy going forward.
December 15, 2020 – The Palm Coast City Council today approved a $2.5M economic development incentive package that will bring a satellite Jacksonville University (JU) campus to Palm Coast Town Center. At the same meeting, the council voted on the second reading to approve a hospital/medical campus on the west side of US Route 1, opposite the west end of Palm Coast Pkwy.
December 11, 2020 — The sale and transfer of Flagler County Utilities to the Florida Governmental Utility Authority (FGUA) were successfully completed Thursday.