I expect additional reporting for April, but the numbers already look really good. Gross sales for single-family homes is the highest since mid-2006.
Palm Coast, FL – May 4, 2015 – As usual, some late reporting is still coming in. Even with additional MLS sales likely to be posted, April’s Flagler County housing market looks like it’s on a roll. Non-distressed sales now dominate the market, making up fully 87.8% of the total gross sales dollars for single-family homes. Gross sales for single-family homes is the highest since mid-2006.Here’s a quick snapshot of some other numbers.
|All Homes Sold||208 homes||208 homes|
|Median Selling Price||$171,800||$156,950|
|Price per Square Foot||$107.08||$97.79|
|Homes Sold for Cash||92 homes||101 homes|
|Percentage of Total Homes||44.2%||48.6%|
|Short Sales||3 homes||10 homes|
|Percentage of Total Homes||1.4%||4.8%|
|Lender-owned (REO)||39 homes||47 homes|
|Percentage of Total Homes||18.2%||22.6%|
|Non-Distressed||165 homes||151 homes|
|Percentage of Total Homes||79.3%||72.6%|
Watch for my next newsletter for a more complete analysis.