by Lynn on November 20, 2009
Foreclosures and Short Sales Hammer Housing Starts
It doesn’t surprise me that housing starts and single family building permits are down. In the Daytona Beach real estate and Palm Coast real estate markets, short sales and foreclosures have forced prices below replacement value in many cases. What would anyone want to pay more for a new home when the price would be above similar homes on the market?
Dangerous for Builders
Builders are not building spec homes in most markets. It is certainly at a very low level in Palm Coast and Daytona Beach. Custom homes make more sense because they are being built for a buyer under contract.
I’ve been doing a lot of research over the past few weeks and it appears that the foreclosure wave will not be complete until 2011 when the last teaser rate loans need to be refinanced. It will probably take another year for those to work there way through the system. That’s when I see new home building picking up again.
There’s are very nice article at Mortgage News Daily that goes into a lot of detail and has some graphs that tell the story visually. Check out the article –> Housing Starts Fall. Single Family Building Permits On Hold.
by Lynn on March 23, 2009
Is Palm Coast Real Estate the Fastest Growing in the United States?
Depending on the time frame that is used, Palm Coast is still the fastest growing community in the US. From 2000 through 2008, Palm Coast is the fastest growing city in the country according to the US Census Bureau. However, in the last year it has dropped to 54th fastest because of the real estate bubble bursting, but is still growing at 3.5%.
The reasons for that top growth ranking are still here. Here’s my top five reasons:
- Wonderful Weather
- Reasonably Priced Homes
- Lower Property Taxes than surrounding counties and cities
- Location - close to the ocean, river, Orlando, Jacksonville, St. Augustine and more…
- Recreation - golfing (lots of courses), boating, walking, biking, clubs, restaurants and more…
Palm Coast homes are very reasonably priced and when you factor in lower taxes, Palm Coast still holds the edge for many people who are looking for more home for the dollar. Many condos in Palm Coast are available for people looking for the advantages of lock and leave living.
Prices in Palm Coast are generally lower than Ormond Beach real estate and Daytona Beach real estate. And again, taxes are lower in Flagler County and Palm Coast than in Volusia County to the south.
So, while Palm Coast is not the fastest growing city over the past year, it is during this century. What that tells us is that many people are voting for Palm Coast by choosing to live here. Yes, they’re still coming, just in fewer numbers.
Call me at 386-566-7503 to talk about the wonderful opportunities for buying homes and condos in Palm Coast. We are seeing signs that the market may be turning. There’s no need to panic yet, but prices will soon hit bottom. If you are interested, look now so you know what’s going on the market, then buy when you feel ready.
by Lynn on March 19, 2009
Palm Coast Homes Listing
17 Lakeside Way in Grand Haven, Palm Coast, Florida
Grand Haven is a beautiful gated golf course community in Palm Coast, Florida. This is one of the most desirable communities in the area.
17 Lakeside Way is a nearly new home with a lake in the backyard. This homes has lots of room for indoor and outdoor living with porches and patios in both the front and the back of the home.
This wonderful home includes:
- 3 Bedrooms
- 2 Bathrooms
- Breakfast Nook
- Screened Porches/Decks on the Front and Patio at Rear
- 2 Car Garage
- Full-Time Security and Gated Entry
- Golf Course Community
- Breakfast Nook and Bar
Offered at $315,000.
Call Lynn at 386-566-7503 for more details.
Here’s a few more pictures, you can see even more at Palm Coast Homes - 17 Lakeside:
There is a temendous variety of homes and condos available in Palm Coast, Flagler County and Flagler Beach. Find out more about Palm Coast Homes at my main web site. Please visit Ormond Beach real estate for more information on this beautiful community just south of Palm Coast.
Listing by Lynn Byrne, Palm Coast Realtor.
by Lynn on March 18, 2009
Lynn Byrne Launches New Palm Coast Real Estate Site
Palm Coast Real Estate is once again very attractive priced. Last year, we launched our Daytona Beach Real Estate Blog and it’s been a great success. We get thousands of visitors every month from people interested in our local homes and condos market.
However, it’s difficult to focus on Palm Coast homes and condos and Daytona Beach real estate in the same pages. So, after much deliberation, we launched the Palm Coast Real Estate Blog to serve our Palm Coast and Flagler County sellers and buyers.
We will be providing regular information on the Palm Coast area and homes, condos and land.
Please don’t hesitate to call me at 386-566-7503 with any questions or concerns. I’ve been active in Palm Coast and Flagler for years. A few years ago, I was the operations manager for Realty Executives in Palm Coast responsible for several Flagler County offices. I know the area well and can provide you with the support and expertise you need.
