why are there so many homes for sale in Palm Coast right now?

Asked by Jayme, Idaho Falls, ID Tue Jun 17, 2008

Does the sun shine most of the time in Pam coast ? or is there a lot of rain?
why dp most of the homes have screened in porches.
Are there Job op's in this area?
What is the cost of living compared to the national average?

Help the community by answering this question:

+ web reference
Web reference:

Answers

4
Harry Ashley, Agent, Palm Coast, FL
Thu Jun 19, 2008
Palm Coast was only 'designed' in the late 60s from raw land, it is designed for 210,000 residents and we are currently at 65,000 - 90,000, depending on whos figures you wish to believe. During the 'boom' years, Flagler County (Palm Coast) was nearly always in the top 5 in the US for growth, therefore an influx lots of investors/construction workers and builders. So, lots of inventory of builder specs, new homes that investors paid the builder a $1000 at the start to build and then walked away from the deposit.

Yes, the sun does shine in Palm Coast!

Screened in porches to keep the bugs out - this is Florida!

There are always jobs, very few are well paid and very few industrial or construction jobs, if you are in the medical or service industry, you might be alright.

Regards


HArry Ashley
386=931-6054
1 vote
Kathy West, , Palm Coast, FL
Wed Jun 25, 2008
Palm Coast/Flagler County has been one of the fastest growing areas in the nation for the last few years, and for good reason. Interesting enough though is the "market performance" in the area. 2007 saw an average of about 89 residential homes closing per month, we are currently averaging about 104 this year. April and May far surpassed the pperformance in regards to Residential house closings from just one year before.

As I often say, it is an area that is a treasure chest of discoveries. Palm Coast is teeming with natural beauty and desirable weather. One of the things I like about the area is that we do get some cooler weather in the winter months without the snow of course.

Covered/screened in areas are very popular especially with pools. The screens keep the maintenance and cleaning of pools down.

Job opportunities often depend on one's background.
0 votes
Linda Kasper, Agent, Flagler Beach, FL
Thu Jun 19, 2008
During the boom in 2004-2006 the builder's couldn't build fast enough. the mortgages were 100% with incentives. then the media burst the bubble and our ranking of the fastest growing county for 5 years slowed, but to our surprise its still the fastest growing. The prices have dropped dramatically due to the 100% mortgages, the investors who just walked away and the builder's that are stuck with inventory.
Those happenings have caused an extreme amount of home for sale, either short sales and foreclosures.
The job opportunities are few due to the downturn in the building industry, the ripple effect. Our largest employer is the school system and then Sea Ray Boats. Sea Ray extended the summer vacation to an exended length without pay, due to the downturn in boating, once again the ripple effect. Building in the commercial area is strong with the new Palm Coast Town Center, adding to the opportunities in the retail field. Palm Coast and Flagler County in general has lower taxes than St. John's to the North and Volusia County to the South.
Our weather is 3 seasons, Summer, Fall, Spring. Winter is sometimes very cold. i've seen it snow lightly on Christmas and then other years its a beach day for Christmas. I've lived here for 31 years. Its a great county to live in. Linda Kasper, Tavolacci Realty, Inc.
Web Reference:  http://www.LindaKasper.com
0 votes
Robert C Hei…, , Delray Beach, FL
Thu Jun 19, 2008
There is another side to the turndown in real estate. It is the media. The year 2005 was pivotal in that storms marched through the state. While this was not the only state to see storms, when Hurricane Wilma was a large factor in the change in media coverage for southern Florida. While the state of Florida had not seen a severe storm like Wilma in 30 years, the media played it up like it was an every day occurrence. All one could see on TV was "severe weather experts" following their "storm track radar". All this frightening negative publicity turned the market around. It will calm down eventually, and the market will return again to the former glory days, but it will take a while for all the storm mongers to fade away and stop scaring people away. The beauty of living a retirement in Florida is just a best kept secret.
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Palm Coast Zip Codes

Email me when…

Learn more