Real Estate News

Compliments of Go Toby

Sale Closes for Planned Flagler Beach Resort Hotel PropertyPALM 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 $3,850,000.10 Reasons Not to Worry About the Housing MarketJuly 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.This Unprecedented Real Estate MarketJune 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.Flagler County Population Today Likely Exceeds 121,000May 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.Flagler County and Palm Coast’s Second Real Estate BoomApril 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.