Real Estate in Florida Palm Coast and Flagler County
Rapid Growth, Changing Market, Dropping Home Prices
The Florida sunshine makes the state a haven for northern visitors, home buyers and a growing real estate market. Palm Coast, Flagler county and the northeast area of Florida continues to expand.
Palm Coast Expanding Real Estate Market
Over the last few years, Palm Coast, Florida has ungone a lot of changes in its real estate market. The growth of more homes being built, new developments and the new Town Center stretching along state road 100 between I-95 and Belle Terre. The Palm Coast area has secretly been known for it's beautiful beaches and great lifestyle, making it perfect for a retirement home or a place to mkae your home permanent, plus St Agustine with it's great resturants,Daytona Beach for the Races and Orlando's tourist attractions are a short drive down the road.
In past decades, Southern Florida was many realtor's dream from the constant growing and explosive real estate market. Florida and especially Flagler county which includes Palm Coast experienced growth in real estate prices going up as much as 250% in some areas. This price increase in the home market has made home buying very hard to afford.
Florida continues to be one state still hot for real estate. Prices may be high, but the desire to live in Florida has changed some of the economic structure, more businesses, work opportunities, and more income has resulted. Even though more opportunities exist, the economic growth has helped make Florida a more expensive state to call home.
Slowed Growth Better Home Prices
Although the past few years has shown interest, activity and growth in Palm Coast real estate, the future will always be in question. Homes and housing will continue to be build, bought and sold, real estate agents may find it increasingly difficult to sell homes. Some homes always seem to sell faster than others, some higher end homes can remain on the market for months and months. However, new developments like Wild Oaks continue to be built.
By now you probably guessed, Palm Coast Florida has seen a bit of a drop or slowing up in real estate market. Although both price and appeal for the area continues to grow. A lot of homes are harder or slower to sell, many homeowners have lowered their asking price just to make a sell.
The Flagler Palm Coast real estate market will continue to be popular, the area is a hidden gem, and the market for real estate always tends to fluctuate.
Before you make any financial decisions on refinancing and using your home as collateral make sure you review all your options and get good council if needed.
Information on this site is provided for informational purposes only.
