- November 18, 2024
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Single-family home sales and prices are rising, according to a news release from Florida Realtors.
In the Palm Coast metropolitan statistical area, there were 692 single-family home sale closings in the second quarter of 2014, up 12.9% from a year ago, and the median sale price for single family homes was $159,000, an increase of 13.6% from a year ago. There were also 98 condo or townhouse sale closings, up 5.4% from a year ago, and the median sale price was $144,000, an increase of 10.8% from a year ago.
Statewide, the number of closed sales of single-family homes in the second quarter of 2014 was 67,579 statewide, up 7.3% from the second quarter of 2013.
The statewide median price of single-family homes in the second quarter of 2014 was $180,000, a 5.3% increase from the same time a year ago and a 22% over two years, according to the release. The second-quarter 2012 median price was $147,450.
The median price for townhomes and condos in the second quarter of 2014 was $142,000, a 10.1% increase from the same time a year ago and a 29% increase from the same period in 2012, when the median price was $110,000.
The number of new listings for single-family homes rose 11.5% from last year statewide, and the number of new listings for townhouses and condos rose 2.8% from last year.
The number of closed sales for townhouses and condos for the second quarter of 2014 was 30,918, down 3.4% from the second quarter of 2013.
Short sales for single-family homes and townhouses and condos declined statewide over the course of the quarter, dropping 52.6% for single-family homes and 59.8% for townhouses and condos.
The median number of days on the market statewide for single-family homes in the second quarter of 2014 was 55 days, and the median number of days on the market for condos and townhouses in the second quarter of 2014 was 56 days, according to the release.
