- April 26, 2024
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PALM COAST — Palm Coast area houses sold for 12.3% more this past December than in December 2012, but townhome and condo sale prices have dropped 22.4%, according to information released by the Florida Realtors.
The rising house prices mirror a state trend. Statewide, existing single-family home prices have risen 11.4% from December 2012. The number of statewide closed sales rose 8.6%, while in the Palm Coast area, the number of closed sales rose 8.2%.
But statewide, condo prices have risen, as well: a total of 17% over Dec. 2012. The number of closed condo sales dropped 2.5% statewide. The number of closed condo sales in the Palm Coast area dropped 2.2%.
But while prices of single-family homes the Palm Coast area lag behind the state median — the median sale price of Palm Coast area single-family homes is $142,035, while the statewide median is $172,630 — the median sale price of Palm Coast area condos is higher than the state median.
Palm Coast area condos sold for a median price of $151,000 in December 2013, while the statewide median was $137,500.
Last December marked more than two years of consecutive increases in Florida’s statewide median sales prices for both existing single-family homes and condos. Homes are also selling fairly quickly: The median number of days a Florida house stayed on the market was 50. Condos stayed on the market for a median of 51 days.
Sales prices for single-family homes have also increased nationwide, but the increase in Florida is higher than the national trend. Nationwide, the median sale price for single-family homes in November was $196,200, an increase of 9.4% from November 2012.
In New York, the median single-family home price was $229,000; in Maryland, it was $257,677; in Massachusetts, it was $316,500; in California, it was $422,210.
