The new owners of City Market Place want to jack up rent on Palm Coast city offices by 33 percent, and slam similar increases on Hollingsworth Gallery and other long-time anchors of the strip mall, making every one of those tenants question whether they will be there much longer–and placing a cloud on the future of some tenants, such as City Repertory Theatre.
palm coast real estate
The remaking of Palm Harbor shopping center as Island Walk, with more and bigger stores in the old but semi-vacant heart of Palm Coast, has broad support despite a few unanswered questions, among them the likelihood that the shopping center will have enough tenants to fill the new space.
Sales closed on 200 single-family homes in June in Palm Coast and Flagler County, half those for cash as investors continue to buy homes. The median price of $144,500 is the best showing since February 2009. The median number of days those homes spent on the market was 71, an increase of eight days from last year.
Two legal settlements at Tidelands on the Intracoastal and a turn-around in sales suggest that one of the hardest-hit condo and home communities in Palm Coast is experiencing renewed vigor, and may be emblematic of a larger real estate turnaround in Palm Coast and Flagler County.
Have we returned to a normal market? No yet, writes Toby Tobin, but in a bullish analysis of Palm Coast’s and Flagler County’s current housing markets, he expects momentum to build into 2013, with all segments of the market are rising.
Palm Coast’s and Flagler County’s real estate market can take heart: for the first time in half a decade, the home-buying industry is looking a lot less grim than it’s been, even if prices have yet to catch up to the uptick in sales.
Expanding Old Kings Road was to guarantee Walmart’s opening by 2011, with 400 to 500 jobs. Instead, the city is left holding a bag-full of empty promises–and a $6.3 million loan from its utility fund.
Old Brick Township to Palm Coast’s northwest is just one of several planned developments and existing lots that would add 40,000 new homes and 9 million square feet of commercial and industrial zones, more than doubling Flagler’s and Palm Coast’s populations.
A renter faces her fourth foreclosure-driven eviction in a year as local Realtors are struck with what appears to be a rogue Realtor’s rental scam in Palm Coast’s R Section.
One publication declares Palm Coast real estate gold for retirees, another declares Palm Coast a lost cause for home prices.