Housing, real estate and local government officials this morning diagnosed the sources of Flagler-Palm Coast’s affordable housing crisis and proposed a few solutions in a unique discussion at the Hilton Garden Inn.
The failed Trump International Hotel & Tower Fort Lauderdale is among other Trump-branded projects that tanked and prompted lawsuits from disgruntled investors who lost millions of dollars in deposits.
The average number of home sales in the past seven months is still slower than the previous six months, but inventory is diminishing and prices continue to rise, once again raising questions of affordability.
Investors have battled in court for years to get back hundreds of thousands of dollars in deposits from Donald Trump and associates. The 4th District Court of Appeal will hear arguments Tuesday in two lawsuits related to what was pitched as a swanky, Trump-branded hotel/condominium.
Parkside Realty Group Broker and Owner Sam Perkovich announced last week that Gail Downs, the 2015 Flagler County Realtor of the Year, has joined Parkside Realty.
Bunnell city government has been occupying county office spaces for almost five years. On Monday. the county agreed to slap on $2,400-a-month rent and $100-per-meeting fees on the city, starting Aug. 1, and it will expect Bunnell to vacate the GSB by Dec. 1 regardless.
Senate Finance and Tax Chairwoman Dorothy Hukill of Port Orange’s proposal could cut $250 million a year from state revenue. Business leaders want the tax, currently at 6%, eliminated altogether as Gov. Rick Scott travels the state on a tax-cutting tour.
After July’s buoyant home-sale figures in Flagler County, which hit a post-recession high of 243 closed sales for the month, August’s numbers are somewhat less bubbly, but the trend remains solidly positive even as interest rates creep up.
Homes for sale in Flagler County have spent on average just 55 days on the market, also a post-recession low, while the median sale price of $155,000 in July in Flagler improved an impressive 7 percent on June’s median of $144,500, and 19.7 percent on the median price a year ago,
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.