Since we live in the Matanzas Woods subdivision, we get the common question of how is the market doing in our neighborhood. Truth be told, Matanzas Woods has seen it’s challenges over the past few years especially with the golf course’s temporary closure which the neighborhood is built up around. It was positive to hear that a local investment group had purchased the course and hopefully we will see it open again in the future.
Despite any challenges over the past few years, Matanzas Woods has remained a desirable area. The housing market in our neighborhood is doing pretty well, and often much better than most are aware. Let’s take a look:
Active Houses Currently For Sale
Number Listed . . . . 23
Lowest . . . . . . . . . $85,000
Highest . . . . . . . . . $344,900
Average . . . . . . . . . $180,852
Median . . . . . . . . . $178,900
Avg Days on Market 113
One huge positive is that the number of houses listed as “short sales” of those 23 is 4. With the lowest being $85,000 and the highest being $309,999 and having an average days on the market of 30. Short sale listing have typically averaged about 35% of all listings in Palm Coast over the past few years and we are seeing dramatic drops in these numbers recently which is a great sign.
Short selling has been and can be a necessary avenue if one needs to sell or is in a pre-foreclosure situation and owes more than the market will bare in terms of value today. Feel free to contact us if you are in this situation and need help.
Great. The number of houses for sale is low, but is anything selling in the area? Yes. And very much so. Since January 1st of this year, 35 houses have sold with an average selling price of $124,819 and a median selling price of $117,700 and an average days on the market of 101 days. The lowest was $77,000 and the highest was $235,000. This is up slightly from the 33 houses that sold during the same period last year.
Again, it’s been a very positive year for real estate in the Palm Coast area and Matanzas Woods is also seeing some real positives. Fee free to contact us any time if you have any questions about real estate in general, Flagler County, Palm Coast, or your street. We’re your neighbors and we’re here to help.
Want to see the houses for sale in Mataznas Woods at any given point in time? Visit our “Listings By Neighborhood” on our website, wwww.PalmCoastHomeShow.com, and click the link for houses for sale (Click here to go there now).
Disclaimer: Information based upon the Flagler County Association of Realtors MLS as of 6/12/2012 for Residential Houses in the Palm Coast Matanzas Woods Subdivision. Information may be deemed reliable, but is not guaranteed