Palm Coast, Fl - Matanzas Woods - Market Update - August 2008

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the Palm Coast - Flagler County Real Estate Market and Trends.

I believe that information is power and am an advocate for customer empowerment.

Market update for August 2008

There was only 1 sale in July in the community of Matanzas Woods...the good news...it was not a distressed sales and the home sold for $365,000. The bad news, is that was on rare home and the average sale price fell significantly when sales were recorded for the month of August.

Matanzas Woods has also held onto property values much better than most of the other non-gated communities in general Palm Coast, Florida. Again, I think it is very important to point out LOCATION. Matanzas Woods is located west of I-95 and is the furthest Palm Coast community to the North. This community is very popular with people who commute and work in St. Augustine & Jacksonville due to its close proximity to US1 with direct access to I-95.

Matanzas Woods also has become more popular since the north bridge over the interstate connecting the west side to the east side was completed, making access to the New Matanzas High School, the beaches and upcoming commercial developments in Palm Coast Park. Oh did I mention it has a great golf course.

Matanzas Woods Neighborhood (Matanzas Golf Course Area)

65 Homes For Sale

(Inventories increase by less than 1% between July and August)

Search Homes for sale in Matanzas Woods - Palm Coast, Florida

Absorption Rate: 16 Months

There are currently 4 Bank Owned Homes listed in Matanzas Woods

There are currently 20 Short Sale Homes listed in Matanzas Woods

Average List Price: $232,508 in August vs $237,916 in July

Average Sale Price: $203,125 in August vs $365,000 in July

Total Pending Homes: 13

Pending Bank Owned: 3

Pending Short Sales: 7

Sold Homes: 4

Days on Market: 66

Sale Price/List Price Ratio: 94.16%

Kristi Ross - REALTOR - With over 12 years of experience in buying, selling, managing & investing in real property personally in addition to being a very active, full time REALTOR in Palm Coast/Flagler County, Florida for 7 years come this October....I have learned that information is power and I am an advocate for customer empowerment.

Please feel free to search the MLS for free at my website www.Palm-Coast-Hot-Properties.com. You can sign up to be on the list of first to know when properties meeting your ideal criteria are newly listed, go pending or are sold.

*DISCLAIMER: The above statistical data was gathered from the Flagler county MLS and is not to be guaranteed reliable or accurate and is for informational purposes only.

**Disclaimer: The search homes information is provided through IDX and Kristi L. Ross PA, Hawk Beach Realty, My Broker or associates are not in anyway responsible for any mistaken information provided.