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Matagorda Bay Area Sales 2007
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0 Comments ::  |
| Market Comparison Report |
| Dates: |
01/01/2007 to 12/31/2007 |
| |
01/01/2006 to 12/31/2006 |
| Property Types: |
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| Areas: |
ALL |
Residential Total Sales is neither up or down, it remains level. With Land and Commercial sales are up 30%
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Jan 1 - Dec 31, 2006
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Jan 1 - Dec 31, 2007
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Difference
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Percentage
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| Price Range |
Units
|
Dollars
|
Units
|
Dollars
|
Units
|
Dollars
|
Units
|
Dollars
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| Residential/Condo |
294 |
28,324,288.00 |
227 |
28,955,225.00 |
-67 |
630,937.00 |
-22.79 |
2.23 |
| Lots/Land |
133 |
7,803,862.00 |
166 |
15,944,307.00 |
33 |
8,140,445.00 |
24.81 |
104.31 |
| Commercial |
13 |
936,527.00 |
21 |
3,056,500.00 |
8 |
2,119,973.00 |
61.54 |
226.37 |
| Totals: |
440 |
37,064,677.00 |
414 |
47,956,032.00 |
-26 |
10,891,355.00 |
-5.91 |
29.38 |
The Matagorda Bay area is the most rural and least expensive area of the Texas Coast.
Located between Galveston and Corpus Christi, the area is within driving distance of San Antonio and Austin.
The area is most popular to people who really want to get away from it all, yet the area also has some major new self-contained resorts under development, including the popular Sanctuary at Costa Grande.
* Short Term: Balanced Market
* Long Term: Balanced Market
* Recommendation: Buy if you like the area
A Balanced Market
In the ideal local real estate market, there should be a balance between demand for homes and the supply of homes available for sale. Although there is no exact benchmark to measure balance, there are ways of knowing if a local real estate market is close to being a balanced one.
Visit TexasGulfCoastOnline.com for more analysis of the Texas Coast |
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