Florida On Sale: Market Crash leaves tremendous values on the table.

Florida On Sale: Market Crash leaves tremendous values on the table.

Below you will find charts and details on the West Pasco Single Family Real Estate Market. As you can see by the Bar chart, we have quite a bit of inventory on the market. You might also have noticed on my Trulia widget on the left of my blog, that Inventories have been declining this year, but spiked recently. Using Septembers sold properties, we have 10 months or normal inventory and about 7 months inventory of distressed property. But the thing about Distressed properties is that most of them take many months to close.

In the chart below you will notice some pretty varying Days on the Market (DOM)

How about some of those prices YIKES!!!!!!

Buy a home in Florida for as little as $10,000? Typically not. In my experience when you see a Listing price of $10,000 it usually means it is going on the auction block. But if you look further down at Active w/ Contract and Pending Sale, you will see absurd bargains. Lowest SOLD HOME went for $15/sqft. OMG!!!!!!

West Pasco is basically considered to fall from County line to County Line North & South

and From US 41 to the Gulf going East to West, which includes the Suncoast Parkway

View Larger Map

Compare this months report to August's numbers HERE