Pasco County Hindsight Report - Last Week's Foreclosure Activity

Foreclosures, Pasco County July 13-20, 2008:  1198 Active, In Contract, or Sold since June 30.

There are currently 877 properties on the market in Pasco County FOR SALE, as of today's date.

269 foreclosure properties are currently UNDER CONTRACT in Pasco County.

52 foreclosure homes SOLD in the first half of the month, and the average price per square foot was $76.84.

Sales in Pasco County were distributed as follows:

The greatest concentration of 35 home sales was in the Western part of the County, West of US 41, and the median home price was $109,087--and average price per square foot of $69.97.

In contrast, last year there were 15 homes sold in Pasco County which were in some stage of foreclosure:  the median price was $139,803 for an average price per square foot of $94.65.

The cheerful news, however, is that, of the 177 homes which came onto the market as foreclosures this month, one has already sold and closed ($161,000), and 16 more are under contract!  That's nearly 10% that were snapped up in less than one month!

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