West Pasco, Florida’s Distressed Real Estate Market: Currently available Short sales, Foreclosures and Bank owned properties

West Pasco, Florida’s Distressed Real Estate Market: Currently available Short sales, Foreclosures and Bank owned properties

If you are looking for great deals in Real Estate, than the Distressed Real Estate Market would be a good place to start. Prices have collapsed in the West Pasco Real Estate Market. This Hudson, Florida Realtor has been shocked at some of the price declines. One subdivision that has been a Farming Area is Country Club Estates. It went from $45k to $133k at the peak, to $45k again. A triple to a zero net gain in but a couple of years.

So if you are looking for investments under $50/sqft, Hudson & West Pasco, Florida are places this Hudson, Florida Realtor would suggest looking.

Has this Hudson, Florida Realtor peaked your investment interest? Well than take a look at the actual inventory. Above we have some statistics, here are the actual listings presently available in West Pasco Florida. Just Click here to view distressed properties in my West Pasco Florida. And if you have interest in getting more information on a property, or to schedule a viewing, Contact a Professional Realtor, Such as myself.

To view some of the distressed properties currently available in Hudson & West Pasco Florida click here

Beacon Woods, Hudson, Florida Real Estate Market Report August 2009

Beacon Woods, Hudson, Florida Real Estate Market Report August 2009

I was a bit astonished when i pulled the market report for Beacon Woods. You see 85 homes for sale in a community of 2100+ homes just seems a bit low. I guess it is a testament to the great community that it is with very active resident involvement. Just review what their Community Association does and you will get the idea. With 11 houses sold in August 2009, and only 85 homes for sale, there is only a 10 month inventory on the market, which is much better than its surrounding areas. I have found this to be a very enlightening Real Estate Market Report

Back when Wal-mart made its intentions known, that it would like to build its latest Supercenter at one of the entrances to the community, well alot of people were up in arms. So much so that the Civic Association hired an attorney to fight its development. In the end though, Walmart won, but not without a few concessions to address concerns about increased traffic into the community. In all Beacon Woods is a Thriving 18 hole Championship Golf Community with many subdivisions within the greater Beacon Woods, with all the amenities available for all wants and needs. If an active community is what you are looking for, it is what you will find in Beacon Woods. Their monthly newsletter is more like a magazine, and there is something to do everyday, without ever leaving where you call home.

Lastly I would like to add, if you have not already noticed at the Civic Associations webpage, Beacon Woods is actually in Bayonet Point, Florida.

View Larger Map

August ’09 Real Estate Market Report Sea Pines a Waterfront Gulf Access & Golf Community in Hudson, Florida

p>August ’09 Real Estate Market Report Sea Pines a Waterfront Gulf Access & Golf Community in Hudson, Florida

Was a bit surprised that Real Estate in Sea Pines Waterfront community. But compared to many other places it seems there are fewer home owners in trouble here, thus the lower homes on the market. Of course being the only Waterfront Gulf Access & Golf Community in Hudson, Florida definitely has its appeal for long term living.

Prices in this Hudson Florida community range from $110,000 – $450,000. To view specific Homes for Sale in the Preserve at Sea Pines feel free to browse them at my website, and search the MLS for free and no obligation, compliments of your Hudson, Florida Realtor Daniel J Hunter

Tampa MSA 2009 Q02 Real Estate Market Report by a Hudson, Florida Realtor

Tampa MSA 2009 Q02 Real Estate Market Report by a Hudson, Florida Realtor

MSA= Metropolitan Statistical Area. There are over 350 in the United States, which are used to give a more local evaluation of Real Estate Markets. National Real Estate numbers are good to follow, but it can not be said enough. All Real Estate is Local. Just ask Detroit or Flint Michigan how they fared during the housing bubble. An area is considered an MSA if, like Tampa, they have over 50,000 people in the area. The MSA also includes surrounding counties if they are interdependent on one another

As you can see in the map above, the median home price for the Second Quarter of 2009 fell to $140,900 which is a drop of 22.1% from the Second Quarter of 2008. And is a fall of 36% from Real Estate Market highs of ~$220,000 in 06

To read the Chart below, the Red Line is read off the Right side dollar values, and the Blue bars are read off the Left side percentage gains/losses. As you can see, while many are saying the Recession has bottomed, their is not yet such an indicator in our local housing market. But keep in mind this is only the first quarters information. We do not have the second quarters statistics yet, which may show a bottom, hopefully.

If you eliminate, or average out Q1 in 2007 it has been a pretty even decline in the market, price-wise, as shown by the Red Lines pretty even decline. And taking out Q1 in 2008 you will see that the pecentage losses, are fairly steadily accelerating as well. But keep in mind each one is year over year. So every 4th blue bar is what is being compared, they are all year over year price declines. All in all, you can see we have pretty much wiped out any and all gains since 2002 in the Tampa Real Estate market. With some housing selling in the teens or low 20′s, I really can not see much more price declines in the general market. There just is not much room for them to go lower.

map and graph courtesy of www.Realtor.org