New Port Richey, Florida Homes For Sale and June 2010 Market Report
First thing to point out is the number of New Port Richey, Florida homes sold in June are up 10% year over year, while the number of homes on the market remains at the same levels, resulting in a decrease of inventory to only 8 months which is the lowest we have seen in some time.
The New Port Richey, Florida distressed market report you see below is the typical chart for the most part. The one change that stands out to me is that under contract 75% of the properties are distressed where as usually it is 2/3rds of the market. The actives and solds remain solid at 1/3rd normal & 2/3rd distressed.
Just like West Pasco County the overwhelming majority of homes for sale in New Port Richey are under $250,000. The surprise for me was that of the Five homes for sale in West Pasco County for $25,000 or less, Four of them are in New Port Richey. As well as the fact that almost 80 homes can be purchased for less than $50,000. If you are an investor, it would seem now is the time to start building a portfolio in New Port Richey, Florida
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Properties subject to prior sale or rental
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All entries on this blog, unless noted otherwise, is the copyrighted content (2009-present) of Daniel J. Hunter, REALTOR®, and is believed to be true and factual, but it is not guaranteed or warranted.
All information should be independently verified.
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