New Port Richey, Florida Real Estate Blog: Florida: Bayonet Point

Beacon Woods, Bayonet Point, Florida Distressed Real Estate Market Report November 2009

As you can see in the chart below, Beacon Woods subdivisions are currently sitting on ~18 months of inventory at a casual glance.   The large amount of contracts speaks to the number of distressed properties.  Until now Beacon Woods has been doing rather well, but it also may be a seasonal/holiday adjustment to be considered in the declines of sales, and increase in inventory, above the County range

The graph below shows a much better break down of the Beacon Woods market, unlike others.  ~1/5th of Active properties are distressed, whereas the number of distressed properties under contract is equal to the number of normal properties under contract.  Yet the number of distressed properties SOLD was 1/3rd of the Sold market.  However based just on the raw numbers there is 21 months of normal inventory compared to 10 months of distressed single family homes inventory.

Homes sold in Beacon Woods at the prices of

  $52,000

  $50,000

  $89,900 (pool home)

$119,500 (pool home)

$100,000 (pool home)

$175,000 (pool home)

Homes sold for between $29.36/SqFt - 69.44/SqFt

Sold Homes spent between 7 - 59 Days on the market with an average of 24 DOM and a median of 19 DOM

Beacon Woods, Bayonet Point, Florida Real Estate Market Report October 2009

Beacon Woods is ahead of the rest of the local market.  It only has 8 months inventory.  And for such a large subdivision inventory levels are low and dropping.  The # of homes sold has dropped a tad, but when there are only ~10 sales per month, a bit of a variance is to be expected that can result in 10-20% swings, while only selling one or two more or less houses.  

So it seems interest is pretty constant while inventory is dropping.  Good sign for the Community short term anyways.  not ready yet to make any long term predictions

Compared with the rest of the Hudson, Beacon Woods Active Properties are split similarly when it comes to distressed properties.  But unlike Hudson, the Homes under contract or that have been sold are evenly split.  

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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.