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

Port Richey, Florida Annual Real Estate Market Report 2009

Well First thing that grabbed my attention was that once again the Sold Price to List Price ratio (SP/LP) is 93% again.  Another thing you will notice is how low the average list price and sale price is.  This has the most to do with the fact that Port Richey have Very Little Waterfront Gulf Access properties to perk up the housing prices. On top of that, most of the properties are actually just in Pasco County as opposed to in Port Richey.  The town of Port Richey is for the most part the commercial area's on US-19 & Ridge Road.

I think you will be very surprised to see the dramatic drop in prices year over year.

In 2008 the average List Price was $96,000 but that dropped to $75,000 in 2009 (a 21% drop)

Whereas average Sold Prices dropped from $89,522 in 2008 to $69,914 in 2009 (a 22% drop)

The Big Picture turn around as far as Port Richey Florida is concerned is the 14% increase in sales from 2008 to 2009.  So unlike Hudson Florida's Annual Market Report,

Affordable Housing in Port Richey, listed by a Hudson, Florida Realtor

For the full listing details http://Dan1.LoveTheGulf.com

Prime investment oppurtunity, but also great for a First Time Home Buyer or an Empty nester.  Snow Birds also love this charming little community of ~60 condo Villas.  NO Stairs, nobody stomping above you either. NO AGE RESTRICTIONS. PETS ALLOWED up to 20 lbs. Seller willing to help with closing costs up to 3%. $260 Monthly maintenance INCLUDES INSURANCE on the Building. Beautifully updated unit. Tile in Common Areas, NEW Wood Laminate in Bedrooms. New Refrigerator. End Unit with nature views. Convenient location for retirees and first time home buyers, and a steal at < $50k. Includes Home Warranty with acceptable offer.

For the full listing details http://Dan1.LoveTheGulf.com

Spectacular Gulf Views from this Unique Home on the Pithlachascotee  River (hudson, Florida Realtor Real Estate)

CUSTOM waterfront with panoramic views of the Gulf of Mexico and the Pithlachascotee River! And built to "V" zone building requirements with concrete block and foam on all three floors! Enter the elegant entry through 10ft Brazilian oak and iron double doors, you are welcomed with travertine marble floors with granite accents, and a grand entry with 26ft foyer, and let the views begin! Large open kitchen overlooking the family room with 14ft ceilings, built in entertainment armoire and double insulated windows for breathtaking sunsets! Kitchen is adorned with only the best, Thermador appliances with commercial gas 6 burner range, Sub-zero refrigerator, granite counters, double ovens & maple cabinets. Formal dining area, den/study with maple paneled walls and couffered ceilings. The master suite is highlighted with double sided fireplace, elegant bath with whirlpool, walk in closet, and private balcony. A large billiard room, up to 6 car garage, and maple paneled elevator, clay tile roof, and much, much more!

offered at $1,695,000.00

full listing info available at http://4729Ebbtide.LoveTheGulf.com/

Condo in Port Richey for Sale by a Hudson, Florida Realtor

http://dan1.lovethegulf.com Full listing details here

NO Stairs, nobody stomping above you either. NO AGE RESTRICTIONS. PETS ALLOWED up to 20 lbs. Seller willing to help with closing costs up to 3%. $260 Monthly maintenance INCLUDES INSURANCE on the Building. Beautifully updated unit. Tile in Common Areas, NEW Wood Laminate in Bedrooms. New Refrigerator. End Unit with nature views. Convenient location for retirees and first time home buyers, and a steal at under $50k. Includes Home Warranty with acceptable offer.

http://dan1.lovethegulf.com Full listing details here

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The rules recently changed and one needs 30% down to buy a condo.   Now if you have $15k are you really looking at $50k condo's?  As nice as this unit is, I think only a cash buyeer wwould be interested.  Any suggestions????  Sellers rode it all the way down as the market collapsed and just want to get rid of the overhead costs.  They know they are going to lose money

http://dan1.LoveTheGulf.com

it's a nice all ages community with ~65 units right next to the counties only mall.  Place used to be a gold mine for me.  I cant give the frigging thing away.  My client even looked into donating the property to Habitat for Humanity. AAAAAAAARRRRRRRRRRRGGGGGGGGGGHHHHHHHHH