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,
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