Gulf Harbors, New Port Richey, Florida Waterfront subdivision Market Report Feb 2010
Only 4 sales in the Gulf Harbors Gulf Access Waterfront Community in February 2010. While not a stellar showing, considering current market conditions, and how some waterfront communities had ZERO sales in February, things are not so bad in Gulf Harbors. The community with its own private beach may have 20+ months inventory, but at least some of the properties are moving.
This was another community you could not realistically get into for under $300,000 before the market collapse. Looking below, you can see Active's range from $95,000 to $1,390,000. However the price range on properties under Contract is only $149,900 to $289,000. Whereas The price range for sold properties is $80,000 all the way up to $465,000 You will notice though that we have gone from an average of ~90 Days on the Market for the rest of West Pasco County, in Gulf Harbors it is now averaging 186 Days on Market.
Lastly we have a look at the Gulf Harbors Distressed Market Report. And you will see the usual bar graph, just slightly different numbers. The majority of homes for sale are NOT distressed. However the majority of homes under contract ARE distressed. Unfortunately for these buyers, at least in February, closings only happened for NON-Distressed homes
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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There has got to be some demand for properties that has their own private beach such as Gulf Harbors! Looks like the pendings are building!
Well Renee, since the subdivision is in the south of the County (closer to Tampa & Clearwater (where the jobs are)) this subdivision has held up much better than the rest in the county. It is a beautiful community but it has like a dozen or more subsection with varying deed restrictions/ codes. Hope today is as great as yesterday was in your pictures.
Daniel,
Isn't it a joy to work in areas like Gulf Harbors?? Hopefully spring time will help to clear out the 20 months worth of inventory... glad to see the 4 recent sales.
great place to live and work Judi. And I hope you are correct, but I fear the double dip recession / housing market are strong possibilities