Things are looking up in the West Pasco Real Estate Market Report for March 2010
Well wish it was better news but lets see what the trend is. We now have 8 months inventory in West Pasco Real Estate. and as you can see we have a nice range of prices to chose from here. Seems as the inventory goes up, so does the number of Days on Market (DOM), unless you priced it right, than it sells on average in ~90 days, as has been the case down here for some time. Unless you are a 7 figure home. There are 16 on the market today, and the good news, is 2 actually sold this month
You will see in the Active with Contracts & Pending Sales that nobody is under contract on a home that would require a Jumbo Loan. $695,000 it the highest Listed Price, which is just under the Jumbo Loan threshold.
Above you see the absurd spread in prices we have in this county, from $14 - 550 per square foot. Surprisingly two million dollar listings sold in March. One was sold for $2.8 Million, surprisingly, with a new Conventional Mortgage. And the one that was negotiated down 20% to under One Million Dollars was purchased with a VA loan. And somebody scooped up a pieced of Real Estate for only $16,000.
West Pasco Florida Real Estate is on Sale.
and we have plenty of inventory as the graph above depicts, and if you do not try to steal it, you can get a great deal on West Pasco Florida Real Estate
And this familiar chart may have changed a few numbers, as well as colors, but the market conditions remain the same. Most houses on the Market are not Distressed. But most homes under contract are Distressed. Yet only about 1/3 of homes sold in March were Distressed. A perfect example of how difficult it is to get a distressed property to closing in West Pasco 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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