What Active Adult Communities are the Buyers Going to in West Pasco, County Florida in 2010?
257 Active Adult homes sold in the first half of 2010. That is just over 1.4 per day, which is not that impressive, but given the unknown future I can certainly understand why people are not retiring, much less relocating. The good news is that, unlike the rest of the market only 5% of the Active Adult Communities are Distressed home sales. The overall market has about 33% distressed properties, both actives and Sold properties.
Distressed property means that a home is in some form of foreclosure. It is either:
- pre-foreclosure
- in foreclosure
- Short Sale (selling a home for less than is owed on the mortgage)
- bank owned (REO=Real Estate Owned)
Without knowing which path the country is headed, it is hard to plan for the future. The same thing applies to business' and new hires. How can they invest in new employee's if they do not how much it will cost to hire that new employee. It is much more difficult than just what will be her/his hourly pay/salary.
The most popular Active Adult Communities to buy into in Western Pasco County are:
- Timber Oaks 34 units Surprised as the golf course is closed and for sale = uncertainty
- Heritage Pines 26 units New(er) US Home/Lennar Gated Golf Community
- Heritage Springs 25 Units New(er) US Home/Lennar Trinity Golf Community
- Heritage Lake 24 Units
- Summertree 14 Units
- Timber Greens 12 Units
- Ponderosa park 8 Units popular well maintained Mobile Home Community
