May 2010 West Pasco County, Florida Distressed Active Adult Communities Market Report
I am actually surprised by a couple of things in this report. For one thing, there seems to be a decent amount of sales considering that Snow Bird Season has ended.
Also despite the Post-Snowbird season anemic numbers, There also appears to be just under one years inventory in the Distressed Active Adult market, just like the rest of the market.
Another surprise was the low amount of Distressed Properties on the market percentage wise. The broader market of Actives & Solds typically are one third Distressed Properties, whereas on 5% is distressed in Active Adult Communities.
Unlike almost every other Distressed market chart I generate, Distressed Properties have a consistently lower portion of the total market. Unlike so many other reports where Active distressed accounts for about one third of Actives. But it usually reverses for properties under contract, yet it returns to one third of solds are Distressed Properties
