Gulf Harbors, New Port Richey, Florida Waterfront subdivision Homes for sale & Market Report June 2010
Gulf Harbors is considered by many to be Pasco Counties premier waterfront gulf access community. Touting a private gulf front beach certainly does not hurt that image. And during the boom after the turn of the century it became a knockdown community. What is a knockdown community you ask?
In a knockdown community the value is in the land, not the house. So people with deep pockets who want gulf front property or gulf views (we have spectacular sunsets) buy homes on or near the Gulf. The 1970's ranch home is knocked down and a 2 or 3 story modern stilt home is built in its place. Doubling or tripling the value since its purchase.
Not to many people are doing knockdowns anymore for the all obvious economic reasons, but I was pleased to see that houses are selling in Gulf Harbors. And solds have almost doubled since February 2010's market report As a result inventory levels have dropped to 10 months. Hopefully this catches on.
Below in the Distressed Market graph you will see a much greater disparity between Distressed properties and no distressed. Unlike the rest of Pasco County which usually averages 1/3rd vs 2/3rd's in the breakdown.
Homes for sale in Gulf Harbors are 6:1 non-distressed
homes under contract in Gulf Harbors are 3:13 non-distressed
And the sales are 6:1 non-distressed.
For a community that you could not get into for less than $300,000 in most cases, just a few years ago, I am surprised to see:
3 homes offered for sale under $100,000
24 homes are being offered between $100,000-250,000
31 homes are for sale between 1/4 to 1/2 Million dollars
6 homes are offered between 1/2 to 3/4 million dollars
And 9 homes are for sale for more than $750,000
View Gulf Harbors, New Port Richey, Florida in a larger map
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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