New Port Richey, Florida Real Estate Blog

Bake Sale in November at Ventana Townhomes at Waters Edge in New Port Richey

Daniel J. Hunter (REALTOR®) — Thu, 03 Nov 2011 14:41:56 -0700

Bake Sale in November at Ventana Townhomes at Waters Edge subdivision in New Port Richey

There will be a bake sale every Saturday in November from 8am to 2pm

at the entrance to Ventana Townhomes

which is at the intersection of MoonLake Rd & Randee Rd

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Sinkhole Rates go up THROUGH THE ROOF!!!!!

Daniel J. Hunter (REALTOR®) — Sun, 04 Sep 2011 17:32:53 -0700

Sinkhole Rates go up THROUGH THE ROOF!!!!!

Hopefully you are already aware, but if not put on your seatbelt. Citizens is raising the premium for Sinkhole coverage by as much as 20x higher. One report has Pasco Counties sinkhole rates going from ~$1700 to almost $6000

I have never advised a client to drop any portion of insurance, but Citizens may drive more policies to not carry Sinkhole policies. You see Sinkhole policies cover damage from sinkhole activity. And yes there has been massive fraud, but instead of addressing that, they do this.

However a basic homeowners policy from citizens covers Catastrophic damage from Sinkholes. What does that mean to you?

If you home is damaged, you pay out of pocket if you do not have Sinkhole coverage. But if you let the damage grow over time, the house will eventually be unlivable. And your regular homeowners policy does cover catastrophic damage.

Citizens seems determined to make Sinkhole coverage unattainable for most people, meaning they will have to pay catastropic claims instead of fixing the problem, before it gets catastrophic. Backwards thinking in my opinion.

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June 2010 market report and Houses for sale in River Ridge, New Port Richey, Fl

Daniel J. Hunter (REALTOR®) — Sun, 04 Sep 2011 17:30:03 -0700

June 2010 market report and

Houses for sale in River Ridge, New Port Richey, Fl

Less than four months inventory, not too bad. Actually pretty darn good for Home sales in Pasco County. Some would attribute this to the fact that River Ridge is highly sought after with buyers, especially families. River Ridge is the school district in New Port Richey that I have had the most requests.

Just like the whole market in our area 1/3 if homes are distressed in River Ridge, New Port Richey. And yet despite that they are closing at a higher ratio than the greater area. With one of the lowest inventory levels in Pasco County, based on months of inventory, I think this speaks volumes to the quality of owners in the community.

Average days on Market (DOM) for Homes For Sale in River Ridge is ~4 months. Yet when priced right you will see that the average DOM for homes under contract is 2 months or less. And the average days on market for Homes that sold in June 2010 in River Ridge New Port Richey was on the market for an average of 63 days. So if your house is languishing on the market, among other issues, you might want to revisit the list price

View River Ridge, New Port Richey, Florida in a larger map

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Homes for sale in New Port Richey with Market Report for July 2011

Daniel J. Hunter (REALTOR®) — Tue, 23 Aug 2011 15:50:54 -0700

Homes for sale in New Port Richey with Market Report for July 2011

As you can see in the graph below, we are seeing a little bit of an uptick in prices (black line), however the overall trend is to the downside. This uptick is most likely a few extra highend homes sold. On top of that there is usually a surge as families relocate in summer before the new school year starts

See the charts at My Home on the Internet

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Sinkhole Rates go up THROUGH THE ROOF!!!!!

Daniel J. Hunter (REALTOR®) — Tue, 23 Aug 2011 15:18:02 -0700

Sinkhole Rates go up THROUGH THE ROOF!!!!!

Read the Rest of the story at My home on the web

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Investor Alert!! Fire Sale in Pasco County, Florida. Houses for under $25,000

Daniel J. Hunter (REALTOR®) — Tue, 23 Aug 2011 15:10:53 -0700

Investor Alert!! Fire Sale in Pasco County, Florida

I am currently aware of 16 Single Family Residences for sale under $25,000

actual prices range from $15-25,000

Give me a call or email me if interested

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West Pasco, Florida Waterfront July 2011 Market Report and Homes For Sale

Daniel J. Hunter (REALTOR®) — Tue, 23 Aug 2011 15:10:03 -0700

West Pasco, Florida Waterfront July 2011 Market Report and Homes For Sale

As usual, the waterfront market is moving slower than the rest of the market. Price and Insurance being the two biggest hindrances to that segment of the market. But it is moving, albeit slower than the rest of the county

read the full story at my Home on the Internet, which includes graphs and charts

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Active Rainers! Donna Foerster needs your prayers!

Daniel J. Hunter (REALTOR®) — Fri, 05 Aug 2011 10:39:45 -0700

disregard my babbling and jump the actual content below. Just helping to spread the word about a community member, just to make sure everyone knows 25 words yet? apparently not because it was rejected by the new Overlords

Via Ruth@WRStarkey.com: Pre-apprvls, 1st Time, Move Up Buyers:

Many of you have seen Donna's picture, read her blog, and even been regular commenters on her posts. Her husband, Rich, told me today there have been many emails sent to Donna from her friends at AR asking where she was and was she okay because she hasn't been blogging. So, with his permission, I'm writing a brief post to let you know how concerned we are all about her health right now. And to ask for your prayers.

Donna wasn't feeling well early last week, she thought she might have eaten something that caused food poisoning. Just a little over a day and a half later, she needed to be rushed to the hospital, had undergone two surgeries, and as of today, a week ago now, she still has not regained consciousness long enough for the doctors to feel it's safe to remove her air tube. Her white blood cell count today was so elevated that it is obvious the removal of approximately 75% of her small intestine did not rid her body of all the infection. The last I heard the doctors were weighing the pros and cons of yet another surgery.

Please take a moment to mention Donna in your prayers if you would.

Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Starkey Mortgage.

Ruth Vogt, Branch Manager

Colorado #LMB100023827, NMLSR# 257576

   www.MyLenderOfChoice.com

   rvogt@wrstarkey.com



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Chris Nocco appointed Sheriff of Pasco County, FL by Gov. Rick Scott

Daniel J. Hunter (REALTOR®) — Sun, 01 May 2011 15:54:53 -0700

Chris Nocco appointed Sheriff of Pasco County, FL

A native of Philadelphis, Mr. Nocco was a Major with the Pasco County Sheriffs when Sheriff Bob White announced he was stepping down. Sheriff Nocco will finish out the remainder of Sheriff Whites current term which ends in 2012. I would like to congratulate Sheriff Nocco and wish him the best going forward.

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Majority of Tampa is being bought up by People with Cash

Daniel J. Hunter (REALTOR®) — Wed, 27 Apr 2011 20:41:17 -0700

That is right folks, this year the Majority of Tampa is being bought up by People with Cash. This was the front page of the St. Pete Times Real Estate Section.

In Hillsborough County 50.1% of properties went to Cash Buyers

avg price - $140,360

In Pasco County 58.77% of properties went to Cash Buyers

avg price - $132,000

In Pinellas County that number struck 65%

avg price - $165,700

Keep in mind, nationally cash buyers account for only ~35% of solds. Another consideration is that these numbers are from Snow Bird season. Snowbirds rent a season or more, while getting to know the area, and than buy before the end of the season, so they have a place set up for next season. As they are closer to, or in retirement, they are not looking to take on more debt, so they tend to pay cash.

Of note in the report was that there are more than 2,500 homes priced under $50,000 for sale

Some are speculating that the bottom has arrived. Personally, prices can not go much lower. Some houses have sold for around $10,000 (yeah they need work.) New construction is available for under $100 per square foot. So if you are thinking about purchasing, you might want to pull the trigger now

I say that because if you wait, not only could you miss the bottom, but interest rates CAN NOT stay this low for very much longer. The result of waiting for a cheaper house, could be way more offset by a higher interest rate.

Original source for the statistics posted are located at the St Pete Times

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Cotee River Seafood Festival at Sims Park in Downtown New Port Richey

Daniel J. Hunter (REALTOR®) — Sat, 23 Apr 2011 17:51:12 -0700

Cotee River Seafood Festival at Sims Park in Downtown New Port Richey

Ed Morse Auto Plaza is pleased to present the festivities this year, along with Bright House Networks, Lucas Green & Magazine, The City of New Port Richey, and Visit Florida

At the Cotee River Seafood Festival along with a free boat show you will enjoy live music, Boat dealers & vendors, delicious seafood, as well as an Arts & Crafts village and a Classic car show. Bring the kids along they will have fun in the Kids Activities Zone

Lucas, Green & Magazine present Blues by the River Concert featuring

Saturday May 14th

Ed Wright 12:00-1:20

Howlin' Buzz 1:40-3:10

Lazy Boy & the Rockers 3:30-5:00

Mind Balm Showcase & Lee Pons & Franc Robert 5:20-6:50

Willie Lomax w/ Sean Brown 7:10-8:40

Debbie Davis 9:00-10:30

Sunday May 15th

C-Side 12:00-1:20

Cruzen for a Bluzen 1:40-3:10

Josh Lamkin & Automatic Heat 3:30-5:00

Boat show will be Sat 10-6 and Sun 10-5

Arts & Crafts Village will be open Sat 10-6 & Sun 10-5

Car Show will be Sat ONLY 10-3

A good time is to be had by all kids of all ages, so see you down at the Cotee River Seafood Festival at Sims Park in Downtown New Port Richey running from May 13th through the 15th. Mark your calendars, set a reminder and enjoy why we are Loving Life in New Port Richey

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Cotee River Seafood Festival - Good or Bad for Downtown New Port Richey

Daniel J. Hunter (REALTOR®) — Sat, 23 Apr 2011 15:24:56 -0700

Cotee River Seafood Festival - Good or Bad for Downtown New Port Richey

New Port Richey is well known throughout the region for the numerous fun and entertaining community events they host throughout the year, including Cotee River Seafood Festival which is going to take place this year on May 13th - 15th

As with major events anywhere else in the country, or the world for that matter, road closures to make events pedestrian friendly are an issue, especially when family events occur. Such events are vital to a community to grow, and even more important when times are as tough as they have been for the area, as a distraction from the drudgery of the everyday struggle of so many.

As a result of road closures business owners are expressing concerns about effects on their business due to the events. Quite understandable as nobody goes into business to NOT make money. So where is the balance?

Obviously the event has to be safe. Road closures should be approached with practical common sense. And the business' affected by the shut down should figure out how to capitalize on a gathering of 1000's of potential customers. When roads are closed, I think it is safe to assume your storefront is getting the highest level of foot traffic it will ever get.

Instead of Cotee River Seafood Festival and other major events being a handicap, it should be an awesome oppurtunity to get in front of the consumer. Success in business is not always about how much you put in the till 'that' day. A successful promotion, especially one coordinated by a group of business can have long lasting affects on driving future recurring business.

Working together everyone can benefit, but having events right in the heart of Downtown New Port Richey does make it more challenging to deal with. But shouldn't it be a win for all - organizers, participants, general public, and local business'.

In the end, have a fabulous time at the Cotee River Seafood Festival in Downtown New Port Richey on May 13th - 15th. A good time is guaranteed to be had by all

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5 Foreclosure myths exposed by Freddie Mac

Daniel J. Hunter (REALTOR®) — Thu, 24 Mar 2011 10:04:48 -0700

5 Foreclosure myths exposed by Freedie Mac

there is a lot of misinformation out there these days with regards to the housing market. Always do your homework/research and only use trusted professionals. How will a foreclosure affect my credit? How long until I can buy another home after foreclosure or a short-sale?

Well all the buzz, chatter and misinformation finally reached the Mortgage giant Freddie Mac and this is what they had to say.

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It is time for Chasco Fiesta Again 2011

Daniel J. Hunter (REALTOR®) — Tue, 22 Mar 2011 18:39:26 -0700

It is Chasco Fiesta time again. Chasco Carnival rides open at 5 p.m. Thursday and will continue until April 3. West Pasco Sertoma Beef BBQ anticipates serving 15,000 lbs. of beef Thursday through March 27.

The following week they switch to West Pasco Sertoma Chicken BBQ. Chasco Fiesta is the counties largest tourist attraction. It features the Sand Soldiers of America Chasco Fiesta Street Parade on Saturday at 1 p.m in honor of all military members.

Another popular event is the Car, Truck & Bike show. This will occur on March 27th from 8 am - 3 pm.

For more information you can click here, Contact the West Pasco Chamber of Commerce - (727) 842-7651 Chasco Fiesta Hotline at 1-877-4CHASCO (877-424-2726)

The blog I wrote last year got a lot of hits, but it was nothing compared to the turnout. Weather is anticipated to be spectacular with Temps forecast for around 80* F during the day down to lows in the 60's* F overnight.

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Great Values on Single Family Homes in New Port Richey this Christmas

Daniel J. Hunter (REALTOR®) — Sun, 19 Dec 2010 18:26:10 -0800

Great Values on Single Family Homes in New Port Richey this Christmas

You know what they say, one mans pain is another mans opportunity. Well here in New Port Richey, specifically as well as West Pasco County, generally speaking, we have endured some real pain the economic down turn, and these attached homes for sale are prime examples.

Would you have ever thought you could buy a home for $10,000?

How about a 3 bedroom home for less than $35,000?

The lowest List Price per Square Foot is an absurd $11.

Well we have both an many many more similar oppurtunities in the embed below

Below, I find it best viewed if you click on FULLSCREEN in the header of the embed and scroll with the arrowsat the bottom. Than exit Fullscreen at same place you clicked to go fullscreen

NPRXmasSales

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