Today's 30 day real estate update, the first of the new year, is for Baywood Village, Palm Harbor.  This charming waterfront community, on the Gulf of Mexico, is a mix of gulf front and canal waterfront homes, has a great location close to downtown Old Palm Harbor, is very near to the Pinellas Trail, and just may be the best kept secret of a waterfront community in Pinellas County.

In the last 30 days, there were 14 properties listed for sale in Baywod Village, Palm Harbor.  Nine of these are waterfront homes.  The list prices range from $107,900 to $935,000 and the days on market range from 103 to 736.  Of these 14 properties, 3 are distressed property, two short sales and one bank owned property.

There are 4 houses under contract in Baywood Village.  Of these, 3 are distressed property, two short sales and one bank owned property.

357 Westwinds Dr., listed for $124,000 with 80 days on market is a distressed property, short sale.

225 Westwinds Dr., listed for $125,000 is a distressed property, short sale, with only 1 day on market.

332 Westwinds Dr., listed for $159,500 with 19 days on market is a distressed property, bank owned.  This is a waterfront home.

335 Crosswinds Dr., listed for $360,000 with only 32 days on market is a waterfront home and is NOT a distressed property.  This is a 2347 square foot home with a 2 car garage.

The days on market is a very strong indicator of how well priced a home is.  When a home is for sale for over 100 days and has no offers, it is very likely priced too high for the current market conditions.  One should take note that of the four homes under contract, the days on market are 1, 19, 32 and 80.  This indicates that the market readily accepted the list pricing of these homes. 

The average days on market of the homes that are still for sale, and NOT selling, is 261.  This is a very strong indication that the market is not accepting the list price of these homes.  Each of the homes listed for sale in this last 30 day period in Baywood Village has more than 100 days on market, indicating that the market is not accepting the pricing of these homes.

Four houses listed in Baywood Village expired in the LMS in the last 30 days.  The days on market for these were 182, 211, 291 and 692.

For information on any listing in Baywood Village, Palm Harbor, simply contact us at 727-939-1515.

If you would like to perform a real estate search in a specific neighborhood, visit Sun Bay Associates' Market Snapshot for real time real estate information in that neighborhood.

If your preference is to create your own unique real estate search in the greater Tampa Bay area, visit Sun Bay Associates' FREE real estate search site and design whatever real estate search you want that fits your needs.

To learn more about distressed property, and short sales or foreclosures in particular, visit our distressed property website for free reports and other information.

Happy New Year!!