Today we are looking at the 30 day real estate update for the Indian Trails, Palm Harbor real estate market.  Indian Trails, Palm Harbor is a deed restricted community that has tree lined sidewalks, wonderfully landscaped homes with large yards, is very close to the Pinellas bike trail and of course the wonderful Clearwater beaches and the Sponge Docks of Tarpon Springs.  For specific community information, visit the Sun Bay Associates links page for school, community activity, tax info and much more.

Here is the latest information on the Palm Harbor real estate market in Indian Trails, Palm Harbor.  There are 6 homes listed for sale.  Two of these have been listed in the last 30 days.  One, a 2,796 square foot pool home with 4 bedrooms on Treetop Drive has only 16 days on market.  This is a Palm Harbor short sale.  The other new listing is a 3,018 square foot pool home with a 3 car garage, 4 bedrooms and 4 baths, has only 25 days on market and is not a Palm Harbor short sale.

Short sale houses are often a very good purchase since the owner usually lives in the house and is maintaining it.  These homes often sell for as much as 15-20% below market value so a buyer looking for a "deal" can find a house available for less than market value yet is good condition.  A key difference between a short sale and a bank owend home is that usually the foreclosed house is well below market value, by as much as 40%, however it is in need of major repairs or maintenance, so the 40% savings in purchase price can be eaten up quickly by repairing the home to make it livable.  Traditional, short sale and foreclosed homes all have market advantages, and there are very often more drawbacks when looking at distressed property, especially the maintenance issues.  The longer a house sits empty, the more likely the purchase price savings is going to be consumed by repairing the house.

There is one Palm Harbor distressed property in Indian Trails that is a foreclosure.  It is at 1401 Indian Trail South, is a 2,404 square foot pool home with 3 bedrooms/2 baths and is listed for only $192,000.  This Palm Harbor distressed property is very well priced for this community.

For this 30 day reporting period, there are three homes listed with pending contracts in Indian Trails, Palm Harbor.  All three are Palm Harbor short sale homes.  One, a 3,136 square foot home with 4 bedroms and 2 1/2 baths is listed for $227,000 and had only 5 days on market before it went under contract.  The other two houses in Indian Trails, Palm Harbor that are under contract and are also Palm Harbor short sale homes are:  1300 Indian Trail S, a 2,324 square foot pool home, with 3 bedrooms and 3 baths.  The other home under contract in Indian Trails, Palm Harbor is at 1429 Rolling Ridge Rd., is a 2,599 square foot pool home with 4 bedrooms and is listed for $265,000 with 185 days on market.

For additional information on homes in the Palm Harbor area, or for Palm Harbor short sale homes, contact us or visit Sun Bay Associates Market Snapshot page where you can enter specific any specific address to learn more about the neighboring community, real estate activity and prices, and much more.