Westlake Village in Palm Harbor is a community with its own community pool and park.  It is a beautiful neighborhood with mature oak trees and the location is very convenient to the Pinellas bike trail, beaches in Clearwater, Dunedin and Tarpon Springs.  This community is zoned for the Palm Harbor University High School, too.

Currently there are 9 homes listed for sale in Westlake Village and two of these are Westlake Village short sale houses.  One Westlake Village short sale is at 560 Hollow Ridge Rd, is a pool home with 1,823 square feet and is listed for $169,000 with 335 days on market.  The other Westlake Village short sale is on 835 Hillside Dr., is a pool home, with 1,799 square feet and is listed for $229,000 with 32 days on market.  The other seven active listings in Westlake Village are not distressed sales.

Visit Sun Bay Associates Market Snapshot site to get real time real estate information on any specific neighborhood of your choosing, whether it be Westlake Village, Baywood Village or any other community in the greater Tampa Bay area.

There are currently 6 houses in Westlake Village that are under contract.  Two are Westlake Village short sale homes and one is a Westlake Village foreclosure home.  The Westlake Village foreclosure is listed for $165,000 and was only on the market for 19 days.  The two short sale houses are listed for $197,000 and $208,240.  The Westlake Village short sale listed for $197,000 is a 2,602 square foot pool home with 4 bedrooms and 2 and 1/2 baths.  It was only on the market for 30 days.  The other Westlake Village short sale is listed for $208,240, is a 2,192 square foot home with 3 bedrooms and 2 baths.  It had only 0 days on market when it went under contract.

Two houses sold in Westlake Village in the last 30 days.  One, at 30 Knollwood Ct. was listed for $169,000 and sold for $170,000 after only 67 days on market.  This house was a Westlake Village foreclosure and if you will notice, as often happens with bank owned houses, the sold price was above the list price.  The other house that sold was on 535 Hollow Ridge Rd., and was a Westlake Village short sale.  This house was listed for $194,916 and sold for $198,000 after 60 days on market.  Again, this house sold for more than the list price because the market recognized that this is a very good buy in Westlake Village.

If you would like to create your own personalized search for real estate in the Greater Tampa Bay area, visit Sun Bay Associates Free Home Search link, build your search to your exact specifications and get real time infomation on listings and sales in the area.

The prices for Westlake Village are being held down somewhat by the distressed sales and listings in the community.  As they are cleared out, it is quite possible that the pressure to keep prices so low will abate and those who are considering selling may get more for their homes, after the distressed properties are sold or greatly reduced.  As it stands now, of the 8 houses under contract of sold in this 30 day period, 5 are distressed properties.  Only 2 of the active listings are distressed, leaving 7 "traditional" real estate sales.  Eventually the distressed properties will be sold ad the real estate market will stabilize and start to recover.  The big question is how long before the recovery actually starts, and the answer to that is anyone's guess.

Happy House Hunting!

at Keller Williams Realty, Palm Harbor, FL