Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Westlake Village , Palm Harbor - a 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Today's 30 day real estate market update is for Westlake Village, Palm Harbor.  This is a charming neighborhood, with tree lined streets and park like setting, close to the Pinellas bike trail and of course near to many of Florida's best beaches, including Honeymoon Island and Caladesi Island state parks, just a short drive away.  Or even a pleasant bike ride for the more adventurous of us.

For the last 30 days, there are 7 houses listed for sale, with list prices ranging from $185,000 to $298,000 and the average list price is $256,486.  The days on market range from 15 to 168 and the average days on market is 98.  Of the seven houses actively for sale in Westlake Village, only one is a distressed property, a short sale and is termed a fixer upper.  This is a great opportunity for an investor to buy in Westlake Village, Palm Harbor and with a little elbow grease, and yes, some cash, renovate this house, with over 2,000 square feet and get in to this very nice neighborhood.

For this 30 day period, there are currently 5 houses under contract.  All five of them are distressed property, four are short sales and one is a bank owned house.  The list prices for these houses range from $169,900 to $225,000 with the average list price for these houses under contract being $199,950 and the days on market range is from 0 to 215, with the average days on market at 79. 

One house sold in this 30 day period, listed for $239,000 and sold for $237,500 after 118 days on market.  This is a beautiful home on .4 acres, a totally remodeled kitchen with custom cabinets and granite countertops, a true showplace home.  This home was NOT a distressed property.

As you can see, the average list price for the 7 houses still for sale, on average with 98 days on market, is just over $256,000.  The average price for the 5 houses under contract, on average with 79 days on market, is $199,950.  This is more than a $50,000 difference between what people want to get for their homes and what the current market demand is saying homes in the community are worth.  Granted, the houses under contract are distressed property, however, not the owners are still living in three of them and maintaining them.  This is a fact of life in real estate at the present, and owners need to take the number of distressed property in their areas into consideratioin when putting a price on their home.

Competing against a distressed property, especially a bank owned house, can be disheartening for a homeowner.  A key point to remember is that even though a bank owned house may sell for 75% below market value, it may cost more to renovate it and make the house comfortable to live in than buying the "normal" house just up the block that is listed for more money, yet has far fewer issues for an owner to repair before moving in.

For information on the real estate sales in a specific neighborhood, visit Sun Bay Associates' Market Snapshot for real time data on real estate sales.

To learn more about the greater Tampa Bay real estate sales market, visit Sun Bay Associates' FREE home search and create your own unique real estate search.

If you know someone who may be behind on their mortgage and need somewhere to start finding answers, have them visit Sun Bay Associates' Distressed Property site for free reports and concise explanations for short sales, foreclosures, deed in lieu of foreclosure and much more.  Just click on the logo below.

Westlake Village, Palm Harbor-Your 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Today's 30 day real estate update is for Westlake Village, Palm Harbor.  This is a community within walking distance of Palm Harbor University High School and has beautiful tree-lined streets with a park-like feeling.

As of today, there are 8 homes listed for sale, ranging in list price from $185,000 to $298,000.  Of the 8 homes, the two at the lowest price range are distressed property, one a short sale, one a bank owned house.  One house in the last 30 days is a new listing, 770 HIckory Ln., listed for $185,000 and a short sale.

There are 5 homes now under contract in Westlake Village, Palm Harbor.

535 Hollow Ridge Rd., listed for $194,916 with 60 days on market.  This is a distressed property, short sale.

849 Hillside Dr., listed for $199,900 with 215 days on market.  This is a distressed property, short sale.

20 Woodcutter Ln., listed for $225,000 with 51 days on market.  This is a distressed property, short sale.

505 Sandy Hook Rd., listed for $239,000 with 118 days on market.  This is NOT a distressed property.

740 Hickory Ln., listed for $208,240 with 0 days on market.  This is a distressed property, short sale.

One home has sold in the last 30 days in Westlake Village, Palm Harbor.

827 Hillside Dr., listed for $264,900 and sold for $230,000 after 60 days on market.  This is a pool home, 2,414 square feet and was a distressed property short sale.

In Westlake Village, the average list price for the 8 homes for sale is $249,663 and 85 days on market.  For the 5 homes under contract, the average list price is $213,411 with 89 days on market.

If you would like to follow real estate activity in your neighborhood, visit Sun Bay Associates' Market Snapshot.  If you are more interested in following real estate activity in the greater Tampa Bay area, visit Sun Bay Associates' FREE home search and design your own unique real estate search.

If you, or anyone you know, would like to learn more about distressed property, short sales and foreclosures, visit Sun Bay Associates' distressed property website.  There is a lot of free info there.

Happy House Hunting!!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Westlake Village, Palm Harbor

by Doug & Gwen Campbell at Sun Bay Associates

Westlake Village, Palm Harbor is a charming neighborhood in Palm Harbor, with tree lined streets, clubhouse, an active homeowners' association and is convenient to the shopping and fine restaurants of Palm Harbor.  The neighborhood is a short ride to the Pinellas Bike Trail.  Just hop on your bike, ride to the Pinellas Trail, and then take a break at Strahan's Ice Cream stand.

The real estate market in Westlake Village is doing well, with 7 homes currently listed as for sale.  All are pool homes and range in size from 2020 to 2370 square feet.  The list prices range from $194,900 to $298,000.

There are 5 homes listed as active with contract, ranging in price from $194,900 to $264,900 and averaging 215 days on market.

There is one home listed as a pending sale, 740 Hickory Lane, listed for $208,240 and went under contract immediately.

There have been four homes sold in the last 90 days in Westlake Village, Palm Harbor, including:

620 Hollow Ridge Rd., listed for $195,900 and sold for $189,000 after 166 days on market.

30 Pinetree Ct., listed at $219,900 and sold for $225,000 after only 11 days on market.  This is a pool home and was a bank owend property.

824 Park Ct., listed for $269,000 and sold for $250,000 after 200 days on market.  This is a pool home and is 2159 square feet.

60 Pinetree Ct., listed for $349,900 and sold for $300,000 after 252 days on market.  This is a pool home and is a little over 3,000 square feet.

If you would like to know how the current real estate market in your neighborhood is faring, visit the Sun Bay Associates home page and select the Market Snap Shot.  If you prefer to create your own custom real estate search, visit Sun Bay Associates FREE home search and build a real estate search unique to your needs.

Happy Hunting!!

 

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives

Contact Information

Photo of Gwen and  Doug Campbell - The Campbell Team Real Estate
Gwen and Doug Campbell - The Campbell Team
at Keller Williams Realty
30522 US Hwy 19N, Suite 107 S
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908