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Dunedin Real Estate - It's a Lifestyle

by Doug & Gwen Campbell at Sun Bay Associates

Every community in the nation has 3 bedroom, 2 bath with 2 car garage houses.  The Dunedin real estate market is no exception.  What is unique about the Dunedin real estate market is the Dunedin lifestyle.  Dunedin is located in Pinellas county, on the Gulf Coast.  It has shopping centers, restaurants, boutiques, grocery stores, good schools, and everything all communities need to thrive.  The Dunedin lifestyle is a little different.

Since Dunedin is on the Gulf Coast, it is a waterfront community.  There are stately mansions along the waterfront.  There are numerous city parks for all to enjoy.  The Toronto Blue Jays farm team is in Dunedin.  Dunedin has its own city marina.  And festivals, if you like festivals, you will love Dunedin.  There is a Wine the Blues festival, a Mardi Gras festival, a Cinco de Mayo festival, arts festivals, antique festivals, Olde Fashioned Christmas festival, Music in the Park, and so much more.

Buying Dunedin real estate is your key to a lifestyle that is so much more than just having a house, it is having a home and a unique lifestyle.  There are bricked streets lined with stately live oak trees, the magnificent Gulf of Mexico coastline, Honeymoon Island, Caladesi Island and more.  If you want a lifestyle, and a waterfront community, you need to take a serious look at the Dunedin real estate market.  There is something for everyone.

Click on the button and get a very quick look at what is in Dunedin.

 

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

by Doug & Gwen Campbell at Sun Bay Associates

Baywood Village, Palm Harbor is a charming waterfront community with direct Gulf access by boat, a boat ramp available -with direct deep water Gulf access - for use for the Baywood 5 section of Baywood Village, and a location that is close to the Pinellas Trail, Old Palm Harbor and the many fine beaches of the greater Tampa Bay area.

Click on the dolphins to start your own search for Baywood Village or any specific neighborhood, inbcluding your own that you would like to learn more about.

For the past 30 days, there are 13 properties listed for sale in Baywood Village.  Of these, only one is a distressed property, and it is bank owned with a list price of only $107,900 and 162 days on market.  The other 12 listings range in list price from $175,000 to $935,000 and the days on market range from 12 to 765! 

As we have mentioned on this blog several times, when a property is listed for over 100 days on market, it is very probably priced higher than the market will bear.  When the days on market goes beyond 200, the market is flatly rejecting the list price.

There are two houses under contract in Baywood Village in Palm Harbor for this 30 day period.  Both are distressed property, short sales.  Neither are waterfront homes.  One is listed for $124,000 with 80 days on market.  The other is listed for $149,900 with 244 days on market.

Two homes sold in the past month in Baywood Village. 

332 Westwinds Dr., listed for $159,500 and sold for $155,000 with only 19 days on market.  Seems that at this price the market was willing to accept the price, even though this was a distressed property, bank owned.

335 Crosswinds Dr. listed for $360,000 and sold for $335,000 after only 32 days on market.  Again, the list price reflected the market's willingness to accept a well priced home.

The real estate market may be getting ready to stabilize, however we are not yet ready to say it has.  Prices may continue to decline, although much more slowly than in the past two years, and interest rates are beginning to creep back up, which will erode purchasing power per dollar.

On that happy note, Happy House Hunting.

Baywood Village Update-Palm Harbor, FL

by Doug & Gwen Campbell at Sun Bay Associates

Baywood Village in Palm Harbor, FL is an active waterfront community.  Here is an update on activities in Baywood Village for the month of April.

Easter Saturday is an Easter egg hunt at the community clubhouse for the kids.  This is always a family friendly event and a big it with the kids.  After the Easter egg hunt, the guest of honor, the Easter Bunny will make an appearance for photos with the kids.  Then everyone can have lunch with hot dogs and sodas.

Then the Baywood Village annual fishing tourney gets underway the same day.  Boats leave in the morning and end the day with laughter and a meal in the evening.

The board of directors has arranged for a hazardous materials disposal for April 28.  Bring your hazmat stuff to the Baywood Village clubhouse and Pinellas County will pick up these hazardous materials for disposal, at no cost. 

Finally, in March, the Women's Club collected over 360 items of food to donate to the local F.E.A.S.T.  The people who live here give back to the community of Palm Harbor.  Baywood Village is a great place to live.  As a waterfront community, there are real benefits, like being able to go fishing at a moment's notice, grill dinner on your deck overlooking the canal that leads to the Gulf of Mexico in just minutes.  Those who live here enjoy the life, and also give back to their community.

Real Estate Sales Activity in Palm Harbor, FL

by Doug & Gwen Campbell at Sun Bay Associates

Baywood Village in Palm Harbor,FL is a waterfront community on the Gulf of Mexico with a canal system that connects many homes in the neighborhood to the Gulf.  There is a wide range of home prices in Baywood Village, since the neighborhood was first started in the early 1960s.  The first homes in Baywood Village were built in the early 1960s and various phases were added over the years, with Baywood 5 being the final phase built in the late 1980s.    The phases of construction account for much of the range of home prices.  The real estate sales activity for the first two months of 2010 are below.

In the $125,000 to $175,000 price range, there are 4 houses listed and 3 sold.  The average Days on Market for the active listings is 226, the average Days on Market (DOM) for those that sold is 65.  For the three houses that sold, the average sales price was 91% of the average list price.

In the $175,000 to $300,000 price range, there are 5 houses listed, 2 under contract and 1 sold.  The average DOM for the active listings is 89 and for the one that sold is 379 and it sold for $$145,000.

In the $300,000 to $500,000 price range, there are 6 houses listed, 1 under contract and 0 sold.  The average DOM for the listed homes is 218.

In the $500,000 and above price range, there are 6 active listings, 1 under contract and 1 sold.  The average DOM for the listed homes is 165 and the 1 that sold was on the market for 147 days and was listed at $725,000 and sold for $650,000.

Generally, the longer a home is listed, it means that the list price is too high.  In some cases, especially in a short sale situation, a house may be listed for a long time because of the lengthy bank approval time for short sales. 

Naturally, home prices are down from the peak of 2005, in Baywood Village as just about everywhere else.  When houses are priced properly, sales move much quicker because the marketplace is accepting the prices.  The Days on Market or DOM is a very good indicator for homeowners to use to understand that a house that has no or very little activity in the first 30 days, or is on the market for more than 90 days, needs to have the price adjusted.  This is true in almost all cases, especially in today's market where price is the driver since there is still a lot of inventory.

Baywood Village - a Waterfront Community in Palm Harbor, FL

by Doug & Gwen Campbell at Sun Bay Associates

Baywood Village in Palm Harbor, FL is a quiet, waterfront community that is one of the best kept secrets in  north Pinellas County.  The homes on the canal system have direct access to the Gulf of Mexico and most have docks with boat lifts right out the back door, although in Baywood Village, the dockside is considered the front door.  There is a mix of older homes and newly built homes - with all the upgrades one would expect in a waterfront community.

Of course the fishing in the Gulf of Mexico is excellent, only minutes from your dock.  Just a mile or two away from Baywood Village are Anclote Key and Three Rooker Bar, both boating destinations for the community, whether for a day trip at the beach, a weekend for fishing and partying, or for the outstanding fishing in the flats surrounding these islands.  Also, just a short ride by either car or boat is Howard Park in Tarpon Springs, just north of Palm Harbor.  Howard Park has wonderful beach and picnic facilities and is a very popular destination all year round.

Baywood Village is also a short drive from historic downtown Palm Harbor.  There are wonderful restaurants, such as the Thirsty Marlin, Peggy O'Neills Irish Eatery, and the Old Town Cafe which serves absolutely excellent coffee, coffee specialties and desserts.  Not to mention great lunches.

Palm Harbor also has excellent schools, with the jewel being Palm Harbor University High School.

One of the best features of living in Baywood Village is that it is still an affordable waterfront community.  And in the current real estate market, Baywood Village in Palm Harbor is a desirable and affordable place to live. 

Check it out.  The fish are waiting for you - right outside your "front" door.

Displaying blog entries 1-5 of 5

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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