New Port Richey, Florida Real Estate Market Report for January 2010
First picture below is the Comparative Market Analysis for ALL Sold waterfront Gulf Access homes in New Port Richey. Only 4 sold, but they did so in a respectable amount of time, and for ~90% of List Price. So if a house is priced right, as you can see, it moves within ~3 months.
Next we have the general breakdown of the New Port Richey Single Family Real Estate Market graph. Here we see that New Port Richey has 11 months of Houses on the market, which isn't too bad considering there has been a spike in inventory in most areas of the state. The disparity between the # of houses under contract compared to how many actually close will be more clearly defined in the last graph.
This is pretty typical of most markets these days. Distressed properties take much longer to close typically, compared to a traditional sale. Distressed homes account for less than 1/3 of the Homes For Sale Market. However when you move up the chart below to the Houses under contract you will see the Distressed Properties are ~60% of the market. But than when we look at what has sold the ratios revert back. Only about 1/3rd of the houses that Sold were Distressed.
I am just a Local REALTOR®
The information I have provided above was generated from my Local MLS. It is believed to be accurate but is neither guaranteed nor warranted.
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