✽ West Pasco County, Florida Single Family First Quarter Market Report ✽
Well given the reports I have posted on the previous months this year, there rally is no surprised here, and in fact the shapes sure are starting to look the same. By Dividing the number of homes for sale, by the number of homes sold in the First Quarter you get how many months of inventory are on the market. At the rate of current sales, there is ~10 1/2 months.
So excluding any new homes coming on the market, it would take 10 months to sell all the current inventory. But since homes will come on the the market for sale the inventory levels fluctuate. The trend this creates indicates whether the West Pasco Single Family Real Estate Market is improving or getting more depressed.
In the Chart below we again see the same pattern as is the 'new normal' for West Pasco County, Florida Real Estate. Although, going just by eye, there seems to be a softening in the contrast between normal and distressed properties based upon previous charts. But we need more data to see if all that is occuring is an improvement or a breath of relief before the so called shadow inventory gets dumped on the market. For now I will with a description of Partly Sunny, but unable to make a forecast
$8,000? $10,000? $20,000 $11/sqft? Are you kidding me? How is it investors are not pouring into this county. The bargains are extraordinary. You can actually buy a home for less than most new cars.
West Pasco County, Florida is having a fire sale with prices not seen for many years.
SOLD for $13,500 in West Pasco County, Florida. That 594% is an data entry error in the SP/LP column. I tried to get the realtor to correct it, but as you can see...
If you are looking to buy your first home, if you are an investor, or a soon to be retiree, I think you can see that there is not much room left for the housing market in West Pasco County, Florida to go down
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