Palm Harbor Florida Market Report for August 2011 is as follows:
There were 68 single family homes sold in Palm Harbor Florida during August 2011. The most expensive of these was a home sold on the island of Indian Bluff that was on the market for 170 days. This spectacular 5 bedroom, 4.5 bath 3921 sq ft waterfront home overlooks the sparkling waters of the Gulf of Mexico. The heated pool and spa are near the long dock with 3 lifts to accommodate your boat or jet ski. Located on a cul-de-sac, this beauty was listed for $999,995 and sold for $955,000.
The least expensive single family home to sell during the last month was a 2 bedroom 1 bath home with 935 sq ft located in the Lake St George community. This was a short sale that was listed for 68k and sold after only 6 days on the market for 69k.
The average time on the market for the single family homes that sold during August 2011 in Palm Harbor Florida was 147 days.
In the category of townhomes, villas and condos there were 36 closings during August 2011. On the high end of this list is a 3 bedroom 2.5 bath townhome in Boot Ranch with views of the canal that leads into Lake Tarpon. This 2998 sq ft townhome was on the market for 641 days! Listed at $299,877, it actually sold for $275,000.
At the lower end of this list of 36 clossings we find a 2 bedroom 2 bath bank owned HUD condo in Harbor Club. This condo with 898 sq ft was listed at 38k and sold after 11 days on the market for $38,100.
The average time on the market until closing for villas, condos and townhomes that closed during August 2011 in Palm Harbor Florida was 146 days.
Once again, those that need repairs and are priced extremely low are on and off the market in a flash! We are seeing some unbelievable prices and people are taking advantage of this! What surprises me is the number of people purchasing for their retirement in advance, so they can benefit from the fantastic prices that are available.
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