A client/friend of mine just asked this today, with impeccable timing, since I just finished compiling foreclosure statistics for Pasco County, Florida, where she lives.
So let's take a look at Aloha Gardens--a lovely, waterfront community of moderately priced homes in Holiday, Florida. I know the area well, since my own most recent investment property is in the same subdivision.
Here are some stats:
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Holiday, Florida has 69 bank-owned properties currently, which is 12% of the bank-owned properties in Pasco County. (See Florida-FORECLOSURE-FORUM-Whats-Happening-in-Your-County). 16 of these foreclosures are in Aloha Gardens or Tahitian Homes.
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Holiday has also had 59 homes on the auction block, 8 of which were in Aloha Gardens, another 4 from neighboring Tahitian Homes.
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Of the 3,194 pre-foreclosures currently registered in Pasco County, 57 are located in Aloha Gardens, and another 32 are in Tahitian Homes--combined they make 3% of the total of Lis Pendens in Pasco.
So, what other driving forces are affecting the market in Holiday and these neighborhoods in particular?
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There are 540 homes currently for sale in Holiday, 80 of which are either in Aloha Gardens or Tahitian Homes. The average list price in these areas is currently $101,011.
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52 homes have sold in the past 6 months in Aloha and Tahitian, representing 23% of the total sales in Holiday. The average sales price has been $72,940, which is 93% of the list price at the time of offer.
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The 12 homes currently under contract for sale are priced between $34,900 and $92,000 - quite a range of prices, due to the heavy foreclosures in addition to the proximity of some areas to sinkhole claimed property.
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A seller in these neighborhoods at this time with an above-average condition home of at least 1200 square feet (no pool) can expect between 60-120 days on market and a sales price between $79,500 and $89,000.
For more information about these neighborhoods, or any other neighborhood in Holiday, Florida, for a FREE market analysis of your home, or information on foreclosures or foreclosure assistance, please:
To GET TICKETS for the next FORECLOSURE BUS TOUR, FILL OUT THE:
Be sure to tell us how many tickets you'll need, the cost for the entire day will be only $25 per person. Thanks for your interest, and best wishes in your home search.
For more Tips and strategies if you are facing foreclosure-check my website
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