Can you say Foreclosure City?

Real Estate Agent with Sailwinds Realty

Florida - and the whole country

An area of several newer subdivisions sold for the mid- $300,000's and up for single-family homes about 5 -7 years ago. Condos and townhomes sold from 180,000. Homes were selling like hotcakes.

Recent sales in the area run from $88,000 for a condominium to $350,000 for a single family. There are 145 short-sales/pre-foreclosures/foreclosures in the area  and 33 homes/condos that are not (short-sales, etc.)

Stack of Cards -

Most have been on the market for over a year and range from $90,000-125,000.

I'm not putting in the name of the subdivisions; I think they have enough problems as it is.

Isn't there anything anyone can do or suggest as a way to help the housing market and the people losing their homes. This is a very sad commentary on the ways things are in this country.

This is just one small area that I was looking up for a friend but there must be hundreds of these all over the country: subdivisions that were built on the cusp of the down-turn. Families who were thrilled to be buying their dream homes have lost everything and no-one does anything about it.  It's becoming the norm;  just pack up and leave the dream.

People (customers, friends) ask me how much longer will it continue? No-one seems to know. I sure don't.


Recent Posts by Toni Weidman

SPCA Suncoast News SPCA Suncoast Black Friday Adoptions 
Moonlight needs a home - See this wonderful dog at SPCA Suncoast 

What do Walmart and Men in Black Have in common? Find out. 

Wild Turkeys in Timber Greens - What are they thinking? 

Talking about Turkeys – Take a look at this fun and delicious cookbook 
Built in 1919-A Hurricane changes the church's direction - it's moved by a big wind in 1921 
Baker House -  The Oldest Cracker House is in Centennial Park, Holiday, FL 
Cozy Cottage for a bargain -  Look at what I found.  
History in Starkey Park-New Port Richey, FL - The McNeil Homesite was deeded in 1882

Home Sales in Trinity, Florida -   Home Sales for October 2010 
Home Sales in New Port Richey, FL 34653    Home Sales for October 2010
Home Sales in New Port Richey, FL 34655 - See what's happening in New Port Richey
Home Sales in Holiday, FL - Home Sales for  October 2010 
Home Sales in Gulf Harbors Waterfront subdivisions- For October 201
Banjo loves Pumpkins at Big Cat Rescue, Tampa, FL - What is a Binturong? Glad you asked. 
Where the bed bugs are - Bed Bug Registry


Posted by


Thinking of Selling Your Home in Trinity-New Port Richey to Hudson?
Craig and I have been selling in this area for 20+ years.
Call Me or email my assistant, Shayna.
Toni Weidman-New Port Richey FL Shayna Weidman
Toni Weidman
Florida Luxury Realty
Trinity, FL 34655
 Toni Weidman on TwitterToni Weidman YouTubeToni Weidman Linked In Profile Google+ icon  
Save A Life: Adopt A Shelter Pet



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Florida Pasco County
Active Rain Newbies
This Doesn't Belong On Active Rain
new port richey fl
toni weidman

Spam prevention
Show All Comments
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Toni and for a minute there I thought you might be writing about Las Vegas ...

Vegas Bob ;)

Nov 20, 2010 08:12 AM #1
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Hi Bob, I think I was writing about everywhere. Sad, isn't it.

Nov 20, 2010 08:14 AM #2
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Toni.   That could be just about anywhere in Florida.   It was bad enough with the over-building, then came the "Condo Conversions".  Our State is absolutely saturated with Real Estate For Sale.

Until prices drop further - at least 25% to 50% - most of this Inventory will stay on the shelf. The Condos face the biggest challenge, with so many COAs facing major financial shortages and scores of empty units.

Compounding that, Florida has "Negative Population Growth" for the first time in History.

The Bright Spot, if I may be political for a moment -  The Florida Legislature is Overwhelmingly Conservative, and Governor-Elect Scott is a businessman, not a Career Politician.   This should be good for Florida - businesses will return, businesses will set up here.  An improved Florida Economy will be good for home sales.


Nov 20, 2010 08:29 AM #3
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Hi Fred, in our area I don't know if there will be any price left if we drop another 25%-50%.

Nov 20, 2010 08:32 AM #4
Jessica Leimback
Agave Homes & Investments - Mesa, AZ

I am with you. We have some zip zodes here in the Phoenix area that are down to the $30's per sq ft. Yeah it makes for great deals and easy sells if you are a buyer's agent.

Nov 20, 2010 08:36 AM #5
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

What's really sad about that is that they are not all short-sales but the appraisers put the same prices on them.

Nov 20, 2010 10:20 AM #6
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Toni, of course the appraisers never used to consider distressed properties, but I find them doing so much more of it.  It really is sad, but unless business gets going and jobs are created, I don't see much of a change in the near future.  Fortunately, my market is fairing a little better, but we still have our proplems.

Nov 20, 2010 01:44 PM #7
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

It is absolutely heartbreaking and when I see some of the prices, I am absolutely astounded. 

Nov 20, 2010 02:22 PM #8
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Nick - I agree with you. We need jobs before anything else can happen.


Nov 20, 2010 11:25 PM #9
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Susan - it is heartbreaking to watch. Prices are back to what they were when I got into real estate 20 years ago. That means 20's to 30's in some neighborhoods.

Nov 20, 2010 11:27 PM #10
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Toni Weidman

20+ Years Selling Homes in New Port Richey, FL
What Are You Looking For? I Can Help You Find It.
Spam prevention

Additional Information