Autumn Woods in Palm Harbor is a charming community with lots of trees and a very park like setting. The lots are large, many over one half acre. And of course, the Palm Harbor schools are a benefit to living in Autumn Woods.
For the most recent 30 day period, there are 4 houses in Autumn Woods listed for sale. Three are "conventional" sales and one is a distressed property (bank owned or foreclosed). The bank owned house needs a new roof, however, with the list price at $269,900 it is about $100,000 less than the conventional listings and is a wonderful opportunity to get a custom built executive home in the Autumn Woods community in Palm Harbor. This house has only 39 days on market and may go under contract quickly.
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The non-distressed properties are priced from $379,000 to $499,000. The days on market for these three properties range from 38 to 125. The average price per square foot for the houses listed for sale is $119.
There is one house under contract in Autumn Woods, at 3160 Autumn Drive and it is listed at $440,000 with only 13 days on market. The very short time on market indicates that the market price was excellent and the market very quickly accepted the list price for this 3,507 square foot home. The price per square foot is $125.
With interest rates beginning to creep up, and prices possibly about as low as they are going, with maybe a couple more percentage points before hitting rock bottom, now is the time to act. Remember, for every 1% interest rates go up, that results in about 10% less purchasing power for a mortgage. Waiting for prices to drop much more can in the long run be a very costly decision.
Happy House Hunting!
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