Positive News from Pasco's Appraiser

By
Real Estate Agent with Florida Luxury Realty SL2337465

Pasco Countys Property Appraiser Mike Wells was the keynote speaker at a luncheon at my local Board of Realtors.  A lot of Great News was Shared at the Meeting.

 

Wells Fargo has donated $25,000.00 to the West Pasco Habitat for HumanityOrganization which in cooperation with the West Pasco Board of Realtors are now able to have our first Realtor Built Home in Pasco County.  The "Buy It and Bolt It" campaign is gaining momentum.  We urge everyone in the Real Estate Business to Purchase the "Support Home Ownership for All" license plate.  The proceeds from the tag help support neighborhood stabilization.

Mr. Wells reported that in Pasco County, Florida Building Permits are up and multiple vacant lot purchases by single owners is increasing.  This is a great indicator that new Construction is going to continue to rise into 2012.  Mr. Wells also gave an opinion that our reduced Property taxes will begin to rise again in 2012.  Who Knew Raising Taxable Value on Property was going to be GOOD NEWS! 

All In all, Pasco County Florida has hit Rock Bottom and Stayed there for over a Year...Inventory is DOWN and SALES are UP!!!   All we can do now is keep both hands on the wheel and our eyes high and in front of us and an occasional glance into the rear mirror so we remember to not let THAT happen again.

Also....Sink Hole Requirementshave become more stringent.  A Home must have a legitimate sinkhole to be eligable for a claim AND the home MUST be repaired.  This is putting an end to the "crack in the stucco" sinkhole of years past.  Hip-Hip-Hooraaay!!!

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Rainer
174,961
John Howard
Century 21 LeMac Realty - Mountain Home, AR
GRI, Mountain Home, Arkansas 870-404-3614

Mike,  That does look like great news for your area!  Existing home sales are up there?

May 19, 2011 01:30 AM #1
Rainmaker
621,684
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

Great news for sure Mike...we are seeing a teeny tiny increases in new construction as well!!!  It is all good!

May 19, 2011 01:30 AM #2
Rainmaker
150,196
Michael J. Gallo
Florida Luxury Realty - New Port Richey, FL
Florida Luxury Realty - Gulf Home Sales Team

John - Yes.  You have to remeber that we were in the top 5 foreclosure states in the country. Average home sale price in Pasco is $90k.  They had to sell.  We have been Wallowing in this crap for 5 years with average agents doing 1-2 transactions a year.....I am verry happy it is ending!

Deborah - Good Stuff!!  Were Seeing it across the Board. Mainly in part to our Countys Use of Stabalization Grant Money.  A Job Well done by All.

However, it is not over yet........shadows of things to come are still lurking. 

May 19, 2011 02:29 AM #3
Ambassador
1,980,196
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Mike, I see a glimmer of new life in many markets.  Kudos to Wells Fargo for contributing to the house project--I like to hear positive participation from banks.

May 20, 2011 04:52 AM #4
Rainer
139,717
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

I like your postcard at the top of your post.  I got a lot out of that meeting also and was happy to hear the Mike Wells had such a positive outlook. From his mouth to God's ears.

Jun 01, 2011 07:47 AM #5
Rainmaker
150,196
Michael J. Gallo
Florida Luxury Realty - New Port Richey, FL
Florida Luxury Realty - Gulf Home Sales Team

Jeanne, so True. 

Jun 02, 2011 01:03 AM #6
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Rainmaker
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Michael J. Gallo

Florida Luxury Realty - Gulf Home Sales Team
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