Palm Harbor Florida Market Report for the First Half of 2011 is as follows:
393 Single Family Homes were sold ranging from a 5 bedroom, 6 full bath and 2 half-bath home with 6491 sq ft of living space on the most expensive end of the spectrum. This home was originally listed at $1,700,000 and sold after 578 days on the market for $1,385,000.
In the lower price range we bottom out at a 2 bedroom 1 bath home with 797 sq ft of living space that was bank owned. This home was listed and sold for $29,900 and was on the market for a mere 90 days.
The average time on the market for single family homes during this time period was 112 days!
In the category townhomes, villas & condos there were 297 sales. These ranged from a townhome in Boot Ranch on the high end that had 3 bedrooms and 3.5 baths. This townhome has 3633 sq ft of living space and was listed at $349,900. After 28 days on the market it sold for $310,000.
This category bottoms out at a 1 bedroom 1 bath bank owned condo with 630 sq ft that was listed and sold for $9,000 after being on the market for a single day.
Overall townhomes, villas & condos average time on the market was 135 days!
The market has indeed picked up! People are taking advantage of the great prices and closing quickly!
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