"Anything Selling in ALOHA GARDENS?" she asks...

By
Real Estate Broker/Owner with Real World Properties, Inc.| Your Real Estate Consultant for Life

 

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:

  • 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.
  • Holiday has also had 59 homes on the auction block, 8 of which were in Aloha Gardens, another 4 from neighboring Tahitian Homes.
  • 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?

  • 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.
  • 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.
  • 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.
  • 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:

Contact Me

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Rainmaker
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Loretta Buckner
Real World Properties, Inc.| Your Real Estate Consultant for Life - Palm Harbor, FL
Your GREEN Real Estate Consultant For Life!

P.S.  Check out my blog post:  http://activerain.com/blogsview/857980/A-NEW-TOY-for-Local-Realtors-in-Pinellas-County-A-COOL-Map-Search to use an easy valuation tool to see what your home is really worth, or go to my website, where there is also a link.

Dec 30, 2008 07:17 AM #1
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Rainmaker
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Loretta Buckner

Your GREEN Real Estate Consultant For Life!
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