Tampa Area Housing Market Statistics (Pasco County) – August 2011

Posted by Jeff Launiere on Oct 2, 2011 in Blog | 0 comments

We report housing market statistics for Pasco County, which is the county just north of Tampa, FL on the east, and north of the Clearwater-St Petersburg area on the west, as a year over year number as we believe that is much more accurate to find the direction of the market, rather than reporting month over month numbers which are skewed by seasonal differences. We also only report Single Family Homes, though we are glad to supply you market statistics for townhouses and condos if needed.

The housing market statistics for Pasco County are as follows:

Homes For Sale: 

• All properties (Short Sales, Foreclosures & Regular Non-Distressed Properties)  | 3,436 down 32.9%
• REO/Bank Owned Foreclosures | 192 down 48.9%
• Short Sales | 1,038 down 42.2%
• Normal Sales (No Short Sales, No Foreclosures) | 2,206 down 25.1%

Pending Sales: 

• All properties (Short Sales, Foreclosures & Regular Non-Distressed Properties) | 570 up 41.8%
• REO/Bank Owned Foreclosures | 148 up 37%
• Short Sales | 185 up 125.6%
• Normal Sales (No Short Sales, No Foreclosures) | 237 up 11.8%

Sold:

• All properties (Short Sales, Foreclosures & Regular Non-Distressed Properties)  | 527 up 23.4%
• REO/Bank Owned Foreclosures | 164 up 86.4%
• Short Sales | 106 down 11.7%
• Normal Sales (No Short Sales, No Foreclosures) | 257 up 17.4%

Months of Inventory:

• All properties (Short Sales, Foreclosures & Regular Non-Distressed Properties)  | 6.5 months, down 45.6
• REO/Bank Owned Foreclosures | 1.2 months, down 72.6%
• Short Sales | 9.8 months, down 34.6%
• Normal Sales (No Short Sales, No Foreclosures) | 8.6 months, down 36.1%

Average Sales Price:

• All properties (Short Sales, Foreclosures & Regular Non-Distressed Properties)  | $125,000 – down 12.6%
• REO/Bank Owned Foreclosures | $88,000 – up 1.1%
• Short Sales | $117,000 – down 14.6%
• Normal Sales (No Short Sales, No Foreclosures) | $152,000 – down 9.5%

Median Sales Price:

• All properties (Short Sales, Foreclosures & Regular Non-Distressed Properties)  | $112,000 – down 14.5%
• REO/Bank Owned Foreclosures | $77,000 – up 35.1%
• Short Sales | $113,000 – down 16.3%
• Normal Sales (No Short Sales, No Foreclosures) | $147,000 – up 1.4%

Have questions, or would you like statistics for another area or zip code? Selling a home, or thinking of buying a home?

Feel free to contact us anytime at 813-469-3163.

We are here to help!

Pasco County cities include;  Bayonet Point, Dade City, Holiday, Hudson, Land O Lakes, Lutz, New Port Richey, Odessa, Port Richey, San Antonio, Trinity, Wesley Chapel, and Zephyrhills.