Enjoy the quiet of Twin Lakes Condo Community in New Port Richey
So everyone knows Florida got hit hard in the current market correction. My area, just north of Tampa Bay area, got hit harder than most areas in Florida. Drive down a street and you will see lots of For Sale signs. However Twin Lakes has been bucking the trend, at least in volume. Instead of a lot of foreclosures and distressed property sales, Twin Lakes has only one unit on the market. It is offered at $36,500, but has only been on the market for 6 days as of today.
Taking a deeper look at Twin Lakes activity and we find:
- One condo Sold last year ($37,000)
- One condo Expired last year
- One condo was Withdrawn last year
This most likely has to do with Twin Lakes being a 55+ community. Typically that means they are retired, and on a fixed income, and probably smart enough to have gotten a fixed rate on the mortgage or payed cash in full considering how affordable the housing is here compared to most areas. In another market, we would call this anemic. But in this market I call it Stability
Enjoy the quiet of Twin Lakes Condo Community in New Port Richey
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