Home sales in Pasco County were down quite a bit in October, but median sales are on the rise.
An unofficial analysis of home sales by The Laker/Lutz News through the Pasco County Property Appraiser’s office showed 771 residential properties changing hands through the traditional warranty deed method last month, totaling $100.1 million. That was down from 1,016 properties sold the year before for $121.1 million.
Yet, both the median price and the average square foot price were on the rise for homes in Pasco. The median grew from $90,000 last year to $105,000 this year, while home prices themselves rose from $71 per square foot, to $81.
Distressed sales, typically created by foreclosures, also rose from the previous year by 43 percent, with $16.7 million changing hands through the certificate of title process, compared to $8.9 million in 2013. However, the median price of those sales also rose from $32,100 to $43,050. Square foot prices also expanded from $35 to $44.
Pasco sold 79 mobile homes in October at a median price of $36,550, or $39 per square foot. At the same time, 28 condominiums were sold at a median price of $44,000, or $52 per square foot. Both are down from October 2013 numbers where 101 mobile homes and 64 condominiums sold. The mobile homes had a median price then of $44,750, or $39 per square foot, while the median price for the condos were $45,000, or $54 per square foot.
The most expensive single-family home sold in October was for $710,000 at 5952 Thomas Circle in Land O’ Lakes.
