Waterfront properties are finally starting to go up in Hudson anyway.
The short sales and foreclosures are less and less from what the charts are saying
things are up .3 percent and look to be on a slow upward trend.
local realtor-

Terry the market is a great time to buy especialy waterfront property, from what the experts are saying the market has just about bottomed out, prices will stabilize till spring with a 5% to 7% increase in mid 09-10
Now for local news ,Pasco county is one of the most affordable counties in Florida, less property tax then the area counties and has everything you need, also less crime,and great schools,close to Tampa and Clearwater.
The market is flooded with properties,its all about price, if its priced correctly itwill sell soon.
On the averageabout 10 homes a day sell in pasco ,or about 300 a month, we sell better then a home a day in my office.
Water front properties take a little longer to sell because the price is higher, and evey buyer is looking for a bargain
Prices start from the high 100s to over a mill
If you like more info,e-mailme
george@century21palm.com If its priced right it could sell in 4- 6 months.

Terry,
I live in Sarasota, FL approx. 60 miles below New Port Richey where waterfront real estate realistically priced to sell/sold has come down 30-50% and is back to 2000-2003 pricing. However, there is at least a 2 year supply (total # on market/houses sold/month) of waterfront homes because there are so many homes on the market. There is probably a 4-5 year supply of waterfront condos since so many were purchased not as a primary residence or unsold upon completion.

I would click on http://www.zillow.com and type in New Port Richey to give you a fairly reasonable idea of prices. I would also recommend googling NewPR real estate and undoubtedly someone's website from that area will appear with a link to allow you to type in the area which interests you. Obviously, I would encourage you to contact a local realtor to ascertain more accurate information.

That area like so many in the country is in a declining market (i.e. depreciating as opposed to appreciating markety). We may not be at the bottom, but in my opinion we are close. I suggest to people if you are in the market and in a position to buy your dream home, go for it. Re: how long on the market. Much depends on the price range. Today it is price, price, price vs location, location, location. If homes are priced in the lowest 5% (per sf), they probably will sell in a 2-6 month period, whereas less motivated or realistic sellers could see their property on the market for a number of years.

As a realtor, I could actually type in price criteria for New Port Richey with comparably priced property today and have the software to ascertain pricing for the past few years to compare to. But, we need an average price point to work with. If you click on my website, http://www.BestHomesInSarasota.com, at no obligation, you can click my 'search market & values' links and an automatic report will be generated for you with large # of choices and price ranges within a zip code. Note: my website does not collect your email address and there is no obligation.

Hope this helps.

Randy Schweitzer
Coldwell Banker
100 N. Tamiami Trail
Sarasota, FL 34236 http://www.BestHomesInSarasota.com