Altos: Critics Are Wrong About Where Housing Is Headed

In Pinellas County, specifically the beaches along the barrier islands from Clearwater Beach, St Pete Beach, the housing market is strong and prices continue to rise.

Altos: Critics Are Wrong About Where Housing Is Headed.

Tax Reform Proposal Would Impact Every Single American

Tax Reform Proposal Would Dramatically Alter Housing Landscape.

The Hottest Home Design Trends for Spring 2014

Love these colors and the coastal inspired ideas. Read more….
http://blog.realestatebook.com/2014/02/17/the-hottest-home-design-trends-for-spring/

St Pete Annual Shell Show

If you missed it yesterday be sure to stop by today at The Seminole Recreation Center for the 66th annual Shell show. Exibits and expert information. Amazing is the beauty that lives under the sea.

What is going on in this crazy market?

 

If you are thinking of buying and are still waiting for a “great bargain”, it might be….too late? There has been talk for a couple of years of a “shadow inventory” of foreclosures that the banks are not releasing, and that will soon flood the market. When is that going to happen, if at all?

July numbers are out and they continue to show a recovery in Pinellas County, where the cities of Clearwater, St Petersburg, Palm Harbor, Largo, Tarpon Springs and the cities of the beaches on the barrier islands are located, among others. Sustained recovery will not occur without low unemployment,  wage growth and consumer confidence, however, the basic laws of SUPPLY and DEMAND are driving property values up.

Inventory is down. Time on the market is down. Closed sales are up.   MEDIAN SALES PRICE IS UP.

Sellers are taking advantage of this trend and are listing their properties at a higher price, and are not willing to negotiate prices down.  Buyers on the other hand, have a hard time accepting that a property is listed for a much higher asking price than similar homes that sold just a few months ago.

The difference is availability.  Our inventory is down to a very healthy level of 5,150, a 6 month supply, down  22.7% from just a year ago. (All types of properties combined)

 Monthly Snapshot

Residential real estate activity by members of the Pinellas  Realtor Organization comprised of single-family properties. Percent changes are calculated using rounded figures.

       +16.7%                               +10.7%                                      -18.0%

One-Year Change in  CLOSED SALES       One=Year change in  MEDIAN SALES PRICE                  One-Year Change in HOMES FOR SALE

Single Family Properties                                     Single Family Properties                                                      Single Family Properties

If you have been waiting for higher prices in order to sell, this might be a good time.  If you have been waiting for prices to fall even further, wait no longer.  I have the tools and resources to help you achieve your real estate goals, and I’ll be glad to help.

Statistics on condos and single family homes are available upon request.

 

Tropical Storm Isaac

 

Clearwater Beach, looking south from Pier 60.

Clearwater Beach, looking south from Pier 60. (Photo credit: Wikipedia)

 

Looks like much of Florida and the Tampa Bay Area are going to be spared by Isaac. I pray for Louisiana or wherever it makes landfall.

 

Sunrises are beautiful too.

Every day brings the opportunity of a new beginning. Yesterday’s sandcastles may be broken, but sand castle builders will come back to the beach  and build new ones.