How Low Can You Go With That Offer On A Single Family Home?

"How low can you go with that offer" is something that we get asked on a daily basis here in the Clearwater/Palm Harbor Florida area. To give you an idea of what is going on in the local market for single family homes, let me provide you with a little information on what list price is like compared to actual sold price:

 

During March 2013 the actual sold price was an average of 92.8% of the list price. That is up 4% over March 2012.

clearwater florida

February 2013 that average was 91.9%, which was up 2.8% over a year ago.

January 2013 that average was 91.4%, up 4% over the previous January.

Sellers realize that it is their turn once again to dictate the market trend and they are doing so. Gone are the days of the buyer's market. As stability returns to the economy, buyers are going to have to start paying more for that single family home that they have been procrastinating to purchase.

What can you do? Buy now or wait until the market swings around to a buyer's market again in a few (or several) years. This has been forecast by Realtors for over a year! 

If you are ready to begin your home search in the Clearwater/Palm Harbor Florida area, give me a call today!

 

 

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Buying or Selling - - Call Barbara-Jo for all of your real estate needs! - - 727-755-3292

barbara jo roberts berberi, realtor
Ich Spreche Deutsch!!!  
TRC

Barbara-Jo Roberts Berberi, MA

Charles Rutenberg Realty

Serving the Greater Palm Harbor Florida Area, including Crystal Beach, Ozona, Clearwater, Dunedin, Safety Harbor & Tarpon Springs Florida & surrounding area

Waterfront condos & homes
relocation, investment, upsizing, downsizing

Your Real Estate Specialist

727-755-3292 (Barbara-Jo)


visit my website to see all  current listings
www.barbarajo.com


connect with me online

If you are thinking of purchasing in the Palm Harbor, Crystal Beach, Safety Harbor, Dunedin, Tarpon Springs area or along our pristine Gulf Beaches, give me a call! With years of experience in the local real estate market, I am here to assist you in making one of the most important purchases of your life! Give me a call today! Find out for yourself why living along the Gulf Coast is indeed living in Paradise!

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Rainmaker
1,347,299
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Hi Barbara-Jo - good info for buyers. When you compare the sale price to the list price ratio over a year, trends become very obvious. Seems as though buyers need to make a solid offer or stop looking.

Apr 22, 2013 07:17 AM #1
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Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

Glad things are looking up in your market!  Thanks for the re-blog on my Speechless Sunday post... I bet you have a pretty beachy office as well! Thanks,  Kathy

Apr 22, 2013 07:30 AM #2
Rainmaker
2,051,149
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Barbara Jo, All those buyers will get we use to call whip sawed with home price incresaes and higher interest rates. You snooze you lose in this market.

Apr 22, 2013 08:08 AM #3
Rainmaker
1,434,565
Yolanda Cordova-Gilbert
Richmond, TX

Barbara Jo,

 You are preaching to the choir, I called a realtor to see what her clients had decided to do. SHe sheeplishly said they want to pay 300K and I told her not happening! Plus they wanted all this stuff in it to. Good luck to her because they have not bought anything because they are lowballing. I hope you are having a great day!

Apr 22, 2013 08:49 AM #4
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

Another interesting statistic is that new REOS are expected to hit the market this year and if you are a seller, you better be trying to sell NOW as this new flood of inventory could start driving prices down. 

Apr 22, 2013 10:45 AM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Barbara-Jo, It looks like the buyer's hayday is over and the seller is going to be recovering from those downward prices.

Apr 22, 2013 01:32 PM #6
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional
Hi Barbara Jo, Increasing prices is also good for the buyers in the early stages. Buyers usually do best if they can catch the bottom of any market as it is beginning to move up. Most talk about the what if I had only realized it, as they then say, I could have bought that for $x.
Apr 22, 2013 03:07 PM #7
Rainmaker
440,380
Eric Crane -- Your Full Service, Discount Fee Realtor®
DPR Realty LLC - Gilbert, AZ
Greater Metro Phoenix Arizona

way to go Barbara Jo -- tell it like it is!  cycles and seasons to all things.  all the best -- Eric

Apr 22, 2013 04:25 PM #8
Rainmaker
2,293,466
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Still a buyers market, but seems like values are improving. I am running into less appraisal issues when we are doing mortgage in your state.

Apr 22, 2013 07:28 PM #9
Rainmaker
4,797,927
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Buyers can offer whatever they want for that home.  But, if they really want to get a contract, they need to look at reality.

Apr 22, 2013 08:46 PM #10
Rainmaker
2,433,684
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Good Morning Barbara, things do seem to be slowly turning around, just how long that will last is another subject.

Apr 22, 2013 09:03 PM #11
Rainmaker
3,250,852
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Barbara-Jo, The market is changing and it's time for buyers to realize this. They have to be ready, willing and able to buy now!

Apr 22, 2013 09:57 PM #12
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Barbara Jo

Barbara Jo my friend
, not only will folks find this to be a mighty helpful post, they sure will find it to be easy to understand.

Have a good one
Dale in New Hampshire

Apr 23, 2013 06:10 AM #13
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

thanks for all of the wonderful comments.

Apr 23, 2013 07:45 AM #14
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

Palm Harbor, Dunedin, Clearwater, Safety Harbor
Let me help you find that perfect home here in Paradise.
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