When you look at Clearwater/St Pete area single family home sales according to price for the month of March 2013 and compare these numbers with a year ago, you get some interesting information which shows what is going on in the current market.
Homes that sold for less than $50,000 made up 81 sales in March 2013 which is down 21.4% from a year ago. Those rock bottom homes just aren't there anymore like they were!
Homes in the 50k - 99,999 range had 221 sales in March here in Pinellas County which was up 13.9% over a year ago.
100k - 149,999 sold 230 homes - up 32.2%
150k - 199,999 sold 155 homes - up 61.5%
200k - 249,999 sold 78 homes - up 1.3%
250k - 299,999 sold 60 homes - up 27.7%
300k - 399,999 sold 97 homes - up 131% over a year ago!!!!!
400k - 599,999 sold 69 homes - up 25.5%
600 - 999,999 sold 33 homes in March 2013 - up 6.5%
over 1 million dollars - 9 homes sold in March 2013 and that was down 18.2%
The market is recovering beautifully right now here in Pinellas County and I can only recommend taking advantage of it now. Clients are finding few homes on the market and those that are get contracts accepted on them quickly. Buyers are realizing that they have to pay the price now, those negotiating days are gone since we are getting multiple offers on homes here in the Clearwater area once again!