Aug 2008 Pinellas County Market Update

By
Real Estate Agent with Lockhart & Associates Real Estate

Here's the news - Same as July for Pinellas County!

  • Single family listings UP,
  • Single family sales DOWN,
  • Condo listings down (kinda good news but the June/July number is only a difference of 17.  Condo sales DOWN - by 15!
  • Wow!  Single family median price is down a whopping 20% from a year ago,
  • Wow again! Condo median price down 13.1% from a year ago and last month it was UP 0.1% from a year ago.  
  • Single family inventory is now 16.4 months compared to 13.7 a month ago,
  • Condo Inventory is now 23.3 months compared to 22.2 months a month ago - Condo's are still hurting!

The Good News:

  • $200-250,000 single family sales remains the best selling price in town,
  • Single Family sales priced over $1,000,000 remains to be better than $800-$900 and $700-$800 combined,
  • Condo sales priced between $300-$400 as well as those priced between $100-$120 make up 21.2% of all condo sales in August!
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Rainer
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Ginger Ryals
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC

Welcome to Active Rain!! This is a great site to network and share ideas!! Have fun with it!!

Sep 14, 2008 11:09 PM #1
Rainmaker
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The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

 

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Sep 15, 2008 01:16 AM #2
Rainer
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Lori Isaacson
Credit Restoration Consultants - Plantation, FL

Hi Wendy,

On behalf of Credit Restoration Consultants, your neighbor in South FLA., and the over 109,200 members of Active Rain I want to welcome you to the AR family. If you have any questions regarding credit repair, credit reporting agencies or any credit reated issues including identity theft feel free to call or e-mail me. Enjoy AR and keep on blogging.

Regards,

Lori Isaacosn

Sep 15, 2008 01:51 AM #3
Ambassador
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Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Sounds like if you are a buyer in your area this is the time to get a good deal on a home. Is there better parts of the city or is this a good reflection of the whole area?

Good luck and welcome to the rain,

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Sep 15, 2008 05:35 AM #4
Rainer
261,679
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hey Wendy - Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Sep 15, 2008 07:47 AM #5
Anonymous
Wendy Lockhart

Yes, it's a great time here for buyers.  Out on the beaches, we are down to 2002-2003 prices.  Buyers can get a 3/2, a block from the beach in the 200's.   Our homes priced under $250,000 are moving at a much faster pace than the rest of the market.  What moving quickly are 3/2/2's in nice condition in that price range.

Buyers are realizing that it's a great time to move up to waterfront property.  Low prices make it possible to get a single family home on the water in the $400's.

Bank owned properties are readily available here and are moving well also.

Our Canadian friends that were typically on the fence about buying in our market are now willing to jump in.  The dollar is slowly rising in value...which I believe is the cause.

 

 

Sep 15, 2008 10:15 AM #6
Rainer
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SEAN THANH NGUYEN
Kellson Real Estate LLC - Kellson.com - Phoenix, AZ
Designated Broker - Vietnamese Broker

Hello Wendy,

Welcome to Active Rain ! Check out "How To Use My Settings Page" under "Getting Started" section. It helps to get your blog(s) ranked higher in Google & Yahoo! We offer one-stop-shop Arizona real estate services and up to 35% Realtor-to-Realtor referral fee!

Sean Nguyen

Sep 15, 2008 01:14 PM #7
Rainer
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Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Wendy,

Welcome to Active Rain! Congratulations on your first blog.  Check out my daily update for a quick summary of what's moving Markets, and Interest Rates.  You'll find this is a great site for sharing ideas, networking, and growing your business.  If you ever have a question about VA loans, or FHA loans I'd be happy to help!

Ron Brown

VA Loan & FHA Loan Specialist

First Mortgage Company of Washington

Puyallup, WA

Sep 15, 2008 01:52 PM #8
Rainer
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Scott Magaw
The Bill Kennedy Team - Keller Williams Realty - Spartanburg, SC

Welcome to active rain! By joining our community, you have made a great choice, and a very profitable choice. This is a great site for learning as well as sharing. Check out some blogs, join some groups, and enjoy! -- Scott

Sep 15, 2008 03:07 PM #9
Rainer
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Connie Rice
Keller Williams Greenville Central - Simpsonville, SC
Connie Rice & Partners - Greenville, SC Real Estat

Welcome to the rain! You've joined a great place to network, make and meet new friends and discuss lots of interesting topics. I see you are already off to a great start! Stop by if you get a chance. I would love to hear your feedback on our thoughts! Well, have great time and ENJOY. Look forward to seeing you around.

Sep 16, 2008 03:52 AM #11
Rainer
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Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.  Have fun with it and hope to see more of your blogs soon!  We have a team of four outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Again, welcome to AR!!

Sep 16, 2008 10:47 AM #12
Rainmaker
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Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Sep 17, 2008 08:51 AM #13
Rainer
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Wendy Lockhart
Lockhart & Associates Real Estate - Saint Pete Beach, FL

Thanks Peg!  I'm excited to be involved with the Active Rain community

Sep 26, 2008 03:22 AM #14
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