What’s included in every real estate update?
Interesting Real Estate Stats
Recommended Articles Of The Month And Why
Real Estate Local News
Interesting Real Estate Stat For This Edition:
Every month we’ll pull an interesting stat for you directly from our MLS for Pinellas County.
The stats below reflect the number of active listings for sale in Pinellas County over the past 5 years (130,000 listings).
Time frame is from Jan 2013 to June 2018
Property Type: Residential
County is ‘Pinellas’
Results calculated from 130,000 listings
There were 8,026 residential listings for sale in Pinellas County in January of 2013.
The highest spike in active listings for sale was in March of 2015 with 8,331 residential listings on the market in Pinellas County.
July’s listings haven’t been calculated yet but on June 2018 there was 5,599 residential listings on the market in Pinellas County.
This is a sharp drop in inventory compared to previous years. Buyer demand has been increasing and the available inventory has been dropping.
So what does this mean? Buyers have to prepare to be competitive in a market where there may be several buyers competing for each home. Pinellas County is the most densely populated county in the state of Florida and most of our land has been already built on (very little new construction).
One thing you can do as a buyer in this market to stand out is offer less contingencies, be prepared to go above the listing price if the circumstances are competitive and strike a chord with the sellers on a personal level by writing a cover letter.
If you have any questions, feel free to send us an email at the727team@gmail.com or use our contact form here.
Recommended Articles Of The Month:
We’ll recommend the best articles to you that were published since the last update.
Discover The Best Up & Coming Neighborhood In Seminole, Florida – We spend a lot of time studying trends and developments in the Pinellas County market. There has been a lot happening in Seminole with the redevelopment of the central mall now known as Seminole City Center. Check out this article on what we believe is the best up & coming neighborhood in Seminole located near this mall.
https://www.727team.com/the-best-up-coming-neighborhood-in-seminole-florida
Real Estate Local News:
Here are some local news stories you may enjoy!
Median Home Prices In The Tampa Bay Area – This is a great article that talks about what’s happening in the sellers market in Pinellas and the surrounding counties.
New Flood Maps Released By FEMA – The last time the flood maps were updated was 2009. FEMA has released a new update so home owners can see where their property stand as well as prospective buyers.
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