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.
Summertime Is In Full Effect
Right around this time of year Florida starts to reach it’s hottest temperatures. Going out in the sun for an extended period of time can make you work up a sweat pretty fast but is it really as bad as people assume?
Whether you currently live in Florida or the Sunshine State is a thought in your mind, you may have wondered how does Florida stack up against other areas this time of year.
In this month’s update I’ll answer this question for you and give you a comparison on what’s happening in the real estate market of some of our top cities.
When I first moved to Florida over 10 years ago I had some preconceived notions of what it was going to be like living there. “Hotter than hell” was the only thing I could think of.
At the time it didn’t really matter to me because Florida had so much to offer for activities and I knew there was always air condition to fall back on. Fast forward years later and I absolutely love the weather here. Here’s what the average temperatures look like in Pinellas County year-round:
What’s your perfect temperature? For me I love how it feels in the 70s and the Pinellas County high temperature doesn’t exceed the 70’s on average 5 months of the year. Even when it gets into the 80s it’s still not bad. It’s not really until you reach the Summertime that you are going to want to monitor your time outside – stay hydrated and know your tolerance levels.
So if Pinellas County is pretty nice most of the year where do these ideas come from? Since Florida is such a big state we have many counties that are completely landlocked. The wind movement is a little different there and those counties don’t enjoy the coastal breeze that Pinellas receives.
Let’s use the concrete jungle of New York city as another example (more specifically Manhattan). If you are coming from that area, not only do you have to endure cold temperatures for a good 3-4 months out of the year but your summer average high in July is only 7 degrees less than ours (84 degrees compared to 91 degrees).
The moral to the story is yes Florida does get hot. However, if you are lucky enough to already live here or you are considering our state as your next home, it’s important to consider that Pinellas County and the Tampa Bay Area have amazing weather and is the perfect place to live if you enjoy the tropical lifestyle.
Location Matters
We have written a lot of content over the years on our website to educate our audience on what different cities and neighborhoods have to offer. Location has always mattered in real estate and it is by far one of the most important characteristics that can help justify why a 1000 square foot home would sell for $100,000 in one area vs over a $1,000,000 dollars in another.
Pinellas County is no different with it being home to some of the top beaches in the United States as well as having very sought-after downtown areas that are rapidly growing.
Let’s jump into 3 popular cities to live in Pinellas to get some more perspective.
St. Petersburg Average Residential Sales Price (Past 5 Years)
For the city of St. Petersburg, one of the most rapidly developing cities in Pinellas County, the average residential sales price was:
2014 – $192,966
2015 – $202,800
2016 – $229,188
2017 – $259,717
2018 – $288,575
2019 – $354,348
The price is steadily increasing every year and prices typically increase sharply the closer homes are to downtown St. Pete and the waterfront.
Dunedin Average Residential Sales Price (Past 5 Years)
For the city of Dunedin, it also has received a lot of interest over the years. Dunedin is setup like St. Pete but on a much smaller scale. A walk through downtown Dunedin will let you experience live music on certain nights of the week, great restaurants and the perfect walking spot to go view the water.
2014 – $169,600
2015 – $198,697
2016 – $218,230
2017 – $248,291
2018 – $272,613
2019 – $292,013
Palm Harbor Average Residential Sales Price (Past 5 Years)
Palm Harbor has been coming up a lot lately as a great suburban location to move. Many of the neighborhoods are structured very well with sidewalks, parks, and plenty of waterfront views. The area also offers easy access for many of those that work in Tampa.
2014 – $216,158
2015 – $232,256
2016 – $248,546
2017 – $264,612
2018 – $277,732
2019 – $299,608
In Conclusion
Like Chris mentioned in our last update, we are in a transformative time. We now are living in a culture where more people have the opportunity to work from anywhere in the world and cities are taking notice. Walkability, waterfront, lots of activities and living like you are on vacation are all part of the charm of living in Pinellas County and the Tampa Bay Area.
What do the 5 years hold for our area? Time will tell. We’ll be here updating you every step of the way. If you have any questions or ideas of topics you would like us to cover in our updates, send us an email to the727team@gmail.com
Until next time, thanks for reading!
Sincerely,
Ryan Eisenhower
Recommended Articles Of The Month:
For this update, we’ll highlight some must-reads we’ve written:
Top 8 Reasons To Move To Tierra Verde, Florida – Situation right next to the very popular Ft. De Soto Park, Tierra Verde is the perfect location for future home-owners that enjoy privacy, waterfront views, and a large array of architectural styles in homes.
Local News:
Here are some news stories you may enjoy!
New York Mansion Tax Driving More People To Florida – As taxes in areas like New York increase, more people are bailing and setting sights on Florida real estate.
St. Pete Pier Seeking Vendors – The new pier in downtown St. Pete is scheduled to be completed in 2020 and the city is already actively seeking vendors to make it even better.
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