What’s Happening With Sales Prices?
Hope everyone enjoyed the holidays! 2020 has kept us on our toes especially in our local real estate market. You may be wondering what is the latest on home prices here and in this update I’m going to get straight to the point.
Home prices are starting to stabilize over the past few months. This is great news for home buyers because it means the market is finding a new base and there’s less unpredictability.
Take a look at the data below (directly from the MLS) that shows the average sales price in Pinellas County over the year:
The catch is that inventory is still at record lows. Take a look at the number of active listings on the market for residential in Pinellas County:
As Chris mentioned in the previous update, there are still a lot of people considering to move here and although prices are stabilizing for now, buyers still need to be aware that low inventory means decisions will need to be made faster and offers will still be competitive.
As always, we’re here to guide you through the process. There are still homes out there that aren’t priced correctly and the opportunities to live in paradise are still attainable.
If you have any questions, email us at the727team@gmail.com or call/text me at 727-777-3797. If you enjoy our newsletter and would like to share with a friend feel free to send this article their way. Have a great day!
Recommended Articles Of The Month:
For this update, we’ll highlight some must-reads we’ve written:
Learn About The History Rich Neighborhood Of Jungle Prada – This article is an oldie but a goodie. I wrote this when I explored the neighborhood of Jungle Prada and learned about all it’s history including Al Capone, Babe Ruth, and more!
Best St. Pete Neighborhood Official Guide – Do you know you want to live in St. Pete? Check out our official guide to many of the neighborhoods in this popular city.
Local News:
Here are some news stories you may love!
Driverless Transport Is Here – Move over Tesla! If you’re comfortable with jumping in a driverless shuttle, St. Pete is testing a 3 month pilot program.
St Pete Is Getting Festive For The Holidays – Check out what the city of St. Pete is doing for the holidays!
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