Wondering how the Pinellas County real estate market is doing?
The July 2017 real estate stats are in and the results continue to show a booming real estate market in Pinellas County.
For single family home sales, our biggest hurdle continues to be limited amounts of inventory. With inventory down -5.4% in July, buyers continue to face challenges when it comes to finding their perfect home. Low mortgage interest rates, along with a booming job market in Tampa Bay are bringing more home buyers than ever to the area, making it one of the most aggressive real estate markets we've seen in years!
For home buyers, it's important to know that the median time to contract on a home that's been newly listed for sale is down to just 19 days. To put it more simply, homes are selling over 30% faster than they were in July 2016! With limited real estate inventory and high demand, the average sale price of a single family home in Pinellas County has increased 8.5% year over year to $312,210.
As for condos and townhouses, the news is similar, with the inventory down -10.8%, and an average sales price of $226,638 (which is +13.9% higher than last year at this time!). The market for condo and townhouse buyers is also somewhat aggressive, with the median time to contract at just 32 days vs 40 days in July 2016.
For more details on these stats from the Florida Board of Realtors, please click HERE.
As always, feel free to contact the Sandy Hartmann Team for all your real estate needs. With over 30 years of experience, we know we can help you with all of your home buying and selling needs!
Author:Andrea Hartmann Phone: 727-324-8183 Dated: August 21st 2017 Views: 804 About Andrea: Andrea is the Managing Partner of Sandy Hartmann & Associates. She is a licensed Realtor with over 1...
About Sandy Hartmann & Associates Real Estate Team of Tampa Bay FL
Sandy Hartmann & Associates Real Estate Team, your Tampa Bay Real Estate source, has been helping home buyers and home sellers in Tampa Bay, FL since 1979. We deliver a brand of real estate services based on integrity and years of expertise that is unmatched. We are the #1 Keller Williams Real Estate Team in Tampa Bay and we are ranked in the top 1% of Realtors Nationwide. In 2017, we sold over 69 million dollars in homes!
Selling a Home? We use some of the most cutting edge global marketing technology available to get homes sold fast, for top dollar in the Tampa Bay area. As a Keller Williams Luxury Real Estate Agent and as a Global Property Specialist, your home listing will appear on real estate websites in not just the United States, but around the world, in multiple languages. That's right, GLOBAL EXPOSURE.
Buying a Home? 1st Time Home Buyer? Looking for an Investment Property? Sandy Hartmann & Associates will help you find the perfect home for sale at the best price, while easing your anxiety and guiding you to a successful home purchase.
Our real estate team was founded with the vision of becoming the real estate team of choice in Pinellas County & Tampa Bay, FL. That means always putting our customer's needs first, and having the integrity to do the right thing, every time. Come find out why Sandy Hartmann and Associates is the #1 Real Estate Team in the City of Seminole, #1 in the City of Largo, and the #1 Keller Williams Team in Tampa Bay.
It's quite a legacy. One we are proud to be a part of.
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Areas we serve go across the Tampa Bay, FL Metro area. If you're looking to buy or sell a house, condo, townhouse, land, villa, or rehab property, we serve all of Pinellas County and Tampa, FL.
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"“Sandy's team is top of the line. Everyone we worked with to sell and then purchase a new single family home in Largo, FL in 2017 were excellent. Mary Francis Cormican worked with us to find and close on our new home, she was wonderful. Danielle Lower sold and closed on our old home. Everything went smooth as glass on both transactions with the help of Kathi Morland. We were greatly impressed with the Sandy Hartmann team.” "