As we enter the latter part of 2016, Pinellas County has continued to see dramatic growth in real estate sales prices. As of August 2016, single family home prices grew a staggering +22.4% compared to August 2015. The new median home price in August was $222,000 compared to $181,399 last August. Inventory for single family homes was down just over 8% in August, which continues to drive demand in the market.
Meanwhile, the median price for townhomes and condos in Pinellas County was down 4.8% from last August, but sales volume continued to grow with +12.6% more units sold in August 2016 vs August 2015.
With interest rates at all time lows, buyers are still actively hunting for and purchasing homes, as the low interest rates and payments continue to make home-buying a good long-term investment for many. Combined with increasing rental rates, home-buying is still a goal for many 1st-time buyers, despite the rising prices.
Affordability is also a driving factor in the Tampa Bay housing market, as the area still trails in price behind other ‘hot’ housing markets in areas such as New York, San Francisco, and Washington, DC. Buyers that relocate to Tampa Bay not only take advantage of lower median home prices in our area, but also the fact that there is NO state income tax and abundant in job growth and income opportunities in areas like Tampa, that are just a short commute away.
Author:Andrea Hartmann Phone: 727-324-8183 Dated: September 26th 2016 Views: 1,820 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 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.
Find a Home Today With The Sandy Hartmann & Associates Real Estate Team.
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.
The Benefits of Listing Your Home For Sale With Sandy Hartmann & Assoc
"“My husband and I had been looking for a waterfront condo for over a year. Mary Frances Cormican reached out to us and worked with us to find that waterfront condo. She was so helpful and responsive every time I reached out to her. We feel fortunate to have worked with a Realtor who truly was interested in making sure we were happy with our home purchase.” "