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Real Estate: Helpful Pinellas County home Buying and Selling Statistics

See also

Harvard Study: 5 Financial Reasons to Buy a Home (article): http://www.keepingcurrentmatters.com/2013/12/10/harvard-5-financial-reasons-to-buy-a-home/

Pinellas County Foreclosure Stats/Data:

November 2013: 206 REO Properties Sold at an average of 97% of list price. This is a decrease in sales from 241 in October 2013. There are still nearly 750 active REO listings available in Pinellas, and the absorption rate (the time it will take to sell those) increased from 2.8 months (10/2013) to 3.6 months in November, pushing closer towards a "push" market (balanced).

Pinellas County Short Sale Stats/Data:

November 2013: 115 Short Sale Properties Sold at an average of 99% of list price. This is a decrease in sales from 159 in October 2013. There are still nearly 550 active Short Sale listings available in Pinellas, and the absorption rate (the time it will take to sell those) increased from 3.4 months (10/2013) to 4.7 months in November, pushing closer towards a "push" market (balanced).

Pinellas County Retail Stats/Data:

November 2013: 966 Retail Properties Sold at an average of 95% of list price. This is a decrease in sales from 1,015 in October 2013. There are still over 5,600 active Retail listings available in Pinellas, and the absorption rate (the time it will take to sell those) increased from 5.3 months (10/2013) to 5.8 months in November, giving us a very balanced market, but pushing closer towards a "buyer's" market.

This month in real estate shows us that the BEST DEALS for Buyers are still the Retail Sales where they get to negotiate with an actual Seller, not dealing with a Bank on a Foreclosure or a Short Sale. This is supported by a lower sales price to list price ratio across the board from Pinellas, Pasco & Hillsborough county(ies) by as much as 4% in savings! And while the interest rates are still at record lows, they're likely to start increasing in 2014 - so now, more than ever, is a great time to buy!!!!

If you're thinking about selling your home, this is why you need to have a real estate consultant like Josh Parker & Profusion Property Group on your side! We know & understand the market! We compare apples to apples, and review them against oranges & pears, too ;-) All the while, giving our clients the best advice to net them the most money, in the shortest amount of time, with the least amount of headaches! Want to know what your home is worth? Call today for a free comprehensive market review & analysis on your home! 727-455-7734

Josh Parker is the Team Leader of ProFusion Property Group at Keller Williams Realty, Inc., located in Trinity, FL, and an active Tampa YPN Committee Member. ProFusion Property Group specializes in the listing & sale of residential real estate all over Pinellas, Pasco & Hillsborough County. His team has successfully sold over 175 units for their clients in 2012, while maintaining an exceptional “sold price to list price” statistic of 99.08%. For more information, free tips, and free home searches, please visit Josh & the ProFusion Team at www.profusionpg.com!

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