Did you see the front page of today’s Tampa Bay Times? I’ve been saying for awhile that based on the Greater Tampa Association of Realtor’s statistics, we were teetering on a Seller’s Market in many areas of Tampa Bay. According to the numbers, we are now at a 5.4 month’s supply of homes for sale […]
Luxury Waterfront Condos Inventory Shrinking in Downtown St. Petersburg!
My friend Mark Puente at the Tampa Bay Times recently published an article entitled “New Waterfront Condos Disappearing from Market in Tampa Bay“. At the Smith & Associates Real Estate office on Beach Drive in Downtown St. Petersburg, on a daily basis I have customers walk in who inquire about the condo buildings nearby, […]
Tampa Bay Real Estate Market: Recovery in Sight? One Realtor’s Thoughts…
Lately the news in the media has been drops in unemployment rates, the U.S. economy is in recovery. Maybe it doesn’t feel like it to some, but its what we are seeing in the real estate business. The numbers don’t lie. After talking to some of my realtor friends, they agree. We are all light […]
Pinellas County Statistics and Real Estate Trends for October 2011
I get a lot of clients that tell me “I only want short sale and foreclosure listings sent to me” because they assume those are the best deals in the marketplace. Did you know that over 76% of the 8,253 homes on the market today in Pinellas County are non-distressed properties? Hint: This is not […]
Downtown St. Petersburg Condo Sales on the Rise
In the last 6 months, I’ve been noticing a rise in interest from buyers in condominiums in Downtown St. Petersburg. In particular, popular buildings of interest include 400 Beach, Signature Place, and marina-front Vinoy Place among many others. A look at the Pinellas County real estate statistics brings a few interesting points. Our months of […]
Tampa Bay Real Estate Stats for September 2011
Another month of interesting stats here in the Greater Tampa Bay area! The chart above shows a 4 year history back to October of 2007. A couple of things you’ll immediately notice: 1. We are at 5.8 months of inventory. 6 months is considered a “normal” market – neither a buyers market nor a seller’s […]
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