Pinellas County Florida Condo Prices going back - but not as far as Homes

By
Real Estate Agent with Coastal Properties Group International

The Pinellas Realtor® Organization has released Sales Trends for Pinellas County, Florida. This market update shows that the median price (January to January) has dropped to a level between 2005 and 2006:

2003    $ 94,000
2004    $140,000
2005    $159,000
2006    $187,000
2007    $200,000
2008    $168,000

The absorption rate for January 2008 was 2.9%. Condo statistics are less reliable than single family home statistics in the MLS reports because new condo developers are not consistent in whether or not the properties are recorded in the MLS.

As I've pointed out before, median prices don't tell the whole story.

In the residential sales reported for Pinellas County in this week's Tampa Bay Business Journal, 53% if the sales were condos vs 47% for single family homes. Of the condo sales reported in this issue,  a full 1/3 of them were at or above $1,000,000.

Posted by

Sharon Simms
CIPS CRS CLHMS CRB RSPS
Coastal Properties Group
CHRISTIE'S International Real Estate
238 Beach Drive NE
St Petersburg, FL 33701
www.ssimms.com    www.coastalpgi.com   www.christiesrealestate.com
(727) 898-2582    Sharon@SimmsTeam.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Florida Pinellas County
Tags:
pinellas county market update condo sales january 2008

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
605,794

Sharon Simms

St. Pete FL - CRS CIPS CLHMS RSPS
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information