Market Update

Pinellas Residential Sales Trends - August 2020

We've had a lot of inquiries about property values here in Pinellas County. So we decided to pull statistics on the sales trends for the last 10 years. 

Below is the average price trend for residential properties in Pinellas County for the past 10 years. The bar for 2020 is as of August 27, 2020. While we can't predict the future, historically, sales prices in Florida have increased over time. Florida is known for its great weather, beaches, theme parks, fun things to do, absence of a state tax which has led to a consistent influx of residents

Pinellas Residential Sales Trends By Year

Pinellas Residential Properties Sales Trends (August 2020)

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Tampa Bay Area Market Update June 2020

The Market is Hot!

For the Second Quarter of 2020, the average Continuous Days on Market (CDOM) for the greater Tampa Bay area was a very short 30 days. What that means is from the time the property was first listed to when it went under contract, was only 30 days.

For the Second Quarter, the Sale Price was a record high 99% of the current Listing Price in the Multiple Listing Service (MLS). This is a 10-year record high.

Area

CDOM

SP/LP Ratio

 Tampa Bay

30

99%

 Pinellas

21

98%

 Hillsborough

23

100%

 Pasco

25

99%

 Hernando

20

99%

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Is Florida On Sale? (April 2020)

Want to know what is happening in the Pinellas beach area condo market in early 2020? What are the price trends? What is the market saying/

Watch this to find out.

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