Real Estate Market Report for July 2011 Pinellas County Florida

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There is a lot of confusing information about the Real Estate market and home and condo sales sales here in Pinellas County Florida.

Doesn’t matter who you ask, you get all kinds of different answers about the Pinellas County Real Estate Market. As always, I will give you my opinion but also the official statistics from the Pinellas Realtor Organization so you can see for yourself.

 

Compared to July 2010 we have see and increase from 890 total units sold in Pinellas county to 1235 sold in July this year and that to me is positive news.

We are also seeing a steady decline in new real estate listings by 27% from July 2010 to July 2011 and again, this is good news to me.

Bad news is that the median sales price is still going down in nearly all of Pinellas county and compared to last July the homes values have declined by about 5%. 

 

Please keep in mind that we have seen worst than 5%, so maybe there is light at the end of the tunnel.

Another interesting real estate market statistic is financing / cash deals.

Trust me, I wish I had a crystal ball and could tell you exactly what is going to happen to the real estate market here in Pinellas county but unfortunately crystal balls do not exist in my world.

Talking about the world, it has gotten very small and everything is connected to each other and this makes the real estate market even more unpredictable.

Also, please remember that these are the statistics for all of Pinellas County. If you live in Treasure Island or St. Pete Beach or Madeira Beach or Tierra Verde etc. your statistics might look very different.

Feel free to call or email and we will be happy to give you the information that is customized to YOUR neighborhood.

 

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