The good news is
For the first time in almost three years, Florida’s existing home sales rose in September, noting a 24 percent increase in activity in the year-to-year comparison; last month’s sales of existing condos statewide increased 11 percent in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors®
The bad news is
Home prices are still falling in a lot of areas.
The good news is
Interest rates dropped again.
The bad news is
If your asking price is not competitive, your property will not sell.
Banks look very closely at the appraisal and if it does not come in at or above asking price, the bank will simply not loan the money. I hear all the time “We just need a cash buyer than” that sounds like a great idea, but the “cash” buyer is traditionally a smart buyer and will not pay more than fair market value, the opposite cash buyers know that it is an advantage for the seller if no mortgage is involved and therefore the “cash” buyer expects a “discount”
Everybody tells me. “Nothing moves, nothing is selling, the market is standing still”
Simply not true. Here in Pinellas County (according to MLS) we have sold 7240 residential listings so far this year. 4566 single family homes and 2674 condos. Below is a break down in %
$29,999 or under 65 0.90%
$30,000 – $39,999 97 1.34%
$40,000 – $49,999 132 1.82%
$50,000 – $59,999 131 1.81%
$60,000 – $69,999 210 2.90%
$70,000 – $79,999 219 3.02%
$80,000 – $89,999 221 3.05%
$90,000 – $99,999 221 3.05%
$100,000 – $119,999 588 8.12%
$120,000 – $139,999 703 9.71%
$140,000 – $159,999 641 8.85%
$160,000 – $179,999 558 7.71%
$180,000 – $199,999 448 6.19%
$200,000 – $249,999 819 11.31%
$250,000 – $299,999 552 7.62%
$300,000 – $399,999 639 8.83%
$400,000 – $499,999 330 4.56%
$500,000 – $599,999 198 2.73%
$600,000 – $699,999 119 1.64%
$700,000 – $799,999 75 1.04%
$800,000 – $899,999 57 0.79%
$900,000 – $999,999 55 0.76%
Over $1,000,000 162 2.24%
2008 Totals 7,240
Taking the chance that I might sound like a broken record, there are only 3 reasons why a house or condo does not sell
Not enough advertising and marketing
Or (once in a dark blue moon) it is just too unique for buyers.
OK, enough, that was your market update from South Beaches Real Estate Professionals.
Since we are approaching the holiday season here are some helpful tips
To remove old wax from a glass candle holder, put it in the freezer for
a few hours. Then take the candle holder out and turn it upside down. The
wax will fall out.
To easily remove burnt on food from your skillet, simply add a drop or
two of dish soap and enough water to cover bottom of pan, and bring to
a boil on stove top.
St. Pete Beach Lighted Boat Parade: 6 p.m. Friday: The parade starts at the Merry Pier at the Pass-a-Grille section of St. Pete Beach and runs past the Don Cesar hotel to the tip of the island.
Treasure Island Christmas Boat Parade: 6:20 p.m. Sunday. Offering one of the best views for spectators, this parade leaves Treasure Island Tennis and Yacht Club (400 Treasure Island Causeway) and floats by John’s Pass at about 7 p.m.
Madeira Beach Boat Parade: 7 p.m. Dec. 13. The parade starts at John’s Pass and ends in the canal north of City Hall on the border with Redington Beach, beyond the Tom Stuart Causeway Bridge.
Redington Beach And Indian Shores Parade: 6 p.m. Dec. 16. The parade begins north of the Tom Stuart (Madeira Beach) Causeway. Boats will cover a route following the Intra-Coastal Waterway from just north of the Tom Stuart Causeway Bridge (Redington Beach) to The Pub restaurant in Indian Shores.
Undo the last action. This selection can be repeated several times.
Redo – After an action has been undone, it can be reinstated in the document.
Time change – Fall back
Get it right this year, do not forget to reset your clock, go BACK. So at 2 am it will be 1 am again (one more hour to party, hope I got that one right)
PS. Also check out our new “search all listings feature” on our website.
You can do your search and you can make notes or ask questions and save properties and monitor if there are any price changes.
We get a lot of comments on our new Saint Petersburg “weather report” check it out; let me know what you think about our St. Pete Tampabay weather.