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PROFARM Neighborhood Advocates
Q4 2016 Stats (March 2017)

Greetings!

Florida Realtors® recently released the 2016 fourth quarter (October through December) real estate market statistics for the state. I wanted to give you an overview of how our area is performing.

The single family homes real estate markets in Pinellas, Hillsborough and Pasco Counties finished out strong in 2016. Median Sale Price continued to rise through the end of the year in all three counties. Closed Sales in Hillsborough County were up and held about even in Pinellas and Pasco. Pinellas rebounded from being down in Quarter 3 of 2016 year-over-year in Closed Sales.

Inventory has shrunk year-over-year for the fourth quarter in Pinellas and Pasco, but Hillsborough is finally showing signs of an increase in Active Listings (Inventory). Median Days to Contract was down in the Pinellas, Hillsborough and Pasco markets, though the year-over-year margin started to soften in the fourth quarter of 2016.

As your local Realtor® and Neighborhood Advocate, I am your resource for data that affects our communities and your property value. Homeownership affordability and accessibility is a cornerstone of the Realtor® advocacy efforts at every level – local, state and national.

Here are some highlights from the Florida Realtors® Quarter 4 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Slightly up for Pinellas County; up for Hillsborough County and down only slightly for Pasco County for Quarter 4 2016 from Quarter 4 2015. This statistic is a good indicator of the overall health of the market, and successful closed sales mean a win-win for both buyers and sellers.
  • Pinellas County: 3,351 Closed Sales Q4 2016 vs. 3,271 Closed Sales Q4 2015, a 2.4% increase
  • Hillsborough County: 4,641 Closed Sales Q4 2016 vs. 4,225 Closed Sales Q4 2015, a 9.8% increase
  • Pasco County: 2,335 Closed Sales Q4 2016 vs. 2,340 Closed Sales Q4 2015, a 0.2% decrease
  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 4 2016 from Quarter 4 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.
  • Pinellas County: $218,000 Median Sale Price Q4 2016 vs. $185,000 Median Sale Price Q4 2015, a 17.6% increase
  • Hillsborough County: $225,000 Median Sale Price Q4 2016 vs. $205,000 Median Sale Price Q4 2015, a 9.8% increase
  • Pasco County: $185,000 Median Sale Price Q4 2016 vs. $160,000 Median Sale Price Q4 2015, a 15.6% increase
  • Inventory (Active Listings): Down for Pinellas County and Pasco County and up just slightly for Hillsborough County for Quarter 4 2016 from Quarter 4 2015. When inventory is low, there are fewer houses on the market and buyers are often competing for homes or have a tougher time finding a home that suits their exact needs. Flexibility, planning and preparation are key to being able to make an offer on a home when you do find what you’re looking for.
  • Pinellas County: 3,288 Active Listings Q4 2016 vs. 3,317 Active Listings Q4 2015, down 0.9%
  • Hillsborough County: 4,382 Active Listings Q4 2016 vs. 4,364 Active Listings Q4 2015, up 0.4%
  • Pasco County: 2,217 Active Listings Q4 2016 vs. 2,491 Active Listings Q4 2015, down 11.0%
  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 4 2016 from Quarter 4 2015. The midpoint of the number of days it took for a property to receive a sales contract during that time. The faster a home goes to contract, the less time it is on the market for sale. Another good indicator for sellers and a tool for buyers to understand how to reach their goals in a hot market.
  • Pinellas County: 29 Days Q4 2016 vs. 31 Days Q4 2015, a 6.5% decrease
  • Hillsborough County: 32 Days Q4 2016 vs. 39 Days Q4 2015, a 17.9% decrease
  • Pasco County: 30 Days Q4 2016 vs. 41 Days Q4 2015, a 26.8% decrease

Please don’t hesitate to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566, if I can be of service. Thank you so much.
© 2017 Pinellas Realtor Organization

 

    

PROFarm Neighborhood Advocates
Penny for Pinellas (January 2017)


Infrastructure is critical to our economic growth, and obviously economic growth impacts the value of your home. Taxes, namely property taxes, also impact real estate. For the last thirty years Pinellas County has levied a 1 cent sales tax to pay for roads, police and fire stations, bridges, etc. In November 2017 voters will decide if the penny tax will continue.

In 1989, 1997, and 2007 Pinellas County citizens voted to increase their sales tax by 1 cent to fund needed infrastructure projects. The goal was to make long-term investments in our future without putting the burden completely on property owners. There were needs across the county and elected leaders were facing the prospect of raising property taxes to fill the funding void. Instead, they put it to the voters for a 1 cent tax, and this Fall they will have the option to re-authorize that tax again.

Penny for Pinellas FAQs:

  • Is the tax permanent? No. As the voters have done three times prior, this vote would authorize the Penny for ten more years, specifically the fiscal years of 2020-2030. If passed in the Fall, voters would have the opportunity to re-authorize again in 2027.

 

  • Who gets the money? The county collects the funds and keeps some for its own infrastructure projects. The majority of the money is spread out to the 24 cities in Pinellas County for various needs. They do have to submit their list of projects prior to the vote, and that list is public. Voters will be able to decide if the projects are worthy of the increased tax.

 

  • What happens if the re-authorization fails? A wide range of projects deemed necessary by many while either not be funded, or elected officials could decide to increase property taxes.

 

  • Where could I find more information about the Penny? The county has set up a website with lots of useful information including list of projects, and the history of Penny for Pinellas. It is www.pinellascounty.org/penny/

This issue has the potential to affect you and our local economy, so I thought that you might be interested. If you have questions regarding this or any real estate needs, please feel free to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566.

 

The 2017 College Football Playoff National Championship is being held tonight in Tampa. It looks like a repeat of last year’s game the Alabama Crimson Tide and Clemson Tigers.

Time: Monday, January 9th at 8 p.m. ET

Where: Raymond James Stadium, Tampa, Florida

Thousands of fans started arriving last week. According to the news last week 15 of the top hotels in the Tampa Bay area-including St Petersburg & Clearwater Beach-were completely sold out with many other area hotels filled too. The fans aren’t just college kids. Alum of all ages have been arriving from all over the country too. Raymond James Stadium is expecting more than 50, 000 people to attend the game tonight.

The festivities started on Friday with Fan Day where you had the chance to meet the players & coaches. Saturday was the beach competition with football and special appearances by both championship team bands and cheerleaders.

 

Yesterday there was a concert with Jay Pharoah introducing the bands-Jamie N Commons, Gavin DeGraw & Usher. Nice line up.

 

 

Pinellas Realtor Organization

 

 

NEIGHBORHOOD ADVOCATES INITIATIVE

 

 

 

 

 

 

 

 

Florida Realtors® recently released the 2016 first quarter (January through March) real estate market statistics for the state. I wanted to be sure you had an overview of how our area is performing.

The single family homes real estate markets in Pinellas, Hillsborough and Pasco Counties are looking very strong for the first quarter of 2016. Higher median sales prices, more closed sales, and faster time to contract are all good news for sellers.

Decreasing inventory and lower Median Days to Contract mean fewer homes on the market and a likelihood of more competition for buyers.

As your local Realtor® and Neighborhood Advocate, I am your resource for data that affects our communities and your property value. Homeownership affordability and accessibility is a cornerstone of the Realtor® advocacy efforts at every level – local, state and national.

Here are some highlights from the Florida Realtors® Quarter 1 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 1 2016 from Quarter 1 2015. This statistic is a good indicator of the overall health of the market, and lots of closed sales mean both sellers and buyers are achieving success.
    • Pinellas County: 3,167 Closed Sales Q1 2016 vs. 3,021 Closed Sales Q1 2015, a 4.8% increase
    • Hillsborough County: 3,934 Closed Sales Q1 2016 vs. 3,773 Closed Sales Q1 2015, a 4.3% increase
    • Pasco County: 2,184 Closed Sales Q1 2016 vs. 2,082 Closed Sales Q1 2015, a 4.9% increase
  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 1 2016 from Quarter 1 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.
    • Pinellas County: $195,000 Median Sale Price Q1 2016 vs. $163,319 Median Sale Price Q1 2015, a 19.4% increase
    • Hillsborough County: $200,000 Median Sale Price Q1 2016 vs. $178,000 Median Sale Price Q1 2015, a 12.4% increase
    • Pasco County: $157,025 Median Sale Price Q1 2016 vs. $137,525 Median Sale Price Q1 2015, a 14.2% increase
  • Inventory (Active Listings): Down for Pinellas County, Hillsborough County and Pasco County for Quarter 1 2016 from Quarter 1 2015. When inventory is low, there are fewer houses on the market and buyers are often competing for homes or have a tougher time finding a home that suits their exact needs. Flexibility and preparation are key to being able to make an offer on a home when you do find what you’re looking for.
    • Pinellas County: 4,015 Active Listings Q1 2016 vs. 4,470 Active Listings Q1 2015, down 10.2%
    • Hillsborough County: 5,098 Active Listings Q1 2016 vs. 5,454 Active Listings Q1 2015, down 6.5%
    • Pasco County: 2,759 Active Listings Q1 2016 vs. 3,344 Active Listings Q1 2015, down 17.5%
  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 1 2016 from Quarter 1 2015. The midpoint of the number of days it took for a property to receive a sales contract during that time. The faster a home goes to contract, the less time it is on the market for sale. Another good indicator for sellers and a tool for buyers to understand how to thrive in a hot market.
    • Pinellas County: 36 Days Q1 2016 vs. 49 Days Q1 2015, a 26.5% decrease
    • Hillsborough County: 46 Days Q1 2016 vs. 58 Days Q1 2015, a 20.7% decrease
    • Pasco County: 44 Days Q1 2016 vs. 59 Days Q1 2015, a 25.4% decrease
If you would like to discuss the market statistics further, or would like me to keep you informed, I would welcome the opportunity to provide monthly stats for you. Please don’t hesitate to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566 if I can be of service. Thank you so much!

© 2016 Pinellas Realtor Organization

 

Clearwater Beach has been named the #1 Beach in the U.S. and St. Pete Beach is #4 in TripAdvisor‘s 2016 list for Top 25 Beaches in the U.S.! Beautiful white sands located on the Gulf of Mexico…nice. Most of the beaches are found in Florida (10), California (5) and Hawaii (7). Ocean City, Maryland is also on the list.

Sunset2 (1930701)
  •                                     Clearwater Beach

                 (58355738)
  • such a pretty view looking north from the pier
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  • Lovely beach (38508192)

 

1
Clearwater Beach
Clearwater, Florida
  • The sugar fine white sand is a trademark of this fabulous beach. Perfect for a day in the sun. You might even spot a dolphin or two playing on the horizon.
Best time to go: Year-round
Looking north at St. Pete Beach (127948087)
  • Sunset over St. Pete (41714659)
  • Beach in the morning
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  • View of sunset from Jimmy B's on St. Pete beach (54021246)
  • Beautiful beach, so underrated, truly a gem.
Best time to go: Year-round
Read the whole article & see the other great beaches in the USA at    http://www.tripadvisor.com/TravelersChoice-Beaches-cTop-g191

Pinellas County Press Releases

Recycle Christmas trees

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One of the perks of being a Realtor in the Clearwater Beach-St Petersburg area is the view on your way to and from work. The other day I had a home inspection on a lovely waterfront condo in Dunedin. Yes, it took over an hour’s drive to get there but oh, how gorgeous was the scenery once I arrived. By the way, the temperature was 74 degrees and sunny with a nice breeze. Not bad for December. Ah, life can be so good!! Thank you.

IMG_3015

One of my favorite holiday things to do is to watch the lighted boat parades. When I lived in Annapolis, Maryland we usually needed to bundle up in heavy coats, scarves, gloves & hats and we NEEDED hot chocolate or hot toddies to keep our insides warm. We would also grill a favorite Chesapeake Bay treat- oysters on the half shell. It would take hours for us to thaw out afterwards but, oh, it was so worth it. I have to admit, however, that it didn’t take me long to adapt to the warmer viewing weather here in St Petersburg, Florida. It is very nice to be able to wear my holiday flip-flops while watching the boats parade by. The light displays can be a bit different here-Santa in hammock under 2 palm trees, flamingoes pulling Santa’s sleigh, palm trees instead of the traditional pine trees and Santa in a Hawaiian shirt & sunglasses. You get the idea. There are still some of the traditional light displays like angels blowing trumpets, three wise men and Rudolph. I absolutely love how creative and beautiful the boats look.

Here are some of the boat parades being held here in the St Petersburg, Florida area this December. Please check each the website for each community for the parade routes & any changes.

And don’t forget the St. Petersburg Power & Sailboat Show is this weekend.  The 38th Annual St. Petersburg Power & Sailboat Show, the largest boat show on the Gulf Coast, is set to sail into the Duke Energy Center for the Arts Mahaffey Theater Yacht Basin and Albert Whitted Park in St. Petersburg, Fla., from Thursday, Dec. 3 through Sunday, Dec. 6, 2015. The show will feature an impressive selection of power boats and sailboats in water and on land, including a 40,000-square-foot clearspan tent housing all types of marine gear. www.showmanagement.com  St Pete Rotator 2014

St. Pete Beach Boat Parade is on Friday, December 4, 2015 at 6:00pm. The boat parade starts at 6 p.m. at the Blind Pass Bridge and heads south to the Bayway Bridge.

Dunedin Holiday Boat Parade and Tree Lighting-Saturday, December 5, 2015 at 6:00pm. Decorated boats will travel south down the Intracoastal Waterway to the Dunedin Marina. Santa arrives on the last boat to light the city’s large Christmas tree in Edgewater Park.

Gulfport Lighted Christmas Boat Parade-Saturday, December 12, 2015 at 6:00pm. Members of the Boca Ciega Yacht Club decorate their sail and power boats for this 30th annual holiday water parade. Best viewing spots include: Osgood Point, Gulfport Municipal Marina, Williams Pier, along Gulfport Beach, Town Shores, Pelican Bay, Kipps Colony, Pasadena Yacht and Country Club and Isla del Sol.

St. Pete Illuminated Boat Parade-Saturday, December 12, 2015 at 6:00pm. Twinkling boats of all makes and sizes parade along the downtown waterfront area. Plenty of viewing spaces are available along the Vinoy Basin sea wall, at Demens Landing and on the Pier approach.

Island Estates Yacht Club Holiday Boat Parade,Clearwater-Saturday, December 12, 2015 at 6:30pm. For the 41st year, decorated boats assemble in Mandalay Channel and head to Coachman Park, under the Memorial Causeway Bridge and to the Clearwater Yacht Club’s judging stand. Prizes awarded for best decorated boats.

Madeira Beach Holiday Boat Parade-Saturday, December 12, 2015 at 6:30pm. Gates open at 4 p.m. with family-friendly activities. Bring something to sit on and enjoy live music before decorated boats leave John’s Pass at 6:30 p.m.and pass through the Intracoastal Waterway and canals before ending at the park. Fireworks light up the sky after the boat parade, about 10 p.m.

Treasure Island Lighted Boat Parade-Saturday, December 19, 2015 at 6:00pm. More than 40 decorated boats participate in this annual “Las Vegas on Water” themed parade. Starts at The Club, goes through the Treasure Island Bridge into Boca Ciega Bay and follows the coast line to end at John’s Pass.

Redington Beach-Indian Shores Lighted Boat Parade-Sunday,  December 20, 2015 at 6:00pm. This year’s parade starts on the north side of the Tom Stuart Causeway and ends at the Pub restaurant for an awards ceremony and party.

Year over year, closed sales saw a jump of 25% in February. We’re just getting into the busy buying season, and things are looking up. For the last 4 years, January was a slow start but every year February restarts the busy Florida home buying season of March, April & May. Year over year, closed sales and cash sales saw a jump of 25% and 19% respectively. This is great for us and the economy. Also closed short sale transactions are down 22% from last year.

S & P Case-Shiller Home Price Indices named the Tampa Bay area one of the top 10 home markets in the country!! Tampa Bay continues to be a hot market, with Pinellas County leading the way. Pinellas County includes St Petersburg, St Pete Beach, Clearwater Beach, Treasure Island,  Madeira Beach, Pass-A-Grille & more. I’m sure, we all will be watching the Federal Reserve to see when and how much the interest rates will go up. Pinellas County continues to lead the region in employment as well. Keeping my fingers crossed for a fantastic season & a great year.

Feb 2015 stats

Annalisa Weller, Realtor®, Certified International Property Specialist

(727) 804-6566
AnnalisaWeller1@gmail.com

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