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PROFARM Neighborhood Advocates
Q4 2016 Stats (March 2017)
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.
- Sunday, January 8th, 2017
10:00am to 5:00pm
271 Main Street in Dunedin, FL Cost:Free Admission
Along Dunedin’s Main Street, some of the nation’s most talented artists are showcasing various mediums including sculpture, photography, glass, paintings, ceramics, jewelry, mixed media and more. You will have the opportunity to meet with the artists, commission a work of art, and learn what inspires the artists’ work.
Dunedin, one of the oldest towns on the West Coast of Florida, has almost four miles of picturesque waterfront, a relaxed lifestyle, and activities for all likes and ages, making Dunedin a truly delightful place to live or visit.
The name of this small town, located on the west coastal of central Florida comes from Dùn Èideann, which is the Scottish Gaelic name for Edinburgh-the capital of Scotland.
Dunedin is one of the few towns or cities that still has open waterfront views to the Intracoastal Waterway and the Gulf of Mexico. Its beaches, including Dunedin Causeway, Honeymoon Island, and Caladesi Island State Park, are consistently rated among the best beaches in the world. Dunedin is located between Clearwater, the Gulf of Mexico and by Palm Harbor. And yet it is close to Tampa, St Petersburg and Tampa International Airport. A very nice location. Small town feel with worldly connections.
In the 1800’s Scottish families originally settled in the area. In 1852 two Scotsmen by the names of J.O. Douglas and James Sumerville, called the area Dunedin after their hometown in Scotland-Edinburgh. Once upon a time Dunedin was one of Florida’s main ports with the largest fleet of sailing ships in the state.
Once a year, usually in April, the Dunedin Highland Games are held with competitions including caber tossing, sheep herding, stone throwing & pipe and drum bands. There is also the DUNEDIN CELTIC MUSIC & CRAFT BEER FESTIVAL, usually held in November.
Dunedin has been the training site for every Blue Jays Spring Training season for the last 40 YEARS. This makes Toronto the only major league franchise to have remained in the same location for all of its spring training.
If you want to know about Dunedin, Florida, you might want to watch this short video produced by St Pete-Clearwater. It is a great overview of city of Dunedin, the Pinellas Trail, Honeymoon Island and Caladesi Island State Park.
VETERANS DAY AT THE FLORIDA AQUARIUM Friday, November 11, 2016
Florida Aquarium, 701 CHANNELSIDE DRIVE, TAMPA
All Veterans, active duty or drilling reservist or National Guard members and dependents get one free ticket to the aquarium. Additional guests (up to 4 people) get $15 general admission.$24.95, $22.95 seniors, $19.95 ages 3-12, 2 and younger free. Prices may be less if you buy them online at the aquarium’s site.
Ribfest St Pete 2016-November 11th, 12th, and 13th, 2016
Three day charity fundraiser helps a variety of youth oriented causes. Ribfest features the best BBQ ribbers in the world, national touring bands playing classic & southern rock & country hits including Huey Lewis and the News, The Doobie Brothers and Chris Young,Millennials, Greg Billings Band . On Saturday & Sunday there are fun activities for kids – in the Family Fun Zone Hosted by Great Explorations Children’s Museum. Gates open at 11am daily. Vinoy Park, 701 Bayshore Drive NE, St. Petersburg, Florida for more info: http://ribfest.org/
DUNEDIN WINE AND ART WALK-Friday, November 11, 2016 5:30pm
Pioneer Park-MAIN ST AND DOUGLAS AVE, Dunedin, Florida
Celebrate the second Friday of the month with art exhibits, wine tastings, food samples, live entertainment and a drawing. $10 wristbands to get discounts and be eligible for prize drawing (valued at $150 or more). http://2ndFridayDunedin.com/
AN EVENING WITH DAN RATHER-Friday, November 11, 2016 6:00pm
Hilton St. Petersburg Bayfront, 333 FIRST ST. S, St Petersburg, FL
One of America’s best known journalists shares his insights on the current state of the media. $100.
Great Explorations Children’s Museum Friday, November 11, 2016 6:00pm
1925 FOURTH ST. N, St Petersburg, Children ages 4 to 10 can enjoy unlimited exhibits, the touch tunnel, science shows and a G-rated movie while their parents have a night alone. Includes pizza, snacks and juice. $35, $25 members.
CARCASS AND DEAFHEAVEN Friday, November 11, 2016 7:00pm
State Theatre, 687 CENTRAL AVE., St Pete, The late ’80s Liverpool metal band co-headline a tour with the San Francisco rockers along with opener, Inter Arma. $26-$27.
ST. PETE SWING SUMMIT-Friday, November 11, 2016 7:00pm
Hip Expression Studio, 2033 54TH AVE N, St. Petersburg
Three rooms of dancing with a different style of music in each room. Includes a drop in beginner Lindy Hop lesson and a progressive intermediate Lindy Hop lesson. $10.
TARTUFFE-Friday, November 11, 2016 8:00pm
American Stage Theatre Company at Raymond James Theater, 163 Third. N, St Petersburg
Moliere’s classic tale follows a wealthy businessman who entrusts his fortune to a con man posing as a political leader. $39-$49.
DUNEDIN WINES THE BLUES FESTIVAL -Saturday, November 12, 2016 1:00pm
Main St Dunedin-Listen to blues by Damon Fowler Group, Jonathan Boogie Long, Branson Welsh and Woody and the Woodtones as you enjoy wines from around the world, food from area restaurants, beer, spirits and arts and craft vendors.
Dunedin is such a delightful little town and has so much going for it. Dunedin has beautiful beaches, parks, a marina that allows daily as well as long term rentals, many street fairs & festivals throughout the year, Honeymoon Island state park, water sports to baseball, loves dogs and definitely supports the arts. You can celebrate your Celtic heritage even if it’s not in your DNA. Here are just a few things to do in Dunedin this weekend. Enjoy!!
For more info go to: http://visitdunedinfl.com/
FALL HARVEST: RECEPTION
Saturday, October 22, 2016 1:00pm
The Plainsmen Gallery, 2141 MAIN ST., DUNEDIN, Florida
An exhibition of western, wildlife and Florida art by local and national artists, including members of the Cowboy Artists of America. Watch artist Terry Smith’s painting demonstration, enter to win a limited edition print, and enjoy champagne and light appetizers. Free.
CRAFT BEER AND CRAB FESTIVAL
Saturday, October 22, 2016 2:00pm and Sunday, October 23 12pm
Edgewater Park, 51 MAIN ST., DUNEDIN
Bring chairs and blankets to the waterfront park for Olde Bay Cafe’s family festival highlighting local seafood, craft beers and crab dishes with live music by the Caroline Kole. Benefits Helping People Help Themselves.. Free (food/drink additional).
DUNEDIN HALLOWEEN HAPPENING
Saturday, October 22, 2016 5:30pm
Highlander Park, 1920 PINEHURST ROAD, DUNEDIN
The haunted fun includes “Boo in the Zoo” trick-or-treat house for preschoolers, carnival games, bounce houses, DJ music, haunted hayride, arts and crafts and age appropriate costume contests. $10 wristband; $5 hayride.
SPIES AND BLACK TIES
Saturday, October 22, 2016 7:00pm
Conmy Center, 750 SAN SALVADOR DRIVE, DUNEDIN
Dress as your favorite spy or villain for a night of food and entertainment. Benefits Religious Community Services to assist the hungry, homeless and domestic violence survivors. $125.
FOOD AS ART WORKSHOP
Sunday, October 23, 2016 2:00pm
Dunedin Fine Art Center, 1143 MICHIGAN BLVD., DUNEDIN
Casual class explores a variety of food topics. $45, $35 members.