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Pinellas International Council 6th Annual Global Symposium-Thank you to David Bennett CEO of PRO, John-Paul Mario Chair of the PRO Business Affiliates, Susan Inez-Poskus CPA from Roberge Poskus, Maria Grulich from Florida Realtors, Bill Risser, VP of Digital Strategy from Fidelity National Title, Don Gonzalez Attorney, Carlos Fuentes NAR instructor, the nearly 100 attendees and all of the PRO Affiliates who sponsored this informative event. Thank you all for making this such great day!!
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
Don’t get left out of this important market! Did you know that 22% of all International buyers in the USA bought property in Florida? International buyers are a significant component of the Florida real estate market. 74% purchase with cash & spend an average of $174, 624 for their Florida-based home. According to National Association of Realtors, between April 2015 & March 2016, two out of three Florida Realtors worked with International buyers last year
Please join us for this very informative day. Excellent speakers & 3 hours of CE credit too!
NOW IS THE TIME to get involved with International Real Estate. Attend our Pinellas International Council’s 6th Annual Global Symposium and learn the proper way to work with buyers & sellers from around the world ! Register here: http://www.calendarwiz.com/calendars/popup.php?op=view&id=108868777&crd=pro
Get your flip-flops ready!! Jimmy Buffet has partnered with Minto Communities to create a community for people 55-and-older in Daytona Beach, Florida which promises to “reflect the lifestyle embraced in Buffet’s songs”.
MINTO COMMUNITIES + GETTY photo
Say what? Get your limes & salt shakers out.
The 6,900-home community says it will be tropical & fun.The plans include a pool with cabanas instead of a central park & statue like most towns. Music, food, beverages, an onsite fitness center, indoor lap pool, spa and an outdoor resort-style pool will be the core of this development.
William Bullock, a senior vice president with Minto, told The Daytona Beach News-Journal: “You never know when or where Jimmy Buffett may show up to do a concert. The concept for the community is Margaritaville equals fun,” Bullock said. “Having fun, socializing, enjoying the lifestyle because you’ve earned it, you’ve been waiting your whole life for it and now you’ll be able to celebrate it with food, fun and music.”
The first phase of the Latitude Margaritaville, Daytona Beach, homes are expected to be ready to move into by fall 2018. They’ll feature Old Florida and Key West architectural styles and range in price form the low $200,000s to the mid-$300,000s. They are also going to have some live broadcasts, artists unknown at this time, from there on their SiriusXM Channel.
for more info see http://www.news-journalonline.com/news/20170216/jimmy-buffett-community-coming-to-daytona
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.
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.
According to AAA, more than 103 million Americans–the most on record–are expected to travel for the year-end holidays. This represents a 1.5 percent increase, or 1.5 million more people traveling, compared with last year. This comes despite one fewer travel day this holiday season. The year-end holiday travel period is defined as Friday, December 23 to Monday, January 2, 2017.
The increase in holiday travel this year is being driven by additional consumer spending, a result of improvements in the labor market and rising wages. Additionally, low gas prices and increased consumer optimism will prompt more Americans than ever to set out on road trips, take to the skies, or board trains, buses and cruise ships to celebrate the holidays.
“It’s the season for holiday travel, and this year more Americans will travel to celebrate the holidays and ring in the New Year than ever before,” said AAA President and CEO Marshall Doney. “Rising incomes and continued low gas prices should make for a joyous holiday travel season.”
Most travelers will drive this holiday season
The vast majority of travelers–93.6 million people–will take a holiday road trip, an increase of 1.5 percent over last year. Air travel is expected to increase by 2.5 percent, with more than 6 million Americans flying to their holiday destinations. Travel by other modes of transportation, including cruises, trains and buses, will decrease slightly, to 3.5 million travelers.
New Year’s gas prices second-cheapest in nearly a decade
AAA estimates U.S. drivers have saved more than $27 billion at the gas pumps so far this year compared to the same period last year. Today’s national average price for a gallon of gasoline is $2.23, 23 cents more than the average price on New Year’s Day 2016 ($2.00). Most U.S. drivers will pay the second-cheapest New Year’s Day gas prices since 2009, when the national average was $1.62.
Holiday airfares, hotel rates and car rental prices mixed
According to AAA’s Leisure Travel Index, holiday airfares are projected to average $204 for a roundtrip flight along the top 40 domestic routes. Rates for AAA Two and Three Diamond Rated lodgings are expected to increase 7 percent, with travelers spending an average of $128 and $160 per night, respectively. Daily car rental rates will average $66, slightly lower than last year’s holiday travel season.
Warm-weather destinations top the list of most popular holiday destinations
With the exception of New York City–an-ever popular holiday destination–warm-weather locales in Florida, Nevada and California top the list of most popular destinations for this holiday season travel.
The Tall Ship Lynx, a modern interpretation of an 1812 American privateer, is scheduled to sail into St. Pete on Wednesday morning where it has found a permanent winter home.
The 110-foot ship is expected to come under the Sunshine Skyway Bridge with full sails sometime around 10 a.m. It will then head into the Vinoy Basin/North Yacht Basin, do a four-gun salute and make her way to Harborage Marina where she will berth until the seasonal dock is finalized right next to the ferry. They plan is to begin opening the boat up to the public for tours, sailing trips, and corporate events this weekend.
The idea of offering the Lynx a permanent berth first came up during then-Mayor Bill Foster’s administration. But the idea never seemed to gel until recently, said Greg Holden, chair of the St. Petersburg Area Chamber of Commerce. More recently, with the support of Council member Ed Montanari, Mayor Rick Kriseman, local businesses and others, the dream looks as if it might become reality.
“This is one of those five-year, overnight successes,” Holden said.
It’s an “amazing” opportunity for the city, he said. Having a tall ship in port is a draw for businesses and tourists. It’s also an attraction to help more people get out onto the water and to learn a bit of history.
The Lynx, he said, would harken back to the days of the Bounty, which was a reconstruction of the 1787 Royal Navy sailing ship HMS Bounty. The Bounty summered in New England and wintered in St. Pete, operating out of the Pier.
“There’s been an overwhelming amount of support” for having the Lynx use St. Petersburg as a permanent winter home, said Don Peacock, executive director of the Lynx Education Foundation. “We’re looking at this as a long-term program.”
The Lynx was built as a hands-on educational tool to teach American history. When she was in St. Petersburg last winter, Peacock said the crew worked with recreational centers in south St. Petersburg and with Admiral Farragut Academy. Kids from both sailed on the ship for a day while they learned how to sail her the way she was sailed in 1812 when the original Lynx went to sea.
“It’s all done by hand,” Peacock said.
Peacock said the Lynx would like to expand its outreach to more schools and recreational centers this year.
The Lynx and its educational programs are run by a non-partisan, nonprofit organization. The funding comes from donations and from the fees that corporations and members of the public pay to go on sails or to rent the Lynx for events.
The Lynx is an interpretation of an 1812 vessel of the same name that was one of the first privateers to take to the seas after the start of the War of 1812. A privateer was used to prey on British merchant vessels. Although the Lynx was designed like a privateer, she was outfitted for trade so she could help keep supply lines open for the Americans during the war. She was captured about a year into the war and saw service as a Royal Navy vessel called the Mosquidobit. In the late 1990s, the modern Lynx was built to the plans of the original.
http://tallshiplynx.com/history/ and Anne Lindberg at http://saintpetersblog.com/tall-ship-lynx-dock-st-pete-permanently/
What: The National Association of REALTORS® 2016 Annual Conference and Expo
When: November 4-7, 2016
Where: Orange County Convention Center West, Orlando FL
Network with Realtors from across the USA and from around the world. Learn about the latest products, technologies and legal issues. Take classes. Be aware of the latest scams-protect yourself and your clients. Join in on meetings. Find out about the best marketing tools. What do buyers and sellers want these days in a home and in their agent? See what benefits NAR has for its members. Expand your mind and have fun!
Hope to see you there!