You are currently browsing the tag archive for the ‘Market Statistics’ tag.

7. Kitchen3

1766 Maryland Ave NE, St Petersburg, Florida

When a homeowner decides to sell their house, the number one thing that they want is, of course, the best possible price!! Right? Next, is that they want the least amount of problems to receive this price. Most sellers don’t realize all of the steps required to reach their goal. Marketing is more than sticking a sign in the yard, placing an add on Craig’s list or posting some photos on Facebook. Does the seller know how to stage the house to show it’s best appeal to the most buyers? Is the seller willing to answer phone calls 24/7, literally? Yes, at 2 in the morning when a buyer is searching the Internet! Does the seller know if the buyer is a serious buyer with their mortgage in place or are they pre-approved? In order to know all of these things & much more, a seller really needs to hire a real estate professional.

Technology has changed the buyer’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%. However, the report also shows that 96% of buyers who used the internet when searching for homes purchased their homes through either a real estate agent/broker or from a builder or builder’s agent. Only 2% bought their homes directly from a seller that they didn’t know. Most of the buyers who bought homes directly from sellers (For Sale By Owner) still used a Realtor to represent them. Buyers start their search for a home online but then depend on an agent to find the home they will buy (50%), to negotiate the terms of the sale (47%) & price (36%), or to help understand the process (61%). There is so much information out there, either through the Internet or family & friends that more buyers are now reaching out to real estate professionals to help them through the very complicated process. The percentage of buyers who have used agents to buy their homes has steadily increased from 69% in 2001.


Sooooo, if you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process. The vast majority of buyers have realized that they actually need a Realtor in order to purchase their new home correctly. The laws regarding real estate change constantly & a professional Realtor will know the latest requirements & forms, as well as have a much larger audience with which to present your home in the best light.

 

PROFarm_4Qstats_postcard

 

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

 

nai_3qstats_postcards_web-1

 

                                                                                                

  Here is an overview of how our area is performing.
The single family homes real estate markets in Pinellas, Hillsborough and Pasco Counties are still looking very strong after the third quarter of 2016. Higher median sales prices, more closed sales, and faster time to contract are all good news for sellers.
Inventory has shrunk year-over-year for the second quarter. Median Days to Contract is down in the Pinellas, Hillsborough and Pasco markets, reflecting the short amount of time a home is on the market between being listed and being sold. All of this means fewer homes to choose from and a likelihood of more competition between 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 3 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Slightly down for Pinellas County; up for Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 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.

o    Pinellas County: 3,709 Closed Sales Q3 2016 vs. 3,759 Closed Sales Q3 2015, a 1.3% decrease
o    Hillsborough County: 5,257 Closed Sales Q3 2016 vs. 4,928 Closed Sales Q3 2015, a 6.7% increase
o    Pasco County: 2,719 Closed Sales Q3 2016 vs. 2,648 Closed Sales Q3 2015, a 2.7% increase

  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.

o    Pinellas County: $219,900 Median Sale Price Q3 2016 vs. $186,000 Median Sale Price Q3 2015, an 18.2% increase
o    Hillsborough County: $224,045 Median Sale Price Q3 2016 vs. $202,000 Median Sale Price Q3 2015, a 10.9% increase
o    Pasco County: $185,000 Median Sale Price Q3 2016 vs. $157,500 Median Sale Price Q3 2015, a 17.5% increase

  • Inventory (Active Listings): Down for Pinellas County, Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 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.

o    Pinellas County: 3,857 Active Listings Q3 2016 vs. 3,952 Active Listings Q3 2015, down 2.4%
o    Hillsborough County: 5,113 Active Listings Q3 2016 vs. 5,251 Active Listings Q3 2015, down 2.6%
o    Pasco County: 2,518 Active Listings Q3 2016 vs. 2,905 Active Listings Q3 2015, down 13.3%

  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 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.

o    Pinellas County: 27 Days Q3 2016 vs. 32 Days Q3 2015, a 15.6% decrease
o    Hillsborough County: 29 Days Q3 2016 vs. 39 Days Q3 2015, a 25.6% decrease
o    Pasco County: 29 Days Q3 2016 vs. 43 Days Q3 2015, a 32.6% 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.

© 2016 Pinellas Realtor Organization

Pinellas Realtor Organization
Neighborhood Advocates Initiative
Q2 Stats (Campaign #8 / 8-2016)

 

Displaying

Florida Realtors® recently released the 2016 second quarter (April through June) real estate market statistics for the state. I wanted to share with you an overview of how our area is performing.

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

Inventory has shrunk year-over-year for the second quarter. Median Days to Contract is down in the Pinellas, Hillsborough and Pasco markets, reflecting the short amount of time a home is on the market between being listed and being sold. All of this means fewer homes to choose from and a likelihood of more competition between 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 2 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 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: 4,023 Closed Sales Q2 2016 vs. 3,893 Closed Sales Q2 2015, a3.3% increase
    • Hillsborough County: 5,426 Closed Sales Q2 2016 vs. 5,094 Closed Sales Q2 2015, a 6.5% increase
    • Pasco County: 2,859 Closed Sales Q2 2016 vs. 2,763 Closed Sales Q2 2015, a3.5% increase
  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.
    • Pinellas County: $209,950 Median Sale Price Q2 2016 vs. $184,433 Median Sale Price Q2 2015, a 13.8% increase
    • Hillsborough County: $220,990 Median Sale Price Q2 2016 vs. $200,000 Median Sale Price Q2 2015, a 10.5% increase
    • Pasco County: $177,725 Median Sale Price Q2 2016 vs. $156,475 Median Sale Price Q2 2015, a 13.6% increase
  • Inventory (Active Listings): Down for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 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 preparationare key to being able to make an offer on a home when you do find what you’re looking for.
    • Pinellas County: 3,916 Active Listings Q2 2016 vs. 4,261 Active Listings Q2 2015, down 8.1%
    • Hillsborough County: 5,266 Active Listings Q2 2016 vs. 5,611 Active Listings Q2 2015, down 6.1%
    • Pasco County: 2,642 Active Listings Q2 2016 vs. 3,141 Active Listings Q2 2015, down 15.9%
  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 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: 28 Days Q2 2016 vs. 35 Days Q2 2015, a 20.0% decrease
    • Hillsborough County: 28 Days Q2 2016 vs. 39 Days Q2 2015, a 28.2% decrease
    • Pasco County: 33 Days Q2 2016 vs. 42 Days Q2 2015, a 21.4% 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 for your time.

© 2016 Pinellas Realtor Organization

The luxury real estate market in the Great North is white hot with Toronto retaining it’s top spot. Here’s why.

anada has it all: Natural beauty, a pristine environment, sizzling culture, political stability, strong employment, educational excellence, an active outdoor lifestyle, and a currency exchange that welcomes the international real estate investor.

As we look ahead to next year’s Luxury Defined, the definitive global report on prime real estate worldwide, Christie’s International Real Estate checked in for an interim report from our top performing market of 2014.

THE STATE OF CANADA’S LUXURY REAL ESTATE MARKET: SEE THE INFOGRAPHIC 

Toronto not only retains its lofty standing, incredibly, the luxury property market is even hotter than it was a year ago. Last year, Toronto’s 31 Days on Market, the time it takes to sell a luxury home, was half of second place San Francisco’s 71 days. The Christie’s International Real Estate Affiliate in Toronto, Chestnut Park, recently noted that in 2015 the number has dropped lower – to 26.

Days on the Market (in $3 million + category)
Days on the Market (in $3 million + category)

Fueling these sales is the keen interest from Chinese buyers and an appreciation of hard assets, such as art and real estate, as a reliable investment option over the long term, especially when markets are volatile, as they have been in China. These buyers, however, are not strictly investors but rather are moving their families and living here, drawn by the top-notch schools, the clean air, and sense of safety. Vancouver and Toronto are top destinations for the Chinese buyer.

In fact, Toronto leads the other major Canadian markets with a 55% leap in million dollar sales for the first half of the year and a 52% jump in sales over $2 million. More recently, in September, Toronto posted 32 sales in excess of $3 million, which is up from 25 the year prior. Chestnut Park reports that most of the transactions at this price point sold over asking price. The city is on track to pass the mark of 100,000 total sales for the year, which would shatter the previous record of 93,000 set in 2007.

Year-Over-Year Home Sales Volume Growth
Year-Over-Year Home Sales Volume Growth

Toronto did not have Canada’s top sale. That honor went to Vancouver when Mailin Chen, a businessman from Mainland, China, who already resided in Canada and operates a company there, purchased an estate for $51 million. That said, the average price of a freehold detached home in Toronto was $1 million in September, which is an historic breakthrough at that price point.

“I would say, however, that $3 million and up defines the luxury market in this category,” says Chris Kapches, President of Chestnut Park Real Estate Limited in Toronto, Ontario, Canada. “For condos, I would put the luxury price point at $2 million. This is an attractive alternative to freehold in that the entry point is more accessible and while the demand is high, with multiple offers on most transactions, the city’s inventory is growing to satisfy that demand.”

Top Real Estate Sales by Region
Top Real Estate Sales by Region

As the city itself becomes less affordable, the outlying areas are seeing renewed interest from buyers. Not only are prices more attractive, Toronto’s Land Transfer Tax, which would translate to $100,000 on a $2 million home, simply goes away on transactions outside the city limit. Chestnut Park reports an explosion in Collingwood and Hamilton where people are purchasing homes for a third of the price and starting businesses and professional practices in retail space that is less expensive as well. One result: in October a home in Hamilton listed at $599,000 sold for $810,000 after 17 offers.

Notable markets also experiencing this ripple effect are Montreal. Our Affiliate, Profusion Realty, has noticed that foreign investors, including a growing number of Chinese buyers, are coming to see the value proposition of to purchasing in a city as vibrant as Toronto or Vancouver but at a fraction of the cost.

In Victoria, sales are also up due to a phenomenon we call “Lifestyle Arbitrage”. This is when sellers opt to cash out of their current residence and relocate to a lower-priced home while maintaining their present lifestyle with considerably more money in the bank. Our Affiliate in Victoria, Newport Realty, is experiencing this a citizens of Vancouver choose to take advantage of the city’s real estate boom, international demand and rising prices then relocate to Victoria. As a result, prices is this bucolic corner of Canada are going up, including the record sale of $7.3 million achieved by our Affiliate over the summer. This is the highest price posted in the past eight years.

The drop in oil prices has hit Calgary hardest in Canada with sales down 28% in the $1 million-plus range and down 38% in the $2 million-plus range. Our Affiliate, Semrau & Associates, reports, however, that some affluent buyers are purchasing teardown properties near the city center and building custom homes.

$1M+Home Sales Volume
$1M+Home Sales Volume
$2M+ Home Sales Volume
$2M+ Home Sales Volume

As with any white-hot real estate market, speculations of an impeding bubble burst in Canadian real estate have proven irresistible to journalists around the world. That said, in the foreseeable future, there appears to be no change in the forces driving the market to these heights. The low value of the Canadian dollar creates a value proposition for international investors. The country is projecting (and preparing for) an increased number of foreigners in 2015 – 285,000, to be precise, compared with approximately 260,000 in 2014. And as political unrest continues around the globe, more people are likely to agree with a United Nations report naming Canada one of the world’s top places to live.

What Do You Get for C$5 Million in Canada?
What Do You Get for C$5 Million in Canada?

Top Listings from our Canadian Affiliates:

Victoria, British Colombia, Canada

This private 200 acre estate ranch with 7000 sq. ft. offers outdoor living space with spacious indoor rooms & magnificent views.
This private 200 acre estate ranch with 7000 sq. ft. offers outdoor living space with spacious indoor rooms & magnificent views.


Alberta, Canada

This gracious 4940 sq ft home is rich in Calgary's heritage & offers gleaming hardwood floors on the main level, 3 fireplaces, formal living & dining rooms, main floor family room & a gourmet kitchen with bright eating area.
This gracious 4940 sq ft home is rich in Calgary’s heritage & offers gleaming hardwood floors on the main level, 3 fireplaces, formal living & dining rooms, main floor family room & a gourmet kitchen with bright eating area.


Toronto, Ontario, Canada

This is an incredible renovation of an originally designed Barton Myers residence reminicent of a magnificent manhattan townhome.
This is an incredible renovation of an originally designed Barton Myers residence reminicent of a magnificent manhattan townhome.

http://luxurydefined.christiesrealestate.com/blog/market-insights/canada-reigns-global-stage

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

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

Residential News » North America Edition | By WPC Staff | May 29, 2014

According to the National Association of Realtors (NAR), pending home sales in the U.S. improved for the second straight month in April. Gains in the Midwest and Northeast offset declines in the West and South.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 0.4 percent to 97.8 in April from 97.4 in March, but is 9.2 percent below April 2013 when it was 107.7.

Thumbnail image for lawrence-yun.jpg
Lawrence Yun, NAR chief economist, expects a gradual uptrend in home sales. “Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective home buyers’ confidence,” he said. “An uptrend in closed sales is expected, although some months will encounter a modest setback.”

Yun projects the 30-year fixed-rate mortgage to trend up and average 5.5 percent next year. “The extent to which higher mortgage interest rates will impact housing affordability and sales depends on income growth, ongoing improvement in the labor market and any change to mortgage underwriting conditions.”

The PHSI in the Northeast increased 0.6 percent to 79.3 in April, but is 12.0 percent below a year ago. In the Midwest the index rose 5.0 percent to 99.2 in April, but is 6.9 percent below April 2013. Pending home sales in the South slipped 0.6 percent to an index of 111.9 in April, and are 6.4 percent below a year ago. The index in the West declined 2.9 percent in April to 88.4, and is 15.0 percent below April 2013.

With sub-par activity in the first quarter, annual existing-home sales are expected to be modestly below the nearly 5.1 million in 2013, but should be close to 5.3 million in 2015. The national median existing-home price is projected to grow between 5 and 6 percent this year, and in the range of 4 to 5 percent in 2015. – See more at: http://www.worldpropertychannel.com/north-america-residential-news/pending-home-sales-april-2014-pending-home-sales-index-phsi-lawrence-yun-median-home-sales-price-real-estate-news

By WPC Staff | January 24, 2014
Home sales in Pinellas County, Florida, home to St. Petersburg, increased in December,  according to the Pinellas Realtor Organization.

In December, 1,398 homes were sold in the county — single-family and townhouse/condo — 191 more sales than the previous month.

The median sales price for single-family homes increased 15.7 percent in December, compared to a year ago. The median price for townhouse/condos also increased, going up 10 percent in December.

A report from the Florida Realtors showed home prices have gained in the state for 25 consecutive months.

Similar to state figures, cash sales decreased in Pinellas County in December by 15.8 percent and 7.7 percent for single-family and townhouse/condos, respectively.

Sales should increase next month for single-family homes as the report shows new pending sales are up 6.4 percent. For the townhouse/condo market, they are down slightly by 1.3 percent.

WPC News | Pinellas County Monthly Real Estate Detail December 2013 - Single Family Homes

WPC News | Pinellas County Monthly Market Detail December 2013 - Townhouses and Condos
– See more at: http://www.worldpropertychannel.com

Annalisa Weller, Realtor®, Certified International Property Specialist

(727) 804-6566
AnnalisaWeller1@gmail.com

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 288 other followers

List of Categories

Monthly archive of my posts

RSS PROView-Pinellas Realtor Organization

  • Affiliate member donates portion of sales to USO May 23, 2017
    In honor of National Military Appreciation Month and National Moving Month, northAmerican Van Lines, which Affiliate Member First Class Moving Systems is a part of, is supporting America’s military by donating $100 to the USO for each move booked through northAmerican.com/uso until Dec. 31, 2017, up to $100,000. “northAmerican Van Lines and its agent family […]
    PROView
  • Katie Shotts promoted to Chief Operating Officer May 15, 2017
    Katie Shotts, QAS, e-PRO, joined the staff of the Pinellas REALTOR® Organization in April of 2015 as the Director of Broker Relations. In that role she was the liaison between the association and the Broker members. She also trained members on REALTORS® Property Resource, pioneered many groundbreaking projects such as the PROFarm marketing program and PROCoa […]
    PROView
  • REALTOR Brand is Big Winner at St. Anthony’s Tri May 13, 2017
    May 15, 2017- The REALTOR “R” could be seen all over Straub and Vinoy Parks April 28 – 30 as PRO’s Gold Sponsorship of St. Anthony’s Triathlon came to life. Light poles in Downtown St. Petersburg sported banners with the REALTOR logo, and fencing up around Straub Park along Beach Drive repeated the “R” every […]
    PROView
  • ‘Welcome’ to all our new members who joined us in April May 2, 2017
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® that joined us in April! We are happy to have you as a part of our organization and wish you much success in your careers. Joel Bridges Barkett Realty Jacob C. Unger Barkett Realty Nancy  Fessler Beach Place One Real Estate Christye […]
    PROView
  • ActiveKEY Discontinuation April 19, 2017
    ActiveKEYs work on a cellular network that is currently being phased out – they simply won’t function after it has been completely diminished.  In order to keep pace with the current technology, PRO will discontinue the support of ActiveKEYs. Members who currently have an ActiveKEY will need to turn it in to PRO and switch […]
    PROView

Visit Me at Active Rain