Some of the highlights from the full report you can read here are:
- The January 2021 month-end report in Pinellas County Florida shows Single Family Homes and Townhomes/Condos were selling at higher prices year-over-year. The Average Sale Price for Single Family Homes increased 20.9% from $340,103 in January 2020 to $411,267 in January 2021. The Average Sale Price for Townhome/Condo was up 17.2% from $262,850 in January 2020 to $308,040 in January 2021.
- Dollar Volume for Single Family Homes saw a 34.4% increase from $289.4 million in January 2020 to $389.1 million in 2021.
- Dollar Volume for Townhome/Condo increased 40.7% year-over-year from $143.0 million in January 2020 to $201.2 million in January 2021.
Where have all the houses gone?
Buyers continue to face fierce competition to purchase a home in Pinellas County. The inventory of homes for sale is just so low it cannot keep up with the demand. We are seeing multiple (some with 20-30!) offers on homes as they come on the market, and this is happening across all price ranges.
As an example, I ran a search in our MLS this morning of available homes with at least 3 bedrooms and 2 baths with a pool, up to $600,000 in Palm Harbor, Dunedin, Safety Harbor, and the resulting search was just 8 homes for sale! (note: nothing for sale in Safety Harbor).
That first column in the picture below, “ADOM”, means Active Days On Market. Three of the 8 homes were just listed today, and two more of the homes are only 2 days on the market, and those 5 homes could be under contract by the time you read this email….
So, homeowners — have you been on the fence about selling your home? Concerned about where you will go? Please call me at 727-410-0336, and we can work it out together. I will share my plan to get your house on the market and sold with multiple offers with showings at designated times that work for you!
As always, if you have any questions at all about real estate, I am here for you — 727-410-0336.
Make it a great day!
Serving all of Pinellas County, Florida —
From St Pete Beach to Tarpon Springs, and all cities in between!