Sales stats for January – Current prices of beach real estate

This just in:

Residential real estate sales for the month of January in the following beach areas:

Indian Rocks Beach, Indian Shores, Belleair Beach/Sand Key

There were 19 sales, consisting of:

Condominiums- 14 sales

Single Family Homes - 4 sales

Townhomes- 1 sale

Average square footage = 1925

Average Beds/Baths = 3/2.5

Average list price = $598,578

Average sales price = $525,579

Sales price to List price ratio = 90%

Average Days on Market = 244 (There were 4 listings that were on the market over 365 days)

Number of properties that are on the beach side of Gulf Boulevard (NOT necessarily Gulf front views) = 10

High sale: $2,100,000 - Belleair Beach house (non Gulf front)

Low sale: $110,500 – Condo, Indian Rocks Beach

NEW DATA THIS MONTH:

There were 7 distressed sales, consisting of 6 short sales and 1 foreclosure (REO, Bank-owned)

If you'd like to live here, full time or part-time, NOW is the time to buy!

www.MyPinellasParadise.com

Homeownership rate declines

Investors – are you listening? As homeownership rates decline, this signals an upcoming abundance of renters needing a home.

Homeownership rate declines – Commerce Dept says homeownership rates lowest in 10 years.

Another report by the Urban Land Institute suggests that, while homeownership is still much desired in the U.S., there will be a decline over the next few years.

This creates opportunity for the seasoned real estate investor! NOW is the time to pick up distressed Real Estate bargains.

For current bank-owned real estate on and near the beautiful beaches of Pinellas County, just west of Tampa, just visit my website!

Have a great week!

www.MyPinellasParadise.com