FINALLY, SOME GOOD REAL ESTATE NEWS!
From my personal experience, I’ve been noticing that my listings are being shown more, and that prices seem to be stabilizing. Buyers are poking
out their heads again, that they are finding that the water is fine!
Even the National Association of Realtors is reporting that existing home sales in Florida increased in October, actually by 15% over last September. Condo sales are also up, but not so drastic, with a 5% increase over last year.
Last October’s median home price was $222,200 and this October’s median home price was $169,700. That is a 24 percent decrease in one year.
Prices had flown out of reach very quickly, and this adjustment, although painful to homeowners that now owe more on their home that it is worth, is really good news to people looking to buy.
Now is an awesome time to buy a home. The selection of homes to choose from is amazing. I spoke to someone who had bought their home in 2005, at the peak of the market. She literally had two – only TWO – homes to choose from at that point. Now, literally, she’d be able to look at 100 or more homes that suited her needs. The market is that ripe with homes for sale.
If you are trying to sell, you need to be realistic in price, and have your home be as spiffy as possible to outshine the other homes on the market! For more information, feel free to contact me at: Pam Ryan Anderson, Ryan Realty (727) 442-2822 • This email address is being protected from spambots. You need JavaScript enabled to view it.
- Tampa Bay Informer
The Good News Newspaper
Supporting Good News... The Tampa Bay Informer - The Good News Newspaper serving Pinellas, Hillsborough and Pasco Florida cities: Clearwater, Dunedin, Largo, Safety Harbor, St. Petersburg, Clearwater Beach, Indian Rocks Beach, Sand Key, Pinellas Park, Palm Harbor, Tampa, Port Richey, New Port Richey, Oldsmar and other Tampa Bay area cities, This email address is being protected from spambots. You need JavaScript enabled to view it.