Pinellas County Real Estate Statistics for July 2017
No surprise here. The real estate market remains strong. Pinellas Realtor Organization President & CEO David Bennett writes:
The latest market statistics from Florida Realtors show that July has kicked of the third quarter with some
strong figures. Dollar Volume for Townhomes/Condos saw a 25.4% increase year-over-year, with $170.2
million in July 2017 compared to $135.7 million in July 2016. Median Sale Price for Single Family Homes was
up 11.6% from last year, at $240,000 for July 2017 versus $215,000 for July 2016. Median Time to Contract for
Townhomes and Condos was down 20.0% year-over-year, going from 40 days in July 2016 to 32 days in
July 2017. Median Time to Contract for Single Family Homes was 19 days in July 2017, down 32.1% from last
Dollar Volume for Single Family Homes also had an increase of 6.7% year-over-year, with $377.1 million in
2017 versus $353.4 million in July 2016. Median Time to Sale for Single Family Homes was 66 days this July,
down 12.0% from 75 days last July. Average Sale Price for Single Family Homes grew 8.5%, at $312,210 in
July 2017 versus $287,816 in July 2016.
The Townhomes/Condo market segment’s sales prices are still holding strong. Median Time to Sale for
Townhomes and Condos decreased 6.3% year-over-year at 74 days in July 2017 and 79 days in 2016.
Average Sale Price saw a 13.9% increase with $226,638 in July 2017 and $198,965 in July 2016. Median Sale
Price for Townhomes/Condos was $160,000 for July 2017, up 14.6% from $139,635 in July 2016.
Year-over-year, Closed Sales for the Single Family segment were down slightly by 1.6%, and Closed Sales
for the Townhomes/Condo segment were up 10.1%. New Listings for Single Family for July were 1,448, up
7.7% from last July, at 1,344. New Listings for Townhomes/Condo for July 2017 were at 757, down 6.8% from
812 in July 2016.
The strong seller’s market continues in June, with Months Supply of Inventory down 10.7% year-over-year
for Single Family Homes, with a 2.5 Month Supply this July, as compared to a 2.8 Month Supply in July 2016.
Months Supply of Inventory for Townhomes/Condo fell 17.1%, with 2.9 months in July 2017 and 3.5 months
in June 2016.
See all listings of homes and condos in the beach communities and cities near the beach at www.floridagulfbeachrealty.com. Property listings are conveniently grouped to make it easy to find what you’re looking for. Any feedback on your experience is welcome.
Tom Slaughter, Realtor
Century 21 Coast to Coast, Clearwater Beach, FL 33767