The real estate market in west central Florida remains strong. View the market statistics report
Quote from David Benett, President & CEO of PRO, Pinellas Realtors Organization:
The latest numbers are in for June and they show that the market continues to hold strong, including the highest Closed Sales figure for the Single Family Homes segment since at least 2009.
Dollar Volume for Townhomes/Condos saw a 33.0% increase year-over-year, with $219.4 million in June 2017 compared to $165.0 million in June 2016. Dollar Volume for Single Family Homes also had an increase of 13.0% year-over-year, with $474.2 million in 2017 versus $419.8 million in June 2016. Median Sale Price for Single Family Homes was up 12.9% from last year, at $248,450 for June 2017 versus $220,000 for June 2016. Median Sale Price for Townhomes/Condos was $160,000 for June 2017, up 13.8% from $140,551 in June 2016.
Median Time to Contract for Single Family Homes was 23 days in June 2017, down 17.9% from last June. Median Time to Sale for Single Family Homes was 69 days this June, down 4.2% from 72 days last June. Average Sale Price for Single Family Homes grew 10.0%, at $327,052 in June 2017 versus $297,304 in June 2016.
The Townhomes/Condo market segment’s sales prices are still holding strong. Median Time to Sale for Townhomes and Condos decreased 10.5% year-over-year at 77 days in June 2017 and 86 days in 2016. Average Sale Price saw an 18.2% increase with $243,746 in June 2017 and $206,242 in June 2016. Median Time to Contract for Townhomes and Condos was down 22.7% year-over-year, going from 44 days in June 2016 to 34 days in June 2017.
Year-over-year, Closed Sales for the Single Family segment were up 2.7%, and Closed Sales for the Townhomes/Condo segment were up 12.5%. New Listings for Single Family for June were 1,487, down 0.4% from last June, at 1,493. New Listings for Townhomes/Condo for June 2017 were at 888, up 16.7 from 761 in June 2016.
The strong seller’s market continues in June, with Months Supply of Inventory down 7.4% year-over-year for Single Family Homes, with a 2.5 Month Supply this June, as compared to a 2.7 Month Supply in June 2016. Months Supply of Inventory for Townhomes/Condo fell 13.9%, with 3.1 months in June 2017 and 3.6 months in June 2016.
Visit my website, www.floridagulfbeachrealty.com, to see all listings of homes and condos in the beach communities and cities near the beach. 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