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Florida Luxury Collection Blog

Pinellas County Real Estate Trends Thru July 2015

Saturday, September 19, 2015

Pinellas County Realtor Organization statistical analysis of countywide home and condo sales through July of 2015 shows a surge in sales and a severe decrease in inventory of available properties.

 Key indicators:

* Home and villa sales by number of properties sold has increased by 19.52% from the beginning of the year thru July as compared to the same period last year.

* Condo and townhome sales by number of properties sold has increased by 16.44% from the beginning of the year thru July as compared to the same period last year.

* Properties with a sales price over $500,000 are selling for an average of 95% of the list price and are on the market for an average of 105 days (156 days for properties over $1,000,000).

* The number of properties on the market is down 22% since the beginning of the year