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January 10th, 2008 4:55 PM

 

Lets breakdown the following November sales data!

Sales Statistics
for PINELLAS County FL
Realist's most recent recording date for this county is 12/19/2007
 Single Family Residence
 Time Period Number of Sales Median Sale Price 
 Nov 2007 540 $190,000 
 Nov 2006 922 $203,100 
 Oct 2007 700 $195,700 
 Oct 2006 1,084 $200,000 
 2007 YTD 9,428 $197,150 
 2006 15,383 $200,000 
 Condominium
 Time Period Number of Sales Median Sale Price 
 Nov 2007 246 $147,850 
 Nov 2006 446 $154,900 
 Oct 2007 331 $159,900 
 Oct 2006 647 $160,000 
 2007 YTD 5,148 $163,250 
 2006 8,260 $166,300 

If I search single family home sales in MLS for November, selling under $190,000, I come up with the following totals:

Sold - 199 Properties Found

 Bedrooms Full Baths Half Baths List Price Sale Price Days on Market
Min 1
 1
 0
 $ 34,900
 $ 10,000
 0
Avg 3
 2
 0
 $ 145,785
 $ 135,032
 81
Max 5
 3
 1
 $ 234,900
 $ 189,900
 416

 

For sales over the Median of $190,000, MLS reflects:

Sold - 204 Properties Found

 Bedrooms Full Baths Half Baths List Price Sale Price Days on Market
Min 2
 1
 0
 $ 195,000
 $ 190,000
 0
Avg 3
 2
 0
 $ 478,632
 $ 437,761
 114
Max 7
 7
 2
 $ 6,500,000
 $ 5,400,000
 521

 

If we search all sales from MLS for November we come up with an average sales price of $288,274.

This is quite a different picture from the median. Seeing who is buying and who is holding gives us a better idea of the market. If we see mid to upper range homes selling, that means someone is willing to step up to the plate and take a risk.

Sold - 403 Properties Found

 Bedrooms Full Baths Half Baths List Price Sale Price Days on Market
Min 1
 1
 0
 $ 34,900
 $ 10,000
 0
Avg 3
 2
 0
 $ 314,273
 $ 288,274
 97
Max 7
 7
 2
 $ 6,500,000
 $ 5,400,000
 521
Your Search Criteria Returned 403 Properties

 

Posted by Paul Amirto, RAA on January 10th, 2008 4:55 PMPost a Comment (0)

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