Local realtor boards post a monthly report about the Pinellas and Hillsborough County market. These reports are over 20 pages long and they include complex terms and data that can be challenging to
Pinellas County Florida Real Estate Market Breakdown - April 2022
Dated: May 2 2022
Local realtor boards post a monthly report about the Pinellas and Hillsborough County market. These reports are over 20 pages long and they include complex terms and data that can be challenging to interpret for the average home buyer, seller, or investor.
Each month I will be creating this report to give a simple breakdown of the market by price range similar to the ones you can see on Zillow, Realtor.com or Redfin but it will be more detailed. Below is a quick guide on how to interpret the data as well as links to the stats by city. Email firstname.lastname@example.org if you would like a specific zip code or market analysis on the value of your home.
Average Price Per Square Foot- Calculated by dividing the heated square footage by the sales price. This can be a good indicator if a home is priced right but it is important to compare by neighborhood.
Average List and Sales Price- This is a great start to look at for potential home buyers. A market with a similar list and sales price means you will often have to bid over full price to win the most desirable homes.
Active homes- How many homes are currently available to be purchased in a price range as of the last day of the month.
Look at the previous month's active home amount to see if the amount of homes is going up or down in a price range. More available homes favors buyers.
Please do not hesitate to reach out with questions, as we love talking real estate with everyone!
Troy Nowak, and his team at Mangrove Bay Realty, specialize in short-term and long-term investment properties, rental maximization, and management optimization. He and his team focus on ensuring ....
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