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Market Conditions for Clearwater, Florida
Reported by Patti Bridges, REALTOR
Updated November 25, 2009.
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Current Market Rating: 2
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Buyer's
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Seller's
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Current Price Trend: 3
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Falling
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Rising
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The latest report from the Pinellas Realtor Organization shows signs of improvement for the first time in a while. Although it is still a buyer's market, the percentage of homes for sale that are attracting offers is the highest we have seen for several years.
The inventory of properties for sale is still high. However prices seem to be stabilizing and in some areas even making small gains. And the number of properties offered for sale is inching downward.
Foreclosures and short sales are having a negative effect on values. But, as the banking and real estate communities become more accustomed to handling this type of property sale, buyers are coming to see there are issues in trying to purchase that kind of property that may not be worth the hassel.
Short sales, sales in which the seller is trying to be relieved of some or all of the debt on the house, are not for everyone. Banks may take months to answer offers and they tend to favor cash buyers. Folks who can't pay cash and need financing aren't as welcome as investors who can just write a check even when the investor offers a lower price.
For buyers who have been waiting for the market bottom - it may be NOW. Once the market turns the advantages they have had over sellers will begin to fade. We are seeing signs of that already.
If you have selling in mind, it is still not a good time to aim for a price above your competition. You must be realistic and not price above nearby recent sales.
I can email listings of homes for sale now and sales in your area that will include the street address and multiple interior and exterior photographs. Send me a note at:
RLTRPAT@TampaBay.rr.com
ZIP Codes: 33763, 55760, 33764, 33758, 33755, 33765, 33759, 33767, 33763, 33759, 33785, 33786, 33767, 34698
Approximate Location Boundaries: Including Palm Harbor, Belleair, East Lake, Dunedin, Safety Harbor, the north county beaches.
Location Characteristics: A Thriving sururban area that is near the Gulf of Mexico but an easy drive to Tampa or St. Petersburg.
For More Information:
View Market Conditions of other areas served by Patti Bridges
Navigate: Top > Florida > Clearwater
About Patti Bridges:
Patti Bridges has been in the Tampa Bay area since 1970 and specializes in single family homes. As an avid boater, she knows the waterfront especially well. She is a consistent mega-million dollar sales producer and a member of RE/MAX's prestigious 100 Percent Club, Executive Club and President's Club. Ask Patti about her role as an exclusive Buyer's Agent when she works with persons who are looking for a home. Patti also offers an aggressive marketing plan for persons selling their home. In addition to home staging, she features her listings on more than 15 top Internet websites. She would be glad to supply details. Tip for finding an good agent: Don't be afraid to ask how long the person has been licensed. If you don't get a straight answer, check out the Florida Secretary of State's license verification site. You can see how long the agent has been licensed and check for complaints filed against them.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
