Reatlor Jim Dishman says, "Finding a neighborhood to call your own is a breeze in St. Petersburg, where your options abound. From single-family residences to urban condominiums to palatial waterfront estates, you are sure to find that one of the more than 100 neighborhoods fit your lifestyle. Design elements of homes in St. Petersburg include elegant Mediterranean revival homes, charming wooden bungalows and contemporary loft projects. Waterfront views, pink streets and tree-lined historic neighborhoods are some of the unique features of St. Petersburg."

He continues, "St. Petersburg has been experiencing a neighborhood renaissance with unprecedented involvement by neighborhood organizations and double-digit property value increases. The City is very proud to have one of the few fully accredited police and fire departments in the country to protect you and your business. In addition to the City's many positive neighborhood attributes, the City has been named Tree City USA several times and has one of the most extensive reclaimed water systems in the country."

"The weather is hot, and the real estate sales are even hotter! New build is all but gone but resales are booming. If a home is on the market for more than 30 days it is probably over-priced. If you are a seller, expect multiple offers and if you are a buyer, expect to hit hard and fast with even possibly an offer over asking price if you don't want to risk loosing the house you finally find."

Realtor Keyvan Kohan notes, "Florida Housing prices rose 18.79 percent last year. The market is hot. People from snow-cold wintery states still flock to Florida in thousands. Buyers and sellers of single family and multifamily residential homes remain fortunate with regard to an active market. Waterfront homes represent a large number of the homes sold in the second quarter of 2005. Home values continue to be on a rise which is underscored by the rise in price per square foot from $328 to $388 for waterfront and $186 to $241 for non-waterfront homes. Assuming Florida's continued population growth it is safe to say the housing market currently shows no sign of a bubble."

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Published: October 19, 2005

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