Florida.Simms.com

Choose Your Lifestyle

Categories

Translator

Archives

St Petersburg Real Estate Market Update for April 2010

Downtown St Petersburg Florida from The Vinoy

Downtown St Petersburg Florida from The Vinoy

The St Petersburg Real Estate Market Update for April 2010 shows that the number of single family home sales has increased 30%. Prices are down, though, with the median price dropping 7.5% over the last year and the average price down 2%. The average price had increased each of the last four months, however, for an average increase in price of 8%.

The St Petersburg Real Estate Market Update for April 2010 shows that the number of condo sales has increased by 67% over last year. For condos, the average prices have increased as well, with a 6% increase in the median price and a 17.7% increase in the average price.

2010 has been a good year so far for the real estate market in St Petersburg, Florida. We strongly believe that the recovery will be very localized – that is, building by building and neighborhood by neighborhood. Some have already turned around. We think that once the short sales and foreclosures drop from the market, that the building or neighborhood will start a gradual increase in price. Some neighborhoods have some comparable neighborhoods in the buyer’s mind, and will be affected by them. Others are so unique that they compare only within the neighborhood.

Contact Sharon, Tami or Rob at The Simms Team for information on your particular situation.  The Simms Team is at ALVA International, Inc., a  family real estate company in downtown St Petersburg at 238 Beach Drive NE.

Print Friendly, PDF & Email

Leave a Reply

Copyright © 2007 Florida Simms     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs