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Buying signs in St Petersburg

Downtown St Petersburg from the airport

View of downtown St Pete from the airport

 

 

 

 

 

 

 

We’re seeing buying signs in St Petersburg, especially in downtown St. Pete.  Yes, there are still people from other parts of the US and international buyers that are looking for the right property in  St Pete – but the real buying sign is that people here, who know the market from living it every day, are wanting to buy more. They already have a home, and are asking us to look out for another condo they can buy in their building, another home in their neighborhood, an investment property they can rent out. They see prices rising, feel the bottom has passed, and want to take advantage of low prices and  low interest. They’re tired of the stock market and low interest on their bank accounts and CDs and want to invest in real estate. There isn’t much inventory of well priced properties and we’ve been seeing multiple offers when a good property comes on the market – often multiple offers at or above the list price. Buyers are ready, but astute. They don’t want to overpay but are certainly ready for the right property.

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