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Home Tours in St Petersburg

We’re starting to get phone calls asking about the holiday homes tours here in St Petersburg, so here’s the information for your calendar.

OLD NORTHEAST Candlelight Tour of Homes

Sunday, December 8 from 3 pm to 8 pm.  Tickets are $20 when purchased in advance and the proceeds are donated to charity. This will include a self-guided tour of 8 homes. A tour brochure will have a map and a detailed description of each home. There will be free shuttles throughout the tour time. Hospitality houses offer complimentary refreshments and the use of their restroom facilities. Watch a video of the Candlelight Tour of Homes and get more information on the Historic Old Northeast Neighborhood Association (HONNA) website.

SNELL ISLE Holiday Homes Tour

Saturday, December 7 from 10 am to 4 pm.  Advance tickets are $20 and will benefit The Florida Orchestra.    The tour will include 5 homes on Snell Isle, along Brightwaters Boulevard, Coffee Pot Riviera and Monterey Boulevard. A limited number of reservations are available for a wine tasting reception with hors d’oeuvres on December 6th. Get more information on the Snell Isle Holiday Homes Tour on the Florida Orchestra website.

If you like what you see and want to buy a home in the Old Northeast or Snell Isle, please contact Sharon, Tami or Rob with The Simms Team at ALVA International, Inc.  We’re at 238 Beach Drive NE, next to Tryst and across from the Museum of Fine Arts in downtown St Petersburg.

 

Spoken by Sharon Simms | Discussion: No Comments »

Old Northeast Market Update – Conclusion

Northeast Quadrant of Old Northeast

Old Northeast Quadrant 4

For today’s final installment in the Old Northeast Market Analysis series, we’re looking at the quadrant that contains Historic Granada Terrace, from 22nd Avenue N north to 30th Avenue N and from 1st Street east to Coffee Pot Bayou. It’s a very small sample, to be sure, and very distinctive in style. Many of the homes are of the Mediterranean style, and historic guidelines ensure that new homes and additions/remodels stay true to the character of the neighborhood. The eastern border of the quadrant has sidewalks running alongside the water, ideal for jogging, walking and just enjoying the views, including lots of birds and sometimes a manatee.Old Northeast Quadrant 4 Chart 1

In addition to being a very small data sample, there’s also a big disparity in the homes – you’ll find some blocks with the large, distinctive Spanish homes we referenced above, and some blocks with small 1950’s block homes. This makes the data very hard to interpret, especially averages. For example, in 2008, the average price of 4 closed sales was $701,250, compared with the average price of 2 closed sales in 2009 at $192,500. There are only a few clear pictures we can glean. Read the rest of this entry »

Spoken by Tami Simms | Discussion: No Comments »

Old Northeast Market Update – Part 4

Northwest Quadrant of Old Northeast Neighborhood

Old Northeast Quadrant 3

Continuing with our week-long series of analyzing the last five and a half years of housing data for the Old Northeast neighborhood, today we’re focusing on the section that is often overlooked, from 22nd Avenue N north to 30th Avenue N, and from 4th Street N east to 1st Street N. Despite that fact that many don’t consider it to be part of the Old Northeast, it has many of the same characteristics, including brick streets lined by shady trees, charming architecture and a very walkable feel. Although it’s not as close to the parks along North Shore Drive, it is extremely close to Coffee Pot Bayou, with sidewalks along the water, a lovely park and playground, and a public boat launch. And although it’s a little further from downtown St. Petersburg, it’s very close to grocery and shopping centers.

This segment is smaller and has far fewer homes than the neighborhood south of 22nd Avenue N, so it’s important to remember that as we look at the data. Many of the lots here are larger than those in the southwestern quadrant, so the additional land value impacts price per square foot ($/sq ft). As in the other parts of the neighborhood, 2011 seems to have been the turning point in the market, with a marked increase in total number of sales. The most significant difference between this and the other quadrants isOld Northeast Northwest Quadrant that average sale price is still nearly $100,000 lower than in 2008 (currently $287,929 versus $383,500 in 2008). Oddly though, the average number of sales and $/sq ft is nearly identical to 2008 which would indicate that fewer of the larger homes in this quadrant have sold recently.

Read the rest of this entry »

Spoken by Tami Simms | Discussion: No Comments »

Old Northeast Market Update – Part 3

Southeast Quadrant of Old Northeast Neighborhood

Old Northeast Quadrant 2

For today’s look at the Old Northeast market activity over the last five years plus 2013 year-to-date, we’re focusing on the quadrant that most people consider the “true” Old Northeast – from 1st Street east to Beach Drive NE, and from 5th Avenue N north to 22nd Avenue N.  It has the largest number of homes in our analysis. We’ve purposely left out the North Shore area east of Beach Drive because it has a completely different dynamic. Now, to be sure, some folks will say that the character of the neighborhood changes south of 12th or 13th Avenue, but there has to be a limit to how much we slice and dice the data!

Just like the rest of the neighborhood, it’s clear that 2011 was the turning point for recovery. Average sale price hit bottom at $365,148, average price per square foot ($/sq ft) hit a low of $165, and from then on, both of those figures have increased continually. For the current year-to-date, average sale price is up to $531,437, and $/sq ft is at $230, both figures being higher than 2008.Southeast Quadrant of Old Northeast Neighborhood

Total number of sales spiked in 2012, an indication of the recovery as buyers burned through the inventory. Sales for 2013 are on a healthy pace, already 84% of last year’s total and only 7 full months into the year. Read the rest of this entry »

Spoken by Tami Simms | Discussion: No Comments »

Old Northeast Market Update – Part 2

Southwest Quadrant of Old Northeast

Old Northeast Quadrant 1

As we said in yesterday’s introductory post, the Old Northeast neighborhood has very distinct sections. To start with our individual analyses, we’re looking at the area from 4th Street N east to 1st Street N, and from 5th Avenue N north to 22nd Avenue N. It’s not the “sexiest” part of the neighborhood, but it’s often where you can get “more bang for your buck.”

The homes in this area tend to be a bit smaller, with a vast majority being the cute bungalow style. Particularly as you get closer to busy 4th Street, there are not as many homes that have been remodeled as in other parts of the neighborhood, which contributes to a lower average sale price (currently $327,359 for 2013 year-to-date, 29% lower than the Old Northeast as a whole, and 38% lower than the quadrant east of 1st Street).  Read the rest of this entry »

Spoken by Tami Simms | Discussion: No Comments »

Old Northeast Neighborhood Market Update

OldNortheastMap

Old Northeast Map

The Old Northeast remains one of the most popular neighborhoods in St. Petersburg. Its charming homes, from small bungalows to grand showplaces, appeal to many who don’t care for cookie-cutter environments. Most of the neighborhood enjoys shady tree-lined streets, many of them paved in old brick, hexagon sidewalks, lovely landscaping and creative architectural styles. With the downtown waterfront park system running adjacent, it’s a place that invites its residents to get out and enjoy outdoor activities. Its proximity to downtown, bustling with entertainment and cultural activities, and its easy access to the interstate system, make it even more attractive.

Officially, the Old Northeast runs from 5th Avenue N to 30th Avenue N and from 4th Street east to the water. There are “purists” who insist that it runs only from 1st Street to the water, and stops at 22nd Ave N, often referred to as “Historic Old Northeast.” The area from 1st Street east to Coffee Pot Bayou and from 22nd Avenue to 30th Avenue has its own designation as Historic Granada Terrace, and the grid from 22nd Avenue to 30th Avenue between 1st and 4th Streets is often completely disregarded in the conversation.

Home Sales in the Old Northeast

We took a look at the last five years’ historical data, as well as the current year to date, to satisfy our curiosity about market trends. For the exercise, we broke the whole neighborhood into four grids as described above, and confirmed that Read the rest of this entry »

Spoken by Tami Simms | Discussion: No Comments »

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