Friday, August 24, 2007

Statistically speaking.......

It's time for a few Tarpon Springs real estate market statistics. These numbers are actually encouraging as compared to Pinellas County and the State of Florida in general. They tell me that people still want to move to Florida and this is the area in which they'd like to live.

Currently on the market in Tarpon Springs, there are 314 single family homes, 73 condos, 93 Townhomes and 16 villas.

Properties listed as "Active With Contract" meaning there is an accepted offer in place, but the property is still available should another better offer come along are as follows: Single Family 6, Condo 3, Townhome 1 and Villas 6.

Properties listed as "Pending" which means an offer has been accepted and a closing date is scheduled: Single Family 9, Condo 3, Townhome 7 and villas 0.

The number of properties sold since July 1, 2007 meaning a closing has taken place: Single Family 19, Condo 8, Townhome 6 and villas 2.

For Single Family homes, the average of the number of days on the market is 80.78 of those properties that have sold.

The average sales price of Single Family homes is $281,284 with a high of $455,000 and a low of $150,000.

Compared to Pinellas County with 8,821 Single Family homes currently on the market and 100 average days on the market, our statistics don't look that bad for a city with a population of a little over 23,000. The home sales in Tarpon Springs since July 2007 represent 4% of the total homes sold in Pinellas County.

With many new and attractive mortgage programs for First Responders (Nurses, CNAs, EMTs, Police, Firemen) and those job types representing the largest percentage of Tarpon Springs residents, I am encouraged that this is a destination area for many buyers considering a purchase soon.

I remain positive and upbeat in the face of these statistics. A recent report from the Florida Association of Realtors comments that over 1/3 of all realtors have left the business in pursuit of other careers. Those of us still in the field have re-committed ourselves to working hard for our clients to produce results.

For those of you whom I represent, please know we haven't stopped working for you. In fact, we've doubled our efforts and we know you'll be happy and satisfied in the end. As difficult as it is for many sellers, remember we don't get a paycheck until we sell something so we feel your pain!

We're in it for the long-haul and you can count on us.

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