We often get asked the question from potential buyers, "What will my property taxes be if I buy this property?" Many Realtors will say that a good rule of thumb in estimating St. Petersburg, Florida property taxes is 1.0%-1.5% of the value of the property.
Is this true?
Fortunately, for those thinking of purchasing in Pinellas county the Property Appraisers office has a useful tool to help you estimate what the taxes will be on a property. Check out this tool. I wrote a similar article today about Sarasota county here and their property appraisers office does not provide an equivalent tool.
December 2018 Was a Neutral market!
December 2018 was a Neutral market for Pinellas County! The number of for sale listings was up 16.2% from one year earlier and up 1.1% from the previous month. The number of sold listings decreased 9.2% year over year and decreased 0.7% month over month. The number of under contract listings was down 9.5% compared to previous month and down 0.5% compared to previous year. The Months of Inventory based on Closed Sales is 3.3, up 27.3% from the previous year.
The Average Sold Price per Square Footage was up 1.5% compared to previous month and up 13.2% compared to last year. The Median Sold Price increased by 1.8% from last month. The Average Sold Price also increased by 1.9% from last month. Based on the 6 month trend, the Average Sold Price trend is "Appreciating" and the Median Sold Price trend is "Neutral".
The Average Days on Market showed a neutral trend, a decrease of 9.3% compared to previous year. The ratio of Sold Price...
Below are recently sold homes and condos in St. Petersburg, Florida that DWELL Real Estate was fortunate enough to be involved in this year. We were a little late in blogging this information so many of our sales are not here. We are only mentioning these sales to help educate you on the local real estate market (not to be braggadocious ;-)).
If you are thinking of buying or selling in St. Petersburg, Sarasota, Bradenton, Sarasota, Bradenton, Bellaire, Clearwater, Downtown St. Pete, Indian Rocks Beach, Largo, Madeira Beach, Old Northeast,...
Fodor's Travel recently chose 11 Under-the-Radar Florida beaches to visit this winter. On their list was the gorgeous Pass-a-Grille beach.
Here’s the thing about Florida: You visit time and again, and you’re quite sure you know the state and its glorious sandy stretches pretty well. But there’s always a surprise waiting for those who stray from the classic Panama City–Orlando–Miami–Key West stops. From Atlantic coast enclaves that locals try to keep to themselves to subtropical islands dotting the Gulf of Mexico, from the Tampa Gulf and the Florida Panhandle,...
Looking for a waterfront home in the St. Petersburg, FL area with magnificent water views? Does the canal view below not excite you very much?
Five Fabulous Water View Homes for Under $700,000
Click on the photos below to view more information.
November 2018 is a Neutral market!
The number of for sale listings was up 13.5% from one year earlier and up 6.6% from the previous month. The number of sold listings increased 1.2% year over year and decreased 6.1% month over month. The number of under contract listings was down 2.5% compared to previous month and up 1% compared to previous year. The Months of Inventory based on Closed Sales is 3.3, up 13.8% from the previous year.
The Average Sold Price per Square Footage was up 6.8% compared to previous month and up 18.7% compared to last year. The Median Sold Price increased by 0.4% from last month. The Average Sold Price also increased by 6.9% from last month. Based on the 6 month trend, the Average Sold Price trend is "Appreciating" and the Median Sold Price trend is "Neutral".
The Average Days on Market showed a neutral trend, a decrease of 7% compared to previous year. The ratio of Sold Price vs. Original List Price is 94%, was the same compared to previous year....
Tampa Bay Times Original Article
St.Petersburg Development Review Commission unanimously approved a 20-story tower that would replace several affordably priced apartment buildings.
Published December 7
ST. PETERSBURG — Unable to afford life in California any longer, Susan Olsen moved to St. Petersburg and found an apartment in a building downtown for $750 a month.
She might not be there much longer.
On Wednesday, the city's Development Review Commission unanimously approved a $69-million, 20-story tower that would replace several quaint old apartment buildings that are home...
Though ONE St. Petersburg is not yet finished, some buyers hope to flip their units for hefty profits as Tampa Bay's luxury condo boom continues unabated.
By Susan Taylor Martin
Published December 6
ST. PETERSBURG — Less than a month ago, an investor paid $511,200 for a unit in Tampa Bay's newest condo tower, ONE St. Petersburg.
This week, she sold it — for $702,000.
Though the 41-story tower in downtown St. Petersburg is not yet finished, several buyers already have moved in while others hope to quickly flip their units — at hefty profits — as the bay area's luxury condo boom continues...
A decade after the Great Recession of 2008, commercial real estate in St. Petersburg is booming.
Vacancy rates are at a 20-year low and lease rates are at a 20-year high for downtown office buildings. New economy companies, especially those in the life sciences and technology sectors, make up a growing percentage of the tenants downtown as their real estate needs match the available space. The city is poised to get its first new office building in the downtown core in nearly 30 years, and a pending project — the redevelopment of the 86-acre Tropicana Field site — is creating buzz nationwide.
“The type of people knocking on the door today has changed drastically,” said Alan DeLisle, a veteran economic developer who was named St. Petersburg’s city development administrator in 2014. “The quality and the types of developers...