Living in a downtown St. Pete condo can offer an exciting maintenance-free lifestyle, including luxury amenities that may not be available with single-family home living. Many seek condo living for the magnificent views and metropolitan lifestyle. Is condo living for you? Here are a few things to consider:
Storage: Many forget about this aspect of condo living. Are you a packrat? Condo living may not be for you. Many buildings offer owners private storage for bikes, boxes, Christmas trees etc. It it something to think about if you are considering a downtown condo.
Noise: Just remember...
Have you ever driven by that huge mansion and wonder what it's like inside? Take a walk through the the most expensive home for sale in St. Petersburg.
Follow this link to see more information. If this home sells or is taken off the market then this link may not work.
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Below is a chart showing inventory level, pended and sold properties in downtown St. Pete. Actually, it is for zip code 33701. Which includes homes and condos in nearby neighborhoods.
The data above shows that there were 38.9% more downtown properties sold in August of 2018 versus July of 2018. There are about 25% fewer downtown homes and condos for sale when comparing August 2018 to August 2017. For the same time period there were 28.2% more sold properties. When comparing the current quarter versus the same quarter in 2017 there is about 25% fewer properties for sale and 23% fewer sold properties.
August 2018 is a Seller's Market in Downtown St. Pete
The number of for sale listings was down 24.7%...
The chart below shows home and condo market statistics for all of Pinellas county.
August 2018 is a Seller's market! The number of for sale listings was up 2.5% from one year earlier and up 1.2% from the previous month. The number of sold listings increased 4.5% year over year and increased 5.6% month over month. The number of under contract listings was up 5.6% compared to previous month and up 4.3% compared to previous year. The Months of Inventory based on Closed Sales is 2.4, the same as the previous year.
The Average Sold Price per Square Footage was up 0.5% compared to previous month and up 5.6% compared to last year. The Median Sold Price increased by 3.6% from last month. The Average Sold Price also increased by 2.9% from last month. Based on the 6 month trend, the Average...