March Real Estate Report
As we wrap up the first quarter of 2017, we are seeing some powerful numbers springing into the next season. Dollar Volume for Townhomes/Condos was $199.3 million in March 2017, an astonishing increase of 35.6% from $147.0 million in March 2016. Dollar Volume for Single Family Homes increased 21.5% year-over-year, with $408.9 million in 2017 versus $336.6 million in March 2016.
Median Time to Contract for Townhomes and Condos was down 30.0% year-over-year, going from 40 days in March 2016 to 28 days in March 2017. Median Time to Contract for Single Family Homes was 30 days in March 2017, down 3.2% from last March. Median Time to Sale for Single Family Homes was 71 days this March, down 4.1% from 74 days last March. Median Sale Price for Single Family Homes was up 15.0% from last year, at $230,000 for March 2017 versus $200,000 for March 2016. Average Sale Price for Single Family Homes grew an astounding 16.0%, at $299,356 in March 2017 versus $258,152 in March 2016.
The Townhome/Condo market segment’s sales prices are still holding strong. Median Time to Sale for Townhomes and Condos was down 9.1%, at 70 days in March 2017 and 77 days in March 2016. Median Sale Price for Townhomes/Condos was $139,000 for March 2017, up 4.5% from $133,000 in March 2016.
Year-over-year, Closed Sales for the Single Family segment were up 4.8%, and Closed Sales for the Townhome/Condo segment grew an impressive 26.3%. New Listings for Single Family for March were 1,607, up 4.8% from last March, at 1,533. New Listings for Townhome/Condo for March 2017 were at 1,063, up 5.6% from 1,007 in March 2016.
The strong seller’s market grew even stronger in March, with Months Supply of Inventory down 6.9% year-over-year for Single Family Homes, with a 2.7 Month Supply this March, as compared to a 2.9 Month Supply in March 2016. Months Supply of Inventory for Townhome/Condo fell an astounding 15.0%, with 3.4 months in March 2017 and 4.0 months in March 2016.

Pinellas Realtor Organization, April 21, 2017
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Coastal Living Magazine has featured St. Petersburg as one of the 20 “best places to live,” while touting it as an ideal vacation spot for those not looking to make Tampa Bay their home.
Marriott Luxury
This February has boasted some impressive sales figures for both the Single Family Home and the Townhouse and Condo sectors.
Thursday April 6th – 9th/ 12th – 15
Sunday April 16th
Friday April 21st – April 30
The Indian Shores Sunday Morning Market
Morning at the Museum
Area residents and visitors who love food, wine and music — make sure Busch Gardens is on your radar this spring. With a full line-up of year-round festivals, the 2017 Busch Gardens Food & Wine Festival is sure to be a don’t miss.
Safety Harbor Holiday Parade
A Christmas Carol at Ruth Eckerd Hall
Rudolph the Red-Nosed Reindeer: The Musical
Moscow Ballet’s Great Russian Nutcracker at the Mahaffey
“Toast by the Coast” New Year’s Eve Party
New Year’s Eve Party at Shephard’s