This February has boasted some impressive sales figures for both the Single Family Home and the Townhouse and Condo sectors.
Dollar Volume for Townhome/Condo was $153.0 million in February 2017, an incredible increase of 30.0% from $117.7 million in February 2016.
- Median Sale Price for Single Family Homes was up 16.8% from last year, at $222,000 for February 2017 versus $190,000 for February 2016.
- Median Sale Price was $149,500 for February 2017, up 20.6% from $124,000 in February 2016. Average Sale Price grew an astounding 25.0%, with $236,827 in February 2017 and $189,521 in February 2016.
Median Time to Contract for Single Family Homes was 38 days in February 2017, the same as last February. Median Time to Sale for Single Family Homes was 81 days this February, down just 1.2% from 82 days last February. Dollar Volume for Single Family Homes increased 4.8% year-over-year, with $271.8 million in 2017 versus $259.3 million in February 2016. The Condo/Townhome market segment’s sales prices are still holding strong.
Median Time to Contract for Townhomes and Condos was down 4.1% year-over-year, going from 49 days in February 2016 to 47 days in February 2017. Median Time to Sale for Townhomes and Condos was down 3.4%, at 91 days in February 2017 and 88 days in February 2016.
Year-over-year, Closed Sales for the Single Family segment were down 6.2%, and Closed Sales for the Townhome/Condo segment grew 4.0%. New Listings for Single Family for February were 1,370, down 9.8% from last February, at 1,519. New Listings for Townhome/Condo for February 2017 were at 974, down 6.1% from 1,037 in February 2016.
The strong seller’s market continues, with Months Supply of Inventory down 3.4 year-over-year for Single Family Homes, with a 2.8 Month Supply this February, as compared to a 2.9 Month Supply in February 2016. Months Supply of Inventory for Townhome/Condo fell an astounding 14.6%, with 3.5 months in February 2017 and 4.1 months in February 2016.

Pinellas Realtor Org., March 27, 2017
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This month’s statistics could beat out that sweet red bike in the running for best present Santa has ever brought you.


Open House – The City of St. Petersburg is holding a series of events over the coming weeks in order to loop the public in on their plans for the highly anticipated Pier District Project.
Perhaps granite’s top competitor, engineered quartz offers the beauty of stone without the maintenance. It’s tougher than granite, and it’s highly resistant to scratching, cracking, staining and heat. Unlike granite, which offers the unique qualities of natural stone, engineered quartz is largely uniform; because it’s engineered, there’s no choice of one-of-a-kind slab. There are, however, a number of colors and designs available — from stark modern whites to options closely resembling marble. And, because engineered quartz is non-porous, it never has to be sealed like natural stone.
Soapstone is an attractive, natural quarried stone that ranges from light gray to green-black in color. While the material is soft and pliable, it’s also nonporous. Soapstone is also resistant to stains and acidic materials. The downside to soapstone is that it is susceptible to scratches and deep indentations. Light gray soapstone will also weather and darken over time, occasionally developing a patina finish. The material comes in smaller slabs, so seams will be visible in soapstone countertops longer than seven feet.
There’s a reason restaurants use stainless steel countertops in their kitchens. It’s heat-, rust- and stain-resistant; it’s easy to clean; and it won’t absorb or harbor even the toughest bacteria. The downside to stainless steel countertops is that they scratch easily — and they show it too. For this reason, it’s best to use a cutting board any time you’re prepping food on a stainless steel countertop. Also, it’s a good idea to choose a brushed stainless finish that will help conceal any marks. At first blush, you may think that stainless feels ultramodern or cold, but a balance of stainless steel and wood can create a warm, timeless and uber-functional kitchen.
