Pinellas County Real Estate Statistics for December 2016
The Pinellas County residential real estate market holds strong at the close of 2016. Dollar Volume for Single Family Homes increased 8.1% year-over-year, with $329.0 million in 2016 versus $304.3 million in December 2015. Dollar Volume for Townhome/Condo was $147.9 million in December 2016, up 6.6% from $138.7 million in December 2015. The number of Closed Sales for Single Family and Townhome/Condo combined for December 2016 was 1,875, down 3.5% from 1,944 in December 2015.
Median Sale Price for Single Family Homes was up in a big way again, at 17.6% from last year, at $222,250 for December 2016 versus $189,000 for December 2015. Median Time to Contract for Single Family Homes was 31 days in December 2016, up 3.3% from 30 days last December. Median Time to Sale for Single Family Homes was 73 days this December, the same number of days as last December.
The Condo/Townhome market segment’s sales prices are still holding strong.
- Median Sale Price was $142,000 for December 2016, up 7.6% over $132,000 in December 2015.
- Average Sale Price was up 11.9%, with $215,214 in December 2016 and $192,400 in December 2015.
Median Time to Contract for Townhomes and Condos was up 22.2% year-over-year, going from 36 days in December 2015 to 44 days in December 2016. Median Time to Sale for Townhomes and Condos was up 12.0%, at 84 days in December 2016 and 75 days in December 2015.
Year-over-year, closed sales for the Single Family segment were slightly down at 2.9%, and Closed Sales for the Townhome/Condo segment were down 4.7%. New Listings for Single Family for December were 995, down by 5.3% from last December, at 1,051. New Listings for Townhome/Condo for December 2016 were at 680, down 4.0% from 708 in December 2015.
The strong seller’s market continues, with months supply of inventory down 3.4% year-over-year, with a 2.8 month supply this December, as compared to a 2.9 month supply in December 2015. Months Supply of Inventory for Townhome/Condo fell 5.6%, with 3.4 months in December 2016 and 3.6 months in December 2015.

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

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.
Be a part of the limited few… Those that say “yes” to magic… Those that recognize and say “yes” to excellence and quality. Enrich your lifestyle with the Sunset Lounge Experience. Our first edition comes to the Tradewinds Island Resorts on St. Pete Beach, Saturday May 21st, 2016
The boom days never seem to end in Clearwater Beach. Even as a new resort, the Opal Sands, has just opened, several other hotels are under construction and are due to open in the year ahead. They will bring even more people to the already crowded beach.
WASHINGTON – March 17, 2016 – Home prices are rising three to four times faster than wages, and credit conditions are loosening, say Lawrence Yun, chief economist for the National Association of Realtors®. Those conditions usually prompt housing analysts to start uttering the words “housing bubble,” but Yun discounts those warnings.
