Pinellas County Florida and the Clearwater Florida area is also seeing a decreasing condo inventory! When we compare the last three years month by month, this is what we find:
2009 2010 2011
| January | 6701 | 5503 | 5192 | |
| February | 6775 | 5505 | 5073 | |
| March | 6671 | 5526 | 4809 | |
| April | 6470 | 5351 | 4936 |
| May | 6234 | 5375 | 4720 | |
| June | 6059 | 5344 | 4584 | |
| July | 5954 | 5482 | 4389 | |
| August | 5796 | 5546 | 4222 |
| September | 5620 | 5511 | 0 | |
| October | 5619 | 5484 | 0 | |
| November | 5382 | 5422 | 0 | |
| December | 5180 | 5205 | 0 |
For those that are still sitting on the fence and contemplating whether or not to jump in and purchase my comment is that you have less to choose from with each passing month and as that inventory decreases, the prices should start to increase. So what are you waiting for?
The Clearwater Florida area and all of Pinellas County Florida is a favorite destination internationally. Not only our Canadian neighbors love our snow white beaches and the sparkling blue waters of the Gulf of Mexico.
Buying or Selling - - Call Barbara-Jo for all of your real estate needs! - - 727-512-0910
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Barbara-Jo Roberts Berberi, MA Charles Rutenberg Realty Serving the Greater Palm Harbor Florida Area, including Crystal Beach, Dunedin & Tarpon Springs Florida Waterfront condos & homes Your Real Estate Specialist 727-512-0910      |
If you are thinking of purchasing in the Palm Harbor, Crystal Beach, Safety Harbor, Dunedin, Tarpon Springs area or along our pristine Gulf Beaches, give me a call! With years of experience in the local real estate market, I am here to assist you in making one of the most important purchases of your life! Give me a call today! Find out for yourself why living along the Gulf Coast is indeed living in Paradise!
Barabara-Jo very interesting long term statistics. What do you attribute the decline of inventory to?
Endre- the large number of condos for sale was due to short sales and foreclosures, it was not a normal amount that was on the market and as the market stabilizes here in Florida, the number of condos available is declining.......eventually it will lead to a need for new construction, which is just what we need for the local economy.
Hi Barbara-Jo,
Interesting statistics - from what you say here it would appear that anybody who was waiting for it to hit bottom before they buy is out of luck!
Thanks for the information - we have a lot of interest in the Florida real estate market here in Ontario, Canada. These statistics will back up what we have been telling those clients that are waiting - they are going to be paying more if they wait much longer!
Thanks again.
Sue - indeed they will, I just got news about our recovering market that will be included in a new blog post this weekend!
Barbara-Jo, Clearwater has many beautiful beaches, now is the time to buy otherwise condo unit on the beach will sold out and the price will be high rocket.
Kwee - indeed, as the inventory shrinks you can be sure that prices are going to go up somewhat.