Tampa Bay Real Estate Pricing

Who can predict the future of real estate pricing, especially in Florida? One billionaire real estate investor was very optimistic even with the shadow inventory coming in 2011. While others were doom and gloom. Looks like he was right. Here it is 2013 and activity is strong. The bank properties are out, people are buying, inventory is low, AND WE ARE HAVING MULTIPLE OFFERS. Something we haven’t seen since 2005.

Pinellas County Paradise

Today I am feeling pretty optimistic. We live in paradise. How can real estate pricing decline for 5 years? As I said years ago, we are just reflecting the bell curve of the boom of 2003-2006. Like the stock market, it is pretty predictable in long swells. What goes up must come down.

In the past 100 years, real estate pricing has increased 3.25%-4% per year on an average depending on where you live. Here in Tampa Bay Florida you feel the swings higher & lower, and faster to respond.

Prices in Pinellas county have increased 10% in 2012 from 2011 sales. Hillsborough & Pasco are experiencing the same. The Tampa Bay area is feeling a recovery. So have we reached the bottom? I think so, most agents I speak to have the same response. So if you are on the fence, you may want to get off it and take advantage of today’s low prices, low rates. The pickings are already slim, the good ones are gone in days. So hire a real estate professional, and pull the trigger. Or you might be left behind.

Today is a good day!

Jeanine and Howard Metts
Metts Group at Future Home Realty
2653 McCormick Drive, Clearwater, FL 33759
Phone: 727-418-5224 or 727-631-4191