q2 2016 pinellas beaches + tierra verde waterfront home market report
TRANSCRIPT
Pinellas County Beaches & Tierra VerdeTerri Fritzel's Waterfront Home Market Report
Quarter 2 - YTD 2016
Prepared by Terri FritzelCell: (727) 460-6211
Work: (727) 367-3636
Email: [email protected]
www.BestStPeteHomes.com
RE/MAX Preferred5801 Gulf Blvd St. Pete Beach, FL 33706
This Waterfront Home report covers the specific zip codes of 33706, 33708, 33715, 33767 & 33785. While the Median Price was at its 10-year-low in 2010, the YTD Median Price for 2016 has risen over $90,000 to $730,000 with the average waterfront home costing $909.070. The annualized projections show 2016 to have the highest leap in pricing over the last 10 years. Median Sales Price for the second quarter in 2016 compared to 2015 is up 33% while quarter-for-quarter # of units sold is down by 20%.
Single Family Market Data
Single Family: Year Median* Price2007 $ 658,0002008 $ 599,0002009 $ 550,0002010 $ 483,7502011 $ 505,0002012 $ 560,0002013 $ 589,5002014 $ 640,0002015 $ 642,5002016 $ 730,000
*Median Price - that price above and below which 50% of unit sales occur in any one year.Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Single Family: Year Average* Price2007 $ 821,9932008 $ 773,6352009 $ 709,8512010 $ 597,1232011 $ 673,7972012 $ 732,5232013 $ 748,9752014 $ 813,4242015 $ 776,4582016 $ 909,070
*Average - volume of sales divided by the number of unit sales.Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Single Family: Year # of Units Sold2007 1792008 1772009 2302010 2522011 2912012 3172013 2762014 3132015 3622016 344
Unit - one single family home sale.Data derived from data courtesy of MyFloridaMLSAll current year data is through quarter 2, then annualized.Quarter 2 - YTD 2016
Single Family: Year $ Volume of Sales2007 147,136,7472008 136,933,3952009 163,265,7302010 150,474,9962011 196,074,9272012 232,209,7912013 206,717,1002014 254,601,7122015 281,077,7962016 312,720,080
$ Volume of Sales - the value of all the properties sold in this category.Data derived from data courtesy of MyFloridaMLSAll current year data is through quarter 2, then annualized.Quarter 2 - YTD 2016
Real Estate Market Report Year To Date 2016Q2 - YTD 2015 vs Q2 - YTD 2016
2015 2016
# of Units SoldSingle Family 214 172 20 % Down
$ Volume of Sold UnitsSingle Family $ 151,969,960 $ 156,360,040 3 % Up
Average Sales PricesSingle Family $ 710,140 $ 909,070 28 % Up
Median Sales PricesSingle Family $ 548,250 $ 730,000 33 % Up
Unlike the charts which have annualized the quarterly data, here the actual YTD quarterly data is compared to the same period in the prior year.Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20152014 vs 2015
2014 2015
# of Units SoldSingle Family 313 362 16 % Up
$ Volume of Sold UnitsSingle Family $ 254,601,712 $ 281,077,796 10 % Up
Average Sales PricesSingle Family $ 813,424 $ 776,458 5 % Down
Median Sales PricesSingle Family $ 640,000 $ 642,500 0 % Up
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20142013 vs 2014
2013 2014
# of Units SoldSingle Family 276 313 13 % Up
$ Volume of Sold UnitsSingle Family $ 206,717,100 $ 254,601,712 23 % Up
Average Sales PricesSingle Family $ 748,975 $ 813,424 9 % Up
Median Sales PricesSingle Family $ 589,500 $ 640,000 9 % Up
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20132012 vs 2013
2012 2013
# of Units SoldSingle Family 317 276 13 % Down
$ Volume of Sold UnitsSingle Family $ 232,209,791 $ 206,717,100 11 % Down
Average Sales PricesSingle Family $ 732,523 $ 748,975 2 % Up
Median Sales PricesSingle Family $ 560,000 $ 589,500 5 % Up
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20122011 vs 2012
2011 2012
# of Units SoldSingle Family 291 317 9 % Up
$ Volume of Sold UnitsSingle Family $ 196,074,927 $ 232,209,791 18 % Up
Average Sales PricesSingle Family $ 673,797 $ 732,523 9 % Up
Median Sales PricesSingle Family $ 505,000 $ 560,000 11 % Up
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20112010 vs 2011
2010 2011
# of Units SoldSingle Family 252 291 15 % Up
$ Volume of Sold UnitsSingle Family $ 150,474,996 $ 196,074,927 30 % Up
Average Sales PricesSingle Family $ 597,123 $ 673,797 13 % Up
Median Sales PricesSingle Family $ 483,750 $ 505,000 4 % Up
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20102009 vs 2010
2009 2010
# of Units SoldSingle Family 230 252 10 % Up
$ Volume of Sold UnitsSingle Family $ 163,265,730 $ 150,474,996 8 % Down
Average Sales PricesSingle Family $ 709,851 $ 597,123 16 % Down
Median Sales PricesSingle Family $ 550,000 $ 483,750 12 % Down
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20092008 vs 2009
2008 2009
# of Units SoldSingle Family 177 230 30 % Up
$ Volume of Sold UnitsSingle Family $ 136,933,395 $ 163,265,730 19 % Up
Average Sales PricesSingle Family $ 773,635 $ 709,851 8 % Down
Median Sales PricesSingle Family $ 599,000 $ 550,000 8 % Down
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Real Estate Market Report Year Ending 20082007 vs 2008
2007 2008
# of Units SoldSingle Family 179 177 1 % Down
$ Volume of Sold UnitsSingle Family $ 147,136,747 $ 136,933,395 7 % Down
Average Sales PricesSingle Family $ 821,993 $ 773,635 6 % Down
Median Sales PricesSingle Family $ 658,000 $ 599,000 9 % Down
Data derived from data courtesy of MyFloridaMLSQuarter 2 - YTD 2016
Disclaimer of LiabilityWhile the Market Report can give an accurate indication of sales, volume and prices in a market, its accuracy depends on the data entered into it by the agent providing the report and/or the entity supplying the information. Terri Fritzel and RE/MAX Preferred specifically disclaims any liability for mistakes found in the Market Report. All information should be independently checked against publicly available sources.