Market Conditions

Sept. 4, 2021

Is The Housing Market Starting to Adjust?

More Sellers Listing Homes as Buyers Seem to Hesitate

By Kerry Smith

Realtor.com got 18K more new listings in Aug. 2021 than it did in Aug. 2020 – and more were affordable, entry-level homes. Realtor.com’s economist says it’s still a seller’s market, but a well-priced home might get …

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Posted in Market Conditions
Aug. 19, 2021

Rising Costs for Builders Transferring to Buyers

New-Home Material Costs Rose Almost 20% in One Year

Lumber costs – down 30% in July but 72% higher than in Jan. – suggest prices are going down. But they aren’t. Year-to-year steel costs are up 109% and gypsum is up 16%.

CHICAGO – Building …

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Posted in Market Conditions
Aug. 19, 2021

Bidding Wars Showing a Decline

Fewer Bidding Wars May Open Door for More Buyers

Buyer competition has shown some signs of easing, however two Fla. metro areas – Tampa and Orlando – remain two of the top 15 U.S. metros for bidding wars.

SEATTLE – Housing market competition may show …

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Posted in Market Conditions
July 26, 2021

Do's and Don'ts of Owning a Vacation Rental

Are you considering buying a second home with plans on renting it part time, or, just looking for a property with good income potential you can rent full time? If you are making plans on purchasing a vacation home this is exciting news! I have helped many clients find the …

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July 26, 2021

Canadian Border Reopening Big Boost to Florida Tourism Expected

Canada to Reopen Its Borders on Aug. 9

By Jim Turner

In a likely boost for Fla. tourism and real estate, the Canadian government will ease border rules in Aug. Fla. Policy and Budget official expects “a big jump in people.”

TALLAHASSEE, Fla. – State economists …

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May 5, 2021

Housing Market Report St. Pete Beach, Treasure Island March 2021

St. Pete Beach, Treasure Island Housing Market Report March 2021

Housing Market Report March 2021 for the St. Pete Beach, Treasure Island 33706 area is
provided to you by The Tom Smith Team, Top 1% of agents in Pinellas County.

What you should know:

CONDO and …

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Posted in Market Conditions
May 5, 2021

Housing Market Report Indian Rocks Beach March 2021

Indian Rocks Beach, Indian Shores Market Report March 2021
Provided to you by The Tom Smith Team, Top 1% of agents in Pinellas County.

What you should know:

CONDO and TOWNHOME
The condo and townhome market remain the most active in the 33785 area.  Out of …

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Posted in Market Conditions
May 5, 2021

Housing Market Report Clearwater Beach March 2021

Clearwater Beach, Sand Key Beach, Island Estates Housing Market Report March 2021
Provided to you by The Tom Smith Team, top 1% of all agents in Pinellas County.

What you should know:

CONDO and TOWNHOME
The condo and townhome market remain the most active in the 33767 …

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Posted in Market Conditions
March 23, 2021

Fla.’s Housing Market: More Sales, Higher Median Prices in Feb. 2021

Florida Realtors’ data: Single-family home sales rose 15.7% year-over-year, median sales price up 16.6%; condo sales up 28.7%, median price up 16.6%. Chief Economist O’Connor: Fewer new listings and a tight inventory means a strong seller’s market.- SEE VIDEO BELOW

ORLANDO, Fla. – Amid increased COVID-19 vaccinations …

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Feb. 16, 2021

Vacation Rental Fight Revs Up Again

Stay tuned for updates to this story. For more information on this story or owning a vacation rental home or condo in the Clearwater-St. Pete Beach area call or text Tom Smith 727-776-3375 or Kristin Vincelli at 727-686-1596. The Tom Smith Team is in the top 1% of agents in …

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