The Tom Smith Team Real Estate Market Insight Report August 2020
Pinellas County
Watch a short video on the August 2020 Florida Housing Report Pinellas and Pasco County here
Pinellas County Real Estate Statistics for August 2020. The biggest statistical change in the market, number of active listings, saw expected decreases because of COVID-19. Single Family Homes and Townhomes/Condos were selling at higher prices year-over-year. The Average Sale Price for Single Family Homes increased 12.0% from $370,653 in August 2019 to $414,987 in August 2020. The Average Sale Price for Townhome/Condo was up 22.7% from $251,882 in August 2019 to $308,992 in August 2020. The Median Sale Price for Single Family Homes was up by 14.4% from last year at $278,000 for August 2019 to $318,000 for August 2020. The Median Sale Price for Townhomes/Condos increased 32.4% from $170,000 in August 2019 to $225,000 in August 2020.
There are still Beachfront condos under $500,000, click here to see what is available.
Pinellas County Summary
Year over year change in %
· Closed sales 1,286 up 4.6%
· Average sale price $367,669 up 12.5%
· Average time to sell 56 days down 15.2%
· New pending sales 1,335 up 10.1%
· New listings 1,286 up 4.4%
· Inventory active listings 1,548 down 43.6%
· Months of supply 1.4 down 44%
Interested in owning a home but not able to make it to the area? Let us help guide you through the virtual showing and closing process. Our experience and expertise help make the buying or selling process smooth and easy.
Thank you for visiting our housing market report page. This market insight report is brought to you by The Tom Smith Team Coastal Properties International. The Tom Smith Team is ranked in the top 1% of agents in Pinellas County with over $100,000,000 in real estate closings. See you at the beach!
