Historic Old Northeast St Pete Real Estate Market Update June 2019 [Statistics]

There is about a two month supply of inventory in the Old Northeast section of St Petersburg FL.

In real estate terms that is a seller’s market. There’s been murmers of a market cool down, and the fact that last year’s days to contract was 6 days less points to the fact that the market is slightly cooler but it has not turned into a buyer’s market.

Bike the Burg

We will be touring the Old Northeast on our July Bike the Burg ride. Join us on 7/13 to get to know the neighborhood a little better and see a few of the homes for sale.

Sold / Closed Activity

In the last six months there were 100 closings, and coincidentally a year ago the same period also had 100. The number of days to contract is a little higher this year, and the price this year is higher by $21 per square foot.

Comparison is between 6/19/2019-12/21/2018 (180 days back from the date of writing) and a year prior 6/19/2018-12/21/2017
Comparison is between 6/19/2019-12/21/2018 (180 days back from the date of writing) and a year prior 6/19/2018-12/21/2017

Properties for Sale in the Old Northeast

The 51 homes for sale come in asking $331 per square foot (median) and have been on the market for 63 days. If you consider the 98% list to sale ratio they are in line with recent sales in the area.

These homes have been on the market twice as long as other homes were.

Data pulled on 6/19/2019
By Kathleen Seide | Posted in Market Reports | Tagged | Leave a comment

 


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