Pinellas Property Values Still Declining while NAR Sings Sunshine and Lollipops?
Zillow reported this week that Pinellas Property Values are still declining. While we aren’t fans of using Zillow to determine value, it’s fun to check out their reports and see how their data compares with the real data from the Pinellas Board of Realtors. This time, they aren’t so far off. 
Pinellas Property Values have declined in these sample Tampa Bay cities as follows in the past year: Palm Harbor 17.7%, Tarpon Springs homes 16.5%, Madeira Beach 21.2%, Clearwater 14.4% and Belleair Beach 19.7%.
Meanwhile, the National Association of Realtors Chief Economist Lawrence Yun is predicting that nationally prices will climb about 4% in 2010. When I first heard this, I laughed like crazy. Then I got mad. Then, this morning, I felt a lot better after discovering The Eastern Connecticut Real Estate Blog’s post The NAR Predicts Sunshine and Lollipops. At last, a reality check!
We’ve got too many Pinellas Foreclosures on the horizon to even begin thinking about a recovery yet.
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December 31, 2009 at 8:26 pm, Palm Harbor Realtors Share The Power of Written Goals | The Pinellas Peach said:
[...] Pinellas County Home Values still readjusting, trust me, it’s been a challenging year. It has taken more phone calls, [...]