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.
Equal Housing Opportunity. Equal Opportunity Employer.
Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Suncoast Partners @ RE/MAX ELITE Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2/8/12 10:31 PM PST.
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, [...]