Pinellas Waterfront Homes Are Selling Like Hotcakes
There are only 72 Pinellas Waterfront Homes for sale between Clearwater and Tarpon Springs in North Pinellas County. And they are selling like hotcakes! 20 have sold since January and another 9 are pending. In January, we went on record saying that the supply of Pinellas waterfront homes in the lower price brackets were drying up. And WHOA Baby, our study of the data again just now really drives that point home.
Ozona Florida Looking at Honeymoon and Caladessi Islands
There’s only ONE single family waterfront house available under $300,000 and another four between $300K and $400K. Of those that sold, only two were under $300,000 and one was under $400,000. The absorption rate calculations show us that there’s only a one month’s supply of inventory whereas most homes have a 5 - 1/2 month supply overall.
The Pinellas Waterfront Homes ”How Low Will They Go” PARTY is OVER.
Why aren’t you hearing about it elsewhere? Well, we specialize in Pinellas County waterfront homes and neighborhoods and we take the time to crunch the numbers that aren’t published elsewhere.
In case you’re from out of the area, this is a picture of the waterfront between Ozona Fl and the Dunedin Causeway to Honeymoon Island. Our aerial photographer, Jerry, couldn’t seem to zoom in on the ‘for sale’ signs left standing!
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