How’s the Suncoast Area Real Estate Market?

As active local Realtors, this is the #1 question that we get asked - pretty much on a daily basis! The Suncoast Area real estate market is very fluid and it varies from area to area. The Suncoast Area encompasses a number of locations and different neighborhoods, and even homes within the same town may tell a different story as to value and pace of sales. The bottom line is that it’s a very difficult question to answer and in a lot of ways the answer is very location specific. For example, homes in Downtown Dunedin are significantly different in value than similar homes that are just south of Union Street in Clearwater. There are many different factors in determining a home’s true market value.

Most people want to know how the market is affecting the value of their home. To find out, please click this link for an instant evaluation of your home.

You will immediately receive a valuation report that also includes a market snapshot of the neighborhood consisting of recent sales in your area, average price, number of homes listed, pending sales and more. This report will answer a lot of your questions. Keep in mind, however, this is a computer generated market analysis and sometimes does not give the exact value for location, upgrades, etc. We would be happy to share with you the most up-to-date comparable sales data from our MLS and from Public Records. This is always the best source for accurate information.

Other factors that are important in property valuation are Median Sales Price, Price per square foot, Absorption Rate and Days on the Market. These are the basic metrics that reflect the market strength or weakness. These factors change month-to-month and since we would like to give you the most accurate and up to date numbers just email or call us and we would be happy to send you a more detailed report.

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