Dunedin Florida - 2011 Housing Market Review

Dunedin Florida - 2011 Housing Market Review

Let's take a look at how the housing market did in Dunedin Florida during 2011. There were 340 single family homes sold as follows from highest to lowest:

List: $1,499,900 Sold: $1,170,000

List: $ 25,000 Sold: $ 25,000

Sale Price/Sq Ft:

High: $389.74

Low: $ 26.48

Average Days on Market: 101

In the group of townhomes, villas and condos there were 252 sales during 2011. They were as follows, highest to lowest:

List: $849,000 Sold: $775,000

List: $ 22,000 Sold: $ 19,000

Sale Price/Sq Ft:

High: $357.14

Low: $ 32.64

Average Days on Market: 137

When we compare 2011 residential sales in Dunedin Florida to 2010 residential sales we find:

2010 residential sales: 533

2011 residential sales: 592

2010 average sale price: $136,000

2011 average sale price: $149,072

2010 average days on market: 125

2011 average days on market: 128

Looking at these figures it is pretty obvious that all of the news streaming out of the Florida Association of Realtors is indeed on target. Sales have indeed increased, as we can see from this example, and this is the trend statewide.

While the number of days on the market has not changed significantly on average, we do indeed see that the price has been sliding up. That is excellent news for the local economy and, once again, what FAR has been reporting as well.

With news like this, 2012 should be a good year for real estate here in the Sunshine State. If you are seriously considering purchasing, NOW is indeed the time. Remember, current mortgage interest rates are the lowest they have been in over 50 years! I doubt it will get any better than it is now.