Safety Harbor Florida - Market Report - December 2011

Safety Harbor Florida - Market Report - December 2011

Looking back at the real estate market during the month of December 2011 in Safety Harbor Florida, we find that there were 15 single family homes that closed during the month and an overview shows that the range was as follows:

List: $424,000 Sold: $375,000 (most expensive)

List: $ 59,049 Sold: $ 37,000 (least expensive)

Sold Price/Sq Ft:

High: $144.31

Low: $ 18.30

Average Days On Market: 101

When we turn our attention to townhomes, villas and condos that closed in Safety Harbor during December 2011 we find that there were only four closings. Two of those were short sales and the other two were bank owned. Those figures are:

List: $170,000 Sold: $170,000 (most expensive)

List: $ 42,500 Sold: $ 50,100 (least expensive)

Sold Price/Sq Ft:

High: $84.40

Low: $47.26

Average Days On Market: 272

What do these figures tell us? Well, since the four closings in condos, townhomes and villas were either short sale or bank owned, we see that the banks are still taking much too long to reduce their inventory!

When it is a regular sale and not a short sale or REO, the closing time has improved significantly, as can be see in the single family home sales days on market.

The future is looking bright as the inventory decreases and the market stabilizes here in Florida! That means that 2012 should prove to be the best year we have seen in the last several years!