Safety Harbor, FL

Safety Harbor Florida - January 2012 Market Report

Safety Harbor Florida is an adorable little town located directly on Tampa Bay. Minutes to Tampa as well as to the Gulf Beaches and Clearwater, it is an eclectic town with lush parks and beautiful homes. It is here that we are going to examine the real estate closings for January 2012.

In the category of single family homes, there were 16 closings.

On the high end:

List: $549,900 Sold: $506,500 for a 4 bedroom 3 bath home

On the low end:

List: $ 95,000 Sold: $ 90,000 for a 4 bedroom 2 bath bank owned home

Sold Price/Sq Ft:

High: $178.85

Low: $ 43.86

Average Days On Market: 95

Turning to townhomes, condos and villas, we find that there were three closings in January 2012 and all three were two bedroom condos.

On the high end:

List: $ 142,900 Sold: $ 121,000.

On the low end:

List: $ 115,000 Sold: $ 100,000.

Sold Price/Sq Ft:

High: $117.48

Low: $ 87.38

Average Days On Market: 160

Prices are stabilizing and since many of the listings available are neither short sales nor bank owned, buyers are having to get used to the idea that the seller will negotiate but that the days of getting something for a song and a dance are rapidly coming to an end! Perhaps that is why Realtors are so busy right now..........those that are serious about purchasing are doing just that!

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!

Safety Harbor Florida - 2011 Housing Market Review

Looking back at the real estate market in Safety Harbor Florida for the year that just ended, we find that there were 197 single family homes sold. They break down as follows:

List: $1,499,000 Sold: $1,400,000 (most expensive)

List: $ 39,900 Sold: $ 39,900 (least expensive)

Sales price/sq ft:

High: $384.62

Low: $ 18.30

Average Days on Market: 94

In the category of townhomes, condos and villas there were 41 sales during 2011 and they break down as follows:

List: $185,000 Sold: $170,000 (most expensive)

List: $ 35,000 Sold: $ 34,000 (least expensive)

Sales price/sq ft:

High: $ 121.46

Low: $ 34.76

Average Days on Market: 114

Dunedin Florida is another example of how the market has begun to turn around during 2011 with shorter time on the market. This is a trend that most experts agree is going to intensify in the Florida real estate market during 2012. It anticipated that Florida is going to be leading the nation in a real estate recovery!

Safety Harbor Florida Market Report - November 2011

There were 6 single family homes that closed in Safety Harbor Florida during November 2011. On the high end was a 4 bedroom 4 bath 4285 sq ft pool home with beautiful maple cabinetry. This beautiful Creekside short sale home was listed at $599,000 and sold after 303 days on the market for $515,000.

On the lower end is a 1 bedroom 1 bath 912 sq ft bank owned home. Listed at $76,900, this little home closed after 452 days on the market for $74,800.

In the category of townhomes, villas and condos we start off with a 3 bedroom 2.5 bath 1955 sq ft townhome in Harbor Crest. This short sale was listed and sold for 170k after being on the market for 570 days.

At the other end of this short list of 4 closings in this category we find a 2 bedroom 1 bath 880 sq ft condo in Yorktown of Beacon Place. This little short sale condo was listed at $59,900 and closed after 515 days on the market for $48,000.

The homes and condos listed in this report are an excellent example of WHY so many buyers are not dealing with short sales and bank owned properties. Almost all of my clients ask me about short sales and bank owned. After hearing about the process and looking at some market reports, most decide they do NOT want to deal with it! They choose regular listings that can close quickly! If I was buying, I would be doing the same thing.

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