2020 Gulf Coast Real Estate Summary 2021-01-14

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate
Update
 
January 13th, 2021
 
 
 
 
 
2020 Was
Quite a Ride
 
 
In the first quarter of 2020 sales volume was trending up accompanied by a softening of prices. The World Health Organization declares Covid-19 a Pandemic on March 11th and everything changed.

Most of the deals in escrow close in March but closings took a nose dive in April and May as buyers canceled, sellers withdrew from the market and lenders tightened underwriting guidelines.
 
In June the market hits an inflection point and begins to make up for lost time. The market experiences a sharp increase in volume and average selling price, exceeding Pre-Pandemic levels with 40% of buyers paying cash.

These trends continued through year end as supply shrank, some sellers decide stay put while many choose to re-finance at historically low rates. 
 
 

Bottom Line
Number of Sales
year over year
net increase of 20%

4th Quarter year over year
increase in Average
Sales Price of 12%
 
 

Pinellas Beaches
All Residential 
Condos – Homes – Townhomes – 1 to 4 Units
On and Off Water
St. Pete Beach – Treasure Island – Madeira Beach
Redington Beaches – Indian Shores – Indian Rocks Beach
 
{% if ( contact.LASTNAME == “” ) %}
 
Coming in to 2021 supply remains short, mortgage rates are low and buyers need to be prepared to act fast on fairly priced properties.
 
{% endif %}
 
What’s For Sale
 
 
(Newest Listings first)
 
 
Todays Mortgage Rates
 
 
 
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

Mick Jagger says Gimme Shelter… in Florida 2021-01-02

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
January 2nd, 2021
 
 
 
 
 
Mick Jagger
says
Gimme Shelter
… in Florida
 
 

The Rolling Stones front man recently purchased a mansion as a Christmas present for his girlfriend, ballet dancer Melanie Hamrick. See full article
 
 
Source: Florida Tampa Bay Times
 
What does $1,000,000 buy in Pinellas County
 
Lets say you have $1,000,000 to spend.
Six Lifestyles
to choose from
 
{% if ( contact.LASTNAME == “” ) %}
 
In case you were wondering about monthly payments:
At todays rates with a down payment of $250,000 the payment on a $750,000 mortgage would be $3,111 per month ( not including taxes and insurance )
 
{% endif %}
 
What’s For Sale
 
 
Todays Mortgage Rates
 
 
 
 
Happy New Year
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

Gulf Coast Real Estate Update 2020-12-17

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
December 17th, 2020
 
 
 
 
 

Reverse Snowbirds
making long-term moves to the
Sunshine State
 
 
Florida’s “snowbirds” traditionally head to the Sunshine State for Thanksgiving and stay or visit repeatedly until early April to escape icy weather in the North and Midwest. In recent years, the trend shifted, with “reverse snowbirds” spending nine or 10 months in Florida and migrating north to escape the humid southern summer. Like many trends, this one was accelerated by the coronavirus pandemic, with some snowbirds heading south in March and April to escape areas hit by the virus and others deciding not to return north at all.
 
 
Source: Florida Trend Real Estate
 
 

Market Summary
2019 vs 2020
Closed Sales
January 1st to December 16th of each year.
 
 
For Sale
 
 
Todays Mortgage Rates
 
 
 
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

Demand for resort Real Estate in warm weather spikes 2020-09-25

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
September 25th, 2020
 
 
 
Resort Style
Real Estate
Demand Spikes
 
 
Demand for resort style real estate in warm climates spikes. As more work is done remotely, some Americans are deciding to make an early move to their retirement locale.
 
Open House
Saturday
September 26th
1:00 to 4:00
Thai
Lunch Buffet
 
Welcome to Las Flores at Redington Shores Yacht & Tennis Club. This second floor location feels like a private waterfront home with expansive wide water views of the Bay & Intracoastal. This well appointed waterfront gem features an open concept floor plan with three bedrooms and three baths set in just under 2,000 square feet of luxurious beach living.
 
 
17717 Gulf Blvd. #204
Redington Shores
FL 33708
 
​Please RSVP
call or text 
727-458-5450.
 
 
Las Flores 204
 
 
 
 
Stay Safe
Thank you
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

59% of Americans think it’s a good time to buy a home 2020-09-17

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
September 16th, 2020
 
 
 
Good time to buy or sell?
 
 
59% of Americans think it’s a good time to buy a home and 48% think it’s a good time to sell. Near-record low mortgage rates that helped restore much of consumers’ positivity on whether it is a good time to buy a home, while also improving the good-time-to-sell sentiment.”
 
Just Listed
 
Welcome to Las Flores at Redington Shores Yacht & Tennis Club. This second floor location feels like a private waterfront home with expansive wide water views of the Bay & Intracoastal. This well appointed waterfront gem features an open concept floor plan with three bedrooms and three baths set in just under 2,000 square feet of luxurious beach living.
 
 
Las Flores 204
 
 
Mortgage rates
hit a new low
 
 
Todays Mortgage Rates
As of 9/16/2020
 
 
 
 
Stay Safe
Thank you
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

The South Has Risen Again 2020-08-03

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
August 3rd, 2020
 
 
 
The South Has Risen Again!
 
 
Pending Home Sales in Southern States outpaced other US markets in June this year.
 
 
Here in Pinellas County the numbers bore out with an increase in both the number of closed sales and the median sale price compared to July of 2019.
 
 
And the Rates just keep on Dropping
 
 
Todays Mortgage Rates
As of 8/3/2020
 
 
 
 
Stay Safe
Thank you
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

Condo Association wants to see your Tax Returns… Wait WHAT? 2020-07-15

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
July 15th, 2020
 
 
 
Congress wants to see Trumps Tax Returns and now your Condo Association wants to see YOURS?
 
 
Man contracts to buy a condo with an “all cash” deal in Naples Florida and walks away when the Crescent Beach Condominium Association demands to see two years tax returns before approving his application to become part of the community.
 
 
Buyers are out looking at Florida properties in full force
 
 
In spite of social distancing measures potential buyers are out inspecting properties at Pre-Covid-19 levels. 
 
 
Just Listed in the last 14 days
 
 
Todays Mortgage Rates
As of 7/15/2020
 
 
 
 
Stay Safe
Thank you
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

Half the deals on the beach are cash 2020-07-01

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
July 1st, 2020
 
 
 
Let’s take a look at the beach market for January 1st to June 31st 2020 compared to the same time period last year.  Sales volume was down 13% and the median sale prices held firm.
 
 
Half of the deals on the beach since January 1, 2020 are cash deals.
That is consistent with previous years.
 
 
Where are the buyers coming from?
Most are from Florida followed by: Illinois, Pennsilvania, Michigan, New York, Virginia, Canada, Indiana and Kentucky
 
 
Just Listed in the last 14 days
 
 
Todays Mortgage Rates
As of 7/1/2020
 
 
 
 
Stay Safe
Thank you
 
 

Doiron Realty Services
Pete Doiron
Broker

13800 Park Blvd. Suite 207
Seminole FL 33776
727-391-2829
 
 
© 2020 Doiron Realty, Inc.
 

Same time last year 2020-06-18

 
Gulf Coast Market Update
 
Gulf Coast
Real Estate Update
 
June 18th, 2020
 
 
 
Lets take a look at the market for January 1st to June 18th 2020 compared to the same time period last year.  Sales volume was down to relatively flat and the median sale prices held firm and increased slightly in key markets.
 
 
Just Listed in the last 14 days
 
 
Todays Mortgage Rates
As of 6/18/2020
 
 
 
 
Stay Safe
Thank you
 
 
© 2020 Doiron Realty, Inc.