A Vibrant downtown area with flourishing art and entertainment, proximity to beautiful beaches, low cost of living and a pleasant climate rendering it the title ‘sunshine city’, has drawn retirees and young people to St. Petersburg in the recent times
The affordability of houses and the job growth are factors which have contributed to the population growth as well.
St. Petersburg’s housing market in short
Most of St. Petersburg has old time houses built after the war, during the 40tis to 60tis era.
A very small portion contains modern homes built after 2000s and it has a total of 105,443 houses and apartments.
It was again one of the worst hit cities in Florida during the economic crisis of 2012. The housing market had to endure foreclosures and distressed sales.
But there has been a gradual improvement in the real estate market in St. Petersburg year after year.
In 2014, the market situation was favorable to buyers, but not if you were a house-owner wanting to sell your home for a fair market value. The inventory was fairly good with low priced houses.
The median listing price was well below the national median level.
The situation saw a complete reversal of its prior state in 2016 when the same houses which were sold at a loss during the crisis of 2012, delighted home-owners by getting multiple offers, from which they could choose the best home buyer.
Even compared to 2015, home prices had gone by a substantial percentage especially in the historical downtown areas such as Kenwood, where the demand has increased.
Though with a little lesser vigor, the same good fortune has been passed on the 2017.
Only rising interest rates could be a source of worry, as they may cause buyers to stray away from the housing market.
DIY quick home-sale guide
Fastoffernow.com is a leading website in America which has revolutionized the way in which you can go about selling your home quickly and most efficiently.
St. Petersburg is no exception to its proficient services, which involve a guaranteed and quick home- sale in an unimaginably short period of time.
Especially if real estate is unknown territory, selling your home all by yourself can now be done easily, bypassing the tricky and cumbersome steps it requires.
You need not look further than this for a better source of guidance on the subject.
No need to own a furnished and well kept residence for us to buy it, or spend massively on brokerage and closing costs.
Our experts take utmost care to take your needs into consideration while getting the job done as fast as possible.
The pressure of selling your home at a fair market value is no longer on your shoulders.
Think about the time and cash you can save by using an online portal like this to help you find the best home buyer!