Tampa Bay homes sales soared in June

Tampa Bay home sales skyrocketed in June, making it the strongest month in the past year.

Year-over-year sales of single-family homes — which make up the bulk of the residential real estate market — soared 31.7 percent in Pasco County, 29.5 percent in Pinellas and 27.4 percent in Hillsborough.

Prices in all three counties also rose, though less dramatically, while the median number of days homes sat on the market shrank — evidence that buyers are snapping up realistically priced homes.

“Overall, it’s been a very solid market for pending sales month after month, and June was a strong closing month,” Charles Richardson, senior regional vice president of Coldwell Banker in Tampa, said Wednesday.

But, he added, “it’s still a value-driven market. If you overprice a property, it’s just not going to sell today. Because of the Internet, buyers have a lot more information available to them, and they have a very strong understanding of what the value should be.”

Pat Lins, a Coldwell Banker agent in northeast St. Petersburg, knows that well.

In June, she sold a 1,755-square-foot waterfront home before it even hit the market. Needing an update, it turned out to be perfectly priced at $390,000 for a young couple whose own home had sold so quickly that they needed to find a place pronto.

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About Author

John William is a cum laude graduate of the University of Miami, and has spent his lifetime in sales and marketing. The fourth generation to join his family business, John William manages all luxury residential sales and transactions within the Tampa Bay and South Florida markets. A keen industry insider with a finger on the pulse of the area, He is an expert identifying high-return acquisition and development opportunities for hungry investors both large and small while simultaneously working with homeowners and homebuyers to buy and sell the home of their dreams… often times without the need of the MLS or a For Sale sign. He also oversees all digital and print marketing for the company, and handles all sales training for new and established agents alike. He is a member of the Board of Directors of Brookwood Florida, the oldest charity in Florida, and works to raise millions of dollars annually for local charities and museums.