Find Homes in St Petersburg

While the media purveyors of doom and gloom ring the death-knell for real estate markets across the country, the market for homes in St Petersburg, FL is a harbinger of better days. The economy of St Petersburg made some small gins during the first half of 2011. More companies continued to see this community as a great place to establish business.
// Here are some homes in St Petersburg that were submitted to the MLS within the last seven days:

See ALL Saint Petersburg home for sale.

As unemployment numbers dipped, sales activity for homes in St Petersburg warmed up. Unemployment rates are still around 13 percent, but companies such as Accuform signs and Micromatic USA are still on track for expansion of business in the county’s industrial park. Other companies are indicating that they are interested in moving to St Petersburg. In addition, a $50M new hospital is being built will certainly give a boost to the local construction companies who will need to take on new employes. All of this bodes well for prices and sellers of homes in St Petersburg.

 

Another positive trend is the decline in numbers of foreclosed homes in St Petersburg. In Hernando County, the numbers of foreclosed homes dropped to 527, a dramatic decrease from the 3,332 foreclosed homes listed in 2009. Interestingly, the level of unsold inventory of homes in St Petersburg sits at about the same level that it did during the housing boom of 2005. As inventory shrinks, prices are expected to rise.


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