Episode 65: Market Freestyle: $400K–$600K Single-Family Homes

🎙 Real Property St. Pete Podcast – Market Freestyle: $400K–$600K Single-Family Homes

David Vann and Julie Jones dive into the hottest segment of the market: single-family homes priced $400K–$600K in South Pinellas.

📊 Key Stats:

• 586 homes currently for sale south of Ulmerton (including Feather Sound)
• 420 sold in the last 90 days → about 3.5 months of inventory (faster than the overall market)
• 130–150 homes selling per month in this price range

🏡 Buyer Insights:

• First-time buyers and retirees are driving demand
• Many homes are small (700–900 sq ft) but include a yard – a big plus for pet owners
• Some buyers face trade-offs: 1 bath vs. 2, size vs. location

💰 Interest Rates Update:

• FHA loans: 5.75%
• Conventional loans: mid-6% range (down from 7.25–7.5%)

⚡ Market Dynamics:

• Hurricane season & rate expectations are influencing buyer/seller behavior
• Delisted or withdrawn listings may return as confidence grows
• Move-up buyers are exploring areas north of the Sunshine Skyway for newer, larger homes

✅ Tips for Buyers:

1. Get pre-approved early
2. Save for your down payment
3. Define your must-haves vs. nice-to-haves
4. Be a flexible buyer – understanding seller timelines can help you get a better deal

The hosts emphasize: education and preparation are key – buyers who know the market and their budget can act decisively when the market heats up.

Want to work with us? David Vann can be found here, and Julie Jones can be found here! Reach out! We're nice, and we'd love to hear from you!