Jim from Valuation Services has provided the following to update us on the Pinellas Commercial Update.

The underlying premise of our newsletters is that the market will function more efficiently with informed buyers, sellers, Realtors, and lenders. Our first newsletter provided a historical perspective for the current real estate market by reviewing data back to 2003 showing the rise and fall of the real estate market, including the fact that residential prices in the 4th quarter of 2009 were consistent with those in 2003 and 2004, information that provided a statistical basis to demonstrate where the real estate market was at the end of 2009. This and future issues will include more details on recent history in relation to the current market providing an indication of the near-term direction of the market. At some point in the future an increase in the volume of sales and higher prices will provide an indication that the market is on the road to recovery.

To see the full newsletter please click here