Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...

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Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
®

Your local association and real estate industry update. A PRO/CPRO member benefit.   Jan/Feb 2021

    Meet Your 2021 Leadership Team!
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
CEO’S UPDATE                                                                                                                                                                                                            COMMON Q&A
                                                                                                                                                                                    Q: I am looking at purchasing a
                                    Three years ago, key staff and member leaders met to set strategic goals for the                                                                condo but their governing
                                                                                                                                                                                    documents prohibit owners from
                                    association. These goals laid out the framework that we needed to provide value
                                                                                                                                                                                    having pit bulls as pets. I own one
                                    for our members, enhance the industry, and give back to the community.
                                                                                                                                                                                    and he is my emotional support
                                                                                                                                                                                    animal. Can I still purchase the
                                    The last three years have been quite an adventure, as we’ve seen many                                                                           condo?
                                    challenges, a merger, new partnerships with other associations and organizations,                                                               A: If you provide sufficient enough
                                    membership growth, and new technologies, all during a dynamic local and                                                                         documentation supporting your
                                    global market AND a life changing pandemic. We set out to achieve goals in the         Pinellas Office		              (727) 347-7655            need for an emotional support animal under the Fair Housing Act, the
                                    following areas:                                                                       4590 Ulmerton Road                                       condo association cannot prevent you from purchasing a unit there.
                                                                                                                           Clearwater, FL 33762                                     This is because legally, an emotional support animal is not a “pet” under
                                        1.   Powerful advocacy, public awareness, and community investment                                                                          the Fair Housing Act. Proper documentation would be a letter from the
    An update from CEO                  2.   Member development and engagement                                             Pasco Office		                 (813) 948-6966            health care professional that treats you and says you have a disability
     David B. Bennett                   3.   Be a driving force at Stellar MLS and leverage member data                    2009 Osprey Lane                                         that substantially affects one or more life activities, and that your pit bull
       CMLX1, RCE, CAE                                                                                                     Lutz, FL 33549                                           improves the condition caused by your disability.
                                        4.   Leadership, and staff focused on being the leader

                                                                                                                           2021 OFFICERS
                                   Achieve them we did! While maintaining what we’ve always done in providing
                                                                                                                           President: Glen Richardson                               Q: I was divorced a few years ago
                                   support for our members, quality education, volunteer opportunities, fun events,
                                                                                                                           President-Elect: Manuela Hendrickson                     and was awarded the house. My
                                   and more, we also added a lot. Some new additions include an exclusive new              Secretary: Carolina Conner                               ex-spouse never deeded me the
major RPAC investor program, multiple inbound and outbound trade missions, a mentor program for state directors,           Treasurer: Michael Wyckoff                               property like he was supposed to,
a flexible dues payment option, and we offered our expanded professional development opportunities to other                Past President: Cyndee Haydon                            and I have no way to track him
associations and quickly pivoted them to a virtual learning experience during the pandemic.                                                                                         down. How can I get his name off
                                                                                                                           CPRO CHAPTER CHAIR                                       my house?
The next planning meeting will have happened by the time this issue goes to print. I will keep you posted on what          Lars Kier                                                A: I speak with many people whose
we’ll be striving for in 2021 and beyond!                                                                                                                                           spouse was supposed to deed over the house after the divorce was final
                                                                                                                           2021 DIRECTORS                                           and never did. Sometimes it is a matter of tracking down your ex-spouse
                                                                                                                           Frank Bazail, Heather Breckenridge, Major                to get a deed to the property. While there is usually some resistance
                                                                                                                           Easthagen, Fred Hintenberger, Alexander                  at first, the threat of being dragged back into divorce court usually will

   Learn More. Earn More.                                                                                                  Jansen, Cody Limberger, Mark Middleton,
                                                                                                                           Jim Schanz, Corina Silva, Linda Wilson
                                                                                                                                                                                    convince them to sign the deed. Going back to court will cost you time
                                                                                                                                                                                    and money, so the best bet is to avoid this situation entirely by ensuring
                                                                                                                                                                                    the property gets deeded over at the end of the divorce case. If you are
   Get on track!                        Your Certfication Destination!                                                     CPRO CHAPTER                                             using an attorney for your divorce, remind them to help you get the deed
                                                                                                                           Robert Barnes, Glendora Merchant,                        signed.
   We’ve tagged our classes by          Here’s a sampling of designation and certification                                 Lyndie House, Mollyana Ward, Chris Light,
                                                                                                                           Barb Battaglia                                           Besides the difficulty of tracking down your ex-spouse years later, having
   specialty (ex: Property Mgmt,        classes available in just January and February alone!
                                                                                                                                                                                    them on the title to your house could jeopardize your full ownership of
   Luxury, Brokers, Commercial, etc.)                                                                                                                                               your home. A creditor could lien your property with their debt, or you
                                                                                                What’s with all            CEO
   so you can quickly filter classes                                                                                                                                                could end up in a title fight with their heirs if they pass away.
                                                                                                the crazy squares?         David B. Bennett, CMLX1, RCE, CAE
   by the focus of your professional
                                                                                                These QR codes take                                                                 While on this subject, deeds between divorcing couples are usually of
   development journey.                                                                                                    PUBLICATION
                                                                                                you directly to relevant                                                            the quit-claim deed variety. With a quit-claim deed, the person signing it
                                                                                                web pages with your
                                                                                                                           Editor: Kim Simmons                                      is merely transferring whatever interest in the property they have but is
                                                                                                mobile device! Most        Layout: Dylan Marvin                                     not making any warranties contained in a warranty deed.
                                                                                                smart phones require
                                                                                                                           The Pinellas REALTOR® Organization and Central           This is why warranty deeds have ‘warranties’ if you are getting good title.
                                                                                                no special app, just
   Visit our Education & Events                                                                                            Pasco REALTOR® Organization (PRO/CPRO)
                                                                                                point your camera and      is one of Tampa Bay’s largest professional trade
   Calendar page and use the “Select                                                                                                                                                While this is not ideal, divorce attorneys are generally resistant to using
                                                                                                get instant access to      associations, representing the interests of over 9,000
   Category” filter to explore track                                                            more information.
                                                                                                                                                                                    any other type of deed, and it should be fine as long as the deed is signed
                                                                                                                           real estate professionals in the Tampa Bay area. It
                                                                                                                           was established in 2002 as the result of a merger        right at the end of the divorce case. However, if you neglected to get the
   options.
                                                                                                                           between the St. Petersburg Suncoast Association of       deed signed and years have gone by, it is best to get a warranty deed in
                                                                                                                           REALTORS® and the Greater Clearwater Association         case you need to clean up a problem with your title that your ex-spouse
                                                                                                                           of REALTORS®, and merged with the Central Pasco
                                                                                                                                                                                    inadvertently caused. (Written by Gary M. Singer, Florida attorney and board-certified
    pinellasrealtor.org/calendar                                                                                           Association of REALTORS® in 2018.
                                                                                                                                                                                    as an expert in real estate law by the Florida Bar. © 2020 Sun Sentinel (Fort Lauderdale, Fla.),
                                                                                                                                                                                    Distributed by Tribune Content Agency, LLC.)

2 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                                pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
2021 BOARD OF DIRECTORS
                  Meet your 2021 Leadership Team
Your association is steered by an all-REALTOR®-member volunteer
team of elected Officers and Directors representing both Pinellas
and Central Pasco. They meet on a regular basis and make decisions
                                                                                                                                                  Director                           Director                        Director                      Director                      Director
that help guide the future of PRO/CPRO. If you are interested in                                                                                 Frank Bazail              Heather Breckenridge                Major Easthagen               Fred Hintenberger                  Alex Jansen
                                                                                                                                            Coldwell Banker Residential              Realty Experts        Smith & Associates Real Estate   Charles Rutenberg Realty        Coastal Properties Group
serving on the Board of Directors, be sure to look out for the many
announcements we send out in the late-summer of each year. Meet
your 2021 team!

                                                                                                                                                  Director                           Director                        Director                      Director                      Director
                                                                                                                                               Cody Limberger                  Mark Middleton                     James Schanz                   Corina Silva                   Linda Wilson
                                                                                                                                               Future Home Realty                     EXP Realty                Future Home Realty           Tampa Bay Key Realty             Wilson & Associates

                                                                                                                                                                                                 Central Pasco Team

              President                                     President-Elect                                       Secretary
           Glen Richardson                                 Manuela Hendrickson                                  Carolina Conner
       Smith & Associates Real Estate                      Realty One Group Sunshine                        Engel & Volkers Madeira Beach

                                                                                                                                                     CPRO Chapter Chair                               CPRO Chapter Chair-Elect                         CPRO Chapter Past Chair
                                                                                                                                                                Lars Kier                                         Robert Barnes                                Glendora Merchant
                                                                                                                                                          Sky International Realty                            Palm Realty & Associates                          Sky International Realty

                                         Treasurer                          Immediate Past President
                                        Michael Wyckoff                                Cyndee Haydon                                                   CPRO Director                         CPRO Director                     CPRO Director                     CPRO Director
                                 Engel & Volkers Madeira Beach                         Future Home Realty                                               Barbara Battaglia                          Lyndie House                      Chris Light                    Mollyana Ward
                                                                                                                                                     Coldwell Banker Residential                Future Home Realty                Future Home Realty                   Lagoon Realty

4 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                                                  pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
2021 COUNCILS & COMMITTEES
                Meet your 2021 Leadership Team
Joining a council or committee is a great way to build leadership skills,
give back, and help others. These leaders volunteer their time to make
                                                                                                                        Affiliates doing good: A warm September morning at the PRO parking
PRO/CPRO better for all members.                                                                                        lot set the stage for a drive thru donation campaign to help feed hungry
                                                                                                                        local children through The Kind Mouse. Stay tuned to see what charitable
                                                                                                                        organizations the Affiliate Business Partners will support in 2021!

                      Affiliate Business Partners                     Citation Committee                                                                  Leasing & Property                                                    PRO PAC
                              Chair: Dylan Barrie                         Chair: Karen Selby                                                            Management Committee                                                Chair: Amy Seeks
                              Vice: Tina Housdan                             Vice: Lisa Lowe                                                                    Chair: Tom Gaspari                                        Staff Liaison: Joe Farrell
                           Staff Liaison: Kim Simmons                Staff Liaison: Angela Emerson                                                         Staff Liaison: Angela Emerson

     Commercial Committee                      Diversity, Equity, and                   Grievance Committee                Public Policy Committee -                                      Public Policy Committee -                              RPAC Fundraising
            Chair: Gro Miller                  Inclusion Committee                           Chair: Terry Yoder                       PRO                                                           CPRO                                           Committee
          Vice: Carlos Fuentes                     Chair: Robert Barnes                      Vice: Nicole Dufala                      Chair: Ken Breland                                            Chair: Lyndie House                         Chair: Mark Middleton
      Staff Liaison: Angela Emerson                    Vice: Xina Rim                   Staff Liaison: Angela Emerson               Vice: Cody Limberger                                           Staff Liaison: Joe Farrell                      Vice: Linda Wilson
                                             Staff Liaison: Derek van der Kaay                                                      Staff Liaison: Joe Farrell                                                                                 Staff Liaison: Travis Norton

                      Homeownership Solutions                       Professional Standards                                                              Suncoast Global Council                                         Young Professionals
                           Committee                                     Committee                                                                              Chair: Corina Silva                                         Network
                          Chair: Glendora Merchant                         Chair: Amy Seeks                                                                       Vice: Ana Smith                                           Chair: John Ricker
                           Staff Liaison: Joe Farrell                       Vice: Bob Watts                                                                Staff Liaison: Angela Emerson                                   Vice: Candice Kelly
                                                                     Staff Liaison: Angela Emerson                                                                                                                      Staff Liaison: Travis Norton

6 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                                   pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
PINELLAS MARKET STATS                                                                                                                                                    PINELLAS STATS SUMMARY
  MONTHLY STATISTICS
 November 2020                                                 Combined Single Family Homes & Townhomes/Condos

                                                                  Summary Statistics            Nov 2020      Feb. 2014
                                                                                                              Nov 2019
                                                                                                                            % change
                                                                                                                            year over year
                                                                                                                                                                     Single Family Homes
                                                                  Closed Sales                     1855          1588            16.8%

                                                                  Paid in Cash                      660            606            8.9%       September                          October                                  November
                                                                  New Pending Sales                1824          1720             6.0%
                                                                                                                                             2019                               2019                                     2019
                                                                  New Listings                     1884          1916            -1.7%       MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES

                                                                  Pending Inventory                2598          2290            13.4%       $272,250       1,092               $275,000              1,095              $280,000                948
                                                                 Inventory (Active Listings)       3220          4810            -33.1%
                                                                                                                                             2020                               2020                                     2020
                                                          Absorption rate estimates the rate at which active listings are                    MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES
                                                          selling in a given market. It’s calculated by dividing the number
                                                          of closed sales by the number of active listings.                                  $320,000       1,221               $325,000              1,234              $320,000                1,086
                                                          A low absorption rate means that homes are selling slowly                          +17.5%         +11.8%              +18.2%                +12.7%             +14.3%                  +14.6%
                                                          (suggesting a buyer’s market) while a high absorption rate                         YoY change     YoY change          YoY change            YoY change         YoY change              YoY change
                                                          means that homes are selling quickly (suggesting a seller’s
  Absorption Rate                                         market).

   Single Family   2017     2018     2019    2020
   January         31%      30%      22%      38%        120%

                                                                                                                                                                 Townhouses & Condos
   February        32%      35%      30%      45%
   March           48%      48%      39%      54%        100%

   April           45%      49%      45%      39%
                                                          80%
   May             54%      46%      54%      40%                                                                         2017
   June            54%      45%      45%      79%         60%                                                             2018               September                          October                                  November
   July            45%      43%      50%      97%                                                                         2019
                                                          40%                                                             2020
   August          46%      45%      49%      96%
   September                36%               96%
                                                                                                                                             2019                               2019                                     2019
                   33%               45%                  20%
   October                                                                                                                                   MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES
                   38%      38%      44%      87%
                                                           0%
   November        37%      31%      39%      83%                Jan Feb Mar Apr May Jun       Jul Aug Sep Oct Nov Dec                       $174,250       674                 $175,000              709                $165,000                640
   December        44%      34%      52%

                                                                                                                                             2020                               2020                                     2020
   Condo           2017    2018      2019     2020                                                                                           MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES
   January         25%      27%      21%      25%
   February        26%      29%      26%      34%
                                                         60%
                                                                                                                                             $220,000       843                 $215,000              887                $223,500                769
   March           39%      36%      33%      34%        50%
                                                                                                                                             +26.3%         +25.1%              +22.9%                +25.1%             +35.5%                  +20.2%
   April           37%      41%      35%      24%                                                                                            YoY change     YoY change          YoY change            YoY change         YoY change              YoY change
                                                         40%
   May             37%      44%      38%      21%                                                                         2017

   June            41%      40%      33%      37%        30%                                                              2018

   July                                                                                                                   2019
                    34%     39%      38%      48%
                                                         20%                                                              2020
   August           36%     40%      37%      48%
   September       31%      31%      33%      51%        10%                                                                                                Need more data?                                                      Stats source: Florida REALTORS®

   October         31%      32%      34%      53%
                                                         0%                                                                                                 Visit pinellasrealtor.org/stats for comprehensive
   November        31%      30%      29%      47%               Jan Feb Mar Apr May Jun    Jul Aug Sep Oct Nov Dec                                          monthly year-over-year reports and videos, including
   December         36%     28%      36%
                                                                                                                                                            foreclosure and short sale figures. You’ll also find DAILY
              source: Stellar MLS Live Data 11/18/2020
                                                                                                                                                            market snapshots of five Tampa Bay area counties!

8 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                   pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
MEMBER SPOTLIGHT                                                                                                                                       AFFILIATE BUSINESS PARTNERS
                                                                                                              Back in December
                                 Glen Richardson                                                              our Affiliate Business
                                                                                                              Partners held their
                                                                                                                                                                    REALTOR® ORGANIZATION

                                                                                                                                                                    REALTOR® ORGANIZATION

                                 2021 President, PRO/CPRO
                                 Smith & Associates Real Estate                                               Installation of 2021
                                                                                                              Directors & Mentors
                                                                                                              in a small gathering
                                 Are you originally    Expanded homeownership and wealth building             at PRO and honored some very dedicated and
                                 from the Tampa        opportunities in areas of our community presently      enthusiastic members. They are pictured with
                                 Bay area? If not,     underserved, through outreach, education, and          Affiliate Vice-Chair Tina Housdan.
                                 where are you from    partnership. Our Association will continue to                                                                                                Most Supportive Sponsor: Kelly Baird,   Big Heart Award: Dan Hagaman,
                                                                                                                                                                                                    Choice Home Warranty                    Hagaman Promotions and Awards
                                 and when did you      be a strong advocate for increased affordable
                                 relocate here?        housing throughout Pinellas and Pasco counties
                                                       and a steward of fair housing practices in our
                                I primarily grew       community.
                                up in Connecticut,
but went to high school in North Carolina. Since       I also believe that it’s really important to the
then I’ve lived and worked on 3 continents. 17         future of our association to get our membership
years ago, my wife and I moved to St Petersburg        more engaged. There are so many talented young
from Boston, MA.                                       leaders within our ranks and they bring new, fresh
                                                       ideas and solutions to the table. I am committed to
                                                                                                              The Mentor’s Rookie of the Year:          The Board’s Rookie of the Year: Kimber      Special Thank You: Megan Galane,        Affiliate of the Year: Tina Housdan, All
What is your professional background prior to real     helping them to understand what we do and what         Kaleb Barton, America’s Preferred Home    Fraley, Florida Building Inspection Group   Mountain West IRA                       Western Mortgage, pictured with Affiliate
                                                                                                              Warranty                                                                                                                      Chairman Dylan Barrie
estate?                                                they can do to help us be a positive impact on our
                                                       industry and our community.
I spent 30 years in the technology industry.
My area of expertise was networking design,            What tips would you give a brand new REALTOR®
management, and testing. I built and managed a
worldwide sales force for a company in Raleigh,
                                                       just starting out in real estate?
                                                                                                                                                                                Thank you!
NC.                                                    Remember, our business is not about transactions,                                        Sponsors of PRO/CPRO’s Installation of Officers & Directors
                                                       it is about relationships. And persevere, it will
As President of the Board in 2021, what are some       take a while to succeed. Getting involved with the
things you hope to accomplish?                         association is a great way to build friendships and
                                                       foster opportunities to learn from others.
In 2020, President Cyndee Haydon was very
inclusive and we worked together to create a           What is your favorite thing about being a REALTOR®?
strategy and plan that could continue on. We
will carry that mantle forward in education,           People, period. There is no better feeling than to
member benefits, virtual operating capacity, and       call a client, Friend. And our industry gives us the
leadership. Beyond that, there are two areas           chance to have friends around the country and the
where I believe PRO/CPRO can benefit both our          world. What a way to wake up each day.
members and community. And as we say, Be The
Leader.

10 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                           pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
PASCO MARKET STATS                                                                                                                                                               PASCO STATS SUMMARY
  MONTHLY STATISTICS
 November 2020                                                  Combined Single Family Homes & Townhomes/Condos

                                                                  Summary Statistics            Nov 2020    Feb. 2014
                                                                                                             Nov 2019
                                                                                                                           % change
                                                                                                                           year over year
                                                                                                                                                                    Single Family Homes
                                                                  Closed Sales                    1166          1085            7.5%

                                                                  Paid in Cash                     252           303           -16.8%       September                          October                                  November
                                                                  New Pending Sales               1091           991           10.1%
                                                                                                                                            2019                               2019                                     2019
                                                                  New Listings                    1078         1116             -3.4%       MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES

                                                                  Pending Inventory               1717         1369            25.4%        $236,750       900                 $229,790              838                $245,000                907
                                                                  Inventory (Active Listings)     1381         2731            -49.4%
                                                                                                                                            2020                               2020                                     2020
                                                           Absorption rate estimates the rate at which active listings are                  MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES
                                                           selling in a given market. It’s calculated by dividing the number
                                                           of closed sales by the number of active listings.                                $264,900       1,045               $266,208              1,072              $276,965                954
                                                           A low absorption rate means that homes are selling slowly                        +11.9%         +16.1%              +15.8%                +27.9%             +13.0%                  +5.2%
                                                           (suggesting a buyer’s market) while a high absorption rate                       YoY change     YoY change          YoY change            YoY change         YoY change              YoY change
                                                           means that homes are selling quickly (suggesting a seller’s
  Absorption Rate                                          market).

   Single Family   2017     2018     2019     2020
   January         29%      31%      25%      33%        120%

                                                                                                                                                                Townhouses & Condos
   February        33%      35%      31%      44%
   March           46%      44%      43%      55%        100%

   April           46%      46%      51%      48%        80%
   May             55%      56%      54%      48%                                                                       2017

   June            55%      49%      47%      85%        60%                                                            2018
                                                                                                                                            September                          October                                  November
   July                              50%                                                                                2019
                   49%      42%              108%
                                                         40%                                                            2020
   August          46%      44%      46%     112%
   September                                 112%
                                                                                                                                            2019                               2019                                     2019
                   35%      34%      43%                 20%
   October                                                                                                                                  MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES
                   39%      38%      39%     109%
                                                          0%
   November        38%      35%      42%     109%               Jan Feb Mar Apr May Jun     Jul Aug Sep Oct Nov Dec                         $165,000       179                 $137,500              170                $166,500                178
   December        44%      32%      45%

                                                                                                                                            2020                               2020                                     2020
   Condo           2017     2018     2019     2020                                                                                          MEDIAN PRICE   SALES               MEDIAN PRICE          SALES              MEDIAN PRICE            SALES
   January         25%      33%      20%      24%        90%
   February        36%      46%      22%      34%
                                                                                                                                            $188,495       232                 $165,500              192                $189,500                212
                                                         80%
   March           45%      40%      29%      38%
                                                         70%                                                                                +14.2%         +29.6%              +20.4%                +12.9%             +13.8%                  +19.1%
   April           43%      37%      36%      30%                                                                                           YoY change     YoY change          YoY change            YoY change         YoY change              YoY change
                                                         60%
   May             46%      51%      31%      31%                                                                       2017
                                                         50%
   June            48%      41%      33%      55%                                                                       2018
                                                         40%
   July            39%      41%      34%      49%                                                                       2019
   August                                                30%
                   45%      37%      32%      77%                                                                       2020
   September       35%      29%      35%      74%        20%                                                                                               Need more data?                                                      Stats source: Florida REALTORS®

   October         37%      32%      32%      64%        10%
                                                                                                                                                           Visit pinellasrealtor.org/stats for comprehensive
   November        42%      29%      36%      71%         0%
                                                                Jan Feb Mar Apr May Jun    Jul Aug Sep Oct Nov Dec                                         monthly year-over-year reports and videos, including
   December        39%      21%      33%
                                                                                                                                                           foreclosure and short sale figures. You’ll also find DAILY
              source: Stellar MLS Live Data 11/18/2020
                                                                                                                                                           market snapshots of five Tampa Bay area counties!

12 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                 pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
2020 Profile of Home Buyers & Sellers                                                                                                  nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers

The following pages contain insightful information from
the National Association of REALTORS’® 2020 Profile of
                                                             the COVID-19 pandemic, the NAR Research Team also
                                                             compared the data from those who bought and sold before
                                                                                                                                                               Financing the Home
           Home Buyers and Sellers, a survey of people       April 2020 with data from those who bought between
                   who purchased or sold from July           April and June to uncover effects of the pandemic on the              Percent of buyers who financed their
                        2019 to June 2020. The survey        purchase and sale of homes. The researchers found a                             home purchase:
                                                                                                                                                                                                                  The most common source of

                                                                                                                                                            87%
                           measures the demographic          number of interesting differences including an increased                                                                                             down-payment came from savings,
                             characteristics of home         interest in multigenerational living; growth in certain buying                                                                                       followed by proceeds from the sale
                               buyers and sellers, buyers’   segments, including unmarried                                                                                                                        of another residence.
                                and sellers’ experience      buyers, Hispanic/Latino buyers, and
                                in the home transaction      Asian/Pacific Islander buyers; and

                                                                                                                                 93%
                                process, as well as market   greater likelihood of using a family
                                characteristics including    member or friend as their agent,
                                the use of real estate       possibly because of a desire to limit
                               agents.                       contacts during the pandemic.
                                                                                                                                     First time buyers typically
                                                                                                                                    financed 93% of their home

                                                                                                                                                                                                                                     11%
                          Given the extraordinary            The full report can be accessed at NAR.realtor under the
                                                                                                                                    compared to repeat buyers
                       circumstances brought about by        Research & Statistics tab.                                                        at 84%                     For 11% of buyers, the most difficult step in the buying
                                                                                                                                                                           process was saving for a down-payment. They cited
                                                                                                                                                                            student loan debt, credit card debt, and high rent/
                                                                                                                                                                             mortgages as reasons for the difficulty in saving.

           The Home Search/Selling Process and
                  use of a REALTOR®
                                                                                                                                                                          Home Sellers
                                                                                                                                   Age of typical seller:
88% of buyers and 89% of sellers                                                      Percent of sellers who said

                                                                                                                                                  56
worked with a real estate agent or                                                      they would definitely or
                                                                                      probably recommend their
broker                                                                                 agent for future services:                                                                                                 Sellers cited that they sold their
                                                                                                                                                                                                                  home for a median of $66,000

                                                                                                     89%
                                                                                                                                                                                                                  more than they purchased it.

  Percent of buyers who said they’d use
  their agent again or recommend their
             agent to others:
                                                                                                                              Median household income of

                                                                                                                                                                                                                                     3
                                                                                                                                    typical seller:

                            91%                                                                                                              $107,100
                                                                                                                                                                                           Median number of weeks homes
                                                                                                                                                                                           were on the market before selling:

14 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                          pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
2020 Profile of Home Buyers & Sellers (cont’d)                                                                             nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers

                                     Home Buyers                                                                                  Buyers Before & During COVID-19
    Age of typical buyer:
                                                                                 Median household income

                  47
                                       Recent buyers:                                of typical buyer:                                                                                                Time buyers spent searching
                                                                 Single                                                                                                                               before working with an agent:
                                                        19%        Females
                                                                                           $96,500                                                                                                    Pre-pandemic: 3 weeks
                                                                                                                          1 in 6 buyers after March ran into the
                                         62%
   Percent of buyers who                 Married          10%        Unmarried
                                                                     Couples
                                                                                                                         inability to move forward in the buying
                                                                                                                                process due to COVID-19.                                              After March: 2 weeks
interviewed just one agent:              Couples
                                                          9%
               73%
                                                                  Single
                                                                 Males

                                                                                                                                  50%                                                                    57%
 Percent of buyers who used
 an agent that was referred                                                        Percent of buyers who used an        Percent of buyers pre-pandemic who                                   Percent of buyers during the pandemic who
          to them:                                                                 agent they had worked with in          purchased in a suburban location                                        purchased in a suburban location
                                                                                              the past:

               44%                           Internet searchers were divided
                                                 on how they searched for
                                               properties - half searched on
                                              a computer, half searched on a
                                                                                              13%                                 Sellers Before & During COVID-19
                                                      mobile device

                                                                                                                                                                                          The top reason sellers sold their home:

                                      FSBO Sellers                                                                       46%                                                              Pre-pandemic:
                                                                                                                                                                                          To be closer to friends and family

                                                                                                                    Percent of home sellers after
 FSBO homes sold at a median of $217,900 compared to                                                               March whose need to sell was                                           After March:
 the median of agent-assisted home sales at $242,300!                                               FSBO           “somewhat urgent”, compared                                            Their home was too small
                                                                                                                       to 39% pre-pandemic.

     Home sales that were                                77%                                                                                                           27%
        FSBO sales:
                              8%                                       The amount of FSBO homes sold in
                                                                      less than 2 weeks, often because the
                                                                                                                                                                   Percent of home sellers after March who
                                                                                                                                                                    used virtual tours, compared to 16% of
                                                                        seller personally knew the buyer                                                                     those pre-pandemic.

 16 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                          pinellasrealtor.org
Meet Your 2021 Leadership Team! - Your local association and real estate industry update. A PRO/CPRO member benefit - Pinellas Realtor ...
ADVOCACY UPDATE                                                                                                                                                DISTRICT 6 LEADERSHIP INSTITUTE

                       Dear Members,

                       The challenges of 2020 go without saying. Last spring, for the first time in over
                       a decade, our legislature fully funded affordable housing initiatives through the
                       Sadowski Trust Fund only to see the economic reality of COVID-19 ravage the
                       state budget and eliminate that funding. Thankfully, we now have a Governor
                       and Legislature favorable to homeownership affordability. That’s good news
                       moving forward!
                                                                                                                                                                  LEADERSHIP OPPORTUNITY
  At both the federal and state levels, COVID-19 shined a light on how important REALTORS® are to
  our economy. Your advocacy team at every level of the association lobbied for REALTORS® to be                                            Apply today!
  classified as essential so you could continue to operate. That wasn’t easy, but we did it. If there were
  politicians lacking confidence that REALTORS® could do business responsibly in a pandemic, they                                          The District 6 Leadership Institute is designed to help you uncover your
  don’t anymore thanks to your professionalism and skill. This goes a long way towards building trust                                      most effective leadership style. Learn what it takes to be a leader, motivate
                                                                                                                                           others, and move your career forward - attend the 2021 D6 LI!
  with decision makers.
                                                                                                                                           This program will help you evolve from sole proprietor or manager to leader
  We don’t know too much about 2021 just yet. Opponents to property insurance reform and                                                   in your company. It will help you develop a leadership style, then you’ll learn
  property rights issues will be prevalent. The state and federal budgets will be very tight making                                        how to use these skills to become a leader at PRO/CPRO and at the state
                                                                                                                                           level. This is also the best opportunity for you to build alliances with other
  the business rent tax cut unlikely. As negative as that all sounds, there is good news in that at every
                                                                                                                                           focused professionals in our industry. Affiliate Business Partners may apply
  level of the association, the advocacy team is                                                                                           as well.
  ready to fight for your rights as a REALTOR®,
  and advocate for private property owners. After                                                                                          Sign up today, grow tomorrow! What’s involved?
  the events of 2020, we are all ready to succeed!
                                                                                                                                           A mix of full and half day interactive sessions beginning February 25*, such as:
  Have a great 2021.
                                                                                                                                               • Knowing Yourself as a Leader
  Sincerely,                                                                                                                                   • How to Have a Great Meeting - Parliamentary Procedures
                                                                                                                                               • Becoming a Leader
  Joe Farrell
                                                                                                                                               • Being the Leader
  Vice President of Public Affairs
                                                                                                                                               • At Home With Diversity
  Pinellas REALTOR® Organization & Central Pasco
  REALTOR® Organization
                                                                                                                                           These sessions will be followed by a day on Leadership in Action and a graduation ceremony in August at the Florida
                                                                                                                                           REALTORS® Convention in Orlando.

                                                                                                                                           Sessions are lead by industry experts and include guest speakers, group discussions, and leadership exercises. You’ll learn
                                                                                                                                           how to use your new leadership skills in multiple facets of your life, both personally and professionally.

                                                                                                                                                               Visit FRDistrict6.com to view the session schedule and location details, sponsorship information,
                                                                                                                                                               and apply for the Leadership Institute.

                                                        Around 60 local businesses were supported this year through an RPAC gift card                          District 6 is one of 13 geographic regions designated by Florida REALTORS®. District 6 includes PRO/CPRO, Florida Gulfcoast
                                                        auction. Major Investors David Bennett and Fred Hintenberger proudly display                           Commercial Association of REALTORS®, Greater Tampa REALTORS®, and West Pasco Board of REALTORS®.
                                                        the sign that encapsulates the spirit of our response to the challenges of 2020.
                                                                                                                                                               *Details are subject to change
                                                                                                                                             frdistrict6.com
18 REALTOR VIEW MONTHLY • JAN/FEB 2021                                                                                                                                                                                                                        pinellasrealtor.org
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