The Beachwise Real Estate Housing market report for Clearwater Beach to St. Pete Beach for February 2023   

Summary:  Prices and other key metrics at 5-year averages.  Homes are staying on the market longer.  Multiple offers on beach condos and homes that are fully updated.  New construction along the beaches creating areas of opportunity.  Are we back to normal?  We are most likely going to be seeing a high and medium range now for the next several months and even years.  Most likely testing highs and then slowly coming back down.  Out on the street, activity has really picked up since the new year began.  I am even seeing multiple offers on updated properties that are move in ready.  Buyers are still being patient however as homes are staying on the market longer each month.  3 things I will be watching moving forward:

·        How long are homes staying on the market? 

·        What is the final sale price compared to original listing price?    

·        Steady gains in pending sales and new contracts.

 

Clearwater Beach, Sand Key Beach, Island Estates 33767

Condo 33767
Demand for homes and condos in Clearwater Beach is still high. 

  • New listings and new pending sales jumped to 6-month highs. 
  • Median sale price of condos dropped 11% from previous month and was down 9% year over year. 
  • New pending sales increased to 34 up from 22 the previous month.
  • New listings increased to 44 up from 33 the previous month.   
  • Average days on the market is 59 – up 63% from previous month of 22 days.
  • Sellers on average received 91% of list price this month compared to 93% the previous month.  The 5-year average is 97.3%

Single family 33767
With only 1 sale in January, we are unable to give an accurate average for the month as it sold for over $4,000,000.  One year ago, home prices averaged $879,500. The good news is that January saw new pending sales and new listings jump 60%. 

Stats:
Median Sold Price condo $610,000                                  
5-yr Avg $596,480

Median Sold Price Single Family $4,455,000                               
5-yr Avg $1,629,000

Closed Sales 20                                                        
5-yr Avg 38

Months of supply 3.9                                              
5-yr Avg 3.9

Active Listings 150                                       
5-yr Avg 179

New Pending sales 44                                             
5-yr Avg 64

 

 


Imagine Clearwater estimate completion date July 2023

City of Clearwater inland including downtown area 33755

Leave the beach and just over the causeway is potential…I am looking at Clearwater downtown as the next hot spot.  Cleveland street East is being entirely redone.  Downtown has an amazing view of the sunset sitting at restaurants looking at million-dollar yachts.  It's really a fun vibe. My office and home are here and can tell you each time I drive through the area, my excitement builds.  The $60,000,000 re-development of Coachman Park, called Imagine Clearwater, is almost done.  Concerts and events are already scheduled for July with top artists.  Can’t wait to see this completed and the energy it will bring to downtown.  How much better can Clearwater get?

New condos and more on the way are pushing prices to new highs.  Although not on the beach sand the intracoastal can still sport amazing views.  Check out one of my listings at the New Construction condos at Marina Bay 920 N Osceola Avenue Unit 404, Clearwater, 33755 (homesforsaleinclearwaterbeach.com) and you will see what I mean.

Stats:
Median price single family $342,500
5-yr Avg $258,650

Median price condo $525,000
5-yr Avg $280,190

New listings up 39
5-yr Avg 45

New pending sales 42
5-yr Avg 53

Average days on the market 59    
5-yr Avg 44

Final sale price vs original list price 89.5
5-yr Avg 94.4

 

 


pic of Marker 48 Dunedin

Dunedin 34698
Single family homes in Dunedin have the lowest average for days on the market in the entire county.  Prices are in a nice range compared to Clearwater, Island Estates, and Belleair.  The city has amazing restaurants and family friendly events all year.  There is golf, Honeymoon Island State Park, the beautiful causeway out to the park, the downtown marina, holiday parades and community park for farmers markets, not to mention a brand-new baseball stadium with year-round activities and games.  I was a Dunedin resident for 3 years, while raising my son 8 years ago and have many fond memories still today.

Stats:
Median sale price CONDO $240,000
5-year average $229,330                                                   

Median sale price SINGLE FAMILY $452,500
5-year average $366,500

Average days on market 44
5-year average 40

New listings 77
5-year average 81

New pending sales 82
5-year average 101

Final sale price vs original list price 93.6%
5-year average 95.7

 

 


st. pete beach 

Treasure Island and St. Pete Beach 33706
Click here to see new construction listings in 33706 - 8 listings

Click here to see FIXER uppers in Pinellas County - 41 listings

Click here to see condos daily weekly rentals under $500,000 – 49 listings

Stats:
Median sale price condo $499,000
5-year average $394,200                                       

Median sale price single family $1,431,250
5-year average $782,450

Average days on market 49
5-year average 47

New listings 58
5-year average 78

New pending sales 57
5-year average 77

Final sale price vs original list price 90.3%
5-year average 94.6%

 

Thank you for taking the time to read my report.  If I left anything out that you might want to know just let me know. 

Check out my new listings here Beachwise Real Estate - Homes for Sale in Clearwater Beach

FOLLOW ME see what I’m up to Kristin Vincelli Clearwater Beach Realtor (@rollerbladingrealtor) • Instagram photos and videos

 

Call me anytime to talk 727-686-1596 about the market or just to say Hi!  Love talking with you.