The Current State of the Housing Market
Clearwater Beach, Sand Key, Island Estates
Supply for homes and condos are still the challenge. There are only 6 active single-family homes and 46 condos listed as of today. Prices are also starting to level off at a top. Demand for the area will keep the prices steady. Condo prices only rose 2.3% year over year. Demand for beach property is still hot. Recent listings of mine have all went under contract in less than 5 days with full price offers plus some.
*New listings rise by 8% from a month ago and up 3.8% year over year. As of today, there is only 1 single family home listed under 1-million and just 6 condos listed under $500k.
*SEE 5 YR PRICE CHART BELOW. Median price of a single-family home is $1,027,500 up 16% year over year. There were 6 single family closings this month and only 68 total in the last 12 months. Single family homes stay on the market on average is 79.
*Median price of a condo is $634,425 up 2.3% year over year. There were 54 closings this month and 613 closings in the last year. The average days on the market for condos is 10.
For Pinellas County as a whole - Single family homes (sfr) in Pinellas County sold for $395,000 up 24% from $318,500 one year ago. Condos and Townhomes sold for $277,500 up 34.5% from $206,250 one year ago. Inventory for SFR fell 34.8% to 897 homes for sale from 1,376 a year ago. Condo and townhouses fell 54.2% to 697 units for sale down from 1,522 a year earlier. The total sales for SFR were 1,232 down .8% from a year earlier 1,242. Condos and townhouses saw a 1.7% increase in closed sales up to 862 from 848 a year earlier.
Click on these links to see the new listings!
All New Construction homes and condos on the beaches click here - New construction on the beaches all property types up to 5million
See all condos listed now under $500,000 on the beach click here - Condos on the Beach or Intracoastal UNDER $500K Clearwater to St. Pete
See all short-term rental Condos and Townhomes on the beaches Clearwater to St. Pete click here - Daily and weekly rental condos on the beach all prices
See all active Fixer Uppers for all Pinellas County here – Fixer Upper Homes Pinellas County all prices investor specials
5 YEAR PRICE TREND Clearwater, Sand Key, Island Estates
Purple - Single Family
Red - Condo
5 YEAR PRICE TREND Pinellas County
Purple - Single Family
Red - Condo
Why we use the median sale price metric. It is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time.
Thank you for considering Beachwise Real Estate and The Tom Smith Team. We have sold over $200,000,000 and consistently ranked in the top 1% of all agents in Pinellas County. Our team’s extraordinary sales success is a result of our foundation which is built on trustworthiness, responsiveness, local market knowledge and a good reputation in the community.
We would love to know more about your real estate needs and show you how we can help you achieve your dreams of selling or buying a condo on the beach or a home in Pinellas County. We are always available to take your call.
Tom Smith 727-776-3375
Vivian Smith 727-688-7377
Kristin Vincelli 727-686-1596
Stephen Vincelli 727-430-1995
See you on the beach!
