The Clearwater Beach Housing Market Report November 2020

The average sale price of a condo is at 10-year highs and climbing, see graph below.  Low inventory coupled with high demand for property on the beautiful beaches of Clearwater are fueling this market.  Sellers are getting up to 96% of original listing price with homes of all types selling in just days.  Condos located on the beach are pushing average prices close to the $750,000 mark.  Clearwater is still open for business, so we do not expect to see a decline in demand anytime soon which could keep pushing prices higher for all home types in the 33767 area. 

What you should know Clearwater Beach 33767

·         Total sold dollar volume is up 95.58% YOY, from $25,458,275 to $49,792,075.

·         Average sale price of a condo-townhome is up 35.32% YOY, from $520,649 to $704,565.

·         The average sale price of a single-family home is up 6.89% YOY, from $1,108,032 to $1,184,427.

·         Closed sales are up 58.54% YOY from 41 to 65.

·         Homes are selling for 95.6% of the original listing price

Looking forward

·         Pending sales for all home types are up 41.6% YOY to 143

·         Active listings are down 44% YOY to 140

·         Inventory for all home types are down 50.7% YOY to 2.80 months of supply

GRAPH average sale price 10 year history for condos in Clearwater Beach

In a hot market like this finding a top agent to help guide you through the buying/selling process could save you thousands of dollars, time and frustration of missing out on the home of your dreams.  We would love to share our local market knowledge and real estate expertise with you today.  Call or text Tom Smith at 727-776-3375 or Kristin Vincelli at 727-686-1596.  

The “under the hood” real estate insight report for the Clearwater Beach area is brought to you by the Tom Smith Team Coastal Properties International.  The Tom Smith Team has sold and closed over $175,000,000 in real estate and consistently ranks in the top 1% of all agents in Pinellas County Florida. 

 

Clearwater Beach sunset pic taken by the Rollerblading Realtor Kristin Vincelli November 2020

See you on the beach!