Beachwise Real Estate Housing Market Update

Clearwater Beach & Pinellas County Thru Nov. 2021

Happy Holidays Everyone!  Just a little update on the market here while you enjoy the season.  In this month’s report we focused on the housing market in Pinellas County as a whole, the Clearwater Beach 33767 zip which includes Island Estates and Sand Key Beach and then the inland part of Clearwater which includes zip codes 33761, 33763, 33759, 33764, 33760, 33762, 33756, 33755. 

If there is a specific city, neighborhood, condo building or community in Pinellas-Hillsborough-Pasco County, that you would like information on please email us at Team@beachwiserealestate.com and we can customize a report for your needs.

Pinellas County
Average Sale Price
Single-family home $497,941      Up 23% YOY (Change from Nov. 2020)
Condo/townhome $373,138      
Up 15%

Average Sale Price to Original Listing Price
Single-family 98.5%
Condo/townhome 98.6%

Average Price Per Square Foot
Single-family home $288         
Up 26%
Condo/townhome $291             
Up 27%

Average Days on The Market
Single-family home 18 days 
Condo/townhome 22 days   

Active Listings
Single-family home 766       
Condo/townhome 588         

Closed Sales
Single-family home 1,143    
Condo/townhome 705         

Months of Supply
Single-family home .62%    
Condo/townhome .73%

Clearwater Beach, Sand Key, Island Estates 33767
Looking back 5 years ago the average sale price for a condo on the beach in December of 2016 was $559,700.  In November 2021 the average sale price is $897,800.  Prices for single family homes have been more sporadic due to limited closings and prices that often skew the number.  Season has started and we hope to see more sellers ready to take advantage of the higher prices by listing their homes and condos.  We believe prices will continue to rise gradually as demand for real estate here remains high and supply low.  

Average Sale Price
Single-family home $1,441,667       Up 21.7% YOY (change from Nov. 2020)
Condo/townhome $623,000           
Up 3%

Average Sale Price to Original Listing Price
Single-family 92.4%
Condo/townhome 95.6%

Average Price Per Square Foot
Single-family home $579               
Up 20%
Condo/townhome $562                 
Up 36%

Average Days on The Market
Single-family home 46 days           
Condo/townhome 33 days             

Active Listings
Single-family home 10        
Condo/townhome 64

Closed Sales
Single-family home 3                   
Condo/townhome 47                    

Months of Supply
Single-family home .72%    
Condo/townhome .50%                

Clearwater
Single-family home prices reached a new 10-year high this month to $464,514.  Total closed sales for single-family homes also reached 5-year highs.  Homes are selling fast, 21 days on average.  Factors driving the market are prices on or near the water are so high that more buyers are looking inward and finding some good deals.  There are quite a few of underdeveloped areas in Clearwater along with older homes that investors can scoop up at a reasonable price.  Clearwater downtown is experiencing a revitalization with some major redevelopment underway.  With these and other factors such as new construction and corporate relocation we see more upside on the way.

Average Sale Price
Single-family home $464,514           Up 38% YOY (Change from Nov. 2020)
Condo/townhome $244,090           
Up 19%

Average Sale Price to Original Listing Price
Single-family 98.7%
Condo/townhome 99%

Average Price Per Square Foot
Single-family home $248     
Up 28.3%
Condo/townhome $195        
Up 28.5%

Average Days on The Market
Single-family home 21 days 
Condo/townhome 19 days   

Active Listings
Single-family home 106       
Condo/townhome 133

Closed Sales
Single-family home 198        Up 16.5%     
Condo/townhome 135

Months of Supply
Single-family home .59%    
Condo/townhome .84%                

 Thank you for reading our report.  We hope you found it helpful.  Any comments you may have or just need some more info give one of us a call or text anytime.  We would love to hear from you.

Tom Smith 727-776-3375, Vivian Smith 727-688-7377, Kristin Vincelli 727-686-1596, Stephen Vincelli 727-430-1995

 Beachwise Real Estate and The Tom Smith Team is one of the most trusted names in real estate here in the Clearwater Beach area and have closed over $200,000,000 in real estate transactions.  We have been fortunate to have worked with over 400 families such as yours with great joy.  If you are thinking about buying or selling we would love to have the opportunity to help guide you.  From our family to yours we wish you plenty of success and lots of love the Christmas season and into the new year.