Clearwater Beach, Sand Key Beach, Island Estates Housing Market Report March 2021
Provided to you by The Tom Smith Team, top 1% of all agents in Pinellas County.
What you should know:
CONDO and TOWNHOME
The condo and townhome market remain the most active in the 33767 area. Multiple offers and bidding wars are now common on most units listed. Out of the 82 total closings 76 of them were attached units. The average sale price of $648,349 is up 15.3% YOY. However, prices declined from 10-year highs in February when the average sale reached $823,609. The graph below shows the average price over the last 3 years. Prices are testing the ceiling and could break through to a higher range if demand continues to remain strong. The median days that a unit is staying on the market is down to just 32, a 32% decline YOY. New listings were up 20.8% YOY despite inventory levels at 10-year lows.
SINGLE FAMILY
Closed sales in March were down 45% YOY to just 6 units. The average sale price was $1,819,846 up substantially from February’s average of $1,103,750. In March of 2020 the average sale price was $1,068,070. New listings declined 50% YOY to just 3 units. Homes are staying on the market an average of 57 days down 57% YOY.
In summary if you are a buyer in this market conventional methods of negotiating have changed. Bidding wars and multiple offers on the same day the home is listed is the norm. Using alternative strategies is the key for being successful. If your time to buy is now I would like to set up a time to talk and show you how I can help you succeed in getting to the closing table on the home of your dreams. Call Tom Smith 727-776-3375 or Kristin Vincelli today at 727-686-1596. Through hard work and a dedication to excellence in all we do for our clients we can proudly say we are in the top 1% of all agents in Pinellas County.
Popular links:
safety guidelines for COVID 19
Clearwater Beach COVID-19 Safety Guidelines | City of Clearwater, FL (myclearwater.com)
New development plan for downtown Clearwater.
Imagine Clearwater | City of Clearwater, FL (myclearwater.com)
