Key stats and what you need to know about the 33767 area for Sept. 2022. Insight and analysis from the team at Beachwise Real Estate.
Sand Pearl 2022
Summary- considering the price reductions in other parts of the state and nationwide the Clearwater Beach market is holding steady. Closings are down a bit due to buyers either getting priced out of the market from interest rates or just sitting back and seeing where prices will end up after this correction. Sellers are realizing now things are getting back to a more normal pace and homes will sit on the market a little longer. The big takeaway here is that homes that have been fully updated are still getting top dollar and moving quickly. With more buyers looking to move to the area every day and inventory rising we can expect more of the same over the next few months as the market shift continues.
Closed sales history 3-Years Single Family (Purple) and Condo (Red) 33767
Price Trends 3-Year History Single Family and Condo 33767
CONDO update 33767
Closings 18, - 54% from one month ago, -57% year over year
Median sale price $639,000, - 8% from previous month of $690,000
Active listings 84, + 40% YOY
Average sale price to original listing price 92.8%, - 6% MOM and -5.6% YOY
Average days home stays on market 20, up from 6 in July
Months of supply 2, up 80% YOY and up from 1.73 months in July
Single Family Home update 33767
Closings 7, no change YOY
Median sale price $1,550,000, up 22% from 1,275,000 previous month, up 19% YOY
Active listings 19, up 26.7% YOY
Average sale price to original listing price 92.8%, down from 96.7% previous month
Average days home stays on market 29, up from 17 previous month
Months of supply 3.17, up 47% YOY
NEW! More about Clearwater Beach – a look at some developments that could impact real estate in the Clearwater area
Check out this short video of why more and more businesses are choosing Clearwater Beach – Why Businesses Choose Clearwater
The city of Clearwater is in the planning stages for building THE FESTIVAL CORE, a planned community gathering space, as part of the ongoing Cleveland Streetscape construction project at Cleveland Street and Gulf to Bay Blvd. Link to web page Cleveland Festival Core
UPDATE Imagine Clearwater Downtown Development
The Imagine Clearwater Master Plan is coming to life. Imagine Clearwater is an investment in the redevelopment of Downtown Clearwater and its waterfront – including construction of a new 4,000-seat covered bandshell in Coachman Park – that will be a must-see destination point in the Tampa Bay area. Designed to connect the waterfront and the Downtown Clearwater community, Imagine Clearwater includes an expansive park and recreational spaces, a gateway plaza and bluff walk that connects the park to downtown, a bay walk promenade overlooking the Intracoastal Waterway, a lake area with picnic shelters, and an ocean-themed play area with an interactive pop-jet water feature. The additions to Coachman Park also include the bandshell which will accommodate a year-round performance schedule that promises to continue the city of Clearwater’s reputation as a premier location for diverse live entertainment. Construction has already started Imagine Clearwater Downtown Development
OPPORTUNITY ZONE PROGRAM
Opportunity Zone Program City of Clearwater (myclearwater.com)
Located in the heart of Tampa Bay's robust market, the city of Clearwater, Florida stands out for its vibrant business community, supportive city leadership, family-friendly environment, extensive indoor and outdoor activities, and untapped opportunities.
Beautiful Pic of Sunset Before Hurricane Ian Arrived
See you on the beach!
Thank you for taking the moment to read our monthly housing report. We hope you have found it helpful. Beachwise Real Estate ranks in the Top 1% of Realtors in Pinellas County out of 10,000 realtors with over $200 Million sold! If you're thinking about buying or selling, work with the best in Pinellas County. Put our experience to work for you!
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Download Kristin's e-book The Clearwater Beach Real Estate and Condo Guide 2022
Kristin and Stephen Vincelli, 727-686-1596
Tom and Vivian Smith, 727-776-3375