Indian Rocks Beach, Indian Shores Market Report March 2021
Provided to you by The Tom Smith Team, Top 1% of agents in Pinellas County.
What you should know:
CONDO and TOWNHOME
The condo and townhome market remain the most active in the 33785 area. Out of the 51 total closings 38 of them were attached units. The average sale price of $614,720 is up 5.8% YOY. In February, the average price was $685,500. Like the Clearwater Beach area, prices are testing the ceiling looking to either correct or break through to a higher range. The median days that a unit is staying on the market is down to just 10 days, a 68.8% decline YOY. Multiple offers and bidding wars are now common on most units listed. New listings were up 3.5% to 30 YOY while supply remains at all time lows of less than one month available.
SINGLE FAMILY
Closed sales of single-family homes hit a 3 year high of 13. New pending’s were up 57% and new listings up 25% to 10. The average sale price of $900,392 is up 55% YOY and still has room to grow, see graph below. Homes are staying on the market an average of 25 days and the average price per square foot is up 12.3% YOY to $650.
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 now 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 for IRB:
Indian Rocks newsletter from the 1st quarter CITY NEWSLETTER-1ST QTR-2021.pdf (indian-rocks-beach.com)
City parks Park Locations (indian-rocks-beach.com)
