My team and I put together this report to help keep you in the know with this crazy housing market.  With all the negativity around real estate I wanted to look at what was really happening on the beaches, so we picked out four zip codes to analyze. When market conditions shift like this having the guidance and expert advice of a top agent who understands the area is more important than ever.  I am grateful to have the opportunity to assist you in your real estate journey here on the beautiful beaches of Pinellas County!  


Pic from a condo I listed at Sunset Vistas

Clearwater Beach, Island Estates, Sand Key Beach, Belleair Beach 33767
Total Sold Dollar Volume $28,604,200 up 4.7% MOM (month over month)
Closed Sales 26, up 4% MOM
Median Sale Price Single Family Home $1,787,500, up 13% MOM
Median Sale Price Condo $712,500, up 11% MOM
Average Days on Market 33, Up 17.9% MOM
Final Sale Price from Original Listing Price Single Family 97% up from 92% August
Final Sale Price from Original Listing Price Condo 95% up from 92% August
Months of Supply Single Family 3, up 40% YOY
Months of Supply Condo 2.38, up 82.4% YOY

Indian Rocks Beach, Indian Shores Beach 33785
Total Sold Dollar Volume $16,089,466, down 20.4% MOM
Closed Sales 20, down 9.1% MOM
Median Sale Price Single Family Home $1,125,000, down 34.9% MOM
Median Sale Price Condo $718,000, down 4.3% MOM
Average Days on Market 24, Up 4.4% MOM
Final Sale Price from Original Listing Price Single Family 90.4%, down 11% MOM
Final Sale Price from Original Listing Price Condo 95.8%, down 1.4% MOM
Months of Supply Single Family 2.80, up 460% YOY
Months of Supply Condo 1.83, up 83.3% YOY

Redington Shores, Redington Beach, Madeira Beach 33708
Total Sold Dollar Volume $23,158,200, down 52.2% MOM
Closed Sales 34, down 43.3 MOM  
Median Sale Price Single Family Home $678,000, down 9.3% MOM
Median Sale Price Condo $379,000, down 25.8% MOM
Average Days on Market 26, up 62% YOY
Final Sale Price from Original Listing Price Single Family 94.4%, down .9% MOM
Final Sale Price from Original Listing Price Condo 93.8%, down 2.4% MOM
Months of Supply Single Family 2.42, up 59.1% YOY
Months of Supply Condo 2.06, up 225.3% YOY

Treasure Island, Sunset Beach, Boca Ciega, Bahia Shores, Saint Pete Beach 33706
Total Sold Dollar Volume $28,518,500, down 5.6% MOM
Closed Sales 38, down 5% MOM  
Median Sale Price Single Family Home $1,050,000, up 9.1% MOM
Median Sale Price Condo $554,000, up 38.5% MOM
Average Days on Market 32, up 68.4% YOY
Final Sale Price from Original Listing Price Single Family 90.7%, down 1% MOM
Final Sale Price from Original Listing Price Condo 94.4%, down .3% MOM
Months of Supply Single Family 2.45, up 70% YOY
Months of Supply Condo 1.95, up 106.3% YOY

Pinellas County all cities
Total Sold Dollar Volume $627,464,892, down 23.6% MOM
Closed Sales 1,352, down 20.8 MOM  
Median Sale Price Single Family Home $410,000, down 3.6% MOM
Median Sale Price Condo $554,000, up 2% MOM
Average Days on Market 24, up 15% YOY
Final Sale Price from Original Listing Price Single Family 95.1%, down .8% MOM
Final Sale Price from Original Listing Price Condo 95.7%, down .6% MOM
Months of Supply Single Family 1.67, up 108% YOY
Months of Supply Condo 1.78, up 125% YOY

In summary: We are about 4 months into the shift and what do we know?  Clearwater Beach is still the top place to be with home prices increasing month over month.  Months of supply is getting back to pre-covid levels increasing as much as 460% in some areas along the beach.  Time to contract is lengthening but homes are still going under contract quickly.  Closings are down in most areas and county wide as buyers struggle with rising rates and the uncertainty of where this market will finally find a support level to rest on.  

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See you on the beach!