St. Pete Beach, Treasure Island Housing Market Report March 2021

Housing Market Report March 2021 for the St. Pete Beach, Treasure Island 33706 area is
provided to you by The Tom Smith Team, Top 1% of agents in Pinellas County.

What you should know:

CONDO and TOWNHOME
The Condo/Townhome market is set to be the hottest market on the beaches of Pinellas County.  Although most of the attached units are older, smaller conversion buildings buyers can still afford to get into the market much easier here than an Indian Rocks or Clearwater area.  Out of the 107 total closings in this market 74 of them were attached units.  The average sale price of $433,134 is up 18.9% YOY and just short of the ten year high of $471,438 that we saw in February 2021.  Even in this market we also see prices 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 25 days, a 19.4% decline YOY.  New listings are up 24% YOY to 64 while new pending’s are at 10-year highs to 87 up 112% YOY.

SINGLE FAMILY
All key data points in March were very positive for the single-family home market here.  Closed sales jumped 37.5% YOY from 22 in February to 33 in March.  New pending’s were up 72% to 38 and new listings remained the same YOY with 34.  The average sale price of $1,035,179 is up 29.7% YOY and is just shy of the 10 year high of $1,068,000 that took place in 2017.  Homes are staying on the market just 7 days from listing, a decrease of 90.5% YOY. and the average price per square foot is up 55% YOY to $539.

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:

Vision 2030 | St. Pete Beach, FL (stpetebeach.org)

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