The Tom Smith Team Real Estate Market Insight Report August 2020
Clearwater Beach-Island Estates-Sand Key Beach - 33767
Sunset picture Clearwater Beach August 2020
What you should know:
Demand remains exceptionally high for this market and buyers are moving quickly on homes that are move in ready. The average days on the market is 61 down 32% year over year. The median days on the market was just 14 days, down 78% year over year.
Looking forward key metrics are all positive; new listings 78 up 27.87%, new under contracts 75 up 47.06%, and new pending sales 79 up 54.90%.
The average sold price for single family homes was $840,809 representing a decrease of 34% from July. We expect single family home prices to increase due to the amount of new pending sales getting ready to close. The condo market held steady. The average sold price was $571,387 down just .04% from $573,676 in July.
There are still Beachfront condos under $500,000, click here to see what is available.
SINGLE FAMILY HOMES August 2020
- The average sale price $840,809
- Price per square foot $369
- Months of supply 3.65
- Closed sales 11
- Homes are selling for 96.9% of list price
Average sale price SINGLE FAMILY HOMES only 3 year history
CONDOS/TOWNHOME August 2020
- The average sale price $571,387
- Price per square foot $417 up 17.5%
- Months of supply 4.44
- Closed sales 49
- Homes are selling for 96.1% of list price
Average sale price CONDOS only 3 year history
Interested in owning a home but not able to make it to the area? Let us help guide you through the virtual showing and closing process. Our experience and expertise help make the buying or selling process smooth and easy.
Thank you for visiting our housing market report page. This market insight report is brought to you by The Tom Smith Team Coastal Properties International. The Tom Smith Team is ranked in the top 1% of agents in Pinellas County with over $100,000,000 in real estate closings. See you at the beach!
