Took this pic on the Sea Screamer, Opal Sands in background.
What you need to know
Prices appear to be stabilizing across the county and on the beaches. County wide the average time it takes for a home to go pending is just 15 days and the average price a home is sold for compared to its listing price is 101.3%. Will that trend continue? With interest rates rising and slower economic growth we are expecting a slowdown in home prices in the months to come. It is important to note that real estate on the beach and near the water is not impacted as much as real estate inland in these types of situations. Sellers who have been on the fence waiting for a top will most likely get off that fence so we may see more listings over the next 3-4 months. There is no shortage of buyers still hoping to own real estate in this beautiful part of the state so any chances of a major correction to prices is unlikely at least for now. If you have a specific area or community you would like a market report on email stephen@beachwiserealestate.com today.
Click on these links to see today’s active listings for:
Daily and weekly rental condos on the beach
Condos on the beach under $500k
Single family homes under $500k
Clearwater Beach
33767 zip code includes Sand Key Beach and Island Estates
Median Sale Price Condo’s- $665,000 down 5.0% from February 2022, up 26.0% from March 2021
Median Sale Price Single Family Homes- $1,487,500 up 6.4% from March 2021
Total Closed Sales – 70 up 29.6% from February, down 14.6% from March 2021 (62 condo closings and only 8 single family residence closings)
New Listings- 64 up 42.2% from February, down 4.5% from March 2021
Average Days Home is on the Market- 25
Sold Price to Original Listing Price- 97.6% down 1.3% from February, up .6% from March 2021
2-Year Price History Graph Condo (RED) and Single Family (PURPLE)
St. Pete Beach
33706 zip code includes Treasure Island
Median Sale Price Condo’s- $536,612 up 31.8% from February 2022, up 29.8% from March 2021
Median Sale Price Single Family Homes- $1,212,500 up 49.7% from March 2021
Total Closed Sales – 61 up 41.9% from February, down 43% from March 2021 (39 condo closings and 22 single family residence closings)
New Listings- 62 down 20.5% from February, down 38.6% from March 2021
Average Days Home is on the Market- 18
Sold Price to Original Listing Price- 98.2% down .6% from February, up 1.8 % from March 2021
2-Year Price History Graph Condo (RED) and Single Family (PURPLE)
We loved the sugar sand festival! Some amazing artists.
Kristin Vincelli 727-686-1596, Kristin@Beachwiserealestate.com
Tom Smith 727-776-3375, Tom@Beachwiserealestate.com
Vivian Smith 727-688-7377, Vivian@Beachwiserealestate.com
Stephen Vincelli 727-430-1995, Stephen@Beachwiserealestate.com