The Tom Smith Team Real Estate Market Insight Report July 2020
St. Pete Beach-Treasure Island
The St. Pete Beach, Treasure Island housing market continues its positive momentum. Demand is high and inventory low so the market is in the sellers favor. The supply of single family homes dropped 48.9% in July to 1.95 months while prices increased on average 16.7% year over year. Closed sales were up 16.7% while active listings are down 6.5%. The average days on the market for a single family home is 36 days. For attached homes (condo/townhome) the months of supply dropped 4% to 3.05. The average sale price for attached homes actually dipped 2.1% while closed sales were up 16.7% year over year.
What To Know
- The average sale price of a single-family home was $839,668. The highest its been in the last 10 years was June 2017 $1,068,000. For attached homes (condo/townhome) the avg. sale price is $371,132. 10 year highs for attached homes was Jan 2017 $459,128.
- Single family homes are selling for 93.7% of the original listing price, attached homes 95.1%.
- Months’ supply of inventory for single family homes is just 1.95 months, attached homes 3.05%.
- There were 37 closings of single-family homes and 56 attached home closings in July
- In July there were 43 active listings for single family homes and 116 for attached
Average Sale Price Quarterly
Quarterly Single Family (purple) Condo/Townhome (red)
Closed Sales Quarterly
Quarterly Single Family (purple) Condo/Townhome (red)
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