Special Report Housing Market Update: PRICES REACH all-time HIGHS, Pinellas County August 2024

Hello and thank you for taking a moment to read our latest housing market report for Pinellas County. We looked at cities from around the county to see where the markets are heading and where the opportunities are. If there is a city or community, you would like to know more about it, we have a lot of expert analysis waiting for you. Send us your request to stephen@beachwiserealestate.com.

What you need to know...
The housing market for Pinellas County reaching all time high sale prices again. Several cities across the county have all had price highs. Pinellas County single family homes touched all-time high this quarter at $473,000 and condos $300,000. Homes are selling relatively fast in most areas, some in less than 30 days. Inventories are rising giving buyers more leverage however there seems to be a shortage of buyers these last two months. Closings are up 1% YOY for single family and down 17% for condos. Sellers are reducing prices after 30-45 days on market with over 60% of all active listings having price reductions.

Hot Markets:
City of Clearwater, single family days on market 19 days, median price $412,500 near all-time highs, condo $229,000.
Safety Harbor, single-family all-time highs up 35% $635,000, homes sell fast 18 days and just 4 days for condos.
Gulfport, home prices just $365,000 and room to go, homes selling in just 12 days on average. Inventory up 77%.
Saint Petersburg, single family homes reached all time highs $479,900 up 7% YOY, homes selling quickly in just 20 days.
Seminole, all time price highs at $484,000 up 18% YOY
Dunedin all time price highs again, 4 months in a row.

Not So Hot Markets:
Clearwater Beach condos, average days on market 100, condo prices drop below $600,000 to $588,750 down 10.9% YOU and 20% MOM.

Real Estate Property Taxes Increasing! Very often the taxes listed in the MLS are based on a previous value. If you are thinking of buying a home use this calculator to estimate what your tax payment will be. Tax Estimator | Pinellas County Property Appraiser (pcpao.gov)

What can we expect?
Much of the same. Slow and steady growth in desirable areas. Buyers should be ready to move back into the market after the election. Pinellas County is still a highly desirable area with a huge inventory of older homes in the $250k-$450k range that are being bought up by fix and flip teams. Prices are at their peak so we may see a pull back the next few months before any new highs are reached.

Pinellas County, FL single family and condo (red)

Safety Harbor, FL
Prices at all-time highs for single family homes $635,000, up 35% YOY. Active listings are up over 100% YOY. Months of supply rose 137% YOY.
Homes are selling quickly in Clearwater: single family 19 days, condo and townhomes 48 days.
Active Listings: Safety Harbor Single Family Homes For Sale
Safety Harbor Condos For Sale

Fun things to do in Safety Harbor 13 Fun Things to do in Safety Harbor, Florida (guidedbydestiny.com)
Planning & Zoning Division | Safety Harbor FL - Official Website (cityofsafetyharbor.com)

Clearwater, FL
Prices near all time highs down 2.6% YOY. Active listings are up over 100% YOY. Months of supply rose 137% YOY.
Homes are selling quickly in Clearwater: single family 19 days, condo and townhomes 48 days.
Active listings: Clearwater Homes for Sale Beachwise Real Estate
Clearwater CONDOS for Sale Beachwise
Experience Clearwater YouTube
Rollerblading Realtor Tour of Downtown Clearwater
Planning & Development - City of Clearwater (myclearwater.com)

Gulfport - St. Pete, 33711
One of our personal favorite markets at this time. The town has a great vibe about it, very family friendly similiar to Dunedin. Single family homes at all time high up 2.2% YOY to $345,000, condos down 6% YOY. Days on the market just 12 days for single family, 38 for condos. Supply is up 77% YOY.
Active listings: Gulfport St. Pete Homes/Condos for Sale Beachwise
Your Gulfport Expert Zyon Christante
THE 15 BEST Things to Do in Gulfport (2024) - Must-See Attractions (tripadvisor.com)
Community Development | City of Gulfport (mygulfport.us)

Clearwater Beach, FL 33767 (Sand Key Beach and Island Estates)
Median sold price combined is $622,850 down 10.1% YOY. Days on market 100, up from 63 YOY. Average sold price to original list price is down to 89% from 91.6% YOU. 40 total closings down 4.8% YOY. Median sale price for condos dropped below $600,000 to $588,750 down 10.9% YOY and 20.2% MOM. Condos are staying on the market on average 107 days. Closings were down 12.8%.

Active listings: Condos for Sale Clearwater Beach
Single Family Homes for Sale Clearwater Beach
Clearwater Beach is Awesome Official Page Facebook
The BEST Clearwater Family-friendly activities 2024 - FREE Cancellation | GetYourGuide
Rollerblading Realtor Tour of Clearwater Beach

Saint Petersburg, FL all zip codes
Single family home prices reached all-time highs to $479,900 across all zip codes in St. Pete. Homes are selling in just 20 days. Median sold prices up 5.11% combined. Days on market up from 40 a year ago to 53 days. Condo prices up 30.2% YOY to $410,000. Closings also rose 14% YOY, some of the highest closing increases of the county. Condos staying on market 79 days, single family 45.

Active listings: Single Family Homes for Sale Saint Petersburg Beachwise
Saint Pete Condos for Sale Beachwise
Planning & Zoning (stpete.org)

Seminole, FL
Prices at all-time highs for single family and condos. This market has room to grow. For more information about the Seminole market contact Beachwise agent Ken Arsenault today!

Homesforsaleinclearwaterbeach.com Search Results

Dunedin, FL
Still at all time price highs $502,000 for single family homes. New pending and closings at 5-year averages. Supply up to 3.5 months.

Dunedin Homes for Sale Beachwise

Palm Harbor, FL

Palm Harbor Homes and Condos for Sale Beachwise

Congratulations on choosing a Beachwise agent to accompany and guide you on your journey to homeownership. You can rest peacefully now knowing you have someone in your corner who cares. All of us here at Beachwise Real Estate welcome you to our family and can’t wait to get started.

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We are very excited to present our new YouTube Channel. We are just getting started! This video is a Rollerblading Tour of Clearwater Beach. On the channel, we also have a tour of Downtown Clearwater. Coming soon are tours of Sand Key and Island Estates. We will be posting market updates and valuable real estate insights. Like and subscribe! We appreciate your continued support.