The Don CeSar on St. Pete Beach
Summary St. Pete - Treasure Island Housing Market 33706 area
Overall the St. Pete Beach market remains in high demand. All key metrics are up this month except for the average price of an attached home (condo/townhome) which was down 5.2% from August of 2019. Total volume of sales combined is up 31.48% to 55million. Average sale price of single family homes are up 20.41% to $939,909. Properties are selling for 94.4% of list price up 2.43%.
Looking forward new listings are up 29% to 93, new contracts are up 78.33% to 107. With this much activity we should see prices continue to move higher in the single family market. For condos we will have to wait and see if there is a leveling off in process.
SINGLE FAMILY
- Prices for single family homes up 20.41%
- Average days a home is staying on the market is 79 days, 6% lower than the average
- New contracts are up 68.8% month over month (MOM)
- Supply continues to decline to just 37 active units
CONDO/TOWNHOME
- The median price of an attached property declined 2.9% from July to $335,000 but was up YOY 4.2%
- Homes are staying on the market on average of 101 days, 15% above the 5 year average of 88
- New contracts are down 15.5% MOM
- Supply declined 2.6% to 113 active units
Condo (red) and Single Family (purple) 2 year price average
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