Market Updates

Price Trends - Beachfront Condos For Sale In Florida 2021

People often ask us to compare the markets compare for beachfront condos for sale in Florida.

So we pulled market numbers for beachfront condo sales for Florida Gulf Coast condos sold in 2021 for three popular markets: Clearwater Beach, St Pete Beach, Longboat Key, and Siesta Key. All of these areas have beautiful oceanfront condos for sale in Florida.

Below are the unit sales for beachfront condos in each market. As you can see on the top line of the graph, Longboat Key consistently has the most sales of beachfront condos for any beach in the nearby area.

Florida Beachfront Condos Sales Trends For 2021

Based on ten-year data, Longboat Key consistently had the highest number of beachfront condo sales followed by Siesta Key. Clearwater Beach and St Pete...

Market Update For St Pete Beach Condos 2021

Overview

Jami McAfee Our St Pete Beach ExpertAs was the case in a lot of our Gulf Coast markets, 2021 was a record-breaking year for St Pete Beach condo sales. There were 321 condo sales for St Pete beach in 2021 at an average price of over $470,000. This was the most active year in the last 10 years. Below is an overview of what we think are the important aspects of what happened in the St Pete Beach market. In our summary at the end, we also attempt to give you an idea of what this might mean to you as a condo buyer.

Number of Sales

There were a record-breaking 321 condo sales in St Pete Beach in 2021. This is 40% higher than the prior 9-year average of 228 condos sold per year. This is 15% higher than 2020 when 280 condos were so sold. There has been much discussion about the extremely low inventory of condos in our area which is absolutely true. But as you can see from the graph the low inventory is a function of extremely high buyer demand not lack of sellers.
Number of Sales For St Pete Beach Condos By Year

Average Sale Price By Year

The average sale price for a condo on St Pete Beach has risen dramatically from about $266,000 in 2012 to over $470,000 in 2021. This represents over a 6% annual compounded increase in condo prices over the past 10 years. As you can see on the graph, recent increases in price are more dramatic than...

Clearwater Beach Condos Market Update 2021

Overview

2021 was a record-breaking year for Clearwater beach condo sales. With 246 sales for an average price of over $800,000, this was the most active year in recent history. Below we go over some of the most important details of what happened in the Clearwater Beach market and attempt to give you an idea of what this might mean to you as a condo buyer. 

Number of Sales

There were an amazing 246 condo sales in Clearwater Beach in 2021. This is 50% higher than the 10-year average of 160 condos sold per year. The next highest sales year in recent history is back in 2017 when 188 condos were so sold. There has been much discussion about the extremely low inventory of condos in our area which is absolutely true. but as you can see from the graph the low inventory is a function of extremely high buyer demand not lack of sellers.
Clearwater Beach Condo Sales By Year (2021)

Average Sale Price By Year

The average sale price for a condo on Clearwater Beach has risen dramatically from about $400,000 in 2012 to over $800,000 in 2021. This represents over a 7% annual compounded increase in condo prices over the past 10 years. As you can see on the graph, recent increases in price are more dramatic than ever.

One of the implications of this dramatic rise in prices is that Competitive Market Assessments that base offers only on “comparable” sales are not really really good tools to make offers in this market. This kind of analysis...

VIDEO UPDATE - Clearwater Beach Condo Sales - First Six Months 2021

Are you interested in buying a Clearwater Beach condo and wondering what is going on in the market? What are the pricing trends? Are sellers negotiating on low offers? What is the difference in cost between a 2 bedroom condo and a 3 bedroom? How much can I save by getting a waterfront condo instead of a beachfront condo?

Learn the answers to these and other questions in the video below.

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Clearwater Beach Condo Price Comparisons

Condo sales prices on Clearwater Beach vary dramatically depending on location, water views, age of the building, upgrades, amenities, and many other factors. We created the chart below to give you a ballpark idea of how Clearwater Beach condo prices vary by water views and the number of bedrooms. The Intracoastal condo prices are in light blue, and the Beachfront condo prices are in dark blue.

Average Clearwater Beach Condo Prices Sept 2020

As you can see in the above graph, the sale price varies dramatically by view. The Intracoastal condo prices are about 30% to almost 50% lower than beachfront condos. The other big factor is the number of bedrooms. One-bedroom units, on average, are about 30-40% lower than two-bedroom units with similar water views. And three-bedroom units are around twice the price of two-bedroom condos.

Condo prices also vary dramatically by area, so please be sure to contact an experienced local real estate professional as you begin your condo buying journey. You can see all prices for all the latest Clearwater Beach condos for sale on our website.

We hope you found this write-up on the Clearwater Beach condos for sale useful and informative. Please give us a call at 727-619-2799 if one of our beach experts can help you in any way.

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Pinellas Residential Sales Trends - August 2020

We've had a lot of inquiries about property values here in Pinellas County. So we decided to pull statistics on the sales trends for the last 10 years. 

Below is the average price trend for residential properties in Pinellas County for the past 10 years. The bar for 2020 is as of August 27, 2020. While we can't predict the future, historically, sales prices in Florida have increased over time. Florida is known for its great weather, beaches, theme parks, fun things to do, absence of a state tax which has led to a consistent influx of residents

Pinellas Residential Sales Trends By Year

Pinellas Residential Properties Sales Trends (August 2020)

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Tampa Bay Area Market Update June 2020

The Market is Hot!

For the Second Quarter of 2020, the average Continuous Days on Market (CDOM) for the greater Tampa Bay area was a very short 30 days. What that means is from the time the property was first listed to when it went under contract, was only 30 days.

For the Second Quarter, the Sale Price was a record high 99% of the current Listing Price in the Multiple Listing Service (MLS). This is a 10-year record high.

Area

CDOM

SP/LP Ratio

 Tampa Bay

30

99%

 Pinellas

21

98%

 Hillsborough

23

100%

 Pasco

25

99%

 Hernando

20

99%

 *1...

Is Florida On Sale? (April 2020)

Want to know what is happening in the Pinellas beach area condo market in early 2020? What are the price trends? What is the market saying/

Watch this to find out.

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St Pete Beach Condo Trends

St Pete Beach Condo Trends 2018

St Pete Beach had another strong year for condo sales, with 229  condo sales in 2018. This is the second highest number of sales in the past 10 years. Average prices were also up about 5% over 2017 and about 8% over the last 5 years.  Average days on market was also the lowest in five years showing continued high demand for condos in St. Pete Beach. Learn about all the details below. Or go right to the St. Pete Beach condos for sale.

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Middle Beach Condo Trends

Middle Beach Condo Trends 2018 Overview

As with Clearwater Beach, 2018 was another banner year for condo sales on the Middle Beaches of Pinellas with 586 condos sold. This is about 7% higher than the 550 sales in 2017, and a whopping 30% higher than the historical average. The average sale price was $490,000 which is up 6% from 2017. Condos and townhomes represented 80% of the property sales in the Middle Beach area in 2018 with single-family homes at only about 20% of the market.

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Clearwater Beach Condo Trends

Clearwater Beach Condo Trends 2018 Overview

2018 was another banner year for condo sales on Clearwater Beach with 445 condos sold. This is higher than the 437 sales in 2017, and also about 20% higher than the historical average. The average sale price was $539,000. Condos and townhomes represented 86% of the property sales in Clearwater Beach in 2018 with single-family homes at only about 14% of the market.

Sales by Area

The most sales were in Sand Key with 40% of the sales, and Clearwater Beach Proper with 35% of the sales. Island Estates had 108 condo sales or about a quarter of the condo sales volume.

Clearwater Beach Condo Sales by Area 2018

Clearwater Beach Condo Sales Trends by Year

The average sale price for a condo on Clearwater Beach in 2018 was up 4% over the 2017 average of $517,000. The ...

Sand Key Condo Trends 2018

Overview

2018 was another busy year or year for real estate and condos on Sand Key. There were a total of 185 condos sold for an average price of $616,000. The $616,000 price mark is the highest average price in recent history. Due to low inventory, the average days on market was just 133 days. The average sale price was 96% of the list price. Sand Key condo sales represented 41% of all the sales in the Clearwater Beach 33767 zip code in 2018.

Sand Key Condo Sales Trends By Year

As shown in the graph below, the average sale price for condos on Sand Key has risen to just over $616,000 in 2018. This is 8% higher than the $573,000 average in 2017. The five-year price increase trend for Sand Key condos is a little over 5% per year.

Sand Key Condo Price Trends 2018

How Long Did It Take To Sell?

Sand Key condos had an average time on market of just 106 days in 2018 or about 3 1/2 months. As you can see in the graph below this is much lower than it was just a few years ago, indicating high demand. 

Average Days on Market for Sand Key Condos

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Island Estates Condo Trends 2017

Overview

Call Cindy2017 was a banner year for condo sales on Island Estates. There were 129 units sold which is the second highest number in the past 10 years. Only in 2015, with 135 sales, were there more condo sales. The average sale price of $350,000, was also the highest it has been in recent history and was 13% higher than in 2016. Average days on market was 138 days, or a relatively low 4 and 1/2 months.

Call Cindy, our Island Estates expert at 727-466-7344 if you have any questions or if we can help in any way.

Island Estates Condo Sales Trends By Year

As shown in the graph below, the average condo sale in 2017 on Island Estates went for $350,000. This represents an upward trend of almost 8% percent per year since 2012.

Island Estates Condo Sales Prices by Year

What Price Points Are Selling The Most?

Almost half of the condos sold on Island Estates in 2017 ranged in price between $250,000 and $500,000. About a quarter of the sales were under $250,000, and only about 20% were over half a million dollars.

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Indian Rocks Beach Condo Trends

Indian Rocks Beach Condo Trends 2017

Heloise Povey2017 was a busy year for real estate on Indian Rocks Beach. There were 139 condo sales during 2017 which is the highest number in the last 10 years. The average sale price for an Indian Rocks Beach condo in 2017 was $432,000 which is about on par with the $444,000 average in 2016. With low inventory, average days on market was only 83 days, or less than 3 months. This is less than half the 190 days it took back in just 2014. Condo sales prices averaged 97% of the listing price, again reflecting the high demand and low inventory of condos in Indian Rocks Beach.

See all the details below or give me a call at 727-515-1418 if you have any questions, or if I can help in any way.

Indian Rocks Beach Condo Sales Trends By Year

As shown in the graph below, the average price for an Indian Rocks Beach condo was $432,000 in 2017. This is about 3% lower than last year, but almost 20% higher than it was in 2015.

Indian Rocks Beach Condo Prices by Year

How Long Did It Take To Sell?

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