Clearwater Beach Condo Trends
Clearwater Beach Condos Trends / July 26, 2018
Average Price by Bedrooms
Clearwater Beach Condo Trends 2017 Overview
2017 was a banner year for condo sales on Clearwater Beach with 437 condos sold. This is almost 20% higher than the 366 sales in 2016, and also about 20% higher than the historical average. The average sale price was just over $500,000. Condos and townhomes represented over 80% of the property sales in Clearwater Beach in 2017 with single-family homes at only about 15% of the market.
Sales by Area
Condo sales were about evenly split between Sand Key with 38% of the sales, and Clearwater Beach Proper with 36% of the sales. Island Estates had 113 condo sales or about a quarter of the condo sales volume.
Clearwater Beach Condo Sales Trends by Year
The average sale price for a condo on Clearwater Beach rose dramatically from 2012 to 2015 but has leveled out over the last two years. The average condo sale price in 2017 was just over $500,000. The beachfront condos had the highest average sale price at $642,000 with Intracoastal condos averaging about a third less expensive at $445,000.
How Long Did It Take to Sell?
The average time on market for a Clearwater Beach condo in 2017 was just 135 days or a little over 4 months. This is close to a 5 year low, which was 132 days in 2015. This is indicative of the sustained high demand for beach area condos in our market.
Sales Price vs. List Price
With continued strong demand and low inventory, the sale price in 2017 was 96% of the list price. "Lowball" offers are not being accepted in today's market and, in fact, may jeopardize your chances of being taken seriously later.
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Top 10 Selling Clearwater Beach Condo Communities
Below are the Clearwater Beach condo communities with the most sales in 2017. Popular Regatta Beach Club on the northern end of Clearwater Beach tops the list with 37 sales. Regatta has always been popular due to its moderate prices for beachfront condos, great location, and assortment of amenities. Clearwater Point, on the southern end of Clearwater Beach, is second. Clearwater Point is waterfront, not beachfront, but also offers moderate prices and is an easy walk to all that Clearwater Beach has to offer. The top seller for luxury beachfront condos is Ultimar in Sand Key. Ultimar offers full-on beach views, roomy open floor plans, and top-notch amenities.
|Rank||Condo Community||2017 Sales||Average Price|
|1||REGATTA BEACH CLUB CONDO||37||$286,335|
|3||SAND KEY CONDO-SOUTH BEACH||24||$434,475|
|5||GRANDE ON SAND KEY CONDO||15||$1,061,567|
|7||ISLE OF SAND KEY 1 CONDO||14||$375,536|
|8||BELLE HARBOR CONDO||13||$761,462|
|9||CRESCENT BEACH CLUB CONDO||13||$612,681|
|10||ISLAND WALK CONDO||13||$309,146|
|11||MANDALAY BEACH CLUB CONDO||13||$1,039,721|
Highest Priced Condo Sales
Below are the Top 10 highest condo sales on Clearwater Beach reported in the Multiple Listing Service for 2017. The highest sale was a penthouse unit in The Grande On Sand Key. The luxury Residences at Sandpearl on Clearwater Beach had four of the highest sales and Ultimar on Sand Key had three.
|Rank||Condo||Sale Price||Bedrooms||Baths||Sq Ft|
|1||GRANDE ON SAND KEY CONDO||$2,900,000||4||5||5,042|
|2||RESIDENCES AT SANDPEARL RESORT||$2,695,000||3||3||2,605|
|3||RESIDENCES AT SANDPEARL RESORT||$2,600,000||3||3||2,605|
|4||MANDALAY BEACH CLUB CONDO||$2,525,000||4||3||3,500|
|5||AQUALEA RESIDENCES CONDO||$2,500,000||4||3||4,439|
|6||RESIDENCES AT SANDPEARL RESORT||$2,375,000||3||3||2,605|
|9||ULTIMAR THREE CONDO||$1,699,500||4||3||4,455|