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 beachfront condos had the highest average sale price at $660,000 with Intracoastal condos averaging about a 25% less expensive at $482,000.

Clearwater Beach Condo Average Sales Price Trends 2018

How Long Did It Take to Sell?

The average time on market for a Clearwater Beach condo in 2018 was a very low 127 days or a little over 4 months. This is a 6 year low, with the next lowest point 130 days in 2017. This is indicative of the sustained high demand for beach area condos in our market.

Clearwater Beach Condos Average Days on Market 2018

Sales Price vs. List Price

With continued strong demand and low inventory, the sale price in 2018 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.

Clearwater Beach Condos Sales Price to List Price 2018

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Top Selling Clearwater Beach Condo Communities

Rank

Condo Community

2018 Sales

Average Price

1

REGATTA BEACH CLUB

30

$316,100

2

SAND KEY CONDO-SOUTH BEACH

27

$491,211

3

CLEARWATER POINT

25

$310,236

4

ULTIMAR

25

$797,696

5

BELLE HARBOR

20

$897,438

6

DANS ISLAND ON SAND KEY

17

$632,369

7

ISLAND WALK

15

$303,094

8

ISLE OF SAND KEY

11

$383,945

9

MANDALAY BEACH CLUB

11

$958,523

10

440 WEST

10

$448,200

11

CRESCENT BEACH CLUB

10

$680,150

12

PELICAN POINTE

10

$170,800

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