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Indian Rocks Beach Condo Trends

Indian Rocks Beach Condos Trends / July 26, 2018
34
Listed
0
New Today
$550,000
Med. List Price

Market Snapshot

Total Properties:34
MoM Change:-5.56%
Avg Days On Market:104
Median List Price:$550,000
MoM Change:0.01%
Highest List Price:$1,079,000
Lowest List Price:$150,000

Typical Property

Condos:2.29 Beds
2.29 Baths
List Price:$521,250
Price per SqFt:$358.12
Price Reduction:-2.00%

Average Price by Bedrooms

1 Bedroom:$233,300
2 Bedrooms:$460,905
3 Bedrooms:$679,127
4 Bedrooms:$795,000
5 Bedrooms:No Listings

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?

The average Indian Rocks Beach condo sold in a very short 83 days, or less than 3 months. Back in 2014 it was a little over 6 months to sell an IRB condo. We are seeing sustained buyer demand, and low inventories in all of our Gulf Coast beach areas.

Average Days on Market for Indian Rocks Beach Condos

Sales Price Vs. List Price

As shown in the graph below, the ratio of sales price to list price has remained high at about the 97% level for the past three years.

Indian Rocks Beach Condo Sales Price to List Price 2017

Indian Rocks Beach vs. Clearwater Beach and Sand Key

The average sale price for an Indian Rocks Beach condo in 2017 was about 14% lower than the average price on Clearwater Beach, and a whopping 24% lower than a condo on Sand Key.

Indian Rocks Beach Condo Prices vs Clearwater Beach and Sand Key 2017

What This Means To Buyers

There are still some good values on Indian Rocks Beach, especially as compared to Clearwater Beach and Sand Key. Buyers need to be prepared to move quickly given low inventory and continued demand. It's important to have your proof of funds ready to go, or your pre-approval letter when you're ready to buy. It's also helpful to work with an experienced local agent who specializes in your area of Interest.

Top 3 Selling IRB Condo Communities

The new Harbourside at Marker 33 waterfront condo community had, by far, the most sales in 2017 followed by the lower priced and always popular Windrush Cove community.

Rank Condo Community 2017 Sales Average Sales Price 
1 HARBOURSIDE AT MARKER 33 29 $438,883
2 WINDRUSH COVE PH 1 CONDO 10 $178,750
3 COVE AT INDIAN ROCKS BEACH 5 $601,800
3 HIDDEN HARBOUR 5 $382,000

Highest Priced Condo Sales In Indian Rocks Beach In 2017

The highest priced condo sold on Indian Rocks Beach in 2017 was a 2,660 sq ft, 3 bedroom, 2 bath beachfront condo in Scopello. The next two highest were beachfront units at the Da Vinci.

Rank Subdivision Close Price Beds Full Baths Sq Ft
1 SCOPELLO CONDO $1,295,000 3 2 2,660
2 DA VINCI CONDO $1,100,000 2 3 2,584
3 DA VINCI CONDO $910,000 3 3 2,400
4 BELLA CAPRI CONDO $725,000 3 3 2,145
5 SUNDOWNER CONDO $700,000 3 2 1,450
6 HARBOURSIDE AT MARKER 33 $699,000 2 2 1,110
7 BELLA CAPRI CONDO $665,000 3 3 2,145
8 THE LANDINGS $650,000 3 2 1,888
9 SUN & SEA BEACH CONDO $639,000 3 2 1,525
10 HARBOURSIDE AT MARKER 33 $628,238 2 2 1,300
Please give me a call at 727-515-1418 or use the Contact Form below
if you have any questions, or if I can help in any way.

Heloise


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