Indian Rocks Beach Condo Trends
Indian Rocks Beach Condo Trends 2017
2017 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.
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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.
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.
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 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.
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
|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|
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|
|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|
|6||HARBOURSIDE AT MARKER 33||$699,000||2||2||1,110|
|7||BELLA CAPRI CONDO||$665,000||3||3||2,145|
|9||SUN & SEA BEACH CONDO||$639,000||3||2||1,525|
|10||HARBOURSIDE AT MARKER 33||$628,238||2||2||1,300|
if you have any questions, or if I can help in any way.