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.

SALES BY AREA

The Pinellas Middle Beach condo sales were pretty evenly spread among the four major beach areas. The three Redington Beaches represented almost a third of the sales. Indian Shores was not far behind with 27% of the condo sales. Indian Rocks Beach and Madeira Beach both had 21% of the sales.

Pinellas Middle Beach 2018 Condo Sales By Area

MIDDLE BEACH CONDO SALES TRENDS BY YEAR

The average sale price for condos from Indian Rocks to Madeira in 2018 was up 6% over the 2017 average of $463,000. The beachfront condos had the highest average sale price at $517,000 with Intracoastal condos averaging about 25% less expensive at $392,000.

Pinellas Middle Beach Condo Price Trends

HOW LONG DID IT TAKE TO SELL?

The average time on the market for a Middle Beach condo in 2018 was a very low 88 days or a little under  3 months. This is a 6 year low, with the next lowest point 100 days in 2017. This is indicative of the sustained high demand for beach area condos in our market.

Average Days On Market For Middle Beach Condos in 2018

SALES PRICE VS. LIST PRICE

With continued strong demand and low inventory, the sale price in 2018 was just over 97% 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.

Middle Beach Condo Sales Price To List Price 2018

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TOP SELLING MIDDLE BEACH CONDO COMMUNITIES

The top three selling condo communities for the middle beaches in 2018 were the Madeira Beach Yacht Club, Redington Towers, and the Bay Shores Yacht & Tennis Club in Indian Shores.

Rank  Condo Community 2018 Sales Average Price
1  MADEIRA BEACH YACHT CLUB CONDO 22 $240,286
2  REDINGTON TOWERS I & II 19 $377,526
3  BAY SHORES YACHT & TENNIS CLUB 15 $353,527
4  OCEAN SANDS ONE & TWO CONDOS 14 $520,814
5  TIDES BEACH CLUB CONDO 14 $790,957
6  MADEIRA BAY RESORT II CONDO 12 $268,492
7  BAREFOOT BEACH RESORT OF INDIAN SHORES 10 $252,890
8  CURLEW LANDINGS SOUTH 10 $331,700
9  HIDDEN HARBOUR 10 $353,740
10  ONELLA 10 $1,810,000

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