People often ask us to compare the markets compare for beachfront condos for sale in Florida.
So we pulled market numbers for beachfront condo sales for Florida Gulf Coast condos sold in 2021 for three popular markets: Clearwater Beach, St Pete Beach, Longboat Key, and Siesta Key. All of these areas have beautiful oceanfront condos for sale in Florida.
Below are the unit sales for beachfront condos in each market. As you can see on the top line of the graph, Longboat Key consistently has the most sales of beachfront condos for any beach in the nearby area.
Based on ten-year data, Longboat Key consistently had the highest number of beachfront condo sales followed by Siesta Key. Clearwater Beach and St Pete...
Harbour Island Penthouse condo overlooking the beautiful Downtown Tampa Channelside District.
Contact our Downtown Specialist if you are interested in living an active coastal lifestyle in one of our gorgeous cities!
Now Taking Contracts!
Downtown St. Pete is growing again! The Kotler group is building another beautiful highrise in downtown St. Pete. After their successful condo projects at ONE St.Petersburg and Saltaire - the dynamo development group is wasting no time adding to the downtown skyline. Art House is coming to 200 Central Avenue and is expected to be complete at the end of 2024.
The building will be 42-stories tall and have 244 luxurious residential condo units, along with ground-floor retail space. There will be two and three-bedroom condos ranging from 1,380 and 2,637 square feet and amazing amenities for its residents.
Art House is offering eight different floor plans with modern and open design concepts. All are complete with top-of-the-line appliances and floor-to-ceiling windows. The 9th floor “Cloud 9” amenities deck will help residents live the life of luxury with its resort-style pool and spa, state-of-the-art fitness center, yoga studio, gaming lounge, catering kitchen, and even a massage/spa room.
Condos in this highly anticipated building are now starting at $800K’s and are sure to get reserved up quickly. Art House is now accepting contracts and there is no time to waste if you want to get in this beautiful building at pre-construction pricing.
Reach out if you’d...
As was the case in a lot of our Gulf Coast markets, 2021 was a record-breaking year for St Pete Beach condo sales. There were 321 condo sales for St Pete beach in 2021 at an average price of over $470,000. This was the most active year in the last 10 years. Below is an overview of what we think are the important aspects of what happened in the St Pete Beach market. In our summary at the end, we also attempt to give you an idea of what this might mean to you as a condo buyer.
Number of Sales
There were a record-breaking 321 condo sales in St Pete Beach in 2021. This is 40% higher than the prior 9-year average of 228 condos sold per year. This is 15% higher than 2020 when 280 condos were so sold. There has been much discussion about the extremely low inventory of condos in our area which is absolutely true. But as you can see from the graph the low inventory is a function of extremely high buyer demand not lack of sellers.
Average Sale Price By Year
The average sale price for a condo on St Pete Beach has risen dramatically from about $266,000 in 2012 to over $470,000 in 2021. This represents over a 6% annual compounded increase in condo prices over the past 10 years. As you can see on the graph, recent increases in price are more dramatic than ever....
2021 was a record-breaking year for Clearwater beach condo sales. With 246 sales for an average price of over $800,000, this was the most active year in recent history. Below we go over some of the most important details of what happened in the Clearwater Beach market and attempt to give you an idea of what this might mean to you as a condo buyer.
Number of Sales
There were an amazing 246 condo sales in Clearwater Beach in 2021. This is 50% higher than the 10-year average of 160 condos sold per year. The next highest sales year in recent history is back in 2017 when 188 condos were so sold. There has been much discussion about the extremely low inventory of condos in our area which is absolutely true. but as you can see from the graph the low inventory is a function of extremely high buyer demand not lack of sellers.
Average Sale Price By Year
The average sale price for a condo on Clearwater Beach has risen dramatically from about $400,000 in 2012 to over $800,000 in 2021. This represents over a 7% annual compounded increase in condo prices over the past 10 years. As you can see on the graph, recent increases in price are more dramatic than ever.
One of the implications of this dramatic rise in prices is that Competitive Market Assessments that base offers only on “comparable” sales are not really really good tools to make offers in this market. This kind of analysis...