St Pete Beach Condo Trends
St Pete Beach Condo Trends 2018
St Pete Beach had another strong year for condo sales, with 229 condo sales in 2018. This is the second highest number of sales in the past 10 years. Average prices were also up about 5% over 2017 and about 8% over the last 5 years. Average days on market was also the lowest in five years showing continued high demand for condos in St. Pete Beach. Learn about all the details below. Or go right to the St. Pete Beach condos for sale.
ST PETE BEACH CONDO SALES TRENDS BY YEAR
The average sale price for a condo on St. Pete Beach in 2018 was almost $365,000. This is 5% higher than the $346,000 average sale price in 2017. The five-year average increase in condo prices on St. Pete Beach was 8%. The St Pete Beach average price of $365,000 is about a third lower than the Clearwater Beach average of $539,000 in 2018.
HOW LONG DID IT TAKE TO SELL?
The average days on market for condos in St. Pete Beach in 2018 was only 79 days. This is the lowest time on the market in the past five years. Buyers wanting to find the right condo will need to be prepared and will need to move quickly in making decisions in this market.
SALES PRICE VS. LIST PRICE
With high demand and a limited inventory of condos for sale, the sale price to list price ratio has remained high. In this competitive market, sellers are less willing to negotiate with lowball offers. Lowball offers may, in fact, lower your chances of striking a fair deal with the seller later.
TOP 10 SELLING ST PETE BEACH CONDO COMMUNITIES
Jacaranda Beach Villas Condo, Three Palms Pointe Condo, and Boca Shores Condo were the three top-selling condo communities on St Pete Beach in 2018.
|Rank||Condo Community||2018 Sales||Average Price|
|1||JACARANDA BEACH VILLAS CONDO||23||$335,783|
|2||THREE PALMS POINTE CONDO||13||$245,769|
|3||BOCA SHORES CONDO||13||$175,423|
|5||REGENCY WEST APTS CONDO||9||$201,544|
|6||GULF WINDS APTS CONDO||9||$201,289|
|7||SILVER SANDS BEACH & RACQUET CLUB||7||$596,071|
|8||ENVOY POINT WEST CONDO||7||$530,857|