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Average Sale Prices and Median Prices Rise

sale prices - clearwater beach real estate

Pinellas County continues to see a rise in year over year average sale prices and median sale price.

  • The Average Sale Price for Single Family Homes rose 3.5% from $338,828 in May 2018 to $350,539 in May 2019.
  • The Average Sale Price for Townhome/Condo was up 16.2% from $228,449 in May 2018, to $265,513 in May 2019.

The Median Sale Price for Single Family Homes was up by 7.1% from last year, at $253,000 for May 2018 versus $271,000 for May 2019. The Median Sale Price for Townhomes/Condos increased 6.0% from $166,000 in May 2018 to $175,900 in May 2019.

Single Family
Dollar Volume for Single Family Homes saw a 17.7% increase from $433.4 million in May 2018 to $510.0 million in 2019. The Median Time to Contract for Single Family Homes was up 50.0% from 22 days in May 2018 to 33 days this May. The Median Time to Sale for Single Family Homes was up 12.5% from 64 days last May to 72 days this May.

The Months Supply of Inventory for Single Family Homes remained the same year-over-year at 2.8 months. New Listings for Single Family for May 2019 were 1,396, down 14.1% from May 2018 at 1,626. The Active Listings for Single Family Homes slightly decreased 1.3% from 3,075 in May 2019 versus 3,117 in May 2018. Closed Sales for Single Family were up 13.8% from 1,279 in May 2018 to 1,455 in May 2019. Paid in Cash sales for Single Family increased 1.9%, from 364 in May 2018 to 371 in May 2019.

Townhome/Condo
Dollar Volume for Townhome/Condo increased 13.9% year-over-year from $209.5 million in May 2018 to $238.7 million in May 2019. The Median Time to Contract for Townhome/Condo market increased 16.7% from 36 days in May 2018 to 42 days May 2019. The Median Time to Sale for Townhome/Condo market was 72 days in May 2018 and 81 days in May 2019, up 12.5%.

The Months Supply of Inventory for Townhome/Condo rose 10.3% at 2.9 months in May 2018 to 3.2 months in May 2019. New Listings for Townhome/Condos for May decreased 6.4% from 845 in 2019, versus 903 in 2018. Active Listings for Townhomes/Condos were up 16.5% from 2,250 in May 2018 to 2,622 in May 2019. Closed Sales for the Townhome/Condo segment decreased 2.0% year over year, at 899 in May 2019 versus 917 in May 2018. Paid in Cash sales for Townhome/Condo decreased 10.8% from 453 in May 2019 versus 508 in May 2018.

sale prices

Pinellas Realtor® Organization June 21, 2019

Posted in: Clearwater Beach Buyers, Clearwater Beach condos, Clearwater Beach Real Estate, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Home Prices, Clearwater Beach Real Estate, Clearwater Beach Vacation Homes

Sales Prices and Inventory Rise

Prices and Inventory Increase for single-family and condos. Clearwater Beach Real Estate News – April 2019

Average Sale Price

The Average Sale Price for Single Family Homes rose 6.6% from $334,814 in April 2018 to $357,070 in April 2019. The Average Sale Price for Townhome/Condo was up 10.2% from $236,321 in April 2018, to $260,436 in April 2019.

Inventory

The Months Supply of Inventory for Single Family Homes increased 11.5% year-over-year, with a 2.6 Months Supply last April, as compared to a 2.9 Months Supply this April. The Months Supply of Inventory for Townhome/Condo rose 13.3% at 3.0 months in April 2018 to 3.4 months in April 2019.

Single Family

The Median Sale Price for Single Family Homes was up by 6.8% from last year, at $252,750 for April 2018 versus $269,950 for April 2019. Dollar Volume for Single Family Homes saw a 4.6% increase from $409.8 million in April 2018 to $428.5 million in 2019.

The Median Time to Contract for Single Family Homes was up 18.5% from 27 days in April 2018 to 32 days this April. The Median Time to Sale for Single Family Homes was up 9.1% from 66 days last April to 72 days this April.

New Listings for Single Family for April 2019 were 1,380, down 4.8% from April 2018 at 1,449. The Active Listings for Single Family Homes rose 7.7% from 2,955 in April 2018 to 3,184 in April 2019.

Closed Sales for Single Family were down 2.0%, with 1,200 in April 2019 versus 1,234 in April 2018. Paid in Cash sales for Single Family decreased 10.9%, from 303 in April 2019 versus 340 in April 2018.

Townhome/Condo

The Median Sale Price for Townhomes/Condos was $165,000 for April 2019, down 2.9% from $170,000 in April 2018. Dollar Volume for Townhome/Condo increased 9.1% year-over-year, with $205.4 million in April 2018 compared to $224.0 million in April 2019.

The Median Time to Contract for Townhome/Condo market increased 33.3% from 30 days in April 2018 to 40 days April 2019. The Median Time to Sale for Townhome/Condo market was 70 days in April 2018 and 75 days in April 2019, up 7.1%.

New Listings for Townhome/Condos for April decreased 8.0% from 928 in 2019, versus 1,009 in 2018. Active Listings for Townhomes/Condos were up 16.5% from 2,250 in April 2018 to 2,622 in April 2019.

Closed Sales for the Townhome/Condo segment decreased 1.0% year over year, at 860 in April 2019 versus 869 in April 2018. Paid in Cash sales for Townhome/Condo decreased 12.7% from 435 in April 2019 versus 498 in April 2018.

Clearwater Beach Real Estate News

Pinellas Realtor® Organization May 2019

Posted in: Clearwater Beach condos, Clearwater Beach Home Prices, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Condos, Clearwater Beach Home Prices, Clearwater Beach Real Estate

Dollar Volume & Sales Prices Up on Clearwater Beach

Dollar Volume & Sales Prices Up –  reporting indicates a dramatic increase in dollar volume and the median sale price year-over-year this August.

  • Dollar Volume for Single Family Homes saw a 14.0% increase from $368.3 million in August 2017, to $419.9 million in 2018.
  • Dollar Volume for Townhome/Condo increased 13.3% year-over-year, with $171.4 million in August 2017, compared to $194.2 million in August 2018.
  • The Median Sale Price for Single Family Homes was up by 7.6% from last year, at $255,000 for August 2018 versus $237,000 for
    August 2017.
  • The Median Sale Price for Townhomes/Condos was $169,900 for August 2018, up 11.8% from $152,000 in August 2017.

Single Family
The Average Sale Price for Single Family Homes rose 6.9% from $298,701 in August 2017 to $319,287 in August 2018. The Median Time to Contract for Single Family Homes was 28 days in August 2018, up 16.7% from 24 days last August. The Median Time to Sale for Single Family Homes was 65 days this August, up 3.2% from 63 days last August.

The Months Supply of Inventory for Single Family Homes increased 12.0% year-over-year, with a 2.8 Month Supply this August, as compared to a 2.5 Month Supply in August 2017. New Listings for Single Family for August were 1,458, up 4.1% from last August, at 1,401.

The Active Listings for Single Family Homes rose 4.9% from 3,022 in August 2017 to 3,170 in August 2018. Closed Sales for Single Family were up 6.7% year-over-year, at 1,315 in August 2018 versus 1,233 in August 2017. Paid in Cash sales for Single Family increased 5.5%, from 343 in August 2017 to 362 in August 2018.

Condo/Townhome
The Average Sale Price for Townhome/Condo was $244,850 in August 2018, up 5.4% from $232,299 in August 2017. The Median Time to Contract for Townhome/Condo market was 33 days in August 2018, down 5.7% from 35 days last August.

The Median Time to Sale for Townhome/Condo market was 76 days in August 2018 and 79 days in 2017, down at 3.8%. The Months Supply of Inventory for Townhome/Condo remained the same at 2.7 months in August 2018 and August 2017. New Listings for Townhome/Condos for August 2018 were at 875, up 4.5% from 837 in August 2017.

Active Listings for Townhomes/Condos dipped 2.0% from 2,074 in August 2017 to 2,032 in August 2018. Closed Sales for the  Townhome/Condo segment rose 7.5% year-over-year, at 738 in August 2017 versus 793 in August 2018. Paid in Cash sales for Townhome/Condo increased 1.0%, from 390 in August 2017 to 394 in August 2018.

Pinellas Realtor® Organization September, 2018

Posted in: Clearwater Beach condos, Clearwater Beach Home Prices, Clearwater Beach Real Estate, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Buyers, Clearwater Beach Condos, Clearwater Beach Real Estate, Clearwater Beach Vacation Homes, Homes on Clearwater Beach

All Indicators Up for Clearwater Beach Real Estate

All Indicators Up for Clearwater Beach Real Estate

The Pinellas County housing market hasn’t shown any let down in the year-over-year median sale price and median time to sale for Single Family Homes and Townhome/ Condos.

MEDIAN SALE PRICE
  • The Median Sale Price for Single Family Homes was up by 7.2% from last year, at $266,375 for June 2018 versus $248,450 for June 2017.
  • The Median Sale Price for Townhomes/Condos was $170,000 for June 2018, up 6.3% from $160,000 in June 2017.
  • The Median Time to Sale for Single Family Homes was 63 days this June, down 8.7% from 69 days last June.
  • Median Time to Sale for Townhome/Condo market was 71 days in June 2018 and 77 days in 2017, down at 7.8%.
SINGLE FAMILY

The Average Sale Price for Single Family Homes rose from $327,052 in June 2017 to $344,571 in June 2018. The Median Time to Contract for Single Family Homes was 21 days in June 2018, down 8.7% from 23 days last June.The Months Supply of Inventory for Single Family Homes increased 16.0% year-over-year, with a 2.9 Month

  • New Listings for Single Family for June were 1,498, up 0.7% from last June, at 1,487.
  • The Active Listings for Single Family Homes rose 5.8% from 3,003 in June 2017 to 3,178 in June 2018.
  • Dollar Volume for Single Family Homes decreased 7.6% year-over-year, with $438.3 million in 2018 versus $474.2 million in June 2017.
  • Year-over-year, Closed Sales for the Single Family were down 12.3%, with 1,272 in June 2018 versus 1,450 in June 2017.
  • Paid in Cash sales for Single Family decreased 13.5%, from 400 in June 2017 to 346 in June 2018.
TOWNHOME/CONDO
  • The Average Sale Price for Townhome/Condo was $247,979 in June 2018, down from $243,746 in June 2017.
  • The Median Time to Contract for Townhome/Condo market was 30 days. It was 34 days in June 2017.
  • The Months Supply of Inventory for Townhome/Condo fell 9.7%, from 3.1 months in June 2017 to 2.8 months in June 2018.
  • New Listings for Townhome/Condos for June 2018 were at 841, down 5.3% from 888 in June 2017.
  • Active Listings for Townhomes/Condos dipped 9.0% from 2,317 in June 2017 to 2,109 in June 2018.

Dollar Volume for Townhome/Condo saw a 3.7% decrease year-over-year, with $2159.4 million in June 2017 compared to $211.3 million in June 2018. Closed Sales for the Townhome/Condo segment lowered 5.3% year-over-year, at 852 in June 2017 versus 900 in June 2018. Paid in Cash sales for Townhome/Condo decreased 10.2%, from 462 in June 2017 to 415 in June 2018.

 

July 2018 Report

Pinellas Realtor® Organization July 24, 2018

Posted in: Clearwater Beach condos, Clearwater Beach Home Prices, Clearwater Beach Real Estate, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Condos, Clearwater Beach Real Estate, Clearwater Beach Vacation Homes, Homes on Clearwater Beach

Hurricane Veteran’s Guide to Being Prepared

hurricane seasonEvery year, June 1 – It’s official Hurricane Season.

Generator

This is an expensive piece of equipment, but I wouldn’t live in Florida without one. After Hurricanes Charley, Frances, Ivan and Jeanne in 2004, we decide to invest in a portable generator. We wanted to be able to run our fridge, a window air conditioner, a few lights, charge our phones and have extra power if we wanted to run anything else.

You may not need a big generator. Determine what appliances you will need/want to run (at the same time) if you lose power. After that, you’ll need to figure out how many watts these appliances will require. Appliances with motors require more power to start but use less once they are running. You’ll need to account for the higher number. Here’s a link to help you figure out what size generator is right for you.

Hint: You don’t need to run power to your refrigerator or freezer all the time. They are insulated very well and as long as you don’t open them often, they’ll keep your food cold for at least 3-4 hours. A full freezer will stay cold for 24-48 hours. Knowing this, you can rotate appliances running off the generator. Run them until they get cold, then unplug them and run a different appliance until you need to plug that first one in again. With a generator on wheels, I can easily wheel it over to my neighbors’ house and run their fridge for them until it’s cold, then wheel it back to my house and plug our fridge back in.

We have several 100-foot heavy gauge extension cords to run from our generator outside to inside the house. We secure the generator to a column on our house with a heavy lock and chain, so it doesn’t disappear in the middle of the night. We have a funnel for easier fuel filling and keep extra oil. Make it a practice to start your generator a few times during the year. When it’s still running, shut off the fuel and let the carburetor run dry. Use fuel stabilizer if you plan on leaving gas in the generator tank while it is stored.

Gas cans

These are for fuel to run the generator and for our vehicles. Your generator will use more fuel if you are running a higher load and less fuel if you are only running a few small electric devices. After a few power outages, you’ll learn how much fuel you’ll use per day. I also have to be able to drive for my job, so I need gas for our vehicles.

I will start filling up a few gas cans very early, when the storm track looks like it MIGHT be headed our way. If I don’t end up needing them, I’ll just use them to fill up our vehicles. Either way, the gas gets used. But I’ll have all my cans filled by the time everyone else is freaking out. You don’t want to be that guy that wants to fill five gas cans when everyone else in line is just trying to fill their tank. We also have a long cable and lock to keep the gas cans from walking away in the middle of the night. Store them outside, NOT in your garage.

Window air conditioner

Yes, this is a luxury item and we actually use this camping occasionally (okay, “glamping”). Our family enjoys camping and since there’s usually electricity available at the campsites, having a small window air conditioner has extended our tent camping season by several months. It also makes power outages much more bearable. You don’t need to cool your entire house — in fact, you can’t with a small window unit. But you can close off parts of your house so you’re only trying to cool one or two rooms. That’s what we use the plastic drop cloths for. As Hurricane Irma approached, we lost power before the storm was even close. We taped up the plastic sheeting to enclose our living room and dining room. The small window unit did a great job keeping that space cool. We had a comfortable place to sit during the day and were able to put down air mattresses and sleep at night.

Water

Emergency officials suggest you have at least one gallon of water daily, per person, for 3 to 7 days. You can buy bottles of water for convenience or store water in larger 5-gallon containers (fill these up before the storm). You can also put garbage cans beneath the eaves of your house so they get filled with rainwater. Then you’ll have a water supply you can use for flushing toilets.

You may be asking, “Why wouldn’t I be able to flush my toilet?” Trees uprooted by the storm or washed out roads could take out sewer lines. Or floodwaters could rise higher than your toilet or the nearest lift station. (see also: Sanitation)

Water filtration and purification

If your city or county water system loses power, water pressure or there is a water main break — all things that could easily happen during a major storm — it is possible that contamination could enter the system. This is why municipalities issue boil-water notices.

Some people say you can survive without water for a week, and without food for three weeks — but I sure wouldn’t want to try. That time is certainly shortened by Florida’s summertime heat. You should have a couple options for making water safe to drink if you don’t have electricity or a way to boil water.

Clorox provides some guidance for purifying water with bleach.

There are quite a few water filtration products and UV purifiers on the market so we have a few options here too. We also keep water purification tablets just in case.

Food

The kinds of food you stock up on depends on your ability to cook and/or boil water, and if you have a way to keep food cold. In general, you should stock up on non-perishable, ready-to-eat food. FEMA suggests you have at least a three-day supply of food for each person. I prefer to have a few days more. If anyone in your house has special dietary needs, like an infant or an elderly person, you’ll need to stock up for them. What you don’t use can be donated to your local food pantry. Don’t forget a manual can opener.

Use a cooler and ice to keep perishable food cold.

Cooking stove

Here’s one of the items we have for camping. The Coleman Dual Fuel stove burns white gas or unleaded gasoline. Also, if you have a barbecue grill with a side burner, you can use that for cooking and boiling a pot of water. If you are shopping for a new grill, consider one with this feature.

Cooking grill

We have a portable grill for camping that uses the small propane canisters, but after a storm we’ll be using the barbecue grill in our backyard. Be sure to get at least one extra propane tank before the storm hits. Again, don’t store this inside your house or garage. I remember after Hurricane Irma, I walked outside and smelled my neighbor cooking steaks on his grill. Clearly, he wasn’t going to let his food spoil.

Paper plates, paper towels and plasticware

Who is going to feel like doing dishes after a storm? Make sure you have extra garbage bags as well for all the trash.

Sanitation

As mentioned earlier, you should have enough water set aside for flushing toilets. Hopefully, the floodwaters will not rise so high that you can’t flush your toilets. But in case that happens, you should have a plan for disposing of waste. A five-gallon bucket will come in handy. You’ll need some garbage bags for liners and possibly some cat litter (it ain’t for your cats). Have a container to keep your toilet paper dry. Make sure you have plenty of hand sanitizer as well.

Showering

Stuck in the summer heat without a shower? As convenient as they may be, you can only use moisture wipes for so long. At some point, the people around you are going to want you to take a shower. You can bathe with cold water from a bucket, but a solar shower is an inexpensive and refreshing solution for a warm water shower. Just fill it and hang it in the sun. You’ll be surprised how warm the water gets.

Sleeping 

With only one air-conditioned space in the house, we moved furniture out and everyone camped on the floor.

Air mattresses, an air pump (manual or electric), sheets and pillows will ensure everyone can get a (relatively) good night’s rest.

Don’t forget earplugs so you don’t have to listen to the noisy generator.

Lighting

Flashlights and batteries always seem to be among the first things to go at the store, so make sure you buy them early. Emergency officials discourage people from using candles because of the fire risk, but I do keep some on hand just in case. Inexpensive garden lights are a great solution for power outages. They usually run off one rechargeable AA battery that gets charged during the day by a small solar cell. Once it gets dark, they come on automatically. Use them inside your house or anywhere you need extra light. To turn them off, just remove the battery. Charge them back up by putting them outside during the day. After Irma, we added a battery-powered fan to our kit. A car battery can also be used to power lights, cell phones, etc., but don’t run it down so low that it won’t start your car.

First aid, medicine

Once sustained wind speeds exceed 45mph, emergency crews will no longer respond to your 911 call. If phones are still working, you can call 911 and speak to a person. They’ll record your call and emergency personnel will get to you as soon as they are able. Basically, you are on your own until the storm passes. Be ready to treat cuts, scrapes, puncture wounds, possibly even burns or broken bones. Consider taking a CPR class.

For this same reason, you should have a fire extinguisher.

Get your prescriptions refilled before the storm. Have an extra pair of glasses.

Personal documents, paper map

Whether you stay or go, make sure you save your important documents. We have our entire computer backed up on external hard drives. This includes all our family photos (digitized), important documents such as medical records, bank numbers and identification. Don’t store your backups in the same place as your computer. Be sure to take any paperwork you think you’ll need. Get a waterproof container to put it all in. If you’re not comfortable using an external hard drive, you can use a service like Google Drive to store your documents in the cloud — but remember you may not have access to the internet immediately after the storm.

Keep a paper map handy. Until wireless service is restored, the map on your phone won’t do you much good. I wouldn’t have thought of this on my own, but after Hurricane Charley, our photographers discovered most of the street signs had been blown away. Even those who knew the area were having trouble recognizing familiar places as the landscape had been completely changed by the storm.

Cash

Banks and ATMs will not be open if the power is out and may be slow to reopen once it is restored.

Bug spray and sunscreen

Duh! The Thermacell mosquito repellent is worth its weight in gold.

Rain gear

You may need to go out in the rain or floodwaters. Consider boots or waders, and a decent set of rain gear. An umbrella could help — but not while the wind is still blowing.

Pet supplies

If you have pets, you’ll need this stuff whether you evacuate or not. You’ll need food and water for your pets — and bowls. A leash and plastic bags for picking up after your dog. Cat litter for your cats. I like having crates/carriers for our pets even if we are sheltering in place. If a tree were to fall on our house and the shell of the building was somehow compromised, we could still put the pets in their cages and keep them from getting out/running away.

Emergency signaling

Hand-held flares and a whistle may help you signal rescuers after the storm.

Tools

For cleaning up after the storm, you’ll want work gloves and dust masks.

I almost always find a use for tape and paracord.

I have a basic set of hand tools, plus yard tools like a saw and an ax.

If you need to retreat to your attic, like many people were forced to do after Katrina and Harvey, be sure to take an ax or hammer up there with you so you can get out. Once the water rises, you could be stuck up there.

You may want to have a chain saw for cutting down trees or branches that may have fallen on your house.

Tire sealant

After a storm there will be nails and screws all over the place. After using your spare tire for the first flat, you’re done if you pick up another nail in a tire. Keep a couple cans of Fix-a-Flat or other tire sealant in your vehicle so you can keep driving.

Electronics

A battery/hand-crank AM/FM/shortwave radio will let you stay in touch with the news. Handheld CB radios will work when cellphones don’t. Both also receive NOAA weather radio broadcasts. A small solar cell for charging mobile phones and a 12-volt inverter will let you run some 110-volt devices while your car is running.

Firearms

This is a personal choice. We choose to keep a firearm on hand in case we have to defend ourselves or our property after a storm.

Home repair

For after the storm, we keep some roof repair supplies, including tarps, screws and/or nails, roof tar and mesh. Also, you might find it handy to have a roll of screen and spline after the storm. If your window screens are damaged, you’ll want to be able to repair them or at least be able to screen off a couple rooms of your house to keep the mosquitoes out.

Garbage cans can be used for trash or filled with water for flushing toilets.

Storm shutters

Don’t rush out and buy plywood to board up your windows, then just throw it away after the storm — only to have to repeat it for the next storm. If you can’t afford metal storm shutters, take some time and build a good set of inexpensive plywood shutters.

You don’t need fancy tools to build these and you can store them in a corner of your garage. They go up quickly with the carriage bolts and are very sturdy.

Sarasota Herald Tribune, May 29, 2018

Posted in: Clearwater Beach condos, Clearwater Beach Lifestyles, Clearwater Beach Real Estate Tagged: Clearwater Beach Condos, Clearwater Beach Real Estate, Homes on Clearwater Beach, Hurricane Season

July Kicked Off Third Quarter with Some Strong Figures

Third Quarter – Clearwater Beach Real Estate

The latest market statistics from Florida Realtors show that July has kicked off the third quarter with some
strong figures.

  • Dollar Volume for Townhomes/Condos saw a 25.4% increase year-over-year, with $170.2
    million in July 2017 compared to $135.7 million in July 2016.
  • Median Sale Price for Single Family Homes was up 11.6% from last year, at $240,000 for July 2017 versus $215,000 for July 2016.
  • Median Time to Contract for Townhomes and Condos was down 20.0% year-over-year, going from 40 days in July 2016 to 32 days in July 2017.
  • Median Time to Contract for Single Family Homes was 19 days in July 2017, down 32.1% from last July.

Dollar Volume for Single Family Homes also had an increase of 6.7% year-over-year, with $377.1 million in 2017 versus $353.4 million in July 2016. Median Time to Sale for Single Family Homes was 66 days this July, down 12.0% from 75 days last July. Average Sale Price for Single Family Homes grew 8.5%, at $312,210 in July 2017 versus $287,816 in July 2016.

The Townhomes/Condo market segment’s sales prices are still holding strong. Median Time to Sale for Townhomes and Condos decreased 6.3% year-over-year at 74 days in July 2017 and 79 days in 2016. Average Sale Price saw a 13.9% increase with $226,638 in July 2017 and $198,965 in July 2016. Median Sale Price for Townhomes/Condos was $160,000 for July 2017, up 14.6% from $139,635 in July 2016.

Year-over-year, Closed Sales for the Single Family segment were down slightly by 1.6%, and Closed Sales for the Townhomes/Condo segment were up 10.1%. New Listings for Single Family for July were 1,448, up 7.7% from last July, at 1,344. New Listings for Townhomes/Condo for July 2017 were at 757, down 6.8% from 812 in July 2016.

Inventory

The strong seller’s market continues in June, with Months Supply of Inventory down 10.7% year-over-year for Single Family Homes, with a 2.5 Month Supply this July, as compared to a 2.8 Month Supply in July 2016.

Months Supply of Inventory for Townhomes/Condo fell 17.1%, with 2.9 months in July 2017 and 3.5 months in June 2016.

third quarter

Pinellas Realtors August 27, 2017

Posted in: Clearwater Beach Buyers, Clearwater Beach condos, Clearwater Beach Real Estate, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Buyers, Clearwater Beach Condos, Clearwater Beach Real Estate

Canadians & International Buyers Love Florida Homes

Canadians retained their spot as the No. 2 international buyers of U.S. property, with Florida coming in as the most popular state among this investor group, according to the 2017 National Association of Realtors’ International Activity in U.S. Residential Real Estate Report.

Despite the weak Canadian dollar, (one Canadian dollar will get you 79 U.S. cents) Canadians remain key home buyers. Of the nearly $20 billion in U.S. real estate purchases, $7 billion were in Florida alone. Other popular states include Texas, California, New Jersey and Arizona.

Canadians have more than doubled their spending on U.S. properties. Between April 2016-March 2017, Canadians spent $19 billion on U.S. real estate, up from $8.9 billion the previous year.

In Canada, house prices rose by 10 percent in 2016, compared to 5 percent in the U.S. In particular, Vancouver housing prices rose sharply over the past year by 17 percent. The U.S. housing market saw modest price growth compared to Canada’s housing markets, which may have played a role in increased spending on U.S. properties.

 

Foreign US Home Buyers

Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume.

Foreign buyers closed on $153 billion worth of U.S. residential properties between April 2016 and March 2017, a 49 percent jump from the period a year earlier, according to the National Association of Realtors. That surpasses the previous high, set in 2015.

The jump follows a year-earlier retreat and comes as a surprise, given the current strength of the U.S. dollar against most foreign currencies, which makes U.S. housing even more expensive. Apparently, the value of a financial safe-haven is outweighing the rising costs.

Half of all foreign sales were in three states: Florida, California and Texas.

international buyers

Orlando Business Journal, CNBC August 18, 2017

Posted in: Clearwater Beach Buyers, Clearwater Beach condos, Clearwater Beach Real Estate Tagged: Clearwater Beach Buyers, Clearwater Beach Condos, Clearwater Beach Real Estate, Clearwater Beach Vacation Homes

Clearwater Beach Real Estate Report – November 2016

Clearwater Beach Real Estate

Pinellas-RealtorThis month’s statistics could beat out that sweet red bike in the running for best present Santa has ever brought you.

Dollar Volume for Townhome/Condo was $147.1 million in November 2016, up 21.5% from $121.1 million in November 2015. Dollar Volume for Single Family Homes has increased an incredible 43.1% year-over-year, with $303.0 million in 2016 versus $211.8 million in November 2015.

The number of Closed Sales for Single Family and Townhome/Condo combined for November 2016 was 1,789, up an astounding 20.2% from 1,488 in November 2015.

Median Sale Price for the Single Family Homes segment was up a tremendous 19.2% from last year, at $219,000 for November 2016 versus $183,750 for November 2015. Median Time to Contract for Single Family Homes was 26 days in November 2016, down 18.8% from 32 days last November. Median Time to Sale for Single Family Homes was 73 days this November, versus 79 days in November 2015, a -7.6% change year-over-year. Median Time to Contract for Townhomes and Condos was down 2.5% year-over-year, going from 40 days in November 2015 to 39 days in November 2016.

Median Time to Sale for Townhomes and Condos was stagnant year-over-year with 78 days in both November of 2015 and 2016. Median Sale Price and Average Sale Price for Townhouses and Condos have increased over the past year by 8.9% and 8.8%, respectively.

Year-over-year, closed sales for the Single Family segment were up 26.4%, and Closed Sales for the Townhome/Condo segment were up 11.6%. New Listings for Single Family for November were 1,317, a growth of 11.8% from last November, when they were 1,178. New Listings for Townhome/Condo for November 2016 were at 827, up 6.2% from 779 in November 2015. Months Supply of Inventory for Single Family continues to reflect a seller’s market, with inventory down 14.3% year-over-year, with a 3.0 month supply this November, as compared to a 3.5 month supply in November 2015.

Months Supply of Inventory for Townhome/Condo also shrunk, with 3.5 months in November 2016 and 4.0 months in November 2015, falling 12.5%. Pending inventory for Townhouses and Condos has grown 44.9% over the past year, with 1,042 listings this year compared to 719 in November of 2015. Active listings for November 2016 Single Family and Townhome/Condo combined were 6,062, down 11.4% from 6,843 in November 2015.

 

Clearwater Beach Real Estate

Pinellas Realtor Organization, December 2016

Posted in: Clearwater Beach condos, Clearwater Beach Home Prices, Clearwater Beach Real Estate, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Real Estate, Clearwater Beach Vacation Homes, Homes on Clearwater Beach

Clearwater Beach Real Estate Report September 2016

Pinellas County Real Estate Statistics for September 2016

At this time of year everyone starts to get in the spirit for the holidays. We are happy to share some stats from
the Pinellas County Housing Department that will give you even more of a reason to be excited.

Pending Inventory for Townhouses and Condos has climbed up to 18.9% over the past year, with 830 listings this year compared to 698 in September of 2015. Median Sale Price, Average Sale Price, and Dollar Volume for Single Family Homes have increased over the past year at 16.6%, 10.6% and 12.2%, respectively.

Median Sale Price for the Townhome/Condo segment was up 5.0% from last year, at $126,000 for September 2016 versus $120,000 for September 2015.

Median Time to Contract for Townhome/Condo was 36 days in September 2016, down 20.0% from 45 days last September. Median Time to Sale for Townhome/Condo was 80 days this September, versus 86 days in September 2015, a -7.0% change year-over-year.

Median Time to Contract for Single Family was down 23.5% year-over-year, going from 34 days in September 2015 to 26 days in September 2016. Median Time to Sale for Single Family was 72 days in September 2016, just a hair less than September 2015, which was 75, a decrease of 4.0%.

The number of Closed Sales for Single Family and Townhome/Condo combined for September 2016 was 1,885, up 1.3% from 1,860 in September 2015. Year-over-year, closed sales for the Single Family segment were up 1.4%, and Closed Sales for the Townhome/Condo segment were up 1.2%. New Listings for Single Family for September were 1293, a growth of 1.9% from last September, when they were 1,269. New Listings for Townhome/Condo for September 2016 were at 823, up 6.1% from 776 in September 2015.

Dollar Volume for Single Family was $342.4 million in September 2016, a 12.2% increase from $305.1 million in September 2015. Dollar Volume for Townhome/Condo was $128.0 million in September 2016, up 0.9% from $126.9 million in September 2015.

Months Supply of Inventory for Single Family continues to reflect a seller’s market, with inventory down 2.9% year-over-year, with a 3.3 month supply this September, as compared to a 3.4 month supply in September 2015.

Months Supply of Inventory for Townhome/Condo was unchanged year-over-year, with 3.8 months in both September 2016 and September 2015. Active listings for September 2016 Single Family and Townhome/Condo combined were 6,557, down 0.6% from 6,599 in September 2015.

september-2016-stats

Pinellas Realtor Organization 10/2016

Posted in: Clearwater Beach condos, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Condos, Clearwater Beach Real Estate, Homes on Clearwater Beach

Clearwater Beach Real Estate Report for June 2016

Pinellas-RealtorPinellas/Clearwater Beach Real Estate Report – June 2016
The Absorption Rate for the Single Family real estate market has been steadily rising this year, and is at an all-time high, not just for 2016, but dating back to at least January 2012. The Absorption Rate is the rate at which homes are selling in a given time frame. Mortgage interest rates dropped after the Brexit vote and continue to remain low, which could push new buyers and investors into the market.  Find your piece of paradise on Clearwater Beach.

The number of Closed Sales for Single Family and Townhome/Condo combined for June 2016 was 2,222, up 1.5% from 2,190 in June 2015. Year-over-year, closed sales for the Single Family segment were up at 0.3%, and Closed Sales for the Townhome/Condo segment were up 3.6%. New Listings for Single Family and Townhome/Condo combined were up 3.9% for June 2016 over June 2015, at 2,254 versus 2,170 last year.

Median Time to Contract for Single Family was down 9.7% year-over-year, going from 31 days in June 2015 to 28 days in June 2016. Median Time to Sale for Single Family was just 72 days in June 2015, down from 76 days in June 2016 (down 5.3%). For Townhome/Condo Median Time to Sale was 86 days this June, versus 93 days in June 2015, a -7.5% change year-over-year.

  • Median Sale Price for Single Family was $220,000 this June, versus $185,000 last June, a huge increase of 18.9%.
  • Median Sale Price for the Townhome/Condo segment was also way up from last June at 16.7%, at $140,000 for June 2016 versus $120,000 for June 2015.

Dollar Volume for Single Family was $419.8 million in June 2016, up 18.3% from $354.9 million in June 2015.

Dollar Volume for Townhome/Condo was $165.0 million in June 2016, up 14.9% from $143.5 million in June 2015.

New Listings for Single Family for June 2016 were 1,493, up 5.2% from last June, when they were 1,419.

New Listings for Townhome/Condo for June 2016 were 761, up 1.3% from 751 in June 2015.

Months Supply of Inventory for Single Family continues to reflect the seller’s market, with inventory down 13.2% year-over-year, with a 3.3 month supply this June, as compared to a 3.8 month supply in June 2015. Months Supply of Inventory for Townhome/Condo was down 9.1% year-over-year, with 4.0 months in June 2016 compared to 4.4 months in June 2015. Active listings for June 2016 Single Family and Townhome/Condo combined were 6,707, down 6.9% from 7,207 in June 2015.

Pinellas Realtor® Association July 2016

 

real estate report - June 2016 - Pinellas

Posted in: Clearwater Beach Buyers, Clearwater Beach condos, Clearwater Beach Real Estate, Clearwater Beach Real Estate Market News Tagged: Clearwater Beach Condos, Clearwater Beach Home Prices, Clearwater Beach Real Estate, Clearwater Beach Vacation Homes

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