Clearwater Beach Real Estate
This 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.
Pinellas Realtor Organization, December 2016