Third Quarter – Clearwater Beach Real Estate
The latest market statistics from Florida Realtors show that July has kicked off the third quarter with some
- 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.
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.
Pinellas Realtors August 27, 2017