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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

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

Clearwater Beach’s Sugar Sand Festival Becomes ‘World-Class Art Exhibit’

Sugar Sand Festival

Now in its sixth year, the Pier 60 Sugar Sand Festival on Clearwater Beach has long been the passion project of organizer Lisa Chandler.

This year, 11 sculptors from all over the world — including Japan, Mexico, and the Netherlands — are showing off their artistic skills by taking the 1,000 pounds of fine-grained white sand and turning it into elaborate structures ranging from famous faces and animals to historic landmarks.

“We’ve worked really hard to promote this to those in the Tampa Bay area,” Chandler said. Since the festival’s fourth year, she has seen an influx of visitors from Orlando and even farther away. “People are coming from all over the United States,” she said. “It’s really about marketing the destination.”

Clearwater Beach has already been hailed as the No. 1 beach in the country and No. 7 in the world by travel website, TripAdvisor. Condé Nast Traveler also recently named Clearwater Beach to its list of the 15 best beaches in Florida this year.

The festival is “really to showcase what we consider to be our No. 1 asset — the sand,” Chandler said. “We’ve brought it to life in a way that is extremely visual.”

The theme this year is “Sea America: A Celebration of America’s Treasures,” in celebration of monuments around the United States and pop culture. The main attraction of the 10-day festival is the Sugar Sand Walk Exhibit housed inside a 21,000 square-foot tent. “It takes two weeks to build the exhibit,” Chandler said, who noted that Team Sandtastic was commissioned for the job.

Last year, the festival had more than 40,000 visitors to the exhibit itself, while there were 116,000 guests over the 10-day period, Chandler said.

Run by Sunset of Pier 60, a not-for-profit organization, the festival began April 13 and will run through April 22. It was closed on Sunday due to inclement weather. There are several free activities over the course of the festival including free concerts, four nights of fireworks and free sand sculpting classes in which guests can learn from the artists.

Tampa Bay Business Journal
Apr 16, 2018

Posted in: Clearwater Beach Lifestyles, Clearwater Beach Recreation, Florida Tourism Tagged: Clearwater Area Beaches, Clearwater Beach Lifestyles, Clearwater Beach Vacation Homes

Real Estate Rebounds for Season

Holiday season is here, and we have the latest statistics on the Pinellas real estate market to give thanks for.

Median Sale Price for Single Family Homes was up 10.8% from last year, at $229,450 for October 2017 versus $207,000 for October 2016.

Median Time to Contract for Townhomes and Condos was down 12.8% year-over-year, going from 39 days in October 2016 to 34 days in October 2017.

Year-over-year, Closed Sales for the Single Family segment in October were down 3.7%. Dollar Volume for Single Family Homes increased 4.7% year-over-year, with $306.3 million in 2017 versus $292.4 million in October 2016. Median Time to Contract for Single Family Homes was 31 days in October 2017, up 6.9% from last October.

As we head into the real estate Season, we’re seeing increased pricing and fewer listings hitting the market.

  • Average Sale Price for Single Family Homes grew 8.8%, at $297,387 in October 2017 versus $273,294 in October 2016.
  • Median Time to Sale for Single Family Homes was 76 days this October, up 4.1% from 73 days last October.
  • New Listings for Single Family for October were 1,312, down 4.4% from last October, at 1,373.

The seller’s market continues in October, with Months Supply of Inventory down 10.3% year-over-year for Single Family Homes, with a 2.6 Month Supply this October, as compared to a 2.9 Month Supply in October 2016. Months Supply of Inventory for Townhomes/Condo fell a dramatic 17.6%, with 2.8 months in October 2017 and 3.4 months in October 2016.

Pinellas Realtor Assn. November 2017

Posted in: 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

Holiday Events in and Around Clearwater Beach

To get you into the Holiday Spirit, here’s some favorite events for the whole family around Clearwater Beach.

 

Christmas Outdoor Movies – Elf

December 2
Home Alone – December 16

5:00 pm

Sunscreen and Cinema Squatch are bringing you this festive outdoor Christmas movie series at Williams Park – St. Pete! More Information

 

St. Pete Illuminated Boat Parade

December 9th

Holiday decorated boats will light up Tampa Bay near downtown St. Pete! The 30th annual parade hosted by the St. Pete Rotary Club will kick off at 6:30 pm.   More Information

 

Winter Wonderland at Clearwater Marine Aquarium

Through December 23rd

Join the Clearwater Marine Aquarium for a splashingly great holiday celebration! Watch as the aquarium transforms into Winter’s Wonderland.  Sea of Lights will be from 4 p.m. – 9 p.m. on select dates.  More Information

 

Posted in: Clearwater Beach Lifestyles, Clearwater Beach Waterfront Lifestyles Blog, Holidays in Clearwater Beach Tagged: Clearwater Beach Vacation Homes, Homes on Clearwater Beach, The Holidays in Clearwater Beach

Clearwater Beach Real Estate Report October

September’s numbers are out, and it comes as no surprise that Hurricane Irma made somewhat of an impact on the real estate market.

Before you get too concerned, there are some important takeaways from this month’s statistics. Year-over-year, Closed Sales for the Single Family segment in September were down 25.3%, but this is directly related to the length of time businesses, schools, and other institutions were closed before and after Irma’s impact.

Median Prices

Median Sale Price for Single Family Homes was up 11.7% from last year, at $248,000 for September 2017 versus $222,000 for September 2016 which is a strong indicator that the housing market was just delayed, rather than derailed. It should also be noted that there were only 20 business days this September, and even if title agencies, banks, and other major players in the market were only closed for four days, that is 20% fewer business days to get things done.

Dollar Volume

Dollar Volume for Single Family Homes decreased 16.9% year-over-year, with $284.6 million in 2017 versus $342.4 million in September 2016. Median Time to Contract for Single Family Homes was 23 days in September 2017, down 8.0% from last September. Average Sale Price for Single Family Homes grew 11.2%, at $316,533 in September 2017 versus $284,614 in September 2016. Median Time to Sale for Single Family Homes was 67 days this September, down 6.9% from 72 days last September. New Listings for Single Family for August were 858, down 33.6% from last September, at 1,293.

Townhome & Condo

The Townhomes/Condo market segment’s sales prices are still holding strong. Closed Sales for the Townhomes/Condo segment were down 3.7%.

  • Median Time to Sale for Townhomes and Condos decreased 2.5% year-over-year at 78 days in September 2017 and 80 days in 2016.
  • Average Sale Price saw an amazing 18.4% increase with $224,894 in September 2017 and $189,901 in September 2016.
  • Median Sale Price for Townhomes/Condos was $149,000 for September 2017, up 18.3% from $126,000 in September 2016.
  • Dollar Volume for Townhomes/Condos saw a 14.0% increase year-over-year, with $146.0 million in September 2017 compared to $128.0 million in September 2016.
  • Median Time to Contract for Townhomes and Condos was up 5.6% year-over-year, going from 36 days in September 2016 to 38 days in September 2017.
  • New Listings for Townhomes/Condo for August 2017 were at 614, down 25.4% from 823 in September 2016.

Inventory

The seller’s market continues in September, with Months Supply of Inventory down 7.1% year-over-year for Single Family Homes, with a 2.6 Month Supply this September, as compared to a 2.8 Month Supply in September 2016. Months Supply of Inventory for Townhomes/Condo fell a dramatic 17.6%, with 2.8 months in September 2017 and 3.4 months in September 2016.

 

Pinellas Realtor Assn. October, 2017

Posted in: Clearwater Beach Buyers, 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

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

Real Estate Report – Clearwater Beach May 2017

This May has seen a lot of stormy weather, but the real estate market continues to shine. Dollar Volume for Townhomes/Condos was $204.8 million in May 2017, an incredible increase of 27.8% from $160.2 million in May 2016.

Dollar Volume for Single Family Homes also had an amazing increase of 35.3% year-over-year, with $452.3 million in 2017 versus $334.4 million in May 2016.

  • Median Sale Price for Single Family Homes was up 14.4% from last year, at $230,000 for May 2017 versus $201,000 for May 2016.
  • Median Sale Price for Townhomes/Condos was $165,000 for May 2017, up 18.7% from $139,000 in May 2016.

Median Time to Contract
Median Time to Contract for Single Family Homes was 27 days in May 2017, down 3.6% from last May. Median Time to Sale for Single Family Homes was 70 days this May, down 5.4% from 74 days last May. Average Sale Price for Single Family Homes grew an astounding 23.4%, at $312,364 in May 2017 versus $253,121 in May 2016.

Sales Prices
The Townhomes/Condo market segment’s sales prices continue to grow. Median Time to Sale for Townhomes and Condos decreased 9.6% year-over-year at 75 days in May 2017 and 83 days in 2016. Average Sale Price saw a 13.9% increase with $234,382 in May 2017 and $205,711 in May 2016. Median Time to Contract for Townhomes and Condos was down 20.0% year-over-year, going from 40 days in May 2016 to 32 days in May 2017.

Closed Sales
Year-over-year, Closed Sales for the Single Family segment were up 9.6%, and Closed Sales for the Townhomes/Condo segment were up 12.2%. New Listings for Single Family for May were 1,494, up 2.0% from last May, at 1,464. New Listings for Townhomes/Condo for May 2017 were at 898, up 3.1% from 871 in May 2016.

Seller’s Market
The strong seller’s market continues in May, with Months Supply of Inventory down 10.7% year-over-year for Single Family Homes, with a 2.5 Month Supply this May, as compared to a 2.8 Month Supply in May 2016. Months Supply of Inventory for Townhomes/Condo fell 15.8%, with 3.2 months in May 2017 and 3.8 months in May 2016.

 

May 2017

Pinellas Realtor Org. June 2017

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

Long Awaited Project Would Bring JW Marriott Luxury Hotel to Clearwater Beach

marriott luxuryMarriott Luxury
After four years of planning, one of the world’s top luxury hotel brands — JW Marriott — finally could be coming to Clearwater Beach.

Sales are to begin this week for 36 fully furnished JW Marriott Residences, the first of their kind in the United States. They would occupy four upper floors of what also would be a 166-room JW Marriott hotel, one of only about 75 worldwide.

It would be Tampa Bay’s first five-star hotel.

“This is a big deal,” hotelier Uday Lele said Monday of the $120-million project that would replace his DreamView Resort at 691 S. Gulfview Blvd. “I feel that to have this name brand come to Clearwater Beach will benefit all of Tampa Bay in a very big way.”

Lele’s Enchantment LLC is announcing its affiliation with Marriott at a time of unprecedented hotel activity in the Tampa Bay area. Two large new resorts — Opal Sands and the Wyndham — recently opened on Clearwater Beach, and at least 27 other bay area hotels, including several upscale ones, are planned or under construction with a total of 4,000 rooms.

Early last year, Lele said he was in talks with Marriott International about the project. At the time, though, the world’s largest hospitality company said only that while it considered Tampa Bay “a great destination for our JW Marriott Brand,” it had no specific plans for the area yet.

Condo and Hotel Rooms
But on Monday, Marriott confirmed that it had given Lele the green light to launch sales of the condos on the Multiple Listing Service under the JW Marriott name. The one-, two- and three-bedroom units, ranging from about 850 to 1,350 square feet, will be priced from $550,000 to $1.3 million and could be occupied by the owners for a month at a time, Lele said. When rented out, the condos would serve as suites for the hotel and be managed by Marriott.

The 166 traditional hotel rooms would occupy the rest of the 15-story building, which would have an infinity pool, outdoor decks at various levels and a Spa by JW. Plans also call for two restaurants, one similar to the market- style Burlock Coast Seafare & Spirits in Fort Lauderdale, the other serving Peruvian-Japanese fusion cuisine.

The rooms, residences and restaurants all would have views of the 300-foot private beach, which faces Sand Key across an inlet and also looks toward the Gulf of Mexico.

Because of a jog in the coastline, ”in the morning you can see the sun rise and in the evening you can see the sun set,” Lele said. “This is a very special spot, so tranquil and serene.”

Construction could start this fall after the existing hotel is razed and would take about two years, Lele said. He said he has obtained a construction loan.

An expert on the hospitality industry said Lele’s affiliation with Marriott would help the viability of the project, which would be Tampa Bay’s first five-star hotel under a brand name.

“The location is a very good one,” Lou Plasencia, CEO of Tampa’s The Plasencia Group, said Monday. “Anything in that area I think will do well given the amount of visitor traffic that Clearwater Beach has seen of late. Visit St. Pete/Clearwater would welcome any new hotel in that area, especially one of this caliber.”

JW Marriott ranked No. 3 in the luxury segment in J.D. Powers & Associates 2016 North American Guest Satisfaction Study, behind Ritz-Carlton (another Marriott brand) and Four Seasons. The JW chain has two hotels in Miami, one in Orlando and the recently opened JW Marriott Marco Island Beach Resort in Southwest Florida.

“Many other brands approached me because of the uniqueness of the site,” Lele said. “What attracted me to Marriott was its family values and the honor of having (the founder’s) name on the hotel.”

Tampa Bay Times, April 10 2017

Posted in: Clearwater Beach Buyers, Clearwater Beach Lifestyles, Clearwater Beach New Construction Tagged: Clearwater Beach Condos, Clearwater Beach Real Estate, Clearwater Beach Vacation Homes

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