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Real Estate Market Holds Strong at Close of 2016

Pinellas County Real Estate Statistics for December 2016

Pinellas-RealtorThe Pinellas County residential real estate market holds strong at the close of 2016. Dollar Volume for Single Family Homes increased 8.1% year-over-year, with $329.0 million in 2016 versus $304.3 million in December 2015. Dollar Volume for Townhome/Condo was $147.9 million in December 2016, up 6.6% from $138.7 million in December 2015. The number of Closed Sales for Single Family and Townhome/Condo combined for December 2016 was 1,875, down 3.5% from 1,944 in December 2015.

Median Sale Price for Single Family Homes was up in a big way again, at 17.6% from last year, at $222,250 for December 2016 versus $189,000 for December 2015. Median Time to Contract for Single Family Homes was 31 days in December 2016, up 3.3% from 30 days last December. Median Time to Sale for Single Family Homes was 73 days this December, the same number of days as last December.

The Condo/Townhome market segment’s sales prices are still holding strong.

  • Median Sale Price was $142,000 for December 2016, up 7.6% over $132,000 in December 2015.
  • Average Sale Price was up 11.9%, with $215,214 in December 2016 and $192,400 in December 2015.

Median Time to Contract for Townhomes and Condos was up 22.2% year-over-year, going from 36 days in December 2015 to 44 days in December 2016. Median Time to Sale for Townhomes and Condos was up 12.0%, at 84 days in December 2016 and 75 days in December 2015.

Year-over-year, closed sales for the Single Family segment were slightly down at 2.9%, and Closed Sales for the Townhome/Condo segment were down 4.7%. New Listings for Single Family for December were 995, down by 5.3% from last December, at 1,051. New Listings for Townhome/Condo for December 2016 were at 680, down 4.0% from 708 in December 2015.

The strong seller’s market continues, with months supply of inventory down 3.4% year-over-year, with a 2.8 month supply this December, as compared to a 2.9 month supply in December 2015. Months Supply of Inventory for Townhome/Condo fell 5.6%, with 3.4 months in December 2016 and 3.6 months in December 2015.

close of 2016

Pinellas Realtor Organization, January 2017

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

Busch Gardens Food & Wine Festival 2017

Busch Gardens Food & Wine FestivalArea residents and visitors who love food, wine and music — make sure Busch Gardens is on your radar this spring. With a full line-up of year-round festivals, the 2017 Busch Gardens Food & Wine Festival is sure to be a don’t miss.

The event that combines food, wine and music, music, music is set to make an extended return this year. Running a full nine weeks with an event kick off on Saturdays and Sundays starting March 4. The festival comes to a close on April 30.

Access to festival-related events, including the concerts, is included with any annual pass, fun card or daily admission ticket purchase. The concerts on the schedule all take place on the park’s Gwazi Field with show times set for 7 p.m.

While there’s still some fluidity in the schedule, Busch Gardens has announced the following talent:

  • Saturday, March 4 – Daughtry
  • Sunday, March 5 – Andy Grammer
  • Saturday, March 11 – Goo Goo Dolls
  • Sunday, March 12 – Kool & The Gang
  • Saturday, March 18 – Young the Giant
  • Sunday, March 19 – Jason Isbell and the John Hiatt Trio
  • Saturday, March 25 – NBC’s “The Voice” finalists Craig Wayne Boyd and Adam Wakefield
  • Sunday, March 26 – El Gran Combo
  • Saturday, April 1 – DNCE
  • Sunday, April 2 – Walk Off The Earth
  • Sunday, April 9 – Daya and Matt Nathanson
  • Sunday, April 16 – Newsboys
  • Saturday, April 22 – Gilberto Santa Rosa
  • Sunday, April 23 – Lynyrd Skynyrd

“The festival returns with signature dishes and exciting new cuisine – including duck tacos, lobster ravioli, bacon mac and cheese, brown sugar rubbed pork belly, banana foster panna cotta, gator bites, and cabernet-filled chocolates – as well as an expanded selection of wines, craft brews and cocktails,” park officials said. Food and beverages are not included with park admission. To try out the alcoholic beverages, guests must be 21 years or older.

For more information, visit Busch Gardens Tampa Bay online.

Posted in: Clearwater Beach Lifestyles, Clearwater Beach Recreation Tagged: Clearwater Beach Events, Clearwater Beach Lifestyles, 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 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

On Trend for Kitchens – Countertop Selections

New Favorites in Countertop Selections

Is it true? Could granite’s 30-year reign be coming to an end? We can’t say for sure. In fact, we think granite remains a solid choice. After all, it’s both durable and attractive — and it’s become increasingly affordable too. But there’s just no denying granite’s seeming decline. As homeowners opt for more modern kitchen designs, they’re also opting for more understated countertop alternatives.

Engineered Quartz:

quartz-countertopsPerhaps granite’s top competitor, engineered quartz offers the beauty of stone without the maintenance. It’s tougher than granite, and it’s highly resistant to scratching, cracking, staining and heat. Unlike granite, which offers the unique qualities of natural stone, engineered quartz is largely uniform; because it’s engineered, there’s no choice of one-of-a-kind slab. There are, however, a number of colors and designs available — from stark modern whites to options closely resembling marble. And, because engineered quartz is non-porous, it never has to be sealed like natural stone.

Wood:

Increasingly, homeowners seek and appreciate natural wood countertops — particularly easy butcher blocks and those custom-created by quality craftsmen. While wood countertops can add warmth, balance and beauty to any modern home, they also require a fair amount of maintenance. Because wood is susceptible to damage from heat and moisture, it must be sealed about once a month. The best part about wood, though, is that it can be refinished in the event that damage does occur.

Soapstone:

Soapstone-center-islandSoapstone is an attractive, natural quarried stone that ranges from light gray to green-black in color. While the material is soft and pliable, it’s also nonporous. Soapstone is also resistant to stains and acidic materials. The downside to soapstone is that it is susceptible to scratches and deep indentations. Light gray soapstone will also weather and darken over time, occasionally developing a patina finish. The material comes in smaller slabs, so seams will be visible in soapstone countertops longer than seven feet.

Concrete:

Concrete countertops came onto the scene in the 1980s — and they’ve evolved a lot since. These days, precast concrete countertops are available in a number of different colors. Generally, they’re flat and smooth, and they can run from 1.5 inches to 10 feet long. While concrete countertops have historically cracked and chipped easily, recent innovations have made them less prone to damage. Concrete is naturally strong and heat-resistant, and slabs can be sealed to prevent staining.

Stainless Steel:

Brushed-Stainless-Steel-CountertopThere’s a reason restaurants use stainless steel countertops in their kitchens. It’s heat-, rust- and stain-resistant; it’s easy to clean; and it won’t absorb or harbor even the toughest bacteria. The downside to stainless steel countertops is that they scratch easily — and they show it too. For this reason, it’s best to use a cutting board any time you’re prepping food on a stainless steel countertop. Also, it’s a good idea to choose a brushed stainless finish that will help conceal any marks. At first blush, you may think that stainless feels ultramodern or cold, but a balance of stainless steel and wood can create a warm, timeless and uber-functional kitchen.

Not Sure Which Countertop to Choose?

When you’re remodeling your kitchen, the most important question to ask yourself is this: Are you remodeling for yourself or a potential buyer? If you’re remodeling for yourself, go with what you like best.

Home Advisor July 2016

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

Sunset Lounge Experience – St. Pete Beach

Sunset Lounge ExperienceBe a part of the limited few… Those that say “yes” to magic… Those that recognize and say “yes” to excellence and quality. Enrich your lifestyle with the Sunset Lounge Experience. Our first edition comes to the Tradewinds Island Resorts on St. Pete Beach, Saturday May 21st, 2016

Designed to offer a feeling of understated elegance within an idyllic seaside setting. Bringing you festive touches of extravagance, touches of the exotic, touches of fantasy… Providing the ideal atmosphere to elicit the best of memories and timeless relaxing moments. From the creator of Chillounge Night….. Let the sunset journey begin.

This unique social gathering feels like a private club. Within the enchanting ambiance of the Sunset Lounge, you feel the rhythm and heat of the night as graceful models showcase exquisite fashions while they interact with the guests … let the dazzling art of fire dance captivate … and sway to the beat as the sensual and colorful ladies of Samba provide that extra magical touch. Music to please, with rare chill-out compilations, are played through the night.

Enjoy authentic and innovative cuisine. We strive for a unique culinary experience in a beach/seaside setting. And what enhances every fine dining and special experience? Champagne. Champagne is a wine of legend.

Enjoy a unique sensory experience with splashes of luxury, stylish and sophisticated… Only 280 may enter… For those of you that want to be “out of the ordinary”, with discriminating tastes. With privileged access and posh look, this unique social gathering feels like your own private club.

Pleasure your ears with rare international chill-out compilations, highlighting many of the iconic electronic music artists. Listen to mixes from the world phenomena albums of café del mar and buddha lounge, among others.

Allow exquisite fashions to catch your eyes as alluring models step out to interact with you… Feel the captivating and dazzling art of fire dancing… Feel the rhythm and heat of stunning, bold, and beautiful samba and exotic dancers as they showcase their fabulous talent. The night will always sparkle at the sunset lounge experience.

Ticket information sunsetloungeexperience.com/

Posted in: Clearwater Beach Lifestyles, Clearwater Beach Recreation Tagged: Clearwater Beach Events, Clearwater Beach Lifestyles, Clearwater Beach Vacation Homes

Clearwater Beach Real Estate Report for March

Pinellas-RealtorClearwater Beach Real Estate
Pinellas County Real Estate Statistics for March 2016

Homes got to contract quicker, closed faster, and sold for more money year-over-year for March of 2016.

The number of closed sales for Single Family and Townhome/Condo combined for March 2016 was 2,069, up 1.9% from 2,030 in March 2015. Year-over-year, the Single Family segment was up big at 18.7% and the Townhome/Condo segment was down 2.2%.

For Single Family, Median Time to Contract was a blistering 31 days in March 2016, compared to 44 days in March 2015 (down 29.5%). Median Time to Sale for Single Family was just 73 days in March 2016, down from 87 days in March 2015 (down 16.1%). This reporting and feedback from members indicates the TRID policies implemented October 1, 2015 have not slowed the closing process as many had feared.

Median Sale Price for Single Family was $200,000 this March, versus $175,000 last March, a wide increase of 14.3%.

Median Sale Price for the Townhome/Condo segment was also up from last March at 10.2%, at $132,000 for March 2016 versus $120,000 for March 2015.

Last month Florida Realtors® added the Median Percent of Original List Price Received stat. For Single Family, it was 95.9% in March 2016, up 1.8% from 94.2% in March 2015. Townhome/Condo was 94.5% in March 2016, up .07% from 93.8% in March 2015.

  • New Single Family listings for March 2016 were 1,533, down a bit at 0.5% from last March, when they were 1,540.
  • New Townhome/Condo listings for March 2016 were 1,007, up 5.4% from 955 in March 2015.
  • Months Supply of Inventory for Single Family was way down at 19.0% from last March, with a 3.4 month supply this March, as compared to a 4.2 month supply in March 2015.
  • Months Supply of Inventory for Townhome/Condo was down 11.8% year-over-year, with 4.5 months in March 2016 compared to 5.1 months in March 2015.

Active listings for March 2016 Single Family and Townhome/Condo combined were 7,125, down
7.9% from 7,734 in March 2015.

Pinellas Realtor® Organization April 2016

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

Clearwater Beach Working to Handle Boom of New Hotels

New Hotels

new hotelsThe boom days never seem to end in Clearwater Beach. Even as a new resort, the Opal Sands, has just opened, several other hotels are under construction and are due to open in the year ahead. They will bring even more people to the already crowded beach.

That is not a bad thing, according to the CEO of the Clearwater Beach Chamber of Commerce Darlene Kole.

“Our beach is the number one beach in the USA and with the popularity of the beach come people,” she said. “The new accommodations on the beach will just offer more options for people to stay.”

There are five new hotels already under construction and a sixth that has gotten approval to begin.

Underway are:

  • Hampton Inn
  • The Windham Grand Resort
  • Springhill Suites
  • Fairfield Inn
  • Clearwater Beach Guest House.

A Courtyard by Marriott is the one with approvals in place but has yet to break ground.Observers might think that with all the new rooms coming on line, roughly 800 new ones this year, that Clearwater Beach will have more rooms than ever before. Not so. There were more rooms on the beach in 2002, but then the condo craze hit and many hotels were converted into condos or demolished to make way for condos.Geri Lopez, Clearwater’s director of Economic Development and Housing, said condos are not good for a tourist economy; hotels on the other hand are.

“It is important because tourism is such a big economic driver,” she said.

A condo resident will buy groceries and stay home; they might eat out once a week, whereas a hotel guest will spend money on all sorts of activities. Hotel rooms bring in more taxes; they help keep the economy going.”

For those who might argue that there is already enough congestion on the beach Lopez said the new construction is well within legal guidelines.

“It is all allowed by the city zoning laws and code,” she said. “And there are property rights for property owners. No one is doing anything they shouldn’t be doing.”

Back in 2002 there were 4,400 hotel rooms on Clearwater Beach. Then hundreds were lost because of the condo conversions. The numbers are just getting back to that level now nearly 15 years later. When all the new hotels are up and running, the total number of rooms on the beach will be 4,300, nearly but not quite the level of 2002.

Michael Delk, Clearwater’s director of Planning and Development, said the next big challenge is managing all the new development.

“We move now from a situation where we try to encourage an upgrade of the current product and expand it. I call it managing the success phase,” he said.

Part of managing the success is finding ways to make the guests comfortable.

“We’re looking at a new parking garage that is due to open on the north beach in a few months,” he said. “Now it is a matter of developing the transportation options and technique to help manage the success.”

Delk says little things are starting to happen on the beach, which make things more pleasant for the visitors.

“On the south beach the owner of the Surfstyle bought the old Walgreens pharmacy and turned it into a Surfstyle, then turned his own store into a neighborhood market, a brilliant idea,” he said.

Delk said the beach has become very pedestrian friendly.

“There is no back-out parking on our beach which makes it pedestrian safe,” he said. “If you are staying here you can park your car for a week and never need it. Everything is within walking distance.”

Chamber of Commerce CEO Kole agrees.

“We are a small island, there is no need of a car,” she said. “All the new structures that are being built include parking so once you arrive you can leave your car. We’re the only pedestrian friendly place in Pinellas County and perhaps in all of Florida that once you arrive you don’t need a car.”

A concern, however, is that there are too many vehicles in and around Clearwater Beach. There is a lineup on the Memorial Causeway every day of motorists trying to get to the beach, then clogging local roads trying to find places to park.

Kole said the remedies are coming.

Ferry Service

“The ferry service is what we are pushing now,” she said. “We’re trying to make it easier for day-trippers to come over and shop and eat and spend the day on the beach. The ferry has been operating for over a year now. There are already two of them and they are very popular.”

Ferry users can leave their cars on the mainland side of Clearwater and retrieve them on the return trip. The same holds true for the hundreds of employees who work in the hotels and restaurants and resorts.

Kole said the activity and success of Clearwater Beach is because everyone involved works hard to keep it that way. She pays particular tribute to the city of Clearwater.

“The city works very hard at keeping the beach clean and safe,” she said. “That is why we’re number one.”

Clearwater Beacon March 26, 2016

Posted in: Clearwater Beach condos, Clearwater Beach Lifestyles, Clearwater Beach Tourism Tagged: Clearwater Beach Lifestyles, Clearwater Beach New Hotels, Clearwater Beach Vacation Homes

It’s Not a Housing Bubble: 3 Reasons

no housing bubleWASHINGTON – March 17, 2016 – Home prices are rising three to four times faster than wages, and credit conditions are loosening, say Lawrence Yun, chief economist for the National Association of Realtors®. Those conditions usually prompt housing analysts to start uttering the words “housing bubble,” but Yun discounts those warnings.

“Even though the credit conditions appear to be easing somewhat, the move is from overly stringent conditions to not-so-overly-stringent conditions,” Yun writes on Forbes.com. “It is a far-fetched view to imply the current mortgage approval process in any way resembles the loosey-goosey, easy subprime mortgage access conditions of a decade ago.”

Reason one: Mortgage credit scores today aren’t anywhere near where they were during the housing bubble. Today, approval scores average about 740 to 750 compared to 710 to 720 during the housing crisis, according to Fannie Mae data.

Reason two: The no-doc requirements for subprime mortgages of yesteryear are nearly gone today.

Yun also says that while home prices are rising above wages, low mortgage rates have been a silver lining.

“For someone making a 20 percent downpayment, the monthly mortgage payment at today’s mortgage rates would take up 15 percent of a person’s gross income,” Yun writes. “During the bubble years, it was reaching 25 percent of income.”

Reason three: Yun says experts can squash bubble fears by just looking at the housing supply. Inventories are at about four to five months today, which is similar to the bubble years.

However, sales aren’t moving at the same pace. Existing-home sales and new-home sales combined were at 8.4 million back then. In 2015, combined home sales were 5.76 million – about one-third lower.

A limited supply of for-sale homes is mostly behind the latest home-price increases, Yun says.

“We are not in a housing market bubble in terms of an inevitable impending home-price crash,” Yun says. “Rather, we are facing an above-normal home-price growth trend, which admittedly is unhealthy on several levels because of the simple economic law of insufficient supply. We need more homebuilding.”

Source: “Are we Entering a New Housing Bubble?” Forbes.com (March 14, 2016)

Florida Realtors® March 17, 2016

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

Florida Breaks Tourism Record for Fifth Consecutive Year

Welcome-to-florida

Tourism Record

Florida welcomed 105 million visitors last year, making 2015 the fifth consecutive year where tourism records were broken.

The new record exceeded the previous high of 98.5 million in 2014 by 6.6 percent, according to Visit Florida, the state’s tourism promotion arm.

The total number of visitors to the Sunshine State last year exceeded the populations of most of the world’s countries. It was about 3 million more people, for example, than inhabit the Philippines.

Meanwhile, the average number of direct travel-related jobs in 2015 also was a record high, with 1,199,200 Floridians employed in the tourism industry, up 4.7 percent compared with the same period last year.

“Tourism plays an important role in supporting our economy, and we will continue to make strategic investments in the tourism industry to keep Florida on track to becoming first for jobs,” said Gov. Rick Scott, who revealed the preliminary tourist count Thursday at Walt Disney World in Orlando. “With five consecutive record years for tourism, it is time to set our goal even higher, and I look forward to welcoming 115 million visitors to the Sunshine State this year.”

Visit Florida estimates that a record 89.8 million domestic visitors traveled to Florida in 2015, reflecting an 8 percent increase from 2014. Estimates also show that 11.2 million overseas visitors and 4 million Canadians came to the Sunshine State last year. The number of people boarding planes at 18 Florida airports during 2015 increased 8.2 percent when compared with the previous year, representing a record 6.1 million more passengers than in 2014.

State Collaboration

Five years of record-setting visitation does not happen by accident, said Visit Florida CEO Will Seccombe, who credited the success to the agency’s global marketing strategy that focused on maximizing the economic impact of Florida tourism.

The collaboration with destination marketing organizations and the money the state has continued to pump into Visit Florida has made all the difference, said Elliott Falcione, executive director for Bradenton Area Convention and Visitors Bureau.

“You’ve got to thank the Legislature and the governor for believing in Visit Florida,” Falcione said. “It’s now proven four years in a row that as the budget increases that visitation increase.”

In pushing to continue the increases, Scott has asked lawmakers to set aside $79.3 million for Visit Florida in the budget for the fiscal year that begins July 1. The funding would be an increase of $6 million from the current year. The House and Senate have each budgeted $80 million for Visit Florida. Of that money, the House has proposed that $1.8 million go to a contract with the Florida Restaurant and Lodging Association to craft an in-state tourism campaign. The Senate has pitched $2 million for the marketing contract with the Tallahassee-based hospitality trade association.

Tourism and recreation taxable sales for Florida as a whole increased every month year-over-year from January through November 2015, representing an 8.6 percent increase over the same period in 2014.

The state is aiming to bring in $100 billion in total tourism related spending by 2020.

2015 FLORIDA TOURISM BY THE NUMBERS

  • Total 2015 Visitors: 105 million, up 6.6%
  • Total Floridians employed in tourism: 1,199,200, up 4.7%
  • Domestic visitors: 89.8 million, up 8%
  • Overseas visitors: 11.2 million
  • Canadian visitors: 4 million
  • Number of people boarding planes at 18 Florida airports: 74.3 million, up 8.2%
  • Taxable sales increase January to November 2015: 8.6%
  • Average daily room rate increase: 5.9%
  • Number of rooms sold increase: 4.5%
  • Average room occupancy rate: 72 percent, up 3.2 percentage points

Source: Visit Florida

Herald Tribune February 18, 2016

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

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