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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.

Pinellas Realtor® Organization June 21, 2019

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.

Pinellas Realtor® Organization May 2019

Prices and Inventory Rise in November

Pinellas County continues to see a rise in year over year sale prices and months supply of inventory. The Average Sale Price for Single Family Homes rose 17.4% from $283,204 in November 2017 to $332,342 in November 2018. The Average Sale Price for Townhome/Condo was $291,228 in November 2018, up 37.0% from $212,649 in November 2017.

INVENTORY
The Months Supply of Inventory for Single Family Homes increased 15.4% year-over-year, with a 3.0 Month Supply this November, as compared to a 2.6 Month Supply in November 2017.

The Months Supply of Inventory for Townhome/Condo rose 10.3% at 3.2 months in November 2018 from 2.9 months in November 2017.

MEDIAN PRICING SINGLE FAMILY
The Median Sale Price for Single Family Homes was up by 12.2% from last year, at $261,500 for November 2018 versus $233,000 for November 2017. Dollar Volume for Single Family Homes saw a 12.1% increase from $292.0 million in November 2017 to $327.4 million in 2018. The Median Time to Contract for Single Family Homes was 26 days in November 2018 and 26 days last November.

MEDIAN TIME TO SALE
The Median Time to Sale for Single Family Homes was 65 days this November, down 1.5% from 66 days last November. New Listings for Single Family for November 2018 were 1,287, up 3.7% from November 2017 at 1,241. The Active Listings for Single Family Homes rose 13.3% from 3,025 in November 2017 to 3,427 in November 2018.

Closed Sales for Single Family were down 4.5%, with 985 in November 2018 versus 1,031 in November 2017. Paid in Cash sales for Single Family decreased 8.2%, from 294 in November 2017 to 270 in November 2018.

MEDIAN SALE PRICE TOWNHOME/CONDO
The Median Sale Price for Townhomes/Condos was $169,900 for November 2018, up 5.2% from $161,500 in November 2017. Dollar Volume for Townhome/Condo increased 50.6% year-over-year, with $140.8 million in November 2017 compared to $212.0 million in November 2018.

MEDIAN TIME TO CONTRACT
The Median Time to Contract for Townhome/Condo market was 26 days in November 2018, down 10.3% from 29 days November 2017. The Median Time to Sale for Townhome/Condo market was 64 days in November 2018 and 63 days in November 2017, up 1.6%. New Listings for Townhome/Condos for November 2018 were at 979, up 16.3% from 842 in November 2017. Active Listings for Townhomes/Condos were up 10.5% from 2,181 in November 2017 to 2,410 in November 2018.

Closed Sales for the Townhome/Condo segment increased 10.0% year-over-year, at 662 in November 2017 versus 728 in November 2018. Paid in Cash sales for Townhome/Condo increased 15.3%, from 340 in November 2017 to 392 in November 2018.

Pinellas Realtor® Organization December 2018

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

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.

Pinellas Realtor® Organization July 24, 2018

Clearwater Beach Real Estate Market Report

May 2018 – The Pinellas County housing market in April continued the trend of higher median sale prices and faster median time to contract for both Single Family Homes and Townhome/Condo. The most noticeable difference that breaks from what we’ve been seeing in 2018, is that for the first time since January 2018, new listings for the month were more than same month last year.

New Listings

New Listings for Single Family for April were 1,449, up 1.4% from last April, at 1,429. New Listings for Townhome/Condos for April 2018 were at 1,007, up 4.8% from 961 in April 2017. The Median Sale Price for Townhomes/Condos was $169,900 for April 2018, up 8.9% from $156,000 in April 2017.

Median Prices

The Median Sale Price for Single Family Homes was up by 7.6% from last year, at $252,750 for April 2018 versus $235,000 for April 2017. The Months Supply of Inventory for Single Family Homes remained the same year-over-year, with a 2.6 Month Supply this April, as compared to a 2.6 Month Supply in April 2017. The Months Supply of Inventory for Townhome/Condo also fell 9.1%, from 3.3 months in April 2017 to 3.0 months in April 2018.

Single Family

Movement on Single Family Home sales also improved year-over-year. The Average Sale Price for Single Family Homes rose from $318,451 in April 2017 to $335,499 in April 2018. The Median Time to Contract for Single Family Homes was 27 days in April 2018, down 6.9% from 29 days last April. The Median Time to Sale for Single Family Homes was 66 days this April, down 7.0% from 71 days last April. Dollar Volume for Single Family Homes increased 4.7% year-over-year, with $406.6 million in 2018 versus $388.5 million in April 2017. Year-over-year, Closed Sales for the Single Family were slightly down -0.7%, with 1,212 in April 2018 versus 1,220 in April 2017.

Townhome/Condo

The Average Sale Price for Townhome/Condo was $236,292 in April 2018, up from $223,482 in April 2017. The Median Time to Contract for Townhome/Condo market was 29 days. It was 34 days in April 2017. Median Time to Sale for Townhome/Condo market was 70 days in April 2018 and 77 days in 2017, down at 9.1%. Dollar Volume for Townhome/Condo saw a 2.2% increase year-over-year, with $203.4 million in April 2018 compared to $199.1 million in April 2017. Coinciding with less Townhome/Condo inventory, closed sales for the Townhome/Condo segment were down by 3.4% year-over-year, at 861 in April 2018 versus 891 in April 2017.

Pinellas Realtor Association May 24, 2018

Clearwater Beach Real Estate Report – March 2018

March 2018 Report
The Pinellas County real estate market is continuing to see higher sale prices and units moving at a faster rate for both the Single Family and Townhome/Condo markets compared to February 2017.

Townhome/Condo
The Townhome/Condo market stats for February 2018 were the most impressive. In January of this year, the Median Time to Contract for Townhome and Condo market was just 35 days. February continued that trend by reducing the Median Time to Contract to an astounding 28 days. It was 47 days in February 2017. After seeing the Median Sale Price for Townhome/Condo increased to $147,500. In January, this figure jumped to $154,000 for February 2018. It was $149,500 in February 2017.

Median & Average Sale Prices Single Family
Movement on Single Family Home sales also improved year-over-year.

The Median Sale Price for Single Family Homes was up by an impressive 10.0% from last year, at $244,250 for February 2018 versus $222,000 for February 2017.
The Average Sale Price for Single Family Homes leaped from $286,417 in February 2017 to $318,139 in February 2018.
The Median Time to Contract for Single Family Homes was 32 days in February 2018, down from 38 days last February.
The Median Time to Sale for Single Family Homes was 73 days this February, down from 81 days last February. Dollar Volume for Single Family Homes increased 8.9% year-over-year, with $295.9 million in 2018 versus $271.8 million in February 2017.
New Listings for Single Family for February were 1,338, down from last February, at 1,370. Year-over-year, Closed Sales for the Single Family segment were down, with 930 in February 2018 versus 949 in February 2017.

New Listings for Townhomes/Condo for February 2018 were at 1,005, up 3.2% from 974 in February 2017. Closed Sales for the Townhomes/Condos segment were up slightly by 3.3% year-over-year, at 667 in February 2018 versus 646 in February 2017. Average Sale Price for Townhome/Condo was $234,296 in February 2018, down from $236,827 in February 2017. Dollar Volume for Townhomes/Condos saw an increase year-over-year, with $156.3 million in February 2018 compared to $153.0 million in February 2017. Median Time to Sale for Townhomes and Condos was 91 days in February 2018 and 65 days in 2017, down 12.2%.

Inventory
Inventory continues to shrink, with Months Supply of Inventory down 7.1% year-over-year for Single Family Homes, with a 2.6 Month Supply this February, as compared to a 2.8 Month Supply in February 2017. Months Supply of Inventory for Townhomes/Condo fell 11.4%, with 3.1 months in February 2018 and 3.5 months in February 2017.

Pinellas Realtor® Organization – March, 2018

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

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

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.

Pinellas Realtors August 27, 2017