Clearwater Beach Real Estate Market News Archives

Clearwater Beach Housing Holds Strong

The latest numbers are in for June and they show that the market holds strong, including the highest Closed Sales figure for the Single Family Homes segment since at least 2009.

Dollar Volume for Townhomes/Condos saw a 33.0% increase year-over-year, with $219.4 million in June 2017 compared to $165.0 million in June 2016.
Dollar Volume for Single Family Homes also had an increase of 13.0% year-over-year, with $474.2 million in 2017 versus $419.8 million in June 2016.

Median Sale Price

Median Sale Price for Single Family Homes was up 12.9% from last year, at $248,450 for June 2017 versus $220,000 for June 2016.
Median Sale Price for Town homes/Condos was $160,000 for June 2017, up 13.8% from $140,551 in June 2016.

Median Time to Contract for Single Family Homes was 23 days in June 2017, down 17.9% from last June.
Median Time to Sale for Single Family Homes was 69 days this June, down 4.2% from 72 days last June.

Average Sale Price for Single Family Homes grew 10.0%, at $327,052 in June 2017 versus $297,304 in June 2016.

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

Median Time to Sale for Townhomes and Condos decreased 10.5% year-over-year at 77 days in June 2017 and 86 days in 2016.
Average Sale Price saw an 18.2% increase with $243,746 in June 2017 and $206,242 in June 2016.

Median Time to Contract for Townhomes and Condos was down 22.7% year-over-year, going from 44 days in June 2016 to 34 days in June 2017.

Year-over-year, Closed Sales for the Single Family segment were up 2.7%, and Closed Sales for the Townhomes/Condo segment were up 12.5%. New Listings for Single Family for June were 1,487, down 0.4% from last June, at 1,493. New Listings for Townhomes/Condo for June 2017 were at 888, up 16.7 from 761 in June 2016.

Inventory

The strong seller’s market continues in June, with Months Supply of Inventory down 7.4% year-over-year for Single Family Homes, with a 2.5 Month Supply this June, as compared to a 2.7 Month Supply in June 2016. Months Supply of Inventory for Townhomes/Condo fell 13.9%, with 3.1 months in June 2017 and 3.6 months in June 2016.

Pinellas Realtor Org. July 2017

U.S. Home Prices Reach Record High for Sixth Straight Month

U.S. home prices reached a new high in May for the sixth straight month, which may raise fears of another housing bubble roughly a decade after a previous one burst.

The index

Case-Shiller Home Prices Index

Community; one-year change

Seattle +13.3%
Portland, Ore. +8.9%
Denver +7.9%
Dallas +7.8%
Detroit +7.6%
Las Vegas +6.9%
Tampa +6.8%
San Diego +6.6%
Boston +6.1%
Charlotte, N.C. +6.1%
Minneapolis +5.7%
Phoenix +5.7%
Los Angeles +5.6%
Atlanta +5.5%
San Francisco +5.4%
Miami +5.3%
New York +4%
Cleveland +3.6%
Washington D.C. +3.6%
Chicago +3.3%

Source: Standard & Poor’s

The Standard & Poor’s CoreLogic national home price index, released Tuesday, increased 5.6 percent in May, the latest data available. It is now 3.2 percent higher than its July 2006 peak.

Some analysts downplay the notion of a new bubble, and the unrelenting price increases may already be cooling sales. Other aspects of the last decade’s housing boom and bust, such as rapid sales increases and surging home building, are not happening now.

“Price increases vary across the country, unlike the earlier period when rising prices were almost universal,” David Blitzer, chairman of the Index Committee at S&P, said.

A separate price index maintained by the National Association of Realtors is also rising steadily, though it remains about 9 percent below its 2006 peak. The S&P CoreLogic index tracks the same houses over time and is generally considered a better gauge of price changes, while the NAR’s measure is affected by the proportion of higher-priced or lower-priced homes on the market.

Tampa and Miami are included in the list of 20 cities. Tampa saw prices rise 6.8 percent during the last 12 months, while Miami saw an increase of 5.3 percent.

The national picture

Much of the price gain measured by the Case-Shiller Index is being driven by Seattle; Portland, Oregon; and San Francisco.

Herald Tribune July 25, 2017

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.

Pinellas Realtor Org. June 2017

Clearwater Real Estate Report March 2017

March Real Estate Report

As we wrap up the first quarter of 2017, we are seeing some powerful numbers springing into the next season. Dollar Volume for Townhomes/Condos was $199.3 million in March 2017, an astonishing increase of 35.6% from $147.0 million in March 2016. Dollar Volume for Single Family Homes increased 21.5% year-over-year, with $408.9 million in 2017 versus $336.6 million in March 2016.

Median Time to Contract for Townhomes and Condos was down 30.0% year-over-year, going from 40 days in March 2016 to 28 days in March 2017. Median Time to Contract for Single Family Homes was 30 days in March 2017, down 3.2% from last March. Median Time to Sale for Single Family Homes was 71 days this March, down 4.1% from 74 days last March. Median Sale Price for Single Family Homes was up 15.0% from last year, at $230,000 for March 2017 versus $200,000 for March 2016. Average Sale Price for Single Family Homes grew an astounding 16.0%, at $299,356 in March 2017 versus $258,152 in March 2016.

The Townhome/Condo market segment’s sales prices are still holding strong. Median Time to Sale for Townhomes and Condos was down 9.1%, at 70 days in March 2017 and 77 days in March 2016. Median Sale Price for Townhomes/Condos was $139,000 for March 2017, up 4.5% from $133,000 in March 2016.

Year-over-year, Closed Sales for the Single Family segment were up 4.8%, and Closed Sales for the Townhome/Condo segment grew an impressive 26.3%. New Listings for Single Family for March were 1,607, up 4.8% from last March, at 1,533. New Listings for Townhome/Condo for March 2017 were at 1,063, up 5.6% from 1,007 in March 2016.

The strong seller’s market grew even stronger in March, with Months Supply of Inventory down 6.9% year-over-year for Single Family Homes, with a 2.7 Month Supply this March, as compared to a 2.9 Month Supply in March 2016. Months Supply of Inventory for Townhome/Condo fell an astounding 15.0%, with 3.4 months in March 2017 and 4.0 months in March 2016.

Pinellas Realtor Organization, April 21, 2017

Impressive Sales Figures for February 2017

This February has boasted some impressive sales figures for both the Single Family Home and the Townhouse and Condo sectors.

Dollar Volume for Townhome/Condo was $153.0 million in February 2017, an incredible increase of 30.0% from $117.7 million in February 2016.

Median Sale Price for Single Family Homes was up 16.8% from last year, at $222,000 for February 2017 versus $190,000 for February 2016.
Median Sale Price was $149,500 for February 2017, up 20.6% from $124,000 in February 2016. Average Sale Price grew an astounding 25.0%, with $236,827 in February 2017 and $189,521 in February 2016.

Median Time to Contract for Single Family Homes was 38 days in February 2017, the same as last February. Median Time to Sale for Single Family Homes was 81 days this February, down just 1.2% from 82 days last February. Dollar Volume for Single Family Homes increased 4.8% year-over-year, with $271.8 million in 2017 versus $259.3 million in February 2016. The Condo/Townhome market segment’s sales prices are still holding strong.

Median Time to Contract for Townhomes and Condos was down 4.1% year-over-year, going from 49 days in February 2016 to 47 days in February 2017. Median Time to Sale for Townhomes and Condos was down 3.4%, at 91 days in February 2017 and 88 days in February 2016.

Year-over-year, Closed Sales for the Single Family segment were down 6.2%, and Closed Sales for the Townhome/Condo segment grew 4.0%. New Listings for Single Family for February were 1,370, down 9.8% from last February, at 1,519. New Listings for Townhome/Condo for February 2017 were at 974, down 6.1% from 1,037 in February 2016.

The strong seller’s market continues, with Months Supply of Inventory down 3.4 year-over-year for Single Family Homes, with a 2.8 Month Supply this February, as compared to a 2.9 Month Supply in February 2016. Months Supply of Inventory for Townhome/Condo fell an astounding 14.6%, with 3.5 months in February 2017 and 4.1 months in February 2016.

Pinellas Realtor Org., March 27, 2017

Real Estate Market Holds Strong at Close of 2016

Pinellas County Real Estate Statistics for December 2016

Pinellas-Realtor The 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

Clearwater Beach Real Estate Report – November 2016

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.

Clearwater Beach Real Estate

Pinellas Realtor Organization, December 2016

Clearwater Beach Real Estate Report September 2016

Pinellas County Real Estate Statistics for September 2016

At this time of year everyone starts to get in the spirit for the holidays. We are happy to share some stats from
the Pinellas County Housing Department that will give you even more of a reason to be excited.

Pending Inventory for Townhouses and Condos has climbed up to 18.9% over the past year, with 830 listings this year compared to 698 in September of 2015. Median Sale Price, Average Sale Price, and Dollar Volume for Single Family Homes have increased over the past year at 16.6%, 10.6% and 12.2%, respectively.

Median Sale Price for the Townhome/Condo segment was up 5.0% from last year, at $126,000 for September 2016 versus $120,000 for September 2015.

Median Time to Contract for Townhome/Condo was 36 days in September 2016, down 20.0% from 45 days last September. Median Time to Sale for Townhome/Condo was 80 days this September, versus 86 days in September 2015, a -7.0% change year-over-year.

Median Time to Contract for Single Family was down 23.5% year-over-year, going from 34 days in September 2015 to 26 days in September 2016. Median Time to Sale for Single Family was 72 days in September 2016, just a hair less than September 2015, which was 75, a decrease of 4.0%.

The number of Closed Sales for Single Family and Townhome/Condo combined for September 2016 was 1,885, up 1.3% from 1,860 in September 2015. Year-over-year, closed sales for the Single Family segment were up 1.4%, and Closed Sales for the Townhome/Condo segment were up 1.2%. New Listings for Single Family for September were 1293, a growth of 1.9% from last September, when they were 1,269. New Listings for Townhome/Condo for September 2016 were at 823, up 6.1% from 776 in September 2015.

Dollar Volume for Single Family was $342.4 million in September 2016, a 12.2% increase from $305.1 million in September 2015. Dollar Volume for Townhome/Condo was $128.0 million in September 2016, up 0.9% from $126.9 million in September 2015.

Months Supply of Inventory for Single Family continues to reflect a seller’s market, with inventory down 2.9% year-over-year, with a 3.3 month supply this September, as compared to a 3.4 month supply in September 2015.

Months Supply of Inventory for Townhome/Condo was unchanged year-over-year, with 3.8 months in both September 2016 and September 2015. Active listings for September 2016 Single Family and Townhome/Condo combined were 6,557, down 0.6% from 6,599 in September 2015.

september-2016-stats

Pinellas Realtor Organization 10/2016

Pinellas County Real Estate Statistics for July 2016

Statistics for July – This summer the Pinellas County Housing Market has been nothing short of sizzling. For July we see some stats start to cool off, but every indication remains that our market continues to be strong.

Median Sale Price for Single Family was way up 16.2% at $214,950 this July, versus $185,000 last July.

Median Sale Price for the Townhome/Condo segment was up 6.9% from last year, at $139,000 for July 2016 versus $130,000 for July 2015.

Median Time to Contract for Townhome/Condo was 40 days in July 2016, way down 32.2% from 59 days last July.

Median Time to Sale was 79 days this July, versus 99 days in July 2015, a huge -20.2% change year-over-year.

Median Time to Contract for Single Family was down 9.4% year-over-year, going from 29 days in July 2015 to 32 days in July 2016.

Median Time to Sale for Single Family was 75 days in July 2016, even with July 2015.

The number of Closed Sales for Single Family and Townhome/Condo combined for July 2016 was 1,923, down 9.3% from 2,121 in July 2015. Year-over-year, closed sales for the Single Family segment were down 10.0%, and Closed Sales for the Townhome/Condo segment were down 8.2%.

New Listings for Single Family and Townhome/Condo combined were up 1.1% for July 2016 over July 2015, at 2,156 versus 2,133 last year.

Dollar Volume for Single Family was $353.5 million in July 2016, up 5.6% from $334.6 million in July 2015.

Dollar Volume for Townhome/Condo was $135.7 million in July 2016, down 2.4% from $139.0 million in July 2015.

New Listings for Single Family for July 2016 were 1,344, down 8.1% from last July, when they were 1,462. New Listings for Townhome/Condo for July 2016 were 812, way up 21.0% from 671 in July 2015.

Months Supply of Inventory for Single Family continues to reflect the seller’s market, with inventory down 10.8% year-over-year, with a 3.3 month supply this July, as compared to a 3.7 month supply in July 2015. Months Supply of Inventory for Townhome/Condo was down only 2.5% year-over-year, with 3.9 months in July 2016 compared to 4.0 months in July 2015. Active listings for July 2016 Single Family and Townhome/Condo combined were 6,601, down 5.1% from 6,954 in July 2015.

Pinellas Realtor® Organization, August 2016

Clearwater Beach Real Estate Report for June 2016

Pinellas-Realtor Pinellas/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