Real estate trends for Clearwater Beach Condos for October 2013 are summarized for the 33767 zip code. The 33767 area includes Clearwater Beach, Island Estates and Sand Key.
In October there were 31 Clearwater Beach condo sales with a median sales price of $329,000 with home sellers getting about 95% of the list price. The 31 condo sales in October is lower than the 36 sales per month level for the last 6 month period. October 2013's $329,000 is about 4% lower than the $342,500 six month median sales price. About half of the Clearwater Beach condo October sales were for Sand Key as shown to the right.
Market Supply and Demand for Clearwater Beach October 2013
Pinellas County inventory is low at a 4 1/2 month supply in the County. With much higher price points, the Clearwater Beach area is higher than this, but is a balanced 6 month inventory in most price brackets except for the highest price brackets where there is a 9 to 12 month supply. A six month supply represents a "balanced market" with neither the buyer nor seller at an advantage. This is good news to condo sellers who have been facing much higher inventory levels in the past giving buyers more negotiating power. The inventory levels for different price points is summarized below.
Real Estate Trends for Clearwater Beach Condos -- October Sales Units vs Historical
The number of Clearwater Beach condos sold fell to a low in 2006 and 2007. The number of sales has been steadily rising since then to a level of about 30+ sales per month as shown below.
Real Estate Trends for Clearwater Beach Condos -- October Sales Volume vs Historical
Clearwater Beach condo sales prices have been falling since 2006 but seem to have stabelized with a slight, if not always consistent, upward trend since 2011 as shown below.
If you would like to know more about what these trends mean to you, or if you would like a free/no obligation estimate of your home's value in today's market, please contact us at 800-964-9841.