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Clearwater Beach State of The Market Single Family and Condo

by Tom Smith Team

January 2019 Clearwater Beach and Belleair market single family homes from $400,000 to 1,700,000.  The data indicates the single-family market is still strong.  The average sale price in 2018 for our market was $734,731 compared to $715,364 in 2017.    The absorption rate for December was 13%.  There were 87 active listings in December and 95 in January.  There were 11 closed sales and 11 new listings in December.  There has been a total of 29 closings in this range since October and 54 new listings.  Months of inventory decreased from 20 in November to 9 in December.  The average median sale price for December was $690,000 down 9% from the 12-month average.  

The condo market is still strong based on the recent data.  Property values in our market are increasing but at a slower pace.  Our data here is for the Clearwater Beach and Belleair market condominiums from $400,000 to 1,000,000.  The median sale price for December was $645,000.  The average sale price for the last 12 months is $594,000.  The average sale price for 2017 was $546,999.  The absorption rate for December was 17%.  There are 104 active listings to date.  There were 17 closed sales and 22 new listings in December.  Months of inventory was 6 for December down from 8 in November.  In 2018 there were 216 closings in this range compare to 194 in 2017.

The economy in Florida is healthy with optimism remaining at a high level.  Historically the next few months, March through August, have the highest absorption rates.  If that trend continues, we could see an increase in closings.

With our best,

Tom Smith Team
Over $100 Million Sold!

2019 MINGLES with Tom Smith Team and Clearwater Beach Chamber

by Tom Smith Team

   9 

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Clearwater Beach Chamber

January 31st

Salon South Beach

February 28th

Surfside Tap House

March 28th

Speggtacular Clearwater Beach

April 25th

PROforma N&M Communications

May 30th

Clearwater Yacht Club

June 27th

Hogan's Hangout

July 25th

 Shephard's Beach Resort

August 29th

Crabby's Dockside

September 26th

 Quality Hotel Beach Resort

October 24th

 Wildflower Cafe/Suncoast Jazz

November 14th

 The Tropics Boat Tours

December 19th

 Hampton Inn & Suites by Hilton Clearwater Beach

Special Announcement Featured Sponsor of The Clearwater Beach Chamber

by Tom Smith Team

The Tom Smith Team is pleased to announce our membership with the Clearwater Beach Chamber of Commerce for 2019.  We are only one of 8 featured sponsors and the only real estate team sponsor.

Local Community Expertise

Being a part of this organization The Tom Smith Team continues to position our team as a local community expert helping to address many facets of our developing area (such as pedestrian safety, traffic flow/parking improvements, wildlife conservation, beautification and much more) to ensure that the principles and values, that helped make our slice of paradise so desirable, remain as the cornerstone of future growth.  Visit the Beach Chamber for information on upcoming events www.beachchamber.com/signatureevent  

As our clients we will be keeping you in touch with all that is happening locally that affects your property value.  Please call us anytime for more information and keep an eye out for notifications and market updates.

With our best,

Tom, Vivian, Kristin, Stephen, Amanda and Iwona

The Tom Smith Team
Over 100 Million Sold!

 

SAVE THESE DATES!

February 4

Event: Job Fair

March 31

Event: Iron Girl Clearwater

April 12-28

Event: Pier 60 Sugar Sand Festival

May 3

Event: 10th Annual Clearwater Beach Taste Fest @ Pier 60 Park

June 4

Event: 24th Annual Awards Banquet

June 18

Event: 6 Chamber Trade Show

August 16

Event: Beach Chamber Night - Free Trade Show

September 13-27

Event: 10th Annual Restaurant Week

September 27-29

Event: Clearwater Super Boat Races

October 17-20

Event: Clearwater Jazz Holiday

October 18-20

Event: 8th Annual Chalk Art Festival

November 4

Event: 24th Annual Chamber Golf Tournament

November 22-24

Event: Suncoast Jazz Festival

December 4

Event: 24th Annual Holiday Breakfast

December 31

Event: 8th Annual Light It Up Clearwater Fireworks

To add your event to our Community Calendar, click here

 

 

 

Displaying blog entries 1-3 of 3

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Contact Information

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Tom Smith Team
Coastal Properties Group International
423 Mandalay Ave., #102
Clearwater Beach FL 33767
(727) 776-3375