For Condos in the Clearwater Beach market ranging from $400,000 to $800,000 the average sale price has fell from $615,000 in January to $571,000 in February and $554,000 in March.  Total sales ticked up to 23 units in March from 20 in February.  Inventory dropped from 8 months to 7 months and the total number of listings remained at 160.  Over the last 2 years the average sale price of Condo’s in this range have been in a range with bounces as low as $521,000 in February of 2018 and as high as $615,000 in January of $2019.  Sales per month reached its highest total in June of 2017 with 36.  Since then sales have been in a slow downward trend managing to break over 30 units only once since.

Pricing and condition continue to be the largest factor in the amount of time a property takes to sell. The “sweet spot” is when a home is in top condition and priced competitively, creating a higher demand and more activity. The result is less time on the market

The Tom Smith Team specializes in luxury property sales and select luxury rentals.  Give us a call today if you have any questions about the condo or single family home market.

The Tom Smith Team was ranked in the top 3% of realtors in Pinellas County in 2018, has over 40 years of experience and over $100 million sold!