Clearwater Beach Fl – You know we work with lots of Clearwater Beach Fl buyers so we keep our finger on the pulse and the last two weeks we’ve been seeing Clearwater Beach condos are selling. So many people are still believing the news media and all the doom and gloom – however that is not true everywhere. Prices on Clearwater Beach have dropped dramatically the last 2 years and people who still think they are going to buy a beachfront condo at 20+% off the price the seller’s are asking are in for a rude awakening. [youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=vnVWg4qfdZE[/youtube]
In the last 30 days, 20 more Clearwater Beach Florida condos went pending and 15 Clearwater Beach Fl condos closed and it wasn’t the “cheapest beachfront properties” – though there’s always a market for those. We’ve seen buyers who’ve been on the fence decide for themselves that the bottom is here or may have passed. Why do I say that – I know of more than one occasion where a cash buyer paid more than the appraised value for a condo; Clearwater Beach condos getting multiple offers and some of the highest priced ones even getting full asking price.
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There’s so much mis-information out there I wanted to share some of the facts. This information only covers Clearwater Beach Fl – not Sand Key or Island Estates sales for the last 30 days.
The highest priced unit to sell was a front unit at the Sandpearl Residences – which closed for $1,825, 000 and 99% of the asking price at $707 a square foot. 3 properties sold for over $1 million. The average for the last 30 days was $716,563 or $292 a square foot with an average sold price of 90% of the asking price – which is skewed a little low with a couple of short sales that finally got resolved.[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=ktJKi2BG3Nw [/youtube]
When you look at the 20 pending sales for properties in Clearwater Beach Fl you find that there is still one what appears it will sell for over $700/sq ft- it’s a beachfront house that was listed at $2,499,000. Several of the condos under contract are Belle Harbor Condos, Mandalay Beach Club Condos or luxury Sandpearl Condos. We had buyers looking last week and the pickings on good units was definitely thinning.
These 35 properties do not account for the 19 that are under contract and moving through the contingency period. So that’s 70 properties off the market in the last 30 days for Clearwater Beach alone and I know of several that are in the negotiation process as I write this.
So what does this mean to you? If you’ve been waiting convinced that prices will continue to drop – we’re not seeing that play out. No one knows what tomorrow brings (I never expected the banks to fall and become Government run in a blink of an eye so each person has to assess this info for themselved) I can say that I know of people that were convinced themselves – and they may still end up being right but on more than one situation – awesome beachfront condos have gotten offers lower than we’ve seen in 7 years and we’re seeing offers now higher. So you decide. If you are looking for the long term it seems like now is the time to find you piece of paradise or be prepared to pay more for it in the future.
If you’d like to know about what’s happening in a particular Clearwater condo community just give us a call and we’ll bring you up to speed on what’s happening right now.
And if you’re looking for a Clearwater FL Realtor we’d like you to know that we are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience – helping you find the perfect Clearwater Beach houses for sale.
We’d like to be YOUR Clearwater Beach Real Estate Team!
Call Cyndee @ 727.710.8035 or Jack @ 727710.8036
Cyndee and Jack Haydon
Charles Rutenberg Realty
Clearwater Real Estate Office
1545 S. Belcher Rd
Clearwater Florida 33764
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)