Tampa Bay
Real Estate Market Reports
Clearwater Real Estate Market Gets Good News But Have We Hit Home Price Bottom?
October 6th, 2008 Categories: Clearwater Florida, Home Seller Tips, Real Estate Market Reports, Tampa Bay
Clearwater Real Estate Market Report
Clearwater Florida - Last week we wrote about the 10 cities most likely effected by the meltdown on Wall Street. In all the bad new the Tampa / Clearwater real estate market got some good news. Standard & Poor’s released its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices report for which we have over 
20 years of records. The good news… showed that this July Tampa home prices were almost flat and many believe that was when our local real estate market hit bottom. Of course hindsight is always 20/20 and only time will tell.
It was the first month in 24 months (having to go all the way back to July 2006) that average home values in the Tampa real estate market had not significantly declined from the high of $238,900.
Is this the bottom of the Clearwater Real Estate Market?
Tampa average home prices in June 2008 had dropped to $175,110 and newly released July 2008 the average home prices were $175,070.
While this is encouraging news it’s still been a painful process to see home values drop over 26% in the last two years and 19.4% in the last 12 months a fact that home sellers have had to come to grips with.
We are seeing more activity and Clearwater homes are being sold in the last few months along with the fact that we have fewer properties for sale that we have in the last year. Right now our prices are back at December 2004 levels (see chart below) - YEESH that’s not good news for home sellers and explains why we see so many short sales and foreclosures in Clearwater.
Now obviously these numbers group in all of Tampa Bays diverse neighborhoods and areas from the beaches to rural areas and we all know Clearwater real estate is local and each neighborhood’s average home prices and their declines are unique. We offer you the opportunity to find out exactly what’s happening in your neighborhood by getting our Neighborhood Real Estate Market Report - which is based on real time information and also includes community information on Pinellas schools and more.
Why not find out now?
For those of you that love to track numbers - I’ve included the Case Shiller historical home price indices for you.
Historical Look at Tampa / Clearwater Home Price Indices
- You may also enjoy this article by our friend, Lenny Gurvich, South Tampa Realtor who also wrote about the Tampa Real Estate Market
So what do you think? Are we at the bottom yet? I’d love to hear your thoughts….
If you are thinking of selling your Clearwater home or homes in Pinellas county we would be happy to discuss specifics on what’s happening in your neighborhood. Give us a call at (727) 710-8036 and if you are someone who is still trying to take advantage of today’s buyers market we can help you so give us a call as well or feel free to search all Pinellas real estate for sale.
Cyndee & Jack Haydon - Clearwater Real Estate agents specializing in Bluest Backyards of our Pinellas beaches and luxury homes.
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Clearwater Beach Real Estate - The Future’s So Bright I Gotta Wear Shades
January 2nd, 2008 Categories: Clearwater Beach Florida, Clearwater Florida, Island Estates Florida, Luxury Real Estate, Real Estate Market Reports, Real Estate News, Sand Key Florida, Tampa Bay, Tampa Bay FL Luxury Real Estate, Tampa Beach Living, Tierra Verde Florida
Clearwater Beach Florida – Maybe you remember the 80’s hit from the group named Timbuk3 titled “The Futures So Bright (I Gotta Wear Shades)”. Here is the link if you want to see & hear the video.
That song reminds me of what our local Clearwater Florida real estate market for home and condo resales should look like in 2008 and beyond as local Tampa Florida real estate market conditions continue to improve.
National Association of Realtors reports that in this market, our Tampa Bay economy is adding jobs, mortgage rates remain in our favor, our second home market is healthy, our location near the beach continues to be attractive, and further production cuts in new home construction should lower supply all of which should lead to an increase in home prices and lower inventory in 2008. (Email us to request full report supplied by National Association of REALTORS )
So, if you are in the market to buy a first or second home in the Tampa
Bay area check out what some of our real estate customers are saying, then call us to find the right home for you.
Clearwater Florida Real Estate - Homes & Condos
Are you looking to buy Clearwater Luxury Real Estate where you can enjoy your luxury pool home, our beautiful green golf course communities, playing tennis all year long and dining and entertaining at local country clubs? Looking for an easy commute to Tampa? Something Close to our Tampa Beaches? We can help you find your dream home, condo, villa or townhome. Here’s what some of our past clients have to say about how we helped them….
** CLICK ON PHOTOS BELOW TO SEE CLIENT VIDEO TESTIMONIALS **
Buyers tell us that selecting the best Clearwater Florida Real Estate Agent, online or from a distance, can be a challenge. Some of our past clients agreed to share their experiences and tell you why they think you should work with us.
Click on the photos below and meet some of our clients and now friends…we’d love to be YOUR choice too! 
Want more info on Clearwater Beach Real Estate? Search the Clearwater Beach MLS multiple listings of all properties including all waterfront Clearwater Beach homes for sale and beachfront condos in Clearwater.
Looking for Real Estate in Clearwater Florida, Golf Course Condos | Homes or Country Club Communities – Give us a Call. (727) 422–8901.
The above information and images are Copyright © 2007 Jack and Cyndee Haydon, REALTORS and your Clearwater Real Estate Consultants and may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law.
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Clearwater Beach Florida | Canadians and Europeans Finding Clearwater Real Estate Bargains
November 12th, 2007 Categories: Clearwater Beach Florida, Clearwater Florida, Condos for Sale, Luxury Real Estate, Real Estate Market Reports, Real Estate News, Sand Key Florida, Tampa Bay, Waterfront Living
Clearwater Beach Vacation Homes funded by weak US Dollar
Clearwater Beach, Florida - Cyndee and I have seen a dramatic increase in the number of Canadians and Europeans calling and inquiring about buying real estate in Clearwater, Clearwater Beach and Sand Key Florida. During this past week we had over 6 beach condo inquiries alone. Some economists are predicting a new real estate investing trend is emerging in US real estate based on the low value of the dollar.
In addition local Tampa Mortgage expert, Leah Ross, with Amerifirst Mortgage, reports in her recent article, Foreign Investors in Tampa Bay – The Loan Process – Step 1, receiving many more calls and emails this year when compared to last year from Canadians and Foreign Investors looking to purchase great properties on Tampa beaches.
Foreigners finding Dollar helps Second Home on Clearwater Beach become Reality
“The dollar is on sale,” said Susan Wachter, real estate professor at
the Wharton School at the University of Pennsylvania. This perspective
is fueled by the fact that the S&P/Case-Shiller Index reports monthly
declines in sale prices throughout 2007, and everyone is aware that
the number of homes sold in 2007 has declined monthly as well.
The result is that the US dollar has dropped to record lows when compared
to the euro and that means savvy Europeans are bringing more spendable
cash into the US. For example, the last time I checked $50,000 was
equivalent to 34,100 euros and that figure was 37,920 euros in January
of 2007.”
“In a market with great turmoil, (the weak dollar) is one factor supporting some key markets,” Wachter said of the weakening dollar. Source: Tampa Bay Online
Here in the Clearwater Florida area we have seen Tampa mortgage lenders tightening their lending rules making it harder for home and condo buyers to get a home loan to purchase real estate. This is not effecting everyone, but it does reduce the overall number of home buyers in the Tampa Bay real estate market.
Also Read: Buying Clearwater Florida Real Estate Bargains
Now is Time to Buy Bargain Clearwater Beach Real Estate
In summary, it is a great time to buy that vacation Clearwater beach house or that Sand Key condo on the water you’ve been dreaming of. Right now you’ll find lower real estate prices (as shown in our Real Estate Monthly Market Reports) and plenty of homes and condos for sale, so let us help you find your new vacation home in one of the most beautiful places on this earth – Clearwater Beach Florida.
Clearwater Florida Real Estate
Are you looking to buy a Clearwater Beach Waterfront Home, Island Estates waterfront condo or Sand Key Condo on the beach? Here’s what some of our past clients have to say about how we helped them….
** CLICK ON PHOTOS BELOW TO SEE CLIENT VIDEO TESTIMONIALS **
Buyers tell us that selecting the best Clearwater Beach Real Estate Agent, especially online or from a distance, can be a challenge. Some of our past clients agreed to share their experiences and tell you why they think you should work with us.
Click on the photos below and meet some of our clients and now friends…we’d love to be YOUR choice too!
Want more info…click to get it now!
The above information and images are Copyright © 2007 Jack and Cyndee Haydon, Clearwater Beach Real Estate Consultants and may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law.
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