Luxury Real Estate
Tampa Beach Living
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.
| Currently 5 Comments »
Clearwater Beach Condos | Sand Key Condos | Ocean front Real Estate Market Report -2007
December 29th, 2007 Categories: Clearwater Beach Florida, Condos for Sale, Luxury Real Estate, Real Estate Market Reports, Real Estate News, Sand Key Florida, Tampa Bay FL Luxury Real Estate, Tampa Beach Living, Waterfront Living
Clearwater Beach Florida – Today we are recapping information regarding condos that have sold on the beach in Clearwater Beach | Sand Key this past year compared to the previous year. We’re all standing by to see where 2008 takes our luxury beach real estate in Clearwater Florida, however, Jack and I are seeing lots of serious buyers prepared to purchase their luxury Clearwater Beach condo in early 2008.
We have included a 2 year historical look since our condominium real estate market on Clearwater Beach and Sand Key has seen lots of changes over the last two years with new buildings and complexes like Sandpearl, Belle Harbor, Mandalay Beach Club being completed and other projects like Indigo that didn’t make it off the ground.
Gulf Front Condos on Clearwater Beach | Sand Keys 2007 Year in Review
As I shared in the first report in our series, Pinellas Luxury Condo Report, it’s been a buyer’s market in the Tampa Bay area and especially on Clearwater Beach where there was a lot of “speculative” Clearwater Beach condo investing in new developments with the intent of just flipping these beach condos quickly by buyers “on paper” that never planned to own or live in them. Here is the second report in our new series called the Real Estate Market Report – 2007 Year In Review.
Why do niche Tampa Real Estate market reports? Readers tell us that it’s easy to find information on total Pinellas County market statistics however it can be misleading when those reports include everything from condos under $100,000 in 55+ Adult Retirement Condo Communities to the record setting condo sale of $4,400,000 at the Sandpearl Residences condos on Clearwater Beach this past month. 5 condos sold for over $3,000,000 this year in communities like The Grande, Mandalay Beach Club, Vinoy Place and Parkshore Plaza. Luxury condos and fine living still have their discriminating buyers even in this real estate market.
Just like all real estate is local – we believe each Tampa Bay real estate market niche is unique especially when you are looking at Tampa beach communities on the ocean and our goal is to provide you with a deeper view into our Gulf Front Clearwater Beach | Sand Key Condo Real Estate Market. We’ve been doing the detailed research and preparing reports on different Tampa Bay real estate market niches like:
- Report 1 – Luxury Condos (over $500,000) in Pinellas County
- Report 2 – Gulf front Condos in Pinellas County
- Report 3 – Pool Homes in Clearwater Florida (coming)
- Report 4– Clearwater Florida Homes Real Estate Report (coming)
- Report 5 – Luxury Homes (over $500,000) in Pinellas County (coming)
- Report 6 – The Clearwater Beach Sand Key Condo Report (coming)
- Report 7 – Island Estates Real Estate Report (coming)
- Report 8 – Clearwater Florida Condos Real Estate Report (coming)
…and how they’ve performed in 2007. We’ve also provided you with a historical view of the last 24 months. As we head into the New Year it’s a time for reflecting on the past and planning for the future. Hope you find this information helpful.
Ocean Front Clearwater Beach Sand Key condos | 2 year Historical Performance Graphs
If you have another particular Tampa Bay Real Estate Market Report that would interest you just let us know and we will work to add it to our list. Our goal will be to post one or two a day.
We will include the following 4 graphs in our Tampa Bay Real Estate Market Report and this one is focused on Clearwater Beach and Sand key condos on the beach front:
- Days on Market – How long is it taking Clearwater Beach condos and Sand Key condos on the beach to sell?
- Average Asked to Sold Ratio – Helps show how close to asking price Ocean front Clearwater beach and Sand Key condos are currently selling for.
- Median Price – shows that 1/2 of Clearwater Beach / Sand Key condos on the Gulf of Mexico sold are above and 1/2 are below this price in a given property or market niche.
- Units Sold – will show how many Clearwater Beach / Sand Key waterfront beach condos sold in a given month as well as over the 2 year period.
![2clearwater beachDays_on_market[2]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/2clearwater-20beachdays-on-market2.jpg)
We’ve seen the time it takes to sell a Clearwater Beach Condo or Sand Key condo that is on the Gulf of Mexico rise significantly from a low of under 54 days in January 2006 to 138 now down from a high of 207 in mid 2007. We are starting to see buyers back in the market buying Clearwater beach condos priced properly.
There are many factors that have effected the time it’s taken to sell condos on the beach this year. One is the time it has taken some condo sellers on Clearwater Beach and Sand Key to price their beach condos correctly for today’s real estate market (many started asking more that it could ever appraise for).
Second, Clearwater Beach Condo Buyers had lots of choices and many sat on the sidelines wondering what prices would do and if we’d reached the bottom of our price-adjustment.
Jack and I are finding much of the Clearwater Beach real estate has asking prices that has finally moved into a realistic range for today’s market – Clearwater Beach condo sellers have finally come to grips with the fact that we’re not in the 2005–2006 Real Estate market anymore – if you want to sell any property the first key today is that you need to price it correctly.
![2clearwaterbeach Median_Price[1]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/2clearwaterbeach-20median-price1.jpg)
The median price for Clearwater Beach Condos and Sand Key Condos on the beach is rising again and are currently at $704,500 which is up from the January prices of 2006 when it was $675,500. The big spike in January is caused when new high-end luxury condo developments like Sandpearl Residences Luxury Condos reached completion and several units were “sold” for over 1 million dollars and up.
![2clearwaterbeachAverage_sold_to_asked_ratio[2]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/2clearwaterbeachaverage-sold-to-asked-ratio2.jpg)
We see that the Clearwater Beach condo Asked to Sold ratio has fallen as buyers have addressed the two points we discussed above. One, they’ve force the Clearwater Beach condo asking price to come down to a price that will fit today’s market place and actually appraise out and two, the fact that there’s so much competition along with some highly motivated sellers they’ve negotiated more more seller concessions than normal.
Clearwater Beach Real Estate still has a condo supply that far exceeds demand and most Clearwater Beach condo buyers have continued to ask us for info on the Clearwater beach condos that are deals, bargains, short sales or in pre-fore-closure since many novice Clearwater Beach investors found themselves coming up short in 2007.
![2clearwaterbeachUnits_sold[1]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/2clearwaterbeachunits-sold1.jpg)
Ironically we had 71 beach front Clearwater Beach condos and Sand Key condos sold in both 2006 and 2007. So again is shows things are selling it’s just that our inventory (condos for sale at any one time) is so much larger than normal.
In 2007 we saw 2 ends of the Clearwater Beach Real Estate Market get the most activity – One was the top end of the luxury beach condos in communities like The Grande, Sandpearl Residences Resort Condos and Mandalay Beach Clubs which all had sales in 2007 over $3,000,000 with the Sandpearl Luxury Condos setting a new all time high for Pinellas County condo’s sold at $4,400,000.
Then we also saw people looking to buy that luxury vacation home or winter retreat at a deep discount. They found distressed sales prices on Clearwater beach condos – and there were and still are real bargains to be found.
Some Clearwater Beach condo prices dropped back to 2004 prices and many savvy investors realized the opportunity to buy a Sand Key gulf front condo now since many believe, like we do that Clearwater beachfront property will continue to be in high demand.
Clearwater Beach Luxury Condominiums
Are you looking to sell a Clearwater Florida Luxury Condo – request our complimentary Condo Value Report on what is your luxury Clearwater condo worth today.
Are you looking to buy a Clearwater Beach Condo or Sand Key Luxury Condo where you can enjoy our beautiful beaches or amazing intercoastal water views and boating? 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, 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, Sand Key Condos | Homes to Clearwater Beach Condos – Give us a Call today at (727) 422–8901.
Click to Subscribe to Sandbars to Sunsets and get the Daily Digest by Email
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.
| Currently 2 Comments »
Pinellas County Luxury Condos | Real Estate Market Report - 2007 Year in Review
December 28th, 2007 Categories: Clearwater Beach Florida, Condominiums, Luxury Real Estate, Pinellas County, Real Estate Market Reports, Tampa Bay FL Luxury Real Estate, Tampa Beach Living
Pinellas County Florida – As 2007 comes to an end, many Pinellas County sellers are happy to see it go and many are wondering what 2008 has in store for our housing market.
While we don’t have a crystal ball we did think it would be helpful to take a look back over the last 2 years to see where Pinellas County luxury real estate been and where we are now.
Pinellas County Real Estate 2007 Year in Review
We all have heard that it’s a buyer’s market in the Tampa Bay area however let’s review the facts and temper some of the news media. Here is the first report in our new series called the Real Estate Market Report – 2007 Year In Review.
Readers tell us that it’s easy to find information on total Pinellas County market statistics however it can be misleading when those reports include everything from condos under $100,000 in 55+ Adult Retirement Condo Communities to the record setting condo sale of $4,400,000 at the Sandpearl Residences condos on Clearwater Beach this past month. 5 condos sold for over $3,000,000 this year in communities like The Grande, Mandalay Beach Club, Vinoy Place and Parkshore Plaza. Luxury condos and fine living still have their discriminating buyers even in this real estate market.
Just like all real estate is local – we believe each real estate market niche is unique and our goal is to provide you with a deeper view into our Luxury Real Estate Market in Tampa Bay. We’ve been doing the research and preparing detailed reports on different Tampa Bay real estate market niches like:
- Luxury Condos (over $500,000) in Pinellas County
- Gulf front Condos in Pinellas County
- Pool Homes in Pinellas County
- Luxury Homes (over $500,000) in Pinellas County
- The Clearwater Beach Sand Key Condo Report
- Island Estates Real Estate Report
- Clearwater Florida Homes Real Estate Report
- Clearwater Florida Condos Real Estate Report
…and how they’ve performed this year. We’ve also provided you with a historical view of the last 24 months. As we head into the New Year it’s a time for reflecting on the past and planning for the future. Hope you find this information helpful.
Tampa Bay Real Estate 2 year Historical Performance Graphs
If you have a particular Tampa Bay Real Estate Market Report that would interest you just let us know and we will work to add it to our list. Our goal will be to post one or two a day.
We will include the following 4 graphs in our Tampa Bay Real Estate Market Report:
- Days on Market – How long is it taking Tampa Bay real estate to sell?
- Average Asked to Sold Ratio – Helps show how close to asking price condos are currently selling for.
- Median Price – shows that 1/2 of real estate sold is above and 1/2 is below this price in a given property or market niche.
- Units Sold – will show how many homes or condos sold in a given month as well as over the 2 year period.
![Pinellas luxury condos 500K Days_on_market[3]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/pinellas-20luxury-20condos-20500k-20days-on-market3.jpg)
We have seen the time it takes to sell luxury condos in Pinellas county has risen from just over 75 days to over 225 days this past month. It’s easy to understand when you look at the fact that there is a more limited buyer pool for these luxury condos as well as the fact that condo buyers have more lots of choices of condos currently for sale in Pinellas County.
The next chart explains the Pinellas Luxury Condo Real Estate Asked to Sold ratio. We often get buyer requests for people wanting to buy a Clearwater Beach Condo on the Gulf of Mexico for under $100,000, we smile knowing we could sell those all day long if it existed and then have to explain is just doesn’t.
The following graph shows that while luxury condo sellers in Clearwater, St Petersburg and the Tampa Beaches are making deals and there are some luxury waterfront condo bargains to be found, sellers are not “giving away” this desireable Tampa Bay real estate.
Notice on the Asked to Sold Graph below that with the exception of one month, June 2007, out of the last 24 months the “asked to sold ratio” has been over 90%. While Pinellas County luxury real estate usually sells faster and in the high 90’s – luxury sellers are holding the line on their property values and many are willing to hold out longer than to sell a drastically lower prices.
![Pinellas luxury condos 500K Average_sold_to_asked_ratio[1]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/pinellas-20luxury-20condos-20500k-20average-sold-to-asked-ratio1.jpg)
Pinellas County Luxury Condo Owners saw the median price for luxury condos (over $500,000) go from $689,500 in the beginning of 2006 and two years later after a challenging year for Tampa Bay real estate the median luxury condo price was up to $697,500.
Much of that can be attributed to the increase in the number of new luxury condo developments like Sandpearl Residences where developers have built a significant number of high-end condos over the last few years. When you look at most individual luxury condos on a year to year basis their values are actually down over last year. As we’ve said all year – if you don’t have to sell, then don’t – wait!
For those that have owned their property over 3 years, most have seen that property increase in value and while the median prices are down from their high of $815,000 in September of 2006 for those who bought for the long term should fare well.
Clearwater | St Petersburg | Tampa’s Beaches is still considered a great place to live and we hear from lots of people daily that want to buy Florida luxury real estate on our Tampa Beaches and around the Tampa Bay area.
![Pinellas luxury condos 500K Median_Price[1]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/pinellas-20luxury-20condos-20500k-20median-price1.jpg)
![Pinellas luxury condos 500K Units_sold[1]](http://www.sandbarstosunsets.com/wp-content/uploads/2007/12/pinellas-20luxury-20condos-20500k-20units-sold1.jpg)
The number of Tampa Bay condos selling each month is down from the heyday of 2006 as well as the prices on most individual units. We believe reflects a combination of a correction in our real estate market from the buying frenzy that ran up prices at an unsustainable pace and the “wait and see” feeling lingering in the market right now.
The silver lining is that with the value of the dollar being down, interest rates being down and the fact that there are still plenty of motivated sellers we are seeing lots of activity again in the luxury condo marketplace, especially on our Tampa gulf beaches. Winter is also motivating lots of Canadians and foreign investors to act now so they can enjoy their new retreat this winter.
If you have a particular luxury condo community or unit you’d like more info on don’t hesitate to ask – we’d love to help you with all your luxury real estate needs here in Pinellas County.
Pinellas County Luxury Real Estate- Condominiums
Are you looking to sell a Pinellas Luxury Condo – request our complimentary Condo Value Report on what is your luxury Pinellas condo worth today.
Are you looking to buy a Tampa Beach Condo or Pinellas County Luxury Real Estate where you can enjoy our beautiful beaches or glorious green golf courses? 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, 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 Search all Clearwater MLS listings includes all the homes and condos for sale in the Tampa MLS!
Looking for Real Estate in Tampa Bay Florida, Golf Course Condos | Homes to Clearwater Beach Condos – Give us a Call today at (727) 422–8901.
Click to Subscribe to Sandbars to Sunsets and get the Daily Digest by Email
The above information and images are Copyright © 2007 Jack and Cyndee Haydon, REALTORS and your 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.
| Currently 7 Comments »
