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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.
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Clearwater Beach Real Estate | Oh Christmas Tree!
December 17th, 2007 Categories: Clearwater Beach Florida, Clearwater Florida, Condos for Sale, Homes for Sale, Island Estates Florida, Luxury Real Estate, Real Estate News, Sand Key Florida, Tampa Bay, Tampa Bay FL Luxury Real Estate, Waterfront Living
Clearwater Beach Buyer’s Agent shares Traditions
Clearwater Beach Florida – Did you know that the Christmas Tree was a big deal in Germany in the 1800’s and came to the USA with the Germans who migrated here (thanks goes out to my Great-Great-Grandfather…a minister from Germany)…LOL. By the way, these German immigrants also brought carols, stockings, and more to our culture.
That reminds me of the things that Clearwater Beach Buyer’s Agents like Cyndee and me bring to our real estate culture. As you may know, Cyndee and I built our Clearwater real estate business on helping buyers get good deals in Clearwater, on Clearwater Beach, Island Estates, and Sand Key.
Our contribution to the Clearwater Beach real estate tradition started out with a belief that since the Home and Condo Buyer writes the check, the Buyer should have representation in each real estate transaction. As you may know, I do not have a law degree, but I do respect the laws of our land and the spirit of these laws, and in some cases, I am inspired by our laws.
Clearwater Beach Florida Buyers get Trust and Confidence
Last week I wrote an article on how Dual Agency is Illegal in Florida and the lively conversation that followed reminded me of one of my favorite statements that comes from Florida Real Estate Law. This was one of the key factors that led Cyndee and me to focus on helping Luxury Home and Condo Buyers purchase their dream home here in the Clearwater Beach Florida area.
It is this simple phrase (Florida Law Describes “Fiduciary”): “A broker in a relationship of trust and confidence between that broker as agent and the seller or buyer as principal….” Hmmmm, trust and confidence, I thought!
This simple phrase is by itself a definition, but when combined with the relationship most Clearwater Beach Listing Agents have with Buyers, Transaction Broker, it paints a more complete picture of why you need to call us:
“…A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity….” Hmmmmmm….,
..limited representation and not a fiduciary relationship, Hmmmm…
If you want trust and confidence to be at the core of your relationship with your Clearwater Florida Realtor, then give us a call because we are focused on what our Clearwater Beach Buyers want, and we work only for you, and not the Home or Condo Seller!
Clearwater Florida Real Estate – Your Dedicated Buyer’s Agents
Are you looking to buy a home or condo in the Clearwater Florida area or a vacation condo or beach home on Clearwater Beach, Sand Key or Island Estates – We can help. Here’s what some of our past luxury home and condo buyers have to say about how we helped them….
** CLICK ON PHOTOS BELOW TO SEE CLIENT VIDEO TESTIMONIALS **
Our Clients tell us that selecting the best Realtor in Clearwater Florida 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!
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.
Want more info, click to Search the Clearwater MLS!
Click to Subscribe to Sandbars to Sunsets and get the Daily Digest by Email
Call us today at (727) 422–8901!
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Island Estates Homes |Clearwater Florida Real Estate Market Update with Graphs
December 15th, 2007 Categories: Clearwater Florida, Island Estates Florida, Luxury Real Estate, Real Estate Market Reports, Real Estate News, Tampa Bay FL Luxury Real Estate, Waterfront Living
Island Estates Florida | Clearwater Waterfront Homes – Real Estate Market Report
Waterfront Living – Here is an update on what’s happening in Island Estates, Florida – Clearwater’s premier deep water waterfront neighborhood. Many people lately have asked me for an update on what’s happening in that neighborhood since we’ve all heard reports of it being a “strong home buyer’s market.”
We’ve included graphs of how long it’s currently taking for Island Estates, Florida homes to sell. When we look at the graph for 2007 it can be a little confusing when you realize that only 1 to 3 Island Estates homes have sold each month this past year – it’s easy to see how a single home could skew the graphs. We all have known homes to be on the market for sale at the “if someone offered me this I would move” price. We also gave you a 2 year view of Island Estates Home Sales to get a feel for what’s happened in the big picture.
We can see that when we were in a strong “home sellers market” homes in Island Estates, Florida were selling in under 30 days in January of 2006.
We have seen the time it takes to sell take longer over this past year. In addition when you are dealing with high end luxury waterfront homes in Clearwater you are marketing to a smaller group of potential buyers.
With a limited number of sales each month buyers need a local Clearwater Beach Real Estate expert to research and analyze the various homes for sale to get up-to-date information so you’re not over-paying for your Clearwater luxury home.
If you are trying to sell your waterfront luxury home in Island Estates pricing it right is the single most important factor in selling in today’s Clearwater Beach real estate market.
Island Estates Homes | Waterfront Neighborhood – Calling all Boaters
What’s the good news – the median price on Island Estates Homes on the water is almost the same as it was 1 year ago. We seen some home buyers have purchased Island Estate Homes for a good value however, it’s easy to see why these highly desirable waterfront homes have a median value approaching $1.5 million.
If you would like to know what your Island Estates Home is worth today – just ask – we’re happy to do a complimentary analysis for you.
If you are looking to buy your Island Estates home with deep water for your power boat or sailboat out back – hear what our past Clearwater home buyers have to say and if we sound like the kind of REALTOR you want helping you give us a call.
Want more info feel free to call us at (727) 422–8901.
Island Estates Real Estate – Waterfront Living
The City of Clearwater Florida is a unique area. Most people don’t realize in Clearwater Florida we have the mainland and Clearwater also includes Clearwater Beach | Sand Key |Island Estates area on the inter-coastal canals and Clearwater Harbor waterways.
Are you looking to buy a Island Estates Florida Luxury Condo or Home or Island Estates Waterfront Home or Condo with a boat slip and easy access to the deep Gulf waters where you can enjoy fishing, diving or just cruising? 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 Island Estates FL 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!
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.
Want more info, click to Search the Clearwater MLS!
Click to Subscribe to Sandbars to Sunsets and get the Daily Digest by Email
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