Luxury Real Estate
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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.
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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 News | Clearwater 78 - Portland 19
December 23rd, 2007 Categories: Clearwater Beach Florida, Condominiums, Condos for Sale, Luxury Real Estate, Real Estate Market Reports, Sand Key Florida, Tampa Bay FL Luxury Real Estate, Tampa Beach Living, Waterfront Living
Clearwater Beach Florida – Clearwater 78 – Portland 19. No, this is not a basketball or football score - LOL - it is the forecasted high temperature for December 24, 2007.
As you can imagine, we are wearing shorts, tee-shirts, flip-flops, and drinking margaritas on our boats AGAIN today - HOHUM, and most of the folks who live up north are getting more ice and snow.
Not to mention the great real estate deals available here on Clearwater Beach.
Just today, I saw a great condominium for sale in Sand Key Florida in one of our premier waterfont communities on Sand Key. It has a boat dock and a 50′ deck overlooking the marina, pool, tennis courts and great sunsets.
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Sand Key Beach Condominums | Florida Luxury Real Estate Report 2007
Sand Key Condos SOLD First Quarter 2007
16-Sand Key condos sold ranging from $2,660,000 to $280,000
The average condo on Sand Key Florida sold a price of $674,000
The average dollars/square foot for a Sand Key Luxury Condo was $430/sf
The average days on market for Sand Key Beach Condos was 86 days
Sand Key Condos SOLD Second Quarter 2007
26-Sand Key condos sold ranging from $1,700,000 to $228,000
The average condo on Sand Key Florida sold price was $612,000
The average dollars/square foot for a Sand Key Luxury Condo was $389/sf
The average days on market Sand Key Beach Condos was 166 days
Sand Key Condos SOLD Third Quarter 2007
27-Sand Key condos sold ranging from $2,795,000 to $163,000
The average condo on Sand Key Florida sold price was $708,000
The average dollars/square foot for a Sand Key Luxury Condo was $406/sf
The average days on market Sand Key Beach Condos was 160 days
Sand Key Condos SOLD Fourth Quarter 2007
40-Sand Key condos sold ranging from $2,079,000 to $280,000
The average condo on Sand Key Florida sold price was $605,000
The average dollars/square foot for a Sand Key Luxury Condo was $383/sf
The average days on market Sand Key Beach Condos was 131 days
Other Sand Key Condominium Articles you might like:
Sand Key Condos | Complete List of All Sand Key Luxury Condominiums On the Beach
Sand Key Real Estate - Sand Key Condos
Are you looking to buy a Sand Key Condo or Sand Key Real Estate where you can enjoy our beautiful Pinellas Gulf Coast beaches? 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 Beach MLS listings!
Looking for Real Estate in Clearwater Florida or Waterfront Condos on Tampa Beaches – Give us a Call. (727) 422–8901.
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.
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Sand Key Florida Real Estate Agent prepares for UF Gators - Michigan Wolverine Showdown
December 22nd, 2007 Categories: Condominiums, Condos for Sale, Luxury Real Estate, Real Estate Market Reports, Sand Key Florida, Tampa Bay FL Luxury Real Estate, Tampa Beach Living, Waterfront Living
Sand Key Florida is Michigan Winter Wonderland
Sand Key Florida Real Estate – Today at the beach I was thinking of my good friend Missy Caulk, a top REALTOR in Ann Arbor who is a die-hard University of Michigan Wolverine fan.
Being a University of Florida Gator myself we’re anxious to see who ends up with College Football bragging rights for the next year as our teams are playing in this year’s Capitol One Bowl Game in Orlando Florida.
Recently Jack was researching various weather reports and was checking winter weather around the country and it got me to thinking if it was a competition based on our winter weather then we’d be the odds on favorite to win that bet. Now when it comes to college football – I’m not making any bets – think it should be a good game for all of us!
So when it comes to game day, they are forecasting the high temps on New Years Day to be 81 degrees in Sand Key Florida and 31 degrees in Ann Arbor Michigan. Now we’ll just have to wait and see what the final bowl game score will be. Win or Lose I do know that this is the right time for Michigan Wolverine fans to purchase their winter retreat here in the Clearwater Beach / Sand Key area – let me show you our bargains.
Here’s a look at are little part of paradise to tempt you…
Sand Key Condominiums for Sale with Waterfront Views, Oceanfront or Intercoastal
Experience Sand Key Beaches from Your Condo’s Backdoor: Crystal Clear, Clean and Spacious
Other Sand Key Condominium Articles you might like:
Sand Key Condos | Complete List of All Sand Key Luxury Condominiums On the Beach
Clearwater Beach Real Estate – Sand Key Florida
Are you looking to buy a Sand Key Condo or Sand Key Real Estate where you can enjoy our beautiful Pinellas Gulf Coast beaches ALL year round ? 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!
Looking for Real Estate in Clearwater Beach Florida or Waterfront Condos on Tampa Beaches – Give us a Call. (727) 422–8901.
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 6 Comments »
