Buy a home in Tampa Bay Area, Florida

 

Good time to buy in Tampa Bay Area.

The Florida real estate market in August 2024 shows some interesting trends:

1. Home Prices: The median home price in Florida has increased by 2.3% year-over-year, reaching approximately $419,200. This indicates a steady rise in property values, although the growth rate has slowed compared to previous years.

2. Home Sales: There has been a 14.1% decrease in the number of homes sold compared to last year. This decline in sales volume suggests a cooling market, possibly influenced by higher mortgage rates and economic conditions.

3. Housing Supply: The number of homes for sale has risen significantly, up 40.1% year-over-year. This increase in inventory provides more options.

Some reasons this is a good time to buy a single-family home in the Tampa Bay Area.

1. Increased Inventory: The number of homes for sale in Florida has risen significantly, providing more options for buyers and potentially reducing competition.

2. Stable Home Prices: While home prices have increased, the growth rate has slowed, making it a more stable market for buyers.

3. Desirable Location: Clearwater is known for its beautiful beaches, pleasant climate, and abundant outdoor activities. It’s a great place for those who enjoy water sports, nature parks, and a vibrant cultural scene.

4. Strong Job Market: Clearwater boasts a strong job market with opportunities in various industries, including healthcare, tech, and tourism.

5. No State Income Tax: Florida has no state income tax, which can be a significant financial benefit, especially for retirees and those with substantial income.

6. Quality Education: The area is home to many well-rated public and private schools, as well as several colleges and universities.

7. Affordable Cost of Living: Compared to other coastal cities, Clearwater offers a relatively affordable cost of living, making it an attractive option for families and retirees alike.

8. Community and Lifestyle: Clearwater offers a mix of urban and suburban living with a strong sense of community. The city hosts numerous events and festivals, adding to its appeal.

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This page will be expanded upon. Please check back to read more updates about Buy a home in Tampa Bay Area, Florida, USA. Posted August 23, 2024.

Buying or Selling Clearwater, Florida, USA

 

Clearwater, Florida, USA
a great place to live!

About buying or selling a home or condo in

Clearwater, Florida, USA.

The Clearwater housing market has seen some interesting trends recently. Let’s dive into the details:

1. Median Sale Price: In December 2023, the median sale price of a home in Clearwater was $393,000, which is a 16.4% increase compared to the previous year. This surge in prices indicates a competitive market.

2. Time on the Market: On average, homes in Clearwater sell after 29 days, slightly longer than the 27 days it took last year. This suggests that buyers are still active, but properties are staying available for a bit longer.

3. Number of homes sold in December 2023, 136 homes were sold in Clearwater, down from 175 in the same month the previous year.

4. Sale-to-List Price Ratio: The average homes sell for about 4% below list price and go pending in around 32 days. Hot homes, however, can sell for around list price and go pending in as little as 11 days.

5. Migration Trends:

• Outbound: Clearwater residents are moving to nearby cities such as Sarasota, Orlando, and Homosassa Springs.
• Inbound: People from New York, Washington, DC and Chicago are relocating to Clearwater.
• Clearwater Beach: If you’re interested in Clearwater Beach, note that in December 2023, home prices there were up 6.2% compared to the previous year, with a median price of $860,000. Homes in Clearwater Beach sell after an average of 69 days on the market.
• Whether you’re buying or selling, it’s essential to keep an eye on these trends to make informed decisions in the dynamic Clearwater housing market. 

Come tour the city and beach via the
inexpensive Jolly Trolley.

Whether you’re buying or selling, it’s essential to keep an eye on these trends to make informed decisions in the dynamic Clearwater housing market. 

Many homes like these in
Clearwater, Florida, USA.

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This page will be expanded upon. Please check back to read more updates about Buying or Selling Clearwater, Florida, USA. Uploaded March 10, 2024.