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.

Florida June 2022 Market Report

Florida June 2022 Market Update

June 2022 Florida Real Estate Market Data Reports

Realtor.com National Housing Forecast

June 2022 Florida Real Estate Market Forecast.

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June 28, 2022

From Inman News (a Real Estate news service)

"THE NEWS: Pending home sales inched slightly higher in May, ending six straight months of declines, according to new data. Pending sales crept up 0.7 percent to 99.9 during May, but were down 13.6 percent from their May 2021 levels, according to data released Monday by the National Association of Realtors. 

The slight increase should not take away from the clear evidence that the housing market is undergoing a transition spurred by high prices and high mortgage rates, NAR Chief Economist Lawrence Yun said.

BEHIND THE NEWS: Part of the slight increase in pending sales, which represent homes that are in contract, can be attributed to more sellers dropping their prices after their homes linger longer on listing services, some experts said. Regionally, results differed with sales rebounding in the Northeast and South while decreasing in the Midwest and West. Sales in the Northeast jumped 15.4 percent to 86.4 on the Pending Home Sales Index, while sales in the South increased 0.2 percent to 119.0 in May. Sales in the Northeast were still down 11.9 percent from a year ago however, while Southern sales were down 13.8 percent from 2021 levels. Read the full story here."

"Down payment is a less concern when compared to interest rates and prices

Down payment is another factor that affects the payment shares. In May, the median down payment was $45,000, making up 13.3% of the sales price. A larger down payment usually means smaller monthly payments, and thus, lower shares. Keeping the mortgage rate, home price, and income at the May level, down payments would have to fall to $34,123 (a down payment rate of 10.1%) to hit the 2018 peak, but even decreasing down payment to 0 doesn’t hit the 2008 peak. However, it is unlikely for the down payments to drop to such a low level in a short time, given continuously increasing sales prices shown in Figure 4 and an upswing  trend in down payment rate for recent months presented" 

mashvisor

Mashvisor "To get a better idea of the growing housing demand in the state, consider Miami, Tampa, and Orlando. According to Mashvisor, the three metro areas recorded average monthly rental prices of $3,477, $2,462, and $1,906, respectively, for a three-bedroom home. One of the said cities would probably be the best place to buy rental property in Florida if you’re considering going with a traditional long-term rental investment strategy." 

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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports. Florida, USA. Posted July 9, 2022.