Island Estates Condo Sales For June 2014

Recap of Island Estates Condo Sales For June 2014

There were 10 Island Estates condo sales in June 2014 by a variety of real estate agents based on data from the My Florida Multiple Listing Service (MLS). The average sales price of $297,000 represents a 5% improvement for sellers vs the year to date average. The June Island Estates average sales price is an increase of 14% over the $260,000 average price we saw in 2013 for Island Estates condo sales. The number of days on market for June 2014 Island Estates condo sales was just over 2 months. There were no bank foreclosures or short sales in June in Island Estates reported in the MLS data. Visit our blog for the latest Island Estates condo trends.

Please give us a call at 800-964-9841 if you have any questions about this market report or if we can help you in any way in buying or selling a condo or home in the area, or if you just have some questions about the area.

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Island Estates Condo Sales Average Sales Price

The average sale price for an Island Estates condo in June was $297,000. This is up about 5% from the year to date average sales price for Jan through June. The June average is up 14% from the 2013 Island Estates average of $260,000. The trend we are seeing for Island Estates is similar to the trends we are seeing for the overall Clearwater Beach condo market and Pinellas County.

Days on Market

The days on market for June were 74 days, or about 2 months, from listing to closing. The fact that there were no short sales in June on Island Estates probably helped with this short sales cycle.

Short Sales or Bank Foreclosures for Island Estates Condos in June 2014

There were no short sales or bank foreclosures Island Estates condos in June 2014 based on data from the My Fl Multiple Listing Service. 

Island Estates Condo Inventory is Low

With only 44 active condo listings for Island Estates as of June, and about 10 Island Estates condo sales per month, the Island Estates condo inventory is at about a 4 month level. This makes the current Island Estates condo market close to a “sellers market”. What this means to sellers is that they still need great marketing and exposure of their properties if they want to sell for top dollar. What it means to buyers is there is still a reasonable selection of condos to choose from and it’s not too late to get a good deal if you want to live in Island Estates Florida.

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We hope you found this summary of Island Estates condo sales for June 2014 informative and useful. If we can help you in any way in buying or selling a condo or home here in the Island Estates, Sand Key, Clearwater Beach area, please give us a call at 800-964-9841 or use the Contact Form to get in touch with one of our area experts.

The Rich and Cindy Team

ClearwaterBeachCondoLiving.com

800-964-9841