Overview of Island Estates Condo Sales for April 2014
Island Estates condo sales for April 2014 included 15 sales with an average sales price of $246,000 based on data from the My Florida Multiple Listing Service. This is down about 10% from the $273,000 year to date average for Island Estates and about 5% from the $260,000 average for 2013 Island Estates condo sales. April 2014 Island Estates condo sales included one short sale at $70,000 which hurt the month’s average. The highest Island Estates condo sale in April was for $570,000 for a 3 bedroom, 3 bath 2,000+ square foot unit in Windward Passage. See all of the Island Estates condos for sale.
Average sale price and days on market are both showing improvement since 2012.
Island Estates Condo Sales April 2014 Average Sale Price
Average days on market was 168 days for Island Estates condo sales for April 2014. April days on market for Island Estates is up but so are April days on market for Clearwater Beach. Year to day days on market are solid, so this is good news for both buyers and sellers.
Days on Market for Island Estates Condo Sales
While distressed property (short sales and bank foreclosure sales) have fallen in most areas of Pinellas County and decreased in Island Estates in 2013, Year To Date distressed property sales in Island Estates are up in 2014 as can be seen in the graph below, but look good in April. We do not believe this is a trend but point it out just as something to watch.
Short Sales and Bank Owned as a Percent of All Sales
With 47 active listings at the end of April 2014 and about 10 condo sales per month over the last 6 months, we calculate that there is about a 5 months inventory of condo on Island Estates. This is in line with the 6 months inventory that is generally considered to be a “balanced market”. This makes the current Island Estates condo market a “balanced market” between buyers and sellers. What this means to sellers is that they need great marketing and exposure of their properties if they want to sell. What it means to buyers is there is a lot to choose from and it’s not too late to get a good deal if you want to live in Island Estates Florida.
Island Estates Condo Inventory Levels April 2014
Island Estates Sales in April 2014 (Based on Multiple Listing Data as of 4/1/2014)
The highest condo sale in Island Estates in April 2014 was a 3 bedroom, 3 bath 2,000+ unit in the Windward Passage. Several Island Estates condo communities had multiple sales in April. Sales by a variety of real estate agents are shown below.
|Condo Complex||Sq Ft||Beds||Full Baths||Sold Price||Special Sale Provision|
|700 ISLAND WAY||1,920||2||2||$375,000||None|
|SEA ISLAND SOUTH||1,840||2||2||$345,000||None|
|736 ISLAND WAY||1,920||2||2||$282,500||None|
|STARBOARD TOWER CLIPPER COVE||1,240||2||2||$260,000||None|
|VLG ON ISLAND ESTS THE||1,886||3||2||$256,250||None|
|700 ISLAND WAY||1,240||2||2||$250,000||None|
|STARBOARD TOWER CLIPPER COVE||1,390||2||2||$224,777||None|
|610 ISLAND WAY||965||2||2||$205,000||None|
|51 ISLAND WAY||665||1||1||$142,000||None|
* Distressed property sale (Short Sale or Bank Foreclosure)
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We hope you found this summary of Island Estates condo sales for April 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 727-513-8075 or use the Contact Form to get in touch with us.
The Rich and Cindy Team