Island Estates is located just off the Courtney Campbell Causeway on the way to Clearwater Beach. It is one of Florida’s most desirable waterfront communities with hundreds of intracoastal homes and condos. This mostly residential community is known for its boating,
Island Estates Stats
Current
Listings:
91
# of Sales
in 2011:
122
Avg. Price
Sold 2011:
$302,000
Total Sold
2011:
$36,950,000
quiet residential character and Winter the Dolphin which resides as the Clearwater Marine Aquarium. However, while unique, Island Estates is also a Real Estate market in transition.
With under 10 distressed properties on the entire island and 122 Sales in 2011, Island Estates is positioning itself for a come back. While there are still deals out there to be had, foreclosures have pushed prices down and sales have
gone up the last two years in a row. In fact, in the last 12 years, only 2004 and 2005 saw a higher volume of sales.
From a Buyers perspective, the dust has not settled yet and you can still capitalize on the market. However, you are running out of time. It is imperative that you know which buildings have seen their peak and which ones have not. Also, you need to know what building or street you are willing to accept. If you do not, someone else will come along and get your deal. This is where having an agent who is active in the market and the MLS every single day becomes imperative.
From a Sellers perspective, the end is in sight and congrats for making it this far. Unfortunately, you still have some time and some inventory to get through before you see prices moving in the other direction. Although I will say that the future looks promising. The most important thing you can do is hire an agent who has a marketing plan that puts your property in front of more people and more Buyers. This means a social marketing plan, advertising and professional networking. Investing in your property is critical to generating the sale.
If you would like to know more about the Belleair Beach or Belleair Shore Real Estate market check out the Buying & Selling links on this site. Or you can visit the the Florida Realtor Media Center for the latest reports and statistics regarding property sales in Florida. Or...you can just give me a call at 727-543-2860.
