f you’ve been considering rise, and then spiked suddenly.
buying a home in The fuel for this sudden spike
Clearwater, the stars are was a combination of corporate
lining up in your favor, say relocations, normal turnover in
housing experts. The Clearwater the housing market and
real estate market has become a speculative real estate investors
buyers’ market, shifting almost trying to cash in on home prices
180 degrees in just one short that rose 98% in five years,
year. After a sharp spike in home including a 30% jump from 2004 to
prices from 2003-2005, the market 2005. From 2001 to 2005, the
seems to be adjusting itself and median price for a single family
leveling off, with Clearwater home sale in Clearwater rose from
homes settling in at a very $109,600 to $217,400, and
affordable price. While I speculators scrambled to grab up
personally don’t believe there properties with the expectation
has been any bubbles bursting of cashing in with a short-term
here, if you’ve been waiting for turnover.
the best time to buy real estate
in Clearwater, that time has Now that new construction has
arrived. caught up with the demand for new
homes in Clearwater, the real
The Tampa Bay / Clearwater area estate market has steadied and
has traditionally been one of new home sales have slowed to a
Florida’s largest housing more normal rate. If you’re in
markets, with a solid population, the market to buy Clearwater real
low unemployment and strong estate, you’ve got quite a few
family neighborhoods. Beginning positives going for you right
in 2002, the demand for single now:
family housing in the Clearwater
area of Pinellas County began to - Prices have dropped
slightly, but home values are starting to edge up
expected to remain level or
continue to rise at a more Of course, there are advantages
reasonable level other than financial to owning a
- Clearwater real estate home in Clearwater. Pinellas
prices are still below those of County consistently ranks in the
metropolitan areas throughout the top metropolitan areas to live.
country, including other Florida The climate is sunny and warm,
regions the school systems are excellent,
- The economy is strong, the economy is strong and the
with unemployment below the Gulf of Mexico is at your
national average doorstep. What more could you
- Property taxes are among want in a home and a place to
the lowest in the country live?
- Mortgage rates are low,
but the interest rates are
About the Author:
Bob Lipply and his team of full time, full service Tampa Bay Realtors, will work hard to find you the perfect home. View available properties at Clearwater Real Estate, or you can also call toll free at 1-888-423-5775. We answer all calls promptly.
Read more articles by:
Robert Lipply
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