Real Estate Trends in Clearwater and Pinellas County: July 2023 Market Insights

KerryAnn Rainey • August 3, 2023

Real Estate Trends in Clearwater and Pinellas County: July 2023 Market Insights


As we review July 2023, the real estate market in Clearwater and Pinellas County remains robust, albeit with some notable changes compared to previous months. The local property scene continues to be dynamic, with both buyers and sellers experiencing shifts in their bargaining positions. In this blog post, we will delve into the current real estate trends, examining the rising home prices, the evolving inventory situation, the days on market, and the changing dynamics between buyers and sellers.


Home Prices: Steady but Slower Growth


Clearwater and Pinellas County have experienced a sustained rise in home prices, but July 2023 saw a change in the pace of growth. The median home price in Clearwater increased by 1%, while in Pinellas County, it grew by 2%. Although still significant, this increase is slower than the rapid growth observed in preceding months. For prospective buyers, this indicates a potential window of opportunity to enter the market before prices rise further.


Inventory: A Positive Sign for Buyers, but Still Low


A silver lining for buyers in July 2023 is the increase in housing inventory. Clearwater witnessed a 5% rise in available homes for sale, while Pinellas County saw an 8% increase. Although more options are now available, the inventory levels remain relatively low compared to historical averages. This low inventory continues to foster a competitive market, wherein well-priced and desirable properties tend to receive multiple offers quickly.


Days on Market: Homes Are Selling Quickly but Showing a Slight Delay


The average days on market for properties in Clearwater is 28 days, and in Pinellas County, it is 26 days. Although homes are still selling relatively quickly, there has been a slight increase in the time it takes to finalize a sale. This development suggests that the market is becoming slightly more balanced, allowing buyers a bit more time to conduct due diligence before making a decision.


Bargaining Power: Shifting Dynamics for Buyers and Sellers


As the market continues to evolve, so does the balance of bargaining power between buyers and sellers. Sellers are still in a favorable position due to the strong demand for homes, but buyers are beginning to gain more influence. With the potential for a slower price growth rate, buyers may find opportunities to negotiate on the final purchase price. Moreover, sellers may be more willing to accommodate requests such as paying for closing costs to close a deal swiftly.


Additional Considerations


  • Market Competitiveness: Desirable areas in Clearwater and Pinellas County remain highly competitive. Buyers should be prepared to act decisively when they find a property that meets their criteria, as hesitation may lead to losing out to other interested parties.


  • Seller Expectations: While sellers can still benefit from favorable market conditions, setting realistic expectations for the price of their homes is essential. Overpricing could lead to properties sitting on the market for longer periods, which may impact their eventual sale price.


  • Future Outlook: The real estate market in Clearwater and Pinellas County is expected to maintain its strength in the upcoming months. However, there is a possibility of a cooling-off period as the market stabilizes. Both buyers and sellers should remain vigilant and keep abreast of changing market conditions.



July 2023 brings with it a real estate market in Clearwater and Pinellas County that continues to exhibit strength, even as certain trends indicate a moderation in its pace. Buyers should seize the opportunity to explore the market with increased inventory and potentially slower price growth. Meanwhile, sellers should remain realistic and attentive to changing dynamics, capitalizing on their advantageous position while remaining open to negotiation. As the market evolves, it is essential for all parties to stay informed and adapt to the shifting conditions to make the most of the opportunities that lie ahead.


At Fuller House Real Estate in Clearwater, Florida, we understand the nuances of the local market and are committed to helping you navigate these challenges with confidence. Our experienced team is equipped to assist you in finding the perfect home that aligns with your needs and budget, or in strategically positioning your property for a successful sale. Don't face the complexities of the Pinellas County real estate market alone. Reach out to Fuller House Real Estate today for personalized guidance and expert advice. You can contact us at 727-470-9373, send us an email at info@fullerhousere.com, or visit our website www.FullerHouseRE.com.

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Unlocking Success: 10 Key Questions Home Sellers Must Ask Before Listing

By KerryAnn Rainey • November 20, 2023
Selling your home is a significant undertaking, and while the prospect of a new chapter is exciting, it comes with its fair share of questions. Whether you're a seasoned seller or a first-timer, having the right information is crucial for a successful home-selling journey. Let's delve into the 10 key questions that home sellers often ask when preparing to sell their cherished abode. 1. What is My Home Worth? Unlocking the mystery of your home's value is the first step in the selling process. Reach out to a real estate agent for a Comparative Market Analysis (CMA) to get a clear picture of your home's market value. This will guide you in setting a competitive and realistic listing price. 2. How Can I Boost Curb Appeal? First impressions matter, especially in real estate. Ask about ways to enhance your home's curb appeal. Simple landscaping, exterior repairs, and a fresh coat of paint can make a world of difference in attracting potential buyers. 3. To Renovate or Not to Renovate? The renovation dilemma is real. Consult with professionals to determine which repairs or renovations are worth the investment. Strategic improvements can add value and make your home more appealing to prospective buyers. 4. What Documents Do I Need? Paperwork is a necessary evil. Compile essential documents, such as property records, warranties, and utility bills, to streamline the selling process. Being organized from the start sets the stage for a smoother transaction. 5. How Can I Stage My Home Effectively? Staging transforms a house into a home. Seek advice on presenting your home in the best light. Decluttering, rearranging furniture, and creating a warm atmosphere can make a lasting impression on potential buyers. 6. When is the Best Time to Sell? Timing is everything in real estate. Understand the market trends, seasonal fluctuations, and local factors that can influence the timing of your listing. Knowing when to make your move can significantly impact your selling success. 7. How Do I Navigate Negotiations and Offers? Negotiating is an art. Arm yourself with knowledge on how to handle negotiations and evaluate offers. A seasoned real estate professional can guide you through the process, ensuring you make informed decisions. 8. What Costs Should I Expect? Selling comes with a price. Inquire about the various costs associated with selling your home, from agent commissions to closing costs and potential repairs. Knowing the financial landscape prepares you for a seamless transaction. 9. How Can I Market My Home Effectively? Marketing is the key to visibility. Explore the best strategies for marketing your property, including online listings, open houses, and social media promotion. A well-thought-out marketing plan can attract the right buyers to your doorstep. 10. What Happens During the Closing Process? Closing is the finish line. Understand the ins and outs of the closing process, from the necessary paperwork to what to expect on the final day. Having a clear roadmap to the closing table ensures a smooth transition from seller to the next proud homeowner. Selling your home involves careful consideration and strategic planning. By asking the 10 key questions outlined in this blog post, you empower yourself to make informed decisions, setting the stage for a successful home-selling experience. Whether you're bidding farewell to your first home or parting ways with an investment property, the right knowledge is your best ally in this exciting endeavor.  Ready to embark on your home-selling adventure? At Fuller House Real Estate, we're here to guide you every step of the way. Our experienced team is dedicated to making your selling journey seamless and successful. Contact us today to schedule a personalized consultation. Let's turn your home-selling dreams into a reality! Thank you for trusting Fuller House Real Estate with your home-selling journey. We look forward to assisting you in achieving your real estate goals. To contact Fuller House Real Estate, please call 727-470-9373 , or visit the website at FullerHouseRE.com .

Embracing Change with Grace: Downsizing Your Elderly Parent's Home

By KerryAnn Rainey • October 13, 2023
Navigating the Path to Downsizing for Elderly Parents in Real Estate Downsizing is a significant life transition, often necessitated by various factors, and one of the most common reasons for this transition is the aging process. When it's time to downsize your elderly parent, there are many considerations that come into play, especially in the context of the real estate market. Kindness and sincerity are the pillars of supporting your parent through this process, ensuring they have a comfortable and safe environment in their golden years. In this article, we will explore how to navigate the journey of downsizing for elderly parents, with a focus on real estate. Assessing Your Parent's Needs The first step in helping your elderly parent downsize is to assess their unique physical and cognitive abilities. Real estate choices should be aligned with their safety and accessibility requirements. Some key considerations include: Home Accessibility: Look for homes with a single level to eliminate the need for stairs, which can be a hazard for seniors. Wider doorways and open floor plans can also enhance mobility. Bathroom Safety: Features like grab bars in the bathroom and a walk-in shower can make daily routines easier and reduce the risk of accidents. Considering Preferences and Lifestyle The next consideration revolves around your parent's preferences and lifestyle choices. Every elderly individual is unique, and their living arrangements should reflect their desires. Some factors to think about include: Community: Does your parent wish to live in a senior-friendly community, or do they prefer a quieter neighborhood? Some seniors thrive in communities with social activities and support networks. Proximity to Family and Friends: Consider whether your parent would like to be closer to family and friends. Being near loved ones can offer vital emotional support. Special Needs: Assess if there are any specific needs your parent has, such as easy access to medical care or transportation options. Proximity to healthcare facilities can be crucial. Financial Considerations While downsizing can have several benefits, it's essential to factor in the financial aspect. Costs associated with moving, selling the old home, and acquiring a new one can add up. Don't forget the possibility of hiring professional help for decluttering and packing. Here's how to manage the financial side: Budget Planning: Work with your parent to create a budget that covers all expenses. Ensure they are financially comfortable with the chosen option. Maximizing the Sale: Selling the current home is a significant financial event. Consider investing in home staging or repairs to maximize its selling potential. Professional Assistance: If necessary, don't hesitate to hire professional services. They can streamline the process, making it more efficient and less stressful. Practical Tips for a Smooth Downsizing Experience Now, let's delve into some practical tips to ensure a smooth downsizing process for your elderly parent: Start Early: Early planning allows your parents time to adapt to the idea of moving and make well-considered decisions about what to keep and what to let go of. Sensitivity and Patience: Downsizing is an emotional process. Approach it with empathy, patience, and kindness. Understand that parting with their home and belongings can be difficult for your parent. Involvement in Decision-Making: Always involve your parent in the decision-making process. Their input should be valued and respected. It empowers them and helps them adjust to their new living arrangement. Professional Assistance: If the downsizing process becomes too overwhelming, don't hesitate to hire professionals who specialize in decluttering, packing, and moving. Downsizing for elderly parents in the real estate context is a journey that requires kindness, sensitivity, and sincere support. This transition offers an opportunity to declutter and simplify their lives, creating an environment better suited to their needs. By considering their unique requirements, financial circumstances, and emotional well-being, you can help them embrace this new chapter with grace and dignity. In the end, the goal is to create a safe and comfortable haven where your elderly parent can thrive in their golden years. Downsizing for elderly parents in the real estate context is a journey that requires kindness, sensitivity, and sincere support. This transition offers an opportunity to declutter and simplify their lives, creating an environment better suited to their needs. By considering their unique requirements, financial circumstances, and emotional well-being, you can help them embrace this new chapter with grace and dignity. When you need professional guidance and a caring hand to navigate the intricate path of downsizing, remember that KerryAnn at Fuller House Real Estate is honored to help families compassionately during such an important decision. Reach out today for expert assistance in making this transition as smooth and positive as possible. To contact Fuller House Real Estate, please call 727-470-9373 or visit their website at www.fullerhousere.com .
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