Spring is the buying season for real estate and last Spring was a very strong one for Clearwater Beach condos.
Clearwater Beach Condos Buying Frenzy Last Spring
Last March I was working with a client who had been wanting to buy a condo in the Mandalay Beach Club and we started to see ones directly fronting the beach for significantly less than they had ever sold for. In the past these condos would sell in the $1 million and up range and there were suddenly some that were in the $700K and $800K range (short sales and foreclosures).
Unfortunately my client tried to save a few thousand dollars and ended up losing out to another buyer on the lowest priced beachfront condo in the complex and during the time he spent doing this the other 4 beachfront condos all went under contract.
There was almost a buying frenzy last Spring for Clearwater Beach condos and since that time the inventory has gone down quite a bit and so there are a lot less for sale.
It will be interesting to see what happens this Spring but I would recommend that if you are interested in buying a Clearwater Beach condo that is directly on the beach that you start early and approach your purchase with a good understanding of how the market really is.
To get an idea of what you can get, how much you would need to spend and to see photos and details on the Clearwater Beach condos that are currently for sale, go to the MLS search page.