Boasting sunny weather and award-winning gulf coast beaches, the Tampa Bay/Clearwater area has been one of Florida's largest and best housing markets. The area enjoys a growing population, low unemployment, and strong family neighborhoods.  Florida has seen a steady migration of baby boomers who plan to retire away from the high-tax states. This is driving luxury home sales around Florida and here in Clearwater. Florida’s luxury market is doing well, one real estate expert said. A real “breakout” market has been Pinellas County on the Gulf Coast, which includes Clearwater. The city has an amenity-rich beach locale and a great opportunity for growth in the near future. The average luxury sale price in Pinellas County rose an astounding 17% in July compared to 2019, according to the latest luxury data from, which defines luxury as the top 5% of sales. Clearwater has an inventory of luxury real estate with the average luxury prices about $1 million.   Clearwater Real Estate Market Clearwater Beach home values have gone up nearly 3% over the last year, according to Zillow. The median price of homes currently listed in Clearwater Beach is $867,000, while the median price of homes that sold is $754,400.  Although most luxury real estate buyers will purchase a luxury home with cash, some use jumbo loans to finance their luxury real estate. Jumbo loans (also called jumbo mortgages) are loans for amounts greater than the limit that the Federal Housing Finance Agency (FHA) sets. That amount is typically in excess of $510,400. Currently, the interest rate for a 30-year fixed jumbo is 3.125% with an APR of 3.179% according to  These rates are at an all-time low, which make financing a luxury home in Clearwater a great bargain.   Clearwater Real Estate Will Experience a High Appreciation Rate Clearwater real estate is also a great bargain and a smart move in another sense: the appreciation of property value over time. The market’s appreciation rate will be high in 2020. Zillow says it will be an appreciation rate of 3.9% Clearwater has experienced high appreciation rates throughout the recent past. In fact, Clearwater house prices increased by 62.9% in the last decade. That rate of return put Clearwater in the top 10% nationwide. In 2019, Clearwater properties appreciated by 3.1%—far  above the national average. So its’s easy to see that Clearwater real estate will continue to appreciate in this year and in the future. Clearwater is a very hot market, according to Zillow, which says that home prices will increase 4.2% over the next year. Several factors make Clearwater a great spot to purchase a luxury home:
  • Great home value appreciation;
  • A high inventory-to-household ratio;
  • An enhanced quality of life in our exclusive Clearwater neighborhoods;
  • Our world-class amenities like championship golf courses, private beach access, fitness centers, and popular restaurants; and
  • Close proximity to highly desirable shopping districts and entertainment venues.
  Takeaway Clearwater luxury sales are still on the upswing — both in volume and sale price. Smith & Associates can help you find the perfect luxury home for your needs. Contact us today! Stay connected on the latest trends in your area. All the latest luxury real estate trends in Clearwater. Read more on the Smith & Associates blog.       on
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