As a prominent city of Tampa Bay, Clearwater, Florida features the profitable environment many investors are seeking for real estate investing. Additionally, overall real estate market trends are positive for Clearwater, making it an exceptional place for investing in real estate.
Clearwater Median Home Values
Clearwater median home values have risen an average of 12.3% over the last year, with a projected growth of 4.6% over the next 12 months according to Zillow. Over the last year, the average price per square foot also increased from $96 to $109, according to Trulia.
In part, real estate investors are attracted to Clearwater because of the appreciation of properties year-over-year, in addition to cash flow and monthly profits.
Location is of supreme importance with real estate, and Clearwater is one of the best locations for real estate investing.
Clearwater’s close proximity to Tampa allows for easy access to big city amenities, while living in a smaller coastal community. And as part of Tampa Bay, Clearwater offers diverse opportunities to invest in several types of properties in numerous communities to create a diverse and vibrant portfolio of investment properties.
Clearwater and greater Tampa Bay have growing and vibrant job markets, because local businesses are growing. Local airports make it easy to conduct business around the nation, while living in a coastal community with some of the highest ranked beaches in the U.S.
Investing in waterfront properties can be very lucrative, and Florida is one of the most desirable locations for these types of properties.
Clearwater has different types of waterfront properties, featuring properties on the Gulf of Mexico, Clearwater Harbor, and Tampa Bay. As a result, Clearwater is considered by many to have some of the best waterfront property in Florida, in addition to being a desirable location for boaters.
Clearwater Beach, as a coastal community in Clearwater, is one of the highest rated beaches in the U.S., and a popular location for vacationers and permanent residents alike who love a beach lifestyle. Therefore, waterfront property in Clearwater Beach is in high demand, and brings top dollar for rentals and vacation properties.
Supply and Demand
Demand is exceeding supply in Tampa Bay, which is reflected in the 12% rise in Clearwater home values over the last year.
“It’s really a good market right now, and if I can stress one thing that’s been a common theme it’s that demand exceeds supply in lower price points,” Charles Richardson, senior regional vice president of Coldwell Banker, was quoted April 20, 2016 in the Tampa Bay Times.
Expert real estate investors are taking advantage of rising home values in Clearwater, as they purchase and rehab undervalued properties in the city, while also purchasing properties in surround communities.
Graystone Investment Group
Graystone Investment Group is an experienced Investment Group wholesaling properties in Metro Tampa Bay. Unlike other wholesaling groups, we find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years, at no extra charge.