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South Pinellas Times

Monday, November 4, 2024

How did home prices perform in Redington Shores during the second half of 2020?

Re 1

The median sale price of a home sold in the second half of 2020 in Redington Shores rose by $79,500 while total sales decreased by 78.9%, according to BlockShopper.com.

From July through December of 2020, there were 12 homes sold, with a median sale price of $589,500 - a 15.6% increase over the $510,000 median sale price for the same period of the previous year. There were 57 homes sold in Redington Shores in the second half of 2019.

The median sales tax in Redington Shores for the most recent year with available data, 2019, was $5,048, approximately 0.9% of the median home sale price for the second half of 2020.

The following table compares Redington Shores to other Pinellas County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
N Redington Beach832-75%$881,000$685,75028.5%
Redington Beach924-62.5%$681,500$592,50015%
Belleair Beach1635-54.3%$590,000$625,000-5.6%
Redington Shores1257-78.9%$589,500$510,00015.6%
Indian Rocks Beach2469-65.2%$565,000$499,90013%
St Pete Beach69239-71.1%$460,000$395,00016.5%
Belleair1691-82.4%$453,750$325,00039.6%
Palm Harbor38165-77%$447,000$345,00029.6%
Treasure Island35170-79.4%$410,000$377,4508.6%
Madeira Beach2689-70.8%$380,000$455,000-16.5%
Safety Harbor40202-80.2%$364,500$300,50021.3%

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