Indian Shores home prices fall in the third quarter of 2020

Medium realestate5

The median sale price of a home sold in the third quarter of 2020 in Indian Shores fell by $104,250 while total sales decreased by 81.8%, according to BlockShopper.com.

From July through September of 2020, there were eight homes sold, with a median sale price of $328,250 - a 24.1% decrease over the $432,500 median sale price for the same period of the previous year. There were 44 homes sold in Indian Shores in the third quarter of 2019.

The median sales tax in Indian Shores for the most recent year with available data, 2019, was $5,053, approximately 1.5% of the median home sale price for the third quarter of 2020.

The following table compares Indian Shores to other Pinellas County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
St Pete Beach33140-76.4%$476,000$390,00022.1%
Treasure Island2198-78.6%$410,000$364,00012.6%
Palm Harbor1795-82.1%$400,000$370,0008.1%
Safety Harbor20101-80.2%$356,000$299,00019.1%
Oldsmar31103-69.9%$334,000$268,00024.6%
Indian Shores844-81.8%$328,250$432,500-24.1%
Madeira Beach1333-60.6%$316,000$462,000-31.6%
Tarpon Springs52249-79.1%$284,750$245,00016.2%
Gulfport22103-78.6%$270,500$215,00025.8%
Seminole70417-83.2%$260,000$227,00014.5%
Largo62422-85.3%$247,600$215,00015.2%

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