Clearwater Real Estate Market Overview
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Location and Weather
Clearwater is known for the beautiful beaches and serene Gulf of Mexico waters, that can only be found on the west coast of Florida. Clearwater, along with Tampa and St. Petersburg, form one of Florida’s biggest metropolitan areas. For years it’s been a sought-after destination for beach loving tourists, which has led to its thriving real estate and rental market.
Clearwater summers are warm and long, with high temperatures in the 90’s and lows in the mid 70’s. Florida’s rainy season is in the summer, and Clearwater is no exception, with daily showers in the afternoons. The winters are mild, with temperatures ranging from 55 degrees to 90 degrees and are often windy.
Population, Job Market and Cost of Living
Clearwater’s population in 2018 was 116,478, with a growth rate of .87%. The job growth has increased by 2.3% over last year and in ten years, is predicted to have reached 41.12%. The largest employers are in Health Care & Social Assistance, Retail/Trade and, since it’s a favored tourist destination, Accommodations & Food Services. Major companies in Clearwater include Tech Data, Lincare Holdings, and Morgan Tire and Auto. Housing prices and the cost of living are moderate, due to Clearwaters real estate market, which attracts many retirees.
Considering the impeccable beaches of Clearwater, many water related activities, such as boating and fishing, thrive here. Thanks to a warm climate, steady job growth, moderate cost of living and the emphasis on arts and culture, Clearwater will continue to attract retirees and active families.