July 2007 New Tampa Real Estate Report
Posted Aug 21, 2007 @ 10:48 pm, Viewed by 743 Visitors, Read 755 Times.There continue to be some positive signs in the New Tampa real estate market. A recent article in the Wall Street Journal showed Tampa, Florida as one of only four metro areas with declining home inventory.
In New Tampa, despite a close to 12% drop in sales from July 2007, compared to July 2006, home inventory is down from 943 homes in June to 913 homes in July. There was a 6 % drop in the average home price, compared to 3% gain in July. Although I have to admit, I was surprised to see even such a modest gain in the price of a New Tampa Home.
For the second month in a row the lowest priced home and the highest priced home in sold in New Tampa were located in the Hunter’s Green community. The lowest priced home was a 1 bedroom, 1 bath condo with 894 sq.ft. The highest priced home was 5 bedroom, 6 ½ bath, 7,851 sq.ft. luxury home located on the golf course.
| 2006 | 2007 | % Change | |
| No. Homes Sold | 119 | 105 | -11.8% |
| Average Sales Price | $335,618 | $346,733 | -3.3% |
| Median Sales Prices | $295,000 | $295,000 | 0.0% |
| Average Days on Market | 90.6 | 122.5 | 35.2% |
| Lowest Sales Price | $135,000 | $95,000 | -11.8% |
| Highest Sales Price | $1,875,000 | $1,625,000 | -13.3% |
All data taken from the Greater Tampa Association Realtors MLS and deemed reliable, but not guaranteed.
Relocating to Tampa Florida? TampaHomes24-7.com is a one-stop source for all kinds of information related to the Tampa real estate market, including Wesley Chapel real estate.
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Hi, let me introduce myself, I’m Calum MacKenzie. My wife Kathy and I are Tampa real estate professionals who take our business seriously… okay, so sometimes I’m not so serious, but definitely personally. Read More
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