Calum's Blog: New Tampa Real Estate

New Tampa real estate prices managed to gain 2.9% in 2006, despite a 17.8% drop in the number of units sold, while days on market nearly double, going from 35.0 to 68.2. 

Single Family homes saw the biggest prices gains with the average price of a New Tampa Home rising 14.9%, they also saw the largest decline in unit sold with a drop of 33.1%.  Townhome prices gained 8.3%, while units sold dropped 23.8%.

The New Tampa condominium market saw gains in both prices, up 8.2%, and units sold, up 117.7%.  Don't let these number fool you, the New Tampa condo market has been flooded with condo conversions in the last two years. There are now over eight condo conversion projects in New Tampa, of which maybe two have managed to sell out, so there is still a lof of…

There were 6 home sales in Arbor Greene in November, compared to 4 in November of 2005. There are currently 71 active listings in Arbor Greene ranging in price from $249,000 to $759,900, with a median price of $440,000.   November 2006 No. of Homes Sold = 6 Average Sales Price = $448,316 Median Sale Price = $439,000 Average Days on Market = 79   November 2005 No. of Homes Sold = 4 Average Sales Price = $466,158 Median Sale Price = $500,000 Average Days on Market = 27 Read Full Post