Since last week at this time the number of Tampa homes for sale has crept slightly upwards while the number of homes under contract remains stable and flat. This is a snapshot view of the market. Data used is from the Mid-Florida Regional MLS for city = Tampa. All brokers/agents included.

But hey, 141 lucky Tampa home sellers did find a buyer to agree to terms with them. Here’s some facts about the properties:

• Average property was priced at $271k and is a 3/2, 1685 sqft built in 1976.
• Zip 33647 (New Tampa) leads the pack with 18 new properties in pending status.
• Listed at $1.5 million dollars, 804 S Delaware in Hyde Park tops the list with respect to price. This home was on the market a whopping 6 days. (more info below).
• 89 of the 141 had price changes since 1/1/2007, and 23 of them dropped prices with in the last 18 days.

Back to 804 S Delaware: Six days to contract is a rare thing in this market, although we just had one go to contract in two. To find a buyer quickly in this market, pricing correctly out of the gate is most important. But 804 S Delaware, listed by Smith & Associates, is a jewel in the Hyde Park Historic District. Homes like this don’t come on the market everyday, and many like this never need the MLS to find a buyer. The listing agent notes that the home is “One of the most beautifully maintained and sensitively restored homes I’ve ever seen.” Built in 1915, the wood frame home has 5 bedrooms with 3 and 1/2 baths in its 4219 sqft.

But if a property is not such a “rare find”, pricing is of the utmost importance in finding a buyer quickly. Sellers and/or their agents must do the homework to analyze the market and judge the home against the others that buyers may be considering, which can be many with the current inventory. Home sellers need to put the buyer hat on and take a good look at what else is available for buyers that may be looking at their home.

• How does the location compare?
• How does the condition compare?
• Does the home have any hidden amenities?
• How does the surrounding area compare?(very important in South Tampa)

These are just a few of the questions that need answering when trying to place a “market value” on a property.

Browse Hyde Park Area Homes For Sale

Gurvich Realty Group of Keller Williams