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July Market Report (Tampa Area)

Here is the real estate market report for July, 2007 for the Tampa Metro Area.

***Disclaimer***
The information I am posting is from a variety of resources and ultimately not all homes can possibly be accounted for due to public records errors, and the fact that there is no accurate comprehensive database for FSBO's (For Sale By Owner). Prices are rounded off for convenience and this data is for informational purposes only.

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JULY

Brandon
# Sold 65
Avg SP $253,000
Med SP $210,000
Avg DOM 92
Med DOM 75

Valrico
# Sold 66
Avg SP $272,000
Med SP $261,000
Avg DOM 91
Med DOM 78

Seffner
# Sold 13
Avg SP $193,000
Med SP $192,000
Avg DOM 49
Med DOM 35

Riverview
# Sold 99
Avg SP $223,000
Med SP $208,000
Avg DOM 86
Med DOM 67

Tampa
# Sold 658
Avg SP $313,000
Med SP $225,000
Avg DOM 105
Med DOM 80

Lithia
# Sold 27
Avg SP $344,000
Med SP $320,000
Avg DOM 97
Med DOM 81

Legend:
# Sold: Number of homes that sold during that month.
Avg SP: Average sold price of the homes sold.
Med SP: Median sold price of the homes sold.
Avg DOM: Average # of days those homes were active on the market.
Med DOM: Median # of days those homes were active on the market.

Posted by Andrew Boutilier on 08/06/2007 07:28 PM

Comments (2)

boutilier, brandon, exit realty, florida, hillsborough, july, lithia, real estate, realtor, riverview, seffner, tampa, valrico

This post has been included in Florida Information Hillsborough County, FL Information

2 Comments on July Market Report (Tampa Area)

Seffner seems to sell quite fast once on the market with 39 days DOM average. Why is that Andrew? Lowest prices? Thanks for sharing that great in for Tampa..

08/06/2007 07:55 PM

by LLoyd Nichols~SW Florida Homes (Right Choice Realty LLC)

Lloyd,

Thanks for your comments. There are a lot of factors at play here, in my opinion. Over the last few years, I have been hearing more and more from people here in Florida that they are "fed up" with the "cookie-cutter" subdivisions with homes being practically on top of one another. In a lot of places you can almost open your kitchen window and shake hands with your neighbor through THEIR window. Buyers, and a lot of sellers, have been opting for more space between homes. Seffner is still quite rural, for the most part. Many homes are not in a subdivision, and of the ones that are, many of those have larger lots. That, coupled with somewhat more attractive prices and a smaller inventory, seems to make a difference in this area.

For example, two homes in Seffner that I sold last year (already in the buyers market) went relatively quickly. One was actively on the market for 45 days with one price change, and the other sold in six days for just over list price and had multiple offers.

-Andy

08/07/2007 05:40 PM

by Andrew Boutilier (Exit Realty Consultants)

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