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What is the Status of the New Tampa, FL Real Estate Market?

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Real Estate Agent with Charles Rutenberg Realty, Inc. - Luxury Tampa Properties

What is the Status of the New Tampa, FL Real Estate Market?
 

There were 337 active listings in New Tampa in January 2015. This was a decrease of 11.8% from January 2014. There were 72 closed contracts in January 2015 after an average of 71 days on the market.  The median sales price of the homes was $200,000, with an average sale price of $194,667.  While the number of closed contracts decreased from the prior month of December, 2014, the 72 closed contracts in January represent an increase of 12.5% from January 2014.

Inventory

                                                 Jan-2015          Jan-2014         % Change

Active Listings                        337                   382                     -11.78%

New Listings                           105                   141                     -25.53%

New Under Contracts              87                     95                       -8.42%

New Contingents                      40                    16                      150.00%

New Pendings                         129                   120                        7.50%

All Pendings                            203                   205                       -0.98%

 

 

New Tampa Real Estate Report Summary


The average listing price for sold homes in January 2015 in New Tampa was $201.798.

The average sold price to original listing price ratio in January 2015 was 93.7%.

The average sold price to listing price ratio for January 2015 was 96.2%.

How were these homes financed:

Assumption 1

Cash 33

Conventional 25

FHA 8

Other 3

Owner 0

VA 2

 

Find Homes for Sale in New Tampa, FL - 33647 - Current Listings

 

How I Can Help You

Please visit my website to search for New Tampa homes or search for homes in the Tampa Bay area.

Simplify your search and sign up to be notified when Tampa Bay homes come on the market.

To find out what your home is worth in the current market email me at laura@luxurytampaproperties.com or call 813-382-8412. 

 Statistical information derived from MFRMLS/RealEstate Business Intelligence, LLC

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Comments(2)

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Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Hi Laura, looks like the New Tampa market has lost inventory over the past year, like in many other markets.  Hope you have a great year.

Feb 24, 2015 01:19 PM
Laura Miller, Realtor - Luxury Tampa Properties
Charles Rutenberg Realty, Inc. - Luxury Tampa Properties - Wesley Chapel, FL

Hi Michael.  This is very true and with the "good" or move-in ready inventory  even more scarce. Thank you for your comment. Have a great day!

Feb 24, 2015 08:47 PM