FishHawk Ranch Real Estate Market Stats March 2014 | Lithia Florida

By
Real Estate Agent with Kings Realty & Property Mgmt.

FishHawk Ranch Real Estate Market Stats March 2014 | Lithia Florida

Below is a  breakdown of the FishHawk Ranch (Lithia, Florida) real estate market for March 2015.

These market statistics are for single-family homes only.

Current Inventory Levels for the Month Ending March 2015

  • There are currently 123 Active FishHawk Ranch homes for sale up from 118 in February 2015 and 105 in January.
  • The median List Price Per Square Foot for homes that are Active For Sale is currently $128.25.
  • Over the last 6 months 139 homes have Sold and Closed. That is down from 152 for the previous 6 months ending February 2015 and down even further from 176 that Sold and Closed the previous 6 months from January 2015.
  • Over the last 6 months the median Sold Price Per Square Foot was $119.71 down from $120.05 for the previous 6 months ending February 2015.
  • Median Days on Market for March 2015 was 70 days, the same as February 2015.
  • Supply or backlog of homes for March 2015 was 5.3 months. Once again this was up from 4.7 months in February 2015, 3.6 months in January 2015 and up from a 2.9 month supply in December 2014.

Activity for March 2015 vs March 2014

  • In March 2015 there were 18 homes that Sold and Closed vs 26 in March 2014.
  • The median List Price Per Square Foot for the homes that Sold and Closed in March 2015 was $123.94 vs $113.95 in March 2014.
  • The median Sold Price Per Square Foot for the homes that Sold and Closed in March 2015 was $119.95 vs $113.07 in March 2014.
  • The median Days on Market for the homes that Sold and Closed in March 2015 was 25 days vs 75 days in March 2014.

Pending Contracts for March 2015

  • In March 2015 there were 42 homes that are in Pending Contract status. In February 2015 there were 20.
  • The median List Price Per Square Foot of the homes that are in Pending status is $130.85 vs $121.51 in February 2015.

Current Mortgage Rates

Mortgage rates are still historically low. Current mortgage rates for a 30 year fixed rate mortgage are still hovering around 3.90%. From the last Fed meeting it sounds like the Fed Funds rate will be left unchanged for the next couple of months. Most economist are now predicting that the Fed will raise interest rates in or around September. Keep in mind that these rates may not have a direct effect on mortgage rates, it does however start to put some pressure on mortgage rates and my guess is you will start to see them rise a bit heading toward the end of the year.

Fannie Mae now offers a program that allows for as little as a 3% down payment.

Market Analysis and Outlook

The FishHawk Real Estate market seems to be fairly stable. The current months supply or backlog of homes in FishHawk Ranch did increase again to 5.3 months but the Pending homes for sale also jumped as well.

The number of homes sold in FishHawk Ranch over the last 6 months has still been trending down. In October this number was 205 and in March it was 139. There is no question that less homes are selling and closing every month. This would start to be concerning except that the Pending sales had a big jump this month.

Price Per Square Foot of Sold homes stabilized in March. It looks like the February drop to $112 Per Square Foot may just have been from a holiday hangover. In January this number was around $122 and in March it rebounded back to just under $120 Per Square Foot.

With interest rates at historical lows and as balanced of a market that I have seen in about 9 years this looks to be a stable market for the foreseeable future.

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About the author

The above FishHawk Ranch real estate article FishHawk Ranch Real Estate Market Stats March 2014 | Lithia Florida” was written by Jeff Gould.

Jeff is a top selling, nationally recognized Florida REALTOR® and local FishHawk Ranch real estate expert. You will find him selling homes in the Tampa Bay, Florida and surrounding areas. Some of those areas include FishHawk, Lithia, Riverview, Valrico, Apollo Beach, Brandon and Tampa.

If you are looking to sell or buy a Tampa Bay area home, Jeff is your local and trusted professional. He can be reached via phone/text at (813) 421-3007 or by email at Jeff@FishHawkRanchRealEstate.net.

Connect with Jeff on:

Twitter FishHawk Realtor      Facebook/FishHawkRealEstate

Jeffrey Gould Real Estate Logo, FishHawk Ranch Real Estate, FishHawk Homes For Sale

For additional FishHawk Ranch information or to search for other homes, please visit the FishHawk Real Estate home page.

© 2015, Jeff Gould. All rights reserved.

Comments (17)

Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

Hi Jeff - thank you for following me on Active Rain.  I am now following you.  It looks like you are a newbie to Active Rain. . . is that correct?  If yes, let me know and I will introduce to you to some amazing friends I have met here.  I am purchasing a home on Long Boat Key, getting my Florida Brokers License and would love to meet you someday when I am there.  :)

 

Apr 02, 2015 11:41 PM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Hi Jeff, welcome to ActiveRain.  Your posts are interesting and full of information that consumers would like to know or would find useful.

Apr 06, 2015 11:02 AM
Jeff Gould
Kings Realty & Property Mgmt. - Lithia, FL

Thank you Silvia Dukes PA, REALTOR, CRS, CIPS, SRES , I appreciate it!

Apr 06, 2015 11:01 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Jeff, this is a tremendous amount of valuable information packed into a market report! It answers many questions for the public.  Great job!  Thanks for the follow. I look forward to reading more of your posts.

Apr 15, 2015 03:56 PM
Roy Kelley
Retired - Gaithersburg, MD

Relocation families will appreciate your local market reports.

Many Maryland retirees are moving your way.

Apr 18, 2015 06:47 AM
Jeff Gould
Kings Realty & Property Mgmt. - Lithia, FL

Thank you Roy Kelley I apprciate it. Yes it seems like we are getting some higher than normal relocations after the tough winter in the north this year.

Apr 22, 2015 04:26 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Jeff,

I wanted to let you know that I featured you in my weekly series Saturday Subscriber Finds. I hope you can go over and check it out. Have a good weekend.

Debbie

May 02, 2015 12:51 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone thinking of relocating to your market area will appreciate this report. 

May 02, 2015 09:21 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Jeff- welcome to ActiveRain!  You've provided the kind of information that consumers are looking for. 

May 03, 2015 04:25 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Jeff - Debbie Reynolds' Saturday Subscriber Finds brought me here today. Looking forward to reading more of your posts.  Have a successful week ahead

May 03, 2015 07:16 PM
Jeff Gould
Kings Realty & Property Mgmt. - Lithia, FL

Thank you Debbie Reynolds. I appreciate the shout out! Have a great day! I look forward to connecting in the future.

May 04, 2015 03:57 AM
Jeff Gould
Kings Realty & Property Mgmt. - Lithia, FL

Hi Michael Jacobs, thank you. I hope you do the same!

May 04, 2015 04:00 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Jeff, welcome to ActiveRain! We are glad you are here! I came over from Debbie Reynolds post about you.  You can tell you are not a new agent by the great market report!

May 04, 2015 12:55 PM
Jeff Gould
Kings Realty & Property Mgmt. - Lithia, FL

Thank you Evelyn Johnston, I appreciate it. I've been involved in real estate for a long time but finally made it over to active rain!

Thanks for connecting with me!

Jeff Gould
Kings Realty

May 05, 2015 06:15 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, you did a great job with the market news for Lithia, FL!    Buyers and sellers like to know what is happening with the real estate market! 

May 19, 2015 10:57 PM
Jeff Gould
Kings Realty & Property Mgmt. - Lithia, FL

Thank you Joan Cox I appreciate it!

Jeff Gould

Kings Realty & Property Mgmt.

FishHawk Ranch Real Estate

May 21, 2015 05:03 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Welcome to the Rain, Jeff.

I hope, blogging will bring a solid exposure for your business and good clients.

Jun 23, 2015 04:31 PM