Market Trends and analysis for Country Place West, Tampa Florida, 33624, Carrollwood Village, Market in a Minute, CIS Score, Annette Lawrence 727.420.4041
Country Place West, just west of Carrollwood Village, is a community of approximately 675 homes constructed between 1981 and 1987. The homes vary in size from 1200 square feet to 1900 square feet.
Located west of Carrollwood Village, with easy access to Veterans Expressway, Dale Maybry and Interstate 275, Country Place West have proven extremely attractive for those working downtown Tampa.
The Market In a Minute chart below exhibits trend trajectories that spell GOOD NEWS for current home owners.
Of special note are:
- Average Sold Price (d) showing long enduring price improvement
- Average Sold Price Square Feet (g) follows the same trajectory suggesting trend is driven by value and not product change
- Average Days On Market (f) declining suggests sustained buyer demand
These trend lines suggest continued improvement on value while the mobility measure is well below the levels of unsustainable increases. Homeowners are most likely interested in understanding how these trends will influence the value of their house. With so many sources of wildly different numbers, this value question is a significant problem.
The data below is the origin of the above chart.
Sales analysis revealed no monthly sales patterns not conforming to expectation.
A homeowner in County Place West may want to calculate the value of their home by multiplying the square feet of their home by the sold price per square feet ($124). This will produce a number some would suggest as the value of the house. The problem with that is since the house was constructed in approximately 1984, it is extremely likely many changes, improvements, replacements have occurred. Without taking these elements into consideration, the above calculation will be very misleading.
Unfortunately, the home value models available to the homeowner does not allow the home owners input to derive a value. That process seems UPSIDE DOWN to me!
- Cosmetic presentation of the house
- Investment made by the owner
- Systems in the house.
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Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL