Thursday, July 16, 2009

Tampa Bay Real Estate Market – Just the June Facts, Straight from the Stats

According to recent statistics posted by the Greater Tampa Association of REALTORS® (GTAR), June saw a significant increase in home sale prices and properties sold, as well as a notable decrease in days spent on the market. While we may not yet be out of the woods, this raw real estate data shows significantly improvement conditions in the Tampa Bay market.

According to June’s market statistics, units sold were up by as much as 14 percent from May 2009 and 23 percent from last June. Year to date, home sales are up by approximately 20 percent. The days properties spent on the market were down by 7 percent from June, with an average of 110 days for the entire Tampa Bay area.

The most positive shift in June’s statistics was the increase in home sale prices throughout the Tampa Bay area. All sub-areas of Hillsborough County saw an increase in selling price with the exception of Town n Country. The average home price was up by $14,000 from May with the average selling price at $191,160. Pasco County also experienced a moderate increase in home sales prices.

The two markets of Tampa that continue to see strong increases in home sale prices remain New Tampa and South Tampa. Not surprisingly, South Tampa average home prices were up by $18,000 from May 2009, while New Tampa saw an even more significant increase of $45,000. Statistics have shown that these two highly desirable Tampa Bay regions have been strong areas of the market with relatively stable conditions. Buyers continue to view South Tampa and New Tampa as smart real estate purchases. These are just the facts, delivered by SI Real Estate.


Lindsey said...

There is no doubt about it. The Tampa real estate market is on the way to recovery! Numerous homes have multiple offers and some for greater than the asking price!! It is a WELCOMED CHANGE!

Anonymous said...

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SI Real Estate Investments said...

Hi Lindsey & Britney! Thanks for the post. Just want to follow up. Tampa Bay Homes sales up 30% in July!!!! Wow.