My New Blog

9/18/2008

Here are the most recent numbers for the Tampa Bay area!

Total Listings in Pasco, Pinellas and Hillsborough Combined are as follows for current vs the prior period: 24,305/24,059/24,298/24,312 Active listings plus 3,355/3,302/3,363 pending and 18,416/18,157/18,227/18,207 sold 12 months ending 09/18/2008. Average sales price/Days on Market is $249,894/103 vs $254,507/103 DOM vs $255,721.

The prior 12 month period was 22,165 vs 22,259 vs 22,665 vs 22,787 with an average sales price of $285,949/86 vs $286,403/85 vs $286,410/83.

Based on the above recent sales and available listings, the absorption rate is still hovering in the 6.3% area reflecting 16 months of inventory.

Of the 24,305/24,059/24,298/24,312 active listings, 8,301/8,194/8,220/9,205 are vacant and 4,135/3,993/3,907/3,113 are in some type of foreclosure stage.

In the most recent month there have been 1,581/1,502/1,736/1,735 sold with an average sale price of $219,887/100 DOM vs $218,270/97 DOM vs $234,668/101 DOM vs $234,822/104 DOM and for the previous 90 days 5,209/5,217/5,370/5,413 sales and an average sale price of $229,532/102 DOM vs $230,194/103 DOM vs $239,154/102 DOM vs $240,986/104 DOM.

Looking at a typical 3 bedroom, 2 bath home between 1,200 - 2,100 sf in Pinellas County over the past 90 days:

Currently 418 sales at $215,203/89 DOM vs 419 sales at $214,942/87 DOM vs 433 sales at $217,528/89 DOM vs 433 homes average sold price of $219,745/89 DOM vs 438 homes with an average sale price of $221,241.

For the same period last year it was 450 sold at an average of $258,993/85 DOM vs 471 sold at an average of $260,504/96 DOM vs $263,066/84 DOM vs $261,691.

Above Statistics based on single family homes listed and sold in MLS only.

Sponsored by Associated Appraisal Group, Inc. - appraising real estate in Pinellas, Pasco and Hillsborough Counties.

Here are the most recent numbers for the Tampa Bay area!

Total Listings in Pasco, Pinellas and Hillsborough Combined are as follows for current vs the prior period: 24,059/24,298/24,312/24,319/24,072 Active listings plus 3,302/3,363/3,322/3,237/3,137 pending and 18,157/18,227/18,207/18,161/17,512 sold 12 months ending 09/08/2008. Average sales price/Days on Market is $251,023/103 vs $254,507/103 DOM vs $255,721/103 vs $256,770/103 vs $253,393/103.

The prior 12 month period was 22,259 vs 22,665 vs 22,787/22,964/23,105 with an average sales price of $286,403/85 vs $286,410/83 vs $286,287/82 vs $286,520/81.

Based on the above recent sales and available listings, the absorption rate is still hovering in the 6.2% area reflecting 16 months of inventory.

Of the 24,059/24,298/24,312/24,319/24,072 active listings, 8,194/8,220/9,205/8,166/8,093 are vacant and 3,993/3,907/3,113/3,808/3,705 are in some type of foreclosure stage.

In the most recent month there have been 1,502/1,736/1,735/1,698/1,683 sold with an average sale price of $218,270/97 DOM vs $234,668/101 DOM vs $234,822/104 DOM vs $235,480/104 DOM vs $238,094/104 DOM and for the previous 90 days 5,217/5,370/5,413/5,370/5,366 sales and an average sale price of $230,194/103 DOM vs $239,154/102 DOM vs $240,986/104 DOM vs $242,201/104 DOM vs $245,016/104 DOM.

Looking at a typical 3 bedroom, 2 bath home between 1,200 - 2,100 sf in Pinellas County over the past 90 days:

Currently 419 sales at $214,942/87 DOM vs 433 sales at $217,528/89 DOM vs 433 homes average sold price of $219,745/89 DOM vs 438 homes with an average sale price of $221,241.

For the same period last year it was 471 sold at an average of $260,504/96 DOM vs $263,066/84 DOM vs $261,691.

Above Statistics based on single family homes listed and sold in MLS only.

Sponsored by Associated Appraisal Group, Inc. - appraising real estate in Pinellas, Pasco and Hillsborough Counties.