My New Blog

11/13/2008

Here are the most recent numbers for the Tampa Bay area! Now included will be total short sales.

Total Listings in Pasco, Pinellas and Hillsborough Combined are as follows for current vs the prior period: 23,736/23,818/24,305/24,059/24,298/24,312 Active listings plus 3,120/3,209/3,355/3,302/3,363 pending and 18,700/18,529/18,416/18,157/18,227/18,207 sold 12 months ending 11/12/2008. Average sales price/Days on Market is $235,200/126 DOM vs $295,577/140 DOM vs $249,894/103 vs $254,507/103 DOM vs $255,721.

Based on the above recent sales and available listings, the absorption rate is still hovering in the 6.5% area reflecting 16 months of inventory.

Of the 23,736/23,818/24,305/24,059/24,298/24,312 active listings, 8,257/8,230/8,301/8,194/8,220/9,205 are vacant and 4,419/4,315/4,135/3,993/3,907/3,113 are in some type of foreclosure stage.

In the most recent month there have been 1,411/1,581/1,502/1,736/1,735 sold with an average sale price of $197,230/102 DOM vs $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 4,793/5,209/5,217/5,370/5,413 sales and an average sale price of $207,278/101 DOM $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 472 sales at $199,356/84 DOM vs 469 sales at $201,470/83 DOM vs 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.

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.