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Updating the Tampa Bay area real estate statistics:

As of August 8, 2010, the last 90 days there have been 11,860 listings entering the market vs the same period last year of 11,642 listings.

Lets take a look at homes sales and listings in the Tampa Bay area over the past few months.

As of May 10, 2010, there are 15,744 available single family homes. Additionally, there are 7,117 under contract. Of these, 4,461 are listed as distressed and is actually slightly higher as many Realtors do not reflect their listing as distressed. Of the 15,744, 5,139 are listed as distressed. As you can see, a higher percentage of contracts go to the distressed properties which is consistent with the appraisals were are handling these days. 

As of March 17th 2010, home sales in the Tampa Bay area have continued to slow slightly, however is showing signs it is changing for the better. I think we will pick up going in to April.

Total MLS active Listings of single family homes in Pasco, Pinellas and Hillsborough Combined are as follows:

As of February 10th 2010, home sales in the Tampa Bay area slowed slightly, which was expected. 

Total MLS active Listings of single family homes in Pasco, Pinellas and Hillsborough Combined are as follows:

Looking at the total single family listings entering the market for December 2008 vs 2009 it is 1223 vs 1069 in Pinellas County. Total sales in December 2008 were 559 vs 645 for 2009 with a median sale price of $146,000, with 1,488 sf, sales price per sf is $103.14, built in 1964 and on the market for 60 days. For 2009 the medians were $143,500 with 1,462sf, and $99.49 per sf, built in 1964 and on the market only 44 days.

It appears we had a small decrease in values during the first quarter of 2009 with an increase in the second quarter, however we decreased back to first quarter values in the third and fourth quarters of 2009. I think we may have a small increase in values over the next year, but mostly floundering in a trading range.

Many of the short sales and foreclosures are selling at or above asking prices, indicating buyers are worried they won't have their offer accepted.

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

As of December 23nd 2009, home sales in the Tampa Bay area continue to improve. Very few communities are sliding. 

Total MLS active Listings of single family homes in Pasco, Pinellas and Hillsborough Combined are as follows:

As of November 27th 2009, home sales in the Tampa Bay area continue to improve. Very few communities are sliding. 

Total MLS Listings of single family homes in Pasco, Pinellas and Hillsborough Combined are as follows:

Please post any of your suggestions of alternative information you would like to see on this blog and I will do my best to pull and analyze it for you. I seem to get a high request volume for the Palm Harbor area, so I will start analyzing listing and sale information more often.

Over the last 90 days there have been 11,738 listings entering the market of which 2,145 are distress vs the same period last year of 14,319 listings with 3,595 of which were distress. Slightly higher than the July reading, but still better than last year.

Sales volume over the past 90 days vs last year is 6,329 vs 5,369.

At current inventory levels, we have just under 8 months worth. We continue the decline in housing inventory.

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

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

Looking at the condo market, there have been 3,266 condos listed in the tri county bay area over the last 90 days. Average list price is $196,755 with 1,164 sf and $142.60 per square foot. Listings during the same period one year back, there were 3,926 listings. This is very important as a reduction in inventory will reflect in buyers choices and increasing sale prices.

The total current listings on the market is 6,637 active and 1,380 pending.

The average sale price for closed sales during the last 90 days is 1,360 with an average sale price of $161.44 per square foot. Compared to last years there were 1,144 sales at an average of $162.09 per square foot. Although not a significant value change, it is a substantial increase in volume of sales. 

I personally feel we are past the deep losses and should see a slight increase but settle in to a stable sales trend for some time. Florida needs to work out tax and insurance issues or we will keep losing population.

Above Statistics based on Condominium listings in MLS only and do not include for sale by owners or transfers in public records not listed in MLS.

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