My New Blog

8/26/2008

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: 24,298/24,312/24,319/24,072 Active listings plus 3,363/3,322/3,237/3,137 pending and 18,227/18,207/18,161/17,512 sold 12 months ending 08/22/2008. Average sales price/Days on Market are $254,507/103 DOM vs $255,721/103 vs $256,770/103 vs $253,393/103 The prior 12 month period was 22,665 vs 22,787/22,964/23,105 with an average sales price of $286,410/83 vs $286,287/82 vs $286,520/81.

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

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

In the most recent month there have been 1,736/1,735/1,698/1,683 sold with an average sale price of $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 5,370/5,413/5,370/5,366 sales and an average sale price of $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 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 $263,066/84 DOM vs $261,691.

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

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