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May 10th, 2010 4:47 PM

 

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. 

Over the last 90 days there have been 11,931 listings entering the market vs the same period last year of 11,610 listings.

There have been 5,877 sold listings over the past 90 days vs 5,332 same period last year. This is just over 10 increase over last year.

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

Pinellas: 489 sales with a median sale price of $158,000/$102.41 per sf of 1,553 and 41 DOM.

Pasco: 198 sales with a median sale price of $120,000/$70.81 per sf of 1,678sf and 55 DOM.

Hillsborough: 102 sales with a median sale price of $126,000/$81.61 per sf of 1,552 sf and 43 DOM. 

above statistics are 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.


Posted by Paul Amirto, RAA on May 10th, 2010 4:47 PMPost a Comment (0)

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