As of September 23, 2010 there are 17,848 homes actively listed in the Tampa Bay area with 5,819 (33%) under contract. Of the 17,848 homes, 5,398 are reflected as vacant in MLS. 6,752 homes reflected in MLS as distressed listings. With 17,848 homes on the market and 26,288 homes sold over the past 12 months we have 8.1 months of inventory. Although it is normal for sales to slow down going in to the end of summer, this is a very high real estate inventory.

This is actually not too bad, I thought we would have fewer sales, however distress listings are up and that is not good. I'll take a look at the actual sale price variances in the next few days and report the results.

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 May 17th, 2010 there are 15,872 homes actively listed in the Tampa Bay area with 6,976 (44%) under contract. Of the 15,872 homes, 4,338 are reflected as vacant in MLS. 5,194 homes reflected in MLS as distressed listings. With 15,872 homes on the market and 24,131 homes sold over the past 12 months we have 7.9 months of inventory. Clearly reflecting the market is improving.

As of April 25, 2010 there are 16,186 single family homes listed and 7,016 pending in the Tampa Bay area with 5,197 homes in some type of foreclosure stage and 4,357 of all single family listings are vacant. 5,339 homes have sold over the past 90 days. For the past 30 days there have been 1,868 sales with a median sale price of $149,500, 1,638 sf and built in 1979 selling at a median of $85.65 per sf.

That is a good increase over the prior month. We are coming to the end of the federal home buyers tax credit at the end of April. Overall it is typical going in to this quarter to pick up in sales. I think the credit will have a slight impact on new buyers, however it will be minimal. 

As of March 25, 2010 there are 16,242 homes actively listed in the Tampa Bay area with 6,517 (40%) under contract. Of the 16,242 homes, 4,280 are reflected as vacant in MLS. 5,277 homes reflected in MLS as distress listings. With 16,242 homes on the market and 23,655 homes sold over the past 12 months we have 8.2 months inventory. I feel the housing market in the Tampa Bay area will start to pick back up over the next couple of weeks. Tampa Bay foreclosures are slowly being removed from the market and I'm seeing a very high interest from investors purchasing and flipping for a quick profit.

It's big news!!! The market has dropped off in the Tampa Bay area. Let's take a look at this big drop off.

In January 2010 there were 1,450 sales of single family homes in MLS. Median sale price of $130,000, built in 1982 and 1,602 sf.

In January 2009 there were 1,419 sales of single family homes in MLS. Median sale price of $128,000, built in 1979 and 1,553 sf.

We had an increase in MLS sales. There could be a decrease in recorded sales in public records if they are only counting recordings which include bank recordings taking back the property. In that case, last year was higher than this year. It looks like a slightly older and smaller home sold in 2009 vs 2010. Although minimal, it could be considered a small decrease. But from a realistic standpoint, that is relatively stable.

I have noted a decrease in total sales on an appraisal by appraisal basis, however sale prices appear to be holding and new listings coming on the market have decreased. This is normal for this time of year. I expect sales to pick back up over the next two months. 

Also noted, I have been seeing for sale by owners having more success. Unfortunately, the lenders will not let the appraiser use these without verification of an outside source. Usually the buyers are reluctant to give out any information.

FYI - Info for 2008 only 1,112 sales with a median of $193,400, 1,694 sf, built in 1984. Now that is a decrease!

As of January 21, 2010 there are 16,247 homes listed in the Tampa Bay area and 3,080 of these are reflected as vacant in MLS. Average list price is $328,141 and 2,032 sf of living area, price per square foot of $144.97. 5,033 homes are pending. The pending sale percentage is 31%.  This was expected for the time of year. With 16,247 homes on the market and 23,351 homes sold over the past 12 months we have 8.3 months inventory. Unfortunately due to the way the MLS system was recently changed, I can't get an accurate reading of distressed properties, however at current it reflects 4,991 of the 16,247 listings. It is actually higher than this. 

The next few weeks will be a sign of things to come. Sales should start picking up again going into the second quarter of 2010.

As of October 30, 2009 there are 16,411 single family homes listed and 5,954 pending in the Tampa Bay area with 4,777 homes in some type of foreclosure stage and 3,255 of all single family listings are vacant. 6,063 homes have sold over the past 90 days with an average sold price of $179,498 at $106.80/sf and an average of 1,802 sf of living area.  The pending sale percentage is now 34%.

As of October 21, 2009 there are 16,378 homes listed in the Tampa Bay area and 3,280 of all single family listings are vacant. Average list price is $340,927 with an average of 2,052 sf of living area, average price per square foot of $154.04.  6,108 homes are pending. The pending sale percentage is 37.3%. The Tampa Bay area is still showing a good sign of recovery.

As of September 28, 2009 there are 16,525 single family homes listed and 6,140 pending in the Tampa Bay area with 2,476 homes in some type of foreclosure stage and 3,427 of all single family listings are vacant 6,111 homes have sold over the past 90 days with an average sold price of $189,611 at $96.13/sf and an average of 1,832 sf of living area.  The pending sale percentage is now 37%.

As of September 14, 2009 there are 16,625 homes listed in the Tampa Bay area with 2,500 homes in some type of foreclosure stage and 3,537 of all single family listings are vacant. Average list price is $345,738 with an average of 2,056 sf of living area, average price per square foot of $155.07.  6,013 homes are pending. The pending sale percentage is 36.2%. That's a good increase over two weeks ago.

As of June 30, 2009 there are 17,813 homes listed in the Tampa Bay area with 2,968 homes in some type of foreclosure stage and 4,410 of all single family listings are vacant. Average list price is $349,445 with an average of 2,050 sf of living area, average price per square foot of $144.77.  5,710 homes are pending. The pending sale percentage is 32.0%. There is only a slight change over last weeks numbers, but still good

As of June 23, 2009 there are 17,897 homes listed and 5,724 pending in the Tampa Bay area with 3,004 homes in some type of foreclosure stage and 4,516 of all single family listings are vacant. Average list price is $348,060 with an average of 2,044 sf of living area.  The pending sale percentage is 32.0%. These numbers are fantastic. This is usually the busier time of year, however with the decrease of listings entering the market it is quite encouraging.

As of June 9, 2009 there are 18,266 homes listed in the Tampa Bay area with 3,163 homes in some type of foreclosure stage and 4,028 of all single family listings are vacant. Average list price is $344,100 with and average of 2,035 sf of living area.  The pending percentage is 29.9%. Housing numbers continue to look better. I'm starting to see offers at or slightly above asking on some foreclosure listings, as not to lose the property to a higher bidder.

As of May 29, 2009 there are 18,549 homes listed in the Tampa Bay area with 3,169 homes in some type of foreclosure stage and 5,038 of all single family listings are vacant. Average list price is $344,262 with and average of 2,032 sf of living area. 

05/12/2009 - 19,005 active listings of single family homes in Pinellas, Pasco and Hillsborough Counties with 5,540 pending and 3,277 in a stage of foreclosure and 5,452 vacant homes.

04/22/2009 - 19,834 active listings of single family homes in Pinellas, Pasco and Hillsborough Counties with 4,733 pending and 3,560 in a stage of foreclosure and 6,295 vacant homes.

03/25/2009 - 20,968 active listings of single family homes in Pinellas, Pasco and Hillsborough Counties with 4,043 pending and 3,873 in a stage of foreclosure and 6,899 vacant homes.

02/18/2009 - 21,742 active listings of single family homes in Pinellas, Pasco and Hillsborough Counties with 3,843 pending and 4,079 in a stage of foreclosure and 7,250 vacant homes.

02/6/2009 - 21,935 active listings of single family homes in Pinellas, Pasco and Hillsborough Counties with 3,511 pending and 4,695 in a stage of foreclosure.

01/05/2009 - 21,896 active listings in Pinellas, Pasco and Hillsborough Counties and 4,390 of these are in some stage of foreclosure.

12/19/2008 - 23,207 active listings in Pinellas, Pasco and Hillsborough Counties and 4,474 of these are in some stage of foreclosure.