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South Tampa Real Estate Report for February 2007

Although overall sales were down, the South Tampa real estate market had price gains of 20.7% in February 2007, when compared to February 2006.  The overall gain was driven up primarily by a group of high end condominium sales that closed in February. Condo sales actually showed gains of 80%, while single family homes gained 10%, and townhome sales were down 15%.  For a full report on single family homes, condominiums and townhomes, see South Tampa Home Sales for February 2007.
 
There are currently 946 South Tampa Homes, 648 South Tampa Condos, and 358 South Tampa Townhomes on the market.
South Tampa Residential Sales for February 2007
  2006 2007 % Change
No. Homes Sold 169 107 -36.7%
Average Sales Price $393,354 $474,945 20.7%
Median Sales Prices $279,000 $305,990 9.7%
Average Days on Market 83.0 163.6 97.1%
Lowest Sales Price $85,000 $110,000 29.4%
Highest Sales Price $2,060,000 $3,550,000 72.3%

 

All data taken from the Greater Tampa Association Realtors MLS and deemed reliable, but not guaranteed.

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Calum

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Hi, let me introduce myself, I’m Calum MacKenzie. My wife Kathy and I are Tampa real estate professionals who take our business seriously… oka... Read More

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