July 2007 New Tampa Real Estate Report
There continue to be some positive
signs in the New Tampa real estate market. A recent article in the
Wall Street Journal
showed Tampa, Florida as one of only four
metro areas with declining home inventory.
In New Tampa, despite a close to
12% drop in sales from July 2007, compared to July 2006, home
inventory is down from 943 homes in June to 913 homes in
July. There was a 6 % drop in the average home price, compared
to 3% gain in July. Although I have to admit, I was surprised to
see even such a modest gain in the price of a New Tampa Home.
For the second month in a row the
lowest priced home and the highest priced home in sold in New Tampa
were located in the Hunter’s
community. The lowest priced home was a 1 bedroom, 1
bath condo with 894 sq.ft. The highest priced home was 5 bedroom, 6
½ bath, 7,851 sq.ft. luxury home located on the golf course.
New Tampa Home Sales for July
|No. Homes Sold
|Average Sales Price
|Median Sales Prices
|Average Days on Market
|Lowest Sales Price
|Highest Sales Price
All data taken from the Greater Tampa Association Realtors MLS
and deemed reliable, but not guaranteed.