Calum's Blog: New Tampa Real Estate

Similar to the rest of Florida, the New Tampa real estate market continued its poor performance in May. Probably not a big surprise to anyone who's been tracking the housing market, which thanks to newspapers, magazines, television stations, radio stations, media wires, internet portals, internet forums, and the thousand of blogs, like this one, is just about everyone.

First the good news, hmm let's see? Well, it rained last weekend, which for those living here, was a welcomed weekend event.  Alright, the rain is not the only good news, May 2007 homes sales are a 15.6% improvement over April's figures of 64 homes sold.  Although one month does not constitute a trend, it's worth watching as we continue through the summer months.

Now the bad news, the…

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I've been falling behind on some of my monthly reports, but here are the figures for Arbor Greene in April 2007.  The numbers haven't changed much since my last report in March. There were 3 homes sold in Arbor Greene in April 2007, a 57% decline over April 2006. 

There are currently 74 active Arbor Greene listings, which is 4 more than my last report on March 29th.

Arbor Greene Home Sales for April 2007

  2006 2007 % Change No. Homes Sold 7 3 -57.1% Average Sales Price $389,341 $391,333 0.5% …

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US Home has opened its model center for its new upscale townhomes located in the community of Arbor Greene in New Tampa. They’re actually calling these Carriage Homes and these are ideal for the buyer looking for a high-end luxury townhome in the New Tampa area.    There are six floor plans, ranging in square footage from 2,385 to 2,549. All units have 3 floors and 2-car attached garages and most of the units have an optional elevator. Prices range from $274,900 to $305,900 and they inventory ready right now. As of Sunday April 22nd, 8 units have been sold and when construction is complete there will be 159 Carriage Homes in the community.    This is the last section of Arbor Greene to be developed and if you’re not familiar with Arbor Greene, it’s a… Read Full Post

Well, first the good news, the construction on Cross Creek Blvd. is almost complete and the long awaited traffic signal at the entrance to Arbor Greene is just waiting to be programmed and turned on.

  In terms of home sales in Arbor Greene, there were four homes sold in February 2007, compared to five in February 2006.  The average home price fell from $411,500 to $349,514 in February.   There are currently 70 active Arbor Greene listings, which is up from 62 on February 13th.

Arbor Greene Home Sales for February 2007

  2006 2007 % Change No. Homes Sold 5 4 -20.0% …

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Contructions Begins on I-75 / Bruce B. Downs Fly-over   After what seems like years in planning and waiting, construction has finally begun on the I-75 fly-over on-ramp, from Bruce B. Downs to I-75 South. If you’ve driven by the I-75 / Bruce B. Downs intersection lately, you can’t help but notice how much more open the area is now that they’ve started to clear the land for the project.    The project will cost $41 million and construction is expected to take two years to complete. There will be road closure on both Bruce B. Downs and I-75, so if at all possible you’ll want to avoid the area during these days.    Read the full story here.   Cross Creek Blvd. Update   For those that have been suffering through the construction on Cross Creek Blvd.… Read Full Post

The New Tampa real estate market was down in February, with sales down close to 16%, compared to February 2006.  The good news is that February sales are ahead of January sales by 30%. Prices were only off by l%, inventory remains high with 907 active New Tampa listings, which is up from 877 listings on February 13th.

Further good news came from the University of Florida study released on March 9th, see Now's the Time to Buy in Florida.

New Tampa Home Sales for February 2007   2006 2007 % Change No. Homes Sold 76 64 -15.8% Average Sales Price $330,777 …

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New Tampa real estate continued its trend, with home sales down 46% in January 2007 compared to January 2006.  The average price of a New Tampa home rose slighty by 1.9% to $346,816.  Although prices seem to be holding,  homes are taking longer to sell with the average days on market climbing to 109 days in January 2007, ahead of the 43 days it took to sell in 2006.

Inventory remains high with 877 active listings in New Tampa, which is up fom 858 listings on January 19th.

New Tampa Residential Sales for January 2007

  2006 2007 % Change No. Homes Sold 91 49 -46.2% Average Sales…

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The Arbor Greene real estate market finished down in 2006 with total home sales down 43%.  The average price of an Arbor Greene home rose 7.6% to $417,334, while the median price of an Arbor Greene home held steady at $365,000.

Of course the big news for Arbor Greene residents in 2006 was the long awaited expansion of Cross Creek Blvd. to 4 lanes and the addition of a traffic signal at the entrance to Arbor Greene.  Although construction is still not complete, it is apparently on schedule to be completed by May of this year.

There are currently 62 active Arbor Greene listings with a price range of $245,900 to $759,900. 

Arbor Greene Residential Home Sales for January 2007 

  2005 2006 …

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