Calum's Blog: South Tampa Real Estate

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 …

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Residential home sales in the South Tampa market declined 8.5% in January, compared to the same period last year.  The average price of a South Tampa home fell slightly by 3% and the median price fell 7.1%.   There are currently 911 South Tampa Homes, 641 South Tampa Condos, and 371 South Tampa Townhomes on the market. Based on January’s sales figures this represents close to a 15 month supply of homes.

South Tampa Residential Sales for January 2007

  2006 2007 % Change No. Homes Sold 141 129 -8.5% Average Sales Price $394,910 $383,201 …

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Despite a 40% drop in sales, the South Tampa real estate market posted strong price gains in 2006, with the average residential sales price rising 18%. South Tampa remains the preeminent location in the Tampa area, and its home prices show it, with an average single family home going for $537,648 in 2006. Overall inventories remain high with 1,861 active residential listings in South Tampa, search South Tampa Real Estate.   The South Tampa townhome market posted similar results, with townhome sales down 36.6% and the average price of a townhome rising 14.1%. There are currently 341 active townhome listings in South Tampa.   South Tampa Condos saw the biggest sales drop, with condo sales dropping almost 50%. Although the average price of a condo was… Read Full Post

Sales in South Tampa real estate market were down 44.6% in November compared to the same period in 2005. The average home price was actually up 13.2% compared to November 2005 thanks to single family homes. South Tampa condominium prices were down 5.4% and sales were down 54.4%, while townhome prices were flat and sales were down 50%. Inventories remain high with 1,733 active residential listings.

South Tampa Residential Sales for November 2006
  2005 2006 % Change No. Homes Sold 231 128 -44.6% Average Sales Price $358,307 $405,594 13.2% …

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