First Quarter 2014 Real Estate Report For New Tampa

The quantity of single family homes sales reported in our MLS for New Tampa (Zip code 33647) in the first quarter of 2014 is down from the first quarter last year, while the average sold price is up:

Total Sold In First Quarter

 

2013:  261

2014:  168

 

Average First Quarter Sales Price:

 

2013:  $289,596.

2014:  $307,275.
 

Average First Quarter Sales Price/Sq. Ft. (Heated)
 

2013:  $98.64

2014:  $108.41

 

Additionally, distressed sales (short sales & Reo/Foreclosures) in the first quarter decreased from 28% in 2013 to 20% in 2014, and all cash sales dropped from 39% to 26%. 

 

Currently there are 313 single family homes for sale in New Tampa with asking prices ranging from $119,900. for a "sinkhole-foreclosure home" (Oh boy!) to $1,350,000. for a 5,392 sq. ft. executive pool home in The Reserve (gated and guarded) of Tampa Palms.

 

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Russ Perlowski, People's Choice Realty 813-505-7460