Tampa Bay real estate has finally rebounded. Homes are selling again and prices are moving up, but are stable and affordable! Good news for both buyers and sellers.
So how is the market in Tampa?
Well, according to Trulia.com, Tampa and its surrounding area has about 3,600 homes currently for sale, and there were approximately 6,900 recent sales. The average listing price is just above $350,000 which is up slightly from just a month ago. The average listing price in April was $339,000. Not too shabby!
More statistics that are positive?
The average price per square foot for properties in the Tampa area is $124, which is an increase of 6.9% from the same time last year. The median sales price for February 15 to May 15 was $165,000 based from 2,027 home sales, which is an increase of 8.9%. Different areas of Tampa have different average listing prices. The average listing price for homes for sale in Old Seminole Heights are $191,555 and Tampa Palms are $451,974.
Real estate investors are back and investing!
On top of that real estate investors are back and investing in Tampa itself. The Riverwalk extension should be completed soon and other projects have been unveiled. This is important because none of it would happen if those who spend millions to invest in Tampa real estate projects didn’t think it was a safe and sage investment. So why should you not pay attention to those who know?
Now is the time
Whether you are a buyer or a seller, now is the time to get back into real estate in Tampa. Prices are stable and homes are moving. It’s time for you to find the home that fits best for you.
If you are ready to get back into the Tampa Bay real estate market, give me a call today! 727-474-9069 Deb Ward
