TAMPA AREA REAL ESTATE UPDATE. HOW IS THE MARKET DOING?

How is the economy in your area doing? Economists say the economy is improving. Here is what’s going on in the Tampa area.

By the Numbers….
Our local Greater Tampa market continues to grow stronger and regain itself in a steady state which is good for local buyers and sellers.We are currently still in a low inventory market with more buyers than sellers.National Hedge Fund buying has slowed and that’s good news for our local area. Owner occupied buyers bring stability and the best property preservation. As we go in to the fourth quarter of 2013, I wanted to share some key numbers and how we compare to same period last year:

  • Average Sales price on Single family homes up 16.7%
  • Biggest increase in number of actual homes sold are those homes priced between $200K and $300K– 9.5% increase
  • Number of new residential listings down 10%
  • 30 year fixed rates on September 6th 2012 — 3.79% Today— 4.57%
  • Waiting one year to buy a $200K home cost today’s buyer an additional $302 month (price plus rate increase net effect) for the identical house!!

Give me a call today to discuss getting Pre-qualified, finding the right home or getting your current home sold—quickly and for top market value. Let me show you how the #1 name in real estate can go to work for you.

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