Tuesday, October 04, 2011
September real estate report for New Tampa*
September single family home Sale Prices in New Tampa:
Sold prices ranged from a low of $122,000 to a high of $750,000, with an average sold price of $276,454.
Traditional or Distressed Sales?
Based on the information reported in our MLS, 76% were traditional sales (NOT distressed sales), 2% were REO/ Foreclosures, and 22% were short sales/pre-foreclosures.
Sales Price/List Price Ratios:
The average Sales Price/List Price ratios were: Traditional sales--96%, REO/Pre-foreclosures sold ABOVE list price--108%, and Short Sales--96% of list price.
52% of the home sales were financed with conventional loans, 26% with new FHA loans, 9% were paid for in cash, and 2% were other.
Currently Listed For Sale in New Tampa:
There are over 300 single family homes listed for sale in New Tampa with prices starting at $90,000 and going up to over $2.5 million.
*Information reported in MLS on the morning of October 4, 2011 deemed reliable but not guaranteed.