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.

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