Friday, May 11, 2012

New Tampa Real Estate report for May, 2012

69 single family homes in New Tampa were reported sold in April (an increase of 11% over last April) with an average sales price of $267,463.  The reported average sold price per sq. ft. (heated) was $94.66.  Additionally, 72% of the reported sales by our local MLS for the month were "normal" sales; 13% were Short Sales (pre-foreclosures), and 15% were REO's/Foreclosures.  We are now seeing multiple offers on some listings, with bidding wars on some listings; particularly those that show well and are not distressed properties.  26% of the reported single home New Tampa sales in April sold at or above list price.*

Currently there are over 300 single family homes for sale in New Tampa (zip code 33647) with list prices ranging from $92,000 to over $2 million.

*Information provided by our local MLS deemed reliable but not guaranteed

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