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Article Marketing » Istruzione » Scuole » Tampa Real Estate Market News for November 2011



Tampa Real Estate Market News for November 2011


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scritto da: slc - Visite: 0 - Numero di parole: 343 - Data: 21 Dec 2011 - Ora: 5:21 AM 0 commenti




[caption id="attachment_1348" align="aligncenter" width="600" caption="Deep sea fishing from John's Pass"]Inside Tampa real estate [/caption]

 

According to statistics released by the Greater Tampa Association of Realtors, the market had a total of 1523 properties sold last month. The average sales price for a home in the Tampa area for the month of November was $146,436, down from $151,329 in October. The average list price was $154, 625 which represented a 95% sales-to-list price ratio for the month. The average days on the market (DOM) was down from 111 to 103. Supply remained unchanged from October with 6.4 months of inventory on the market. While overall real estate activity did dip from October, we were still up 13% when looking at YTD compared to 2010’s YTD.

For single family homes, sales were down nine percent from last month. However sales were up 7.3% when compared to November of 2010. Year to date sales (YTD) also showed a healthy increase for single family homes in Tampa when compared to 2010 YTD, up 11.12%. Homes less than $50,000 continued to lead the way, taking up roughly thriteen percent of market activity. Homes in the 200-250 thousand dollar price range were next, taking up roughly 10% of market share.

Condo activity in the bay area told a similar story with sales down 5.5% from last month, but up 10.29% year over year. Likewise condos priced under fifty thousand dollars took up nearly 26% of market activity. Many of these condos are being purchased by investors, people looking for second homes in Tampa, or foreign buyers (in particular Canada.)

Housing sales by style remained relatively unchanged. Single family homes took up 71% of market share, followed by condos/townhomes at 11% and finally villas/manufactured homes with less than 3% of sales activity.

 



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Source: Tampa Real Estate Market News for November 2011



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