New Tampa Real Estate Stats from 2002-2009
Posted by Calum and Kathleen MacKenzie on Sunday, August 22nd, 2010 at 3:24pm.The charts below show New Tampa home sales from 2002 through 2009. The first chart tracks the average home price by community and the second chart shows the number of homes sold.
When reviewing the numbers it's important to keep in mind that each community has it's own unique make-up. For example, in Pebble Creek which is one of the older communities in New Tampa, many of the homes were built before 3,000+ square feet homes became popular.
Additionally if you look at Richmond Place, you'll notice the average price of a home dropped sharply in 2009 to $89,125. This was due to a large percentage of distressed condo sales in the Enclave complex. In fact out of the 43 sales in Richmond Place in 2009, 32 were condos (compared to 3 condo sales in 2008) with an average sales price of $45,963. Of those 32 condo sales it looks like all but 2 were distressed sales, meaning they were bank owned or short sales. If you back out the condo sales there were 11 single family home sales in Richmond Place in 2009 with an average sales price of $231,523.
The chart below show the number of holds sold in New Tampa between 2002 and 2009.
All data taken from the Greater Tampa Association Realtors MLS and deemed reliable, but not guaranteed.
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