Tampa Homes Are Best-Selling in Florida’s Existing Home Market

Published by nora | Filed under Buyer / Seller Tips, Market Trends, Real Estate

Data from realtor associations shows that Tampa homes are the most popular in Florida’s market for existing single-family homes. In October this year, a total of 2,207 existing single-family units were sold in the Tampa-St. Petersburg-Clearwater area, the best sales performance among Florida’s metro areas.

It was not only in October that the Tampa area topped all other areas this year; it was also the top seller from January to September. Following the Tampa area was Orlando.

Here’s a chart showing the sales performances of Tampa and Orlando in the existing single-family home category from January to October:

Month 2011	Tampa	Orlando
January	1,911	1,826
February	2,375	2,063
March	2,782	2,489
April	2,590	2,568
May	2,749	2,476
July	2,673	2,268
August	2,560	2,418
September	2,375	2,160
October	2,207	2,136

During the month of October, it was only Tampa and Orlando which reached the four-digit sales performance. Here are the numbers of homes sold by the top 5 performers in October:

Tampa-Clearwater-St. Petersburg	2,207
Orlando	2,136
Fort Lauderdale	992
Jacksonville	943
Fort Myers-Cape Coral	938
West Palm Beach-Boca Raton	918

As to prices of Tampa homes, these are still below their levels in 2010, just like in most other areas of Florida, but the median price for existing single-family homes sold in October in the Tampa area is still higher than in many other areas. In October this year, the median sales price for Tampa’s existing single-family homes was $123,800, lower by ten percent than the median price in October 2010, but higher than median sales prices in Daytona Beach, Fort Myers-Cape Coral, Port St. Lucie-Fort Pierce, Lakeland-Winter Haven, Melbourne-Titusville-Palm Bay, Punta Gorda and Ocala.

The two metro areas with the highest median sales prices from January to October this year were the Boca Raton-West Palm Beach area and Fort Lauderdale. Boca Raton reached the median sales price of $214,100 in May and $205,400 in February. Fort Lauderdale reached $193,000 in July and $188,800 in September.

The Tampa area reached the median sales price of $130,000 in August and $126,900 in September. In the October 2011 report issued by the Greater Tampa Association of Realtors (GTAR), Tampa homes priced in the range $200,000 to $250,000 were the most popular among owner-buyers. Following was the $100,000 to $120,000 price range.

Prospective homebuyers and investors interested in Tampa homes for sale can contact Tampa4u.com.