Tampa Home Sales in May Dominated by $200K-$250K Homes

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

More homebuyers are now buying higher priced Tampa homes!  In May 2012, the $200,000 to $250,000 price range has made more sales than any other price range, including the lowest price-range — the less than $50,000 range — which has been the perennial topnotcher in the past few years.

A total of 168 single-family homes and villas in the $200,000 to $250,000 price range were sold in April, the highest sales figure among all price ranges, as seen in the table below:

Price Range	No. of Single-Family Homes
	and Villas Sold in May 2012
$200,000 – $249,999	168
$1- $49,999	159
$120,000 – 139,999	148
$250,000 – 299,999	123
$100,000 – 119,999	126
$140,000 – 159,999	118
$160,000 – 179,999	115

Among owner-buyers, this $200,000 to $250,000 price range also had the biggest total sales from January to May 2012. A total of 694 units in this price range got sold during the five-month period, the biggest number among the price ranges, excluding the $1 to $49,999 range, which usually cover the bargain investment properties.

Price Range	No. of Single-Family Homes
	and Villas Sold from January to May 2012
$1- $49,999	840
$200,000 – $249,999	694
$120,000 – 139,999	624
$100,000 – 119,999	610
$140,000 – 159,999	504
$160,000 – 179,999	477
$250,000 – 299,999	435

In May, there were 17 single-family homes priced $1 million and above that were sold, pushing up the five-month total sales of million-dollar homes to 55 units.

In the market for condos, townhouses and co-ops, the bargain investment price range – $1 to $49,9999 — posted the biggest sale in May 2012, followed by the $60,000 to $69,999 range and the $50,000 to $59,999 range. One condo in the $1 million and above price range was sold.

All in all, a total of 2,127 single-family homes, villas, condos, co-ops and townhomes were sold in May, representing an increase of 11.54 percent from the previous month’s sale of 1,907 units, and a year-over-year increase of 5.8 percent.

Both the listing and sold prices increased month-over-month and year-over-year.  The total number of available Tampa homes for sale continued its downward direction, which started in the latter part of 2009.  This is good news for home builders and workers in the home construction sector.  The number of days on the market also continued to drop, falling to 90 days, its lowest level over the past several years.