Tampa Bay Real Estate Market Second Most Active in Florida in April

The Tampa Bay real estate market was the second most active market among 22 large metro areas in FLORIDA in April 2016, second only to the Miami metro area. It surpassed the Orlando and Jacksonville metro areas, which ranked third and fourth, respectively, in residential sales activity.

A total of 4,199 Tampa single-family homes were sold, 13 units more than the Miami area’s sales of single-family homes. It was in the condo and townhouse market that the Miami area surpassed the Tampa Bay real estate market and every other  metro area, with 4,165 condos and townhomes sold.

Tampa Bay sold a total of 5,841 residential units, second to the Miami metro area’s total sales of 8,364. Tampa Bay’s sales in April were a show of growth, as it represented a year-over-year increase of 3.8% in the single-family sector and an increase of 7.9% in the condo and townhouse sector.

 

Rank Metro Area Closed Sales Closed Sales TOTAL
Single-Family Homes Condos and Townhouses of Closed Sales
1 Miami-Fort Lauderdale-West Palm Beach 4,199 4,165 8,364
2 TAMPA-St. Petersburg-Clearwater 4,212 1,629 5,841
3 Orlando-Kissimmee-Sanford 2,927 772 3,699
4 Jacksonville 1,971 416 2,387
5 North Port-Sarasota-Bradenton 1,267 688 1,955
6 Cape Coral-Fort Myers 1,216 699 1,915
7 Deltona-Daytona Beach-Ormond Beach 1,016 265 1,281
8 Palm Bay-Melbourne-Titusville 881 257 1,138
9 Naples-Immokalee-Marco Island 457 594 1,051
10 Port St. Lucie 738 275 1,013
11 Lakeland-Winter Haven 833 103 936
12 Pensacola-Ferry Pass-Brent 680 88 768
13 Crestview-Fort Walton Beach-Destin 556 126 682
14 Punta Gorda 435 136 571
15 Ocala 534 21 555
16 Tallahassee 375 76 451
17 Panama City 269 121 390
18 Sebastian-Vero Beach 259 93 352
19 Gainesville 284 67 351
20 Homosassa Springs 293 19 312
21 Sebring 141 28 169
22 The Villages 95 20 115
FLORIDA 24,144 10,738 34,882

Along with the increase in sales volume, TAMPA BAY real estate prices also increased year-over-year in  April 2016. Tampa Bay’s median price for single family homes increased by 11.8% to $190,000 and the median price for condos and townhomes rose by 8.2% to $131,000.

 

Rank Metro Area Median Price
1 Naples-Immokalee-Marco Island $465,000
2 Miami-Fort Lauderdale-West Palm Beach $300,000
3 North Port-Sarasota-Bradenton $260,000
4 Crestview-Fort Walton Beach-Destin $249,900
5 Cape Coral-Fort Myers $235,000
6 The Villages $235,000
7 Orlando-Kissimmee-Sanford $213,000
8 Port St. Lucie 204,537
9 Jacksonville 203,000
10 Gainesville $200,500
11 Sebastian-Vero Beach $199,500
12 TAMPA-St. Petersburg-Clearwater $190,000
13 Punta Gorda $190,000
14 Panama City $185,000
15 Tallahassee $180,000
16 Palm Bay-Melbourne-Titusville $179,900
17 Pensacola-Ferry Pass-Brent $165,500
18 Deltona-Daytona Beach-Ormond Beach $162,900
19 Lakeland-Winter Haven $152,000
20 Homosassa Springs $132,000
21 Ocala $127,000
22 Sebring $115,000
FLORIDA $213,000

Despite the rise in the prices of Tampa Bay homes, their affordability is still an attraction. The median price of Tampa Bay’s single-family homes is still lower than the median prices in 11 Florida metro areas.