Category Archives: Real Estate Statistics

Tampa Bay Real Estate Market Is 4th Most Affordable in Florida

tampa-bay-real-estate-affordable

Based on the median sales prices of existing single-family homes in the third quarter of 2014, the Tampa Bay real estate market is the fourth most affordable housing market among metropolitan statistical areas in Florida.
 

Metro Area Median Sales Price
Ocala $ 108,000
Lakeland-Winter Haven $ 140,200
Punta Gorda $ 142,000
Tampa-St. Petersburg-Clearwater $ 145,000
Palm Bay-Melbourne-Titusville $ 145,000
Deltona-Daytona Beach-Ormond Beach $ 152,000
Pensacola-Ferry Pass-Brent $ 155,000
Palm Coast $ 157,500
Port St. Lucie $ 160,000
Sebastian-Vero Beach $ 165,000
Tallahassee $ 175,000
Panama City-Lynn Haven-Panama City Beach $ 178,500
Cape Coral-Fort Myers $ 180,000
Orlando $ 180,000
Gainesville $ 181,000
Jacksonville $ 186,500
Crestview-Fort Walton Beach-Destin $ 192,500
Sarasota-Bradenton-Venice $ 222,000
Miami-Fort Lauderdale-Miami Beach $ 270,000
Naples-Marco Island $ 342,500
Region Median Sales Price
Midwest $ 172,700
South $ 189,400
U.S. $ 217,300
Northeast $ 261,700
West $ 302,300

 
Source of Data: National Association of Realtors (NAR

5 Tampa Bay Real Estate Trends

Here are 5 significant Tampa Bay real estate trends over the past few years, based on data from the Greater Tampa Association of Realtors (GTAR) and My Florida Regional MLS:

1.   The best selling Tampa Bay homes are those priced in the $200,000 to $250,000 range.

This range has been the best seller since the middle of 2012.

sale-price-listing-tampa-bay-real-estate

*Above graph is based on Greater Tampa residential sales from January 1 to October 31, 2014, as reported to GTAR.

Top Sales Price Ranges Market Share
200,000 – 249,999 12.34%
      1 – 49,999 10.21%
140,000 – 159,999 8.25%
250,000 – 299,999 8.00%
120,000 – 139,999 8.00%
160,000 – 179,999 7.67%
100,000 – 119,999 6.32%
180,000 – 199,999 5.97%
300,000 – 349,999 4.95%

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