Tampa Bay real estate prices continued to increase in June due to the diminishing supply of available homes for sale. In the Tampa-St. Petersburg-Clearwater metro area, the median price for homes sold in June 2012 increased over the year by 7% to $133,800 and the average price for home sold rose over the year by 7.7% to $184,282. Home sellers got an average of nearly 92% of their listing prices in June
this year, a jump of 3.8% from the 88.4% they got in June last year.
Available supply of homes dropped significantly over the year by nearly 28%, from 18,567 housing units in June last year to 14,103 units in June this year. This was equivalent to a drop of 36.2% from 8 months worth of supply to only 5.1 months.
The 10 priciest Tampa Bay real estate markets in June 2012, based on median sales prices were the following communities and zip codes:
1. $470,000 33786 Belleair Beach (Pinellas)
2. $445,000 33548 Lutz, Lake Wilson (Hillsborough)
3. $385,000 33767 Clearwater Beach (Pinellas)
4. $345,000 33629 Culbreath Isles, Palma Ceia (Hillsborough)
5. $308,750 33556 Odessa (Hillsborough)
6. $295,000 33558 Cheval, Lakeshore Estates (Hillsborough)
7. $294,450 33706 St. Pete Beach, Treasure Island (Pinellas)
8. $290,000 34688 Whispering Lakes, Keystone, Cypress Run (Pinellas)
9. $285,950 33785 Indian Rocks Beach (Pinellas)
10.$270,000 33606 University of Tampa, Hyde Park (Hillsborough)
We can see from the ranking that the priciest Tampa Bay zip codes in June were evenly divided between Pinellas and Hillsborough, with a Pinellas community being the priciest with a median sales price of $470,000. Actually, there was a home in the Crystal Beach area in Pinellas with zip code 34681 that got sold for $610,000, but this was the sole home sale in the area, so it was not considered in the
ranking. We can also see that the priciest Pinellas zip codes are those communities with beaches.
11. $268,750 34695 Baywoods, Safety Harbor (Pinellas)
12. $262,500 33701 North Downtown, Bayshore (Pinellas)
13. $251,000 33704 Crescent Heights, Snell Isle (Pinellas)
14. $250,710 33547 Lithia, Fish Hawk (Hillsborough)
15. $247,500 33626 Westchase, Keystone (Hillsborough)
16. $234,950 33572 Apollo Beach (Hillsborough)
17. $226,000 33598 Wimauma (Hillsborough)
18. $224,500 33525 Dade City, Sunset Hills (Pasco)
19. $224,031 33527 Dover (Hillsborough)
20. $220,800 33592 Thonotosassa (Hillsborough)
21. $220,000 33556 Odessa (Pasco)
22. $215,500 33708 Redington Beach, Madeira Beach (Pinellas)
23. $214,750 33549 Lutz, Windmere (Hillsborough)
24. $210,000 33762 Eagles Crossing, St. Pete Int Airport (Pinellas)
25. $207,500 33609 Beach Park, Bon Air (Hillsborough)
26. $205,000 33647 New Tampa, Tampa Palms (Hillsborough)
27. $202,500 33776 Oakhurst Groves, Oaktree Highlands (Pinellas)
28. $200,750 33523 Dade City, Cypress Manor (Pasco)
29. $200,000 33596 Valrico (Hillsborough)
30. $200,000 34677 Oldsmar, Cypress Lakes Preserve (Pinellas)
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