Ever since we started looking at the most popular Tampa home price ranges in the past few years, we have been noticing that the $200,000 to $249,999 Tampa homes are still the most popular among Tampa home buyers, based on the Market Report feature of My Florida Regional Multiple Listing Service.
Over the first 6 months of 2016, from Jan 1, 2016 to June 30, 2016, in each of the Tampa Bay counties of Hillsborough, Pinellas and Pasco, the $200,000 to $249,999 home price range was the most popular among 23 price ranges, from $29,999 & under to $1,000,000 & over, based on number of single-family homes sold within this 6-month period.
Here are the 3 most popular home price ranges in each of the 3 Tampa Bay counties, based on single-family homes sold:
Hillsborough Single-Family Homes Sold:
$200 – $249,999 1,488
$250 – $299,999 1,011
$180 – $199,999 709
Pinellas Single-Family Homes Sold:
$200,000 – $249,999 930
$250,000 – $299,999 725
$140,000 – $159,999 509
Pasco Single-Family Homes Sold:
$200,000 – $249,999 212
$120,000 – $139,999 148
$100,000 – $119,999 122
We also see that the second most popular price range is the same for both Hillsborough and Pinellas — the $250,000-$299,999 price range. In Pasco County, most of the single-family homes sold over the first-half of 2016 are located in West Pasco.
For condos, here are the most popular price ranges, based on number of condos sold over the first half of 2016:
Hillsborough Condos Sold:
$50,000 – 59,999 100
$120,000 – $$139,999 96
$100,000 – $119,999 95
Pinellas Condos Sold:
$80,000 – $89,999 202
$70,000 – $79,999 193
$90,000 – $99,999 191
$100,000 – $119,999 191
$200,000 – $249,999 191
Pasco Condos Sold:
$50,000 – $59,999 53
$40,000 – $49,999 52
$30,000 – $39,999 39
In the condo market, the more popular price ranges are the lower ones. This is because real estate investors are maximizing their budgets, spending their funds on lower-priced properties. Investors are also always looking out for condos with good locations that they can rent out faster.
Sales of Million-Dollar and Multimillion-Dollar Tampa Homes over the First Half of 2016
Hillsborough County:
Single-family homes 122
Condos 4
Townhouse 1
Farm 1
Pinellas County:
Single-family homes 139
Condos 60
Townhouse 1
Pasco County:
Single-family homes 2
A total of 330 million-dollar and multimillion-dollar Tampa Bay homes were sold over the first half of 2016:
Single-family homes 263
Condos 64
Townhouses 2
Farm 1
The three most expensive Tampa Bay single-family homes sold over the first half were in Pinellas, in Belleair and Belleair Shores:
1. Sold for $6.7 million — 4-bedroom 5-bath 2-half-bath 16,780-sf home in Grand Oaks, Belleair
2. Sold for $6.4 million — 4-bedroom 5-bath 1-half-bath 8,933-sf home in Belleair Beach, Belleair Shores
3. Sold for $6.15 million — 5-bedroom 7-bath 1-half-bath 12,747-sf home in Belleair Beach, Belleair Shores