The South Tampa Real Estate Market Is On Fire! [STATS]

The South Tampa Real Estate Market Is On Fire! Pending Homes Sales up 33%

Unlike the National statistics and Hillsborough County as a whole, we want to take a closer look at one of Tampa’s most expensive zip codes (33629)

Here are some figures I’d like to share with you for South Tampa Real Estate. South Tampa has long been one of the prime locations for homebuyers because of its proximity to an array of fine restaurants and stores, along with its convenient access to downtown as well as the bridges that lead to Gulf Coast beaches.  The 33629 zip code also boasts one of Tampa’s best school districts, Plant High School.

Back to the South Tampa Stats:  The arrows point upward. In April of 2015 the median sales price is $479,900, up from $396,250 in March of 2015 and up over last year’s figure as well. (If you look at a two-year chart, March’s price went really low, but the dip looks like an aberration rather than a trend.) New pending sales are up 35 percent from a year ago, along with an almost 33 percent increase in sales that closed.

Tampa’s most expensive home for sale is also located in the South Tampa area.  The historic Stovall-Lee House on Bayshore Boulevard in Tampa just hit the market at the highest price of any current listing in Hillsborough County and the second highest in the bay area.  For $13.9 million, you can own the largest estate in South Tampa.

If you have been on the fence about selling your home and want to know what your home is worth, please contact us here for a free market analysis.