147 homes were sold in New Tampa with a median price of $265,000 in May 2017. This compares with 123 homes sold during the same period last year which translates into a 20% increase in the number of homes closed and a 5% decrease in the median price (from $251,500 to $265,000).
At the end of the month there were 318 homes for sale in the area; 46% of the available homes sold in the last month. 318/147 equals an inventory of 2.16 months.
New Tampa is located in Hillsborough County, north Tampa Bay Florida. New Tampa is made up of abundant conservation areas, lakes, golf courses, parks, shopping and A rated schools. It is considered to be one of the most desirable, upscale residential areas in the Greater Tampa Bay area. New Tampa Communities include Arbor Greene, Bassett Creek, Cory Lake Isles, Cross Creek, Easton Park, Grand Hampton, Hammocks, Heritage Isles, Hunter’s Green, K-Bar Ranch, Live Oak Preserve, Pebble Creek, Richmond Place, Stone Creek, Tampa Palms and West Meadows.
If you are looking to buy or sell a home in New Tampa, Florida, talk to a real estate professional that is capable of helping you navigate the options at your disposal. Joe and Rose LoCicero of Team 54 Realty are New Tampa Realtors and can help you purchase or sell a home in New Tampa, contact them today at (813) 435-5411.
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