Westchase 33626

Local Market Insight

Updated monthly, the LMI offers a snapshot of how this area's market is performing compared to last month, last year and 5-year historical averages. You have the option to view the report for all properties or by a particular home type segment.
 

Summary In 33626
The median sold price for SFH/Villa properties for February was $355,000, representing an increase of 22% compared to last month and a decrease of 3.2% from Feb 2015. The average days on market for units sold in February was 73 days, 11% below the 5-year February average of 82 days. There was a 16.3% month over month increase in new contract activity with 57 New Pendings; a 14.1% MoM increase in All Pendings (new contracts + contracts carried over from January) to 81; and a 7.8% increase in supply to 111 active units. This activity resulted in a Contract Ratio of 0.73 pendings per active listing, up from 0.69 in January and a decrease from 0.74 in February 2015. The Contract Ratio is 10% lower than the 5-year February average of 0.81. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

Coldwell Banker Residential Real Estate
Premier Choice Luxury Group 
12551 Bassbrook Lane Tampa, FL 33626  bonneauteam@realtor.com
Call or Text us anytime 813-767-9937