• July 17, 2019

Sale Comparison for Northwest Hillsborough (July 2019)

JOE-LEWKOWICZ, JULY-MARKET-ANALYSIS, BLOG, 1

Sale Comparison for Northwest Hillsborough (July 2019)

The defined area is Busch Blvd to the south, State Road 54 to the north, Livingston to the east, and Pinellas county line to the west; neighborhoods include Westchase, Cheval, Carrollwood, Carrollwood Village, and Northdale.

There were 429 single-family homes sold in June of 2019 and decreased from 2018 with 458 sales. Median sales prices increased by $5,000 to $330,000 from $325,000 the year before. There was a drop in closed sales from May with 486 closings to June with 429 closings, an 11% decrease in sales. However, closings were stronger in June than in April. In years past, I have often seen May with more closed sales than June. New construction closings were flat from 2018 to 2019, with 42 closings in both years. The median cost per sq. ft in June is $153/ft. As always, I recommend that cost per sq. ft. only be used as a guideline, as many other factors can determine the actual value of a property.

Average days to a contract are very low for the area, with median days being 18 to receive a contract. Foreclosures and short sales remained an insignificant number of sales with 12 foreclosed sales and only 2 short sales.

As of today, there are 1,040 active listings for sale, the same as in the June report.

Depending on the price range and the area, the current real estate market remains robust. As expected, the lower the price the more demand. Usually, June and July are the best sales months. I look forward to comparing future sales months to these current ones.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/