A Tampa Bay Times article this past weekend prompted me to look up information for specific neighborhoods that I sell in Northwest Hillsborough county. In the article, zip codes were shown with the percentage price increase they had from 2018 to 2019.
I wanted to go a little more in-depth for these neighborhoods and will be writing about the valuations in them in the coming weeks. In this first report about what is termed Original Carrollwood, I used homes that were built from 1960 to 1975. None were on Lake Carroll. However, I did include some streets including Lindelaan, Hampton Pl and Woodsong Way, that are not legally considered Carrollwood. All sales were closed from April 1st to September 30th of each year. The number of homes closed in this time ranged from 21 closed to a high of 30 closed sales. Median prices were used as they tend to reflect the market better than average pricing. The median sized homes in the area each year were similar with sizes ranging from 1,913 sq. ft at the lowest year to 2,090 feet at the largest.
As can be seen from the graph, the median price for the homes went up most years, with a total appreciation of 34% in 5 years. As the graph shows, there was a drop in the median price in 2018 with an increase again in 2019. I have found the median cost per square foot of living area, is a more accurate measure of the market. This increased steadily from $136/ft in 2015 to $177/ft this year. Note: Using cost per foot for an individual sale can be misleading unless the homes compared to it are very similar.
If you would like to know more about this area or any other neighborhood feel free to contact me.
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 813-908-7293 or visit https://josephlewkowicz.com/