Make us your home page

Tampa Bay home prices tick down in July

The median price of a single-family home in the Tampa Bay area dropped in July, the first decrease this year.

The price fell 3.2 percent from $129,250 in June to $125,000 and encompasses conventional, foreclosure and short sales in Hills­borough, Pasco and Pinellas counties, according to My Florida Regional Multiple Listing Service data.

From January to June, the median price rose 18 percent from $109,155 to $129,250.

Sale figures do not include Hernando and Citrus counties because Realtors in the two counties report data to another MLS board.

Total sales also fell from 2,572 in June to 2,324 in July, a 9.6 percent decline. The July sales represent a 29 percent increase from July 2010.

After sales peaked in the spring, real estate agents had hoped for increased sales through the summer. Andrew Duncan of Keller Williams Realty in South Tampa said a one-month decline doesn't mean the housing market is tanking.

"It's a little concerning," he said.

Further analysis shows the median price of just conventional home sales also declined 5.7 percent — $170,000 to $160,250 — from June to July in the three counties. In July 2010, the median price of a conventional sale was $180,000.

Foreclosure sales are no longer driving the market like earlier this year. They peaked at 975 sales in March but plummeted to 562 in July, a 42 percent drop. The median price of a foreclosure also fell from $75,000 in June to $70,600 in July.

The drop in foreclosure sales is attributable to lenders putting fewer bank-owned homes on the market and foreclosure cases stalled in courts over fraudulent paperwork issues.

Mark Puente can be reached at or (727) 893-8459. Twitter: @markapuente.

July sales

Highest sale: $3.8 million.

ZIP code with most July sales: 33647 Northeast Hillsborough County (69 sales with a median price of $279,995).

Homes sold with water frontage: 242.

Tampa Bay home prices tick down in July 08/10/11 [Last modified: Thursday, August 11, 2011 7:00am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. In advertising, marketing diversity needs a boost in Tampa Bay, nationally


    TAMPA — Trimeka Benjamin was focused on a career in broadcast journalism when she entered Bethune-Cookman University.

    From left, Swim Digital marketing owner Trimeka Benjamin discusses the broad lack of diversity in advertising and marketing with 22 Squared copywriter Luke Sokolewicz, University of Tampa advertising/PR professor Jennifer Whelihan, Rumbo creative director George Zwierko and Nancy Vaughn of the White Book Agency. The group recently met at The Bunker in Ybor City.
  2. Tampa Club president seeks assessment fee from members


    TAMPA — The president of the Tampa Club said he asked members last month to pay an additional assessment fee to provide "additional revenue." However, Ron Licata said Friday that the downtown business group is not in a dire financial situation.

    Ron Licata, president of the Tampa Club in downtown Tampa. [Tampa Club]
  3. Under Republican health care bill, Florida must make up $7.5 billion


    If a Senate bill called the Better Care Reconciliation Act of 2017 becomes law, Florida's government would need to make up about $7.5 billion to maintain its current health care system. The bill, which is one of the Republican Party's long-promised answers to the Affordable Care Act imposes a cap on funding per enrollee …

    Florida would need to cover $7.5 billion to keep its health care program under the Republican-proposed Better Care Reconciliation Act of 2017.  [Times file photo]
  4. Amid U.S. real estate buying binge by foreign investors, Florida remains first choice

    Real Estate

    Foreign investment in U.S. residential real estate recently skyrocketed to a new high with nearly half of all foreign sales happening in Florida, California and Texas.

    A National Association of Realtors annual survey found record volume and activity by foreign buyers of U.S. real estate. Florida had the highest foreign investment activity, followed by California and Texas. [National Association of Realtors]
  5. Trigaux: Tampa Bay health care leaders wary of getting too far ahead in disruptive times


    Are attempts to repeal Obamacare dead for the foreseeable future? Might the Affordable Care Act (ACA), now in dire limbo, be revived? Will Medicaid coverage for the most in need be gutted? Can Republicans now in charge of the White House, Senate and House ever agree to deliver a substitute health care plan that people …

    Natalia Ricabal of Lutz, 12 years old, joined other pediatric cancer patients in Washington in July to urge Congress to protect Medicaid coverage that helped patients like Ricabal fight cancer. She was diagnosed with Ewing's sarcoma in 2013 and has undergone extensive treatments at BayCare's St. Joseph's Children's Hospital in Tampa. [Courtesy of BayCare]