The State of Tampa -- August 2018

Median Sales Price
July's $240,000 median sales price for a single family home was about $15,000 higher than compared to July 2017. In July 2016, the median sales price was $200,500!

Unsustainable Rising?
"We haven’t seen those levels since 2008. "We don’t believe that’s sustainable at all over the long run." - Hillsborough County Administrator Mike Merrill when asked by TBO about rising property values.

Did you know?
Tampa was recently ranked as the 2nd best city in the US for first time homebuyers? St. Petersburg was not far behind coming in at 46th.

Did you know?
Since 2014, Tampa Bay has added 4 "million dollar zip codes" (defined as a zip code in which 10 percent of homes are worth 1M). Downtown St pete (33701) and Beach Park (33609) crossed that threshold this year.

Did you know?
Tampa homeowners are cashing in. The city ranked 12th in the US for gains on 2017 home sales. Tampa sellers saw a median gain of +26% compared to what they paid when originally purchasing their home.