Cory Lake Isles is a prestigious master planned community that competes with Tampa Palms, Arbor Greene, Hunter’s Green, and Grand Hampton for New Tampa home buyers. After years of dynamic appreciation and investor speculation, prices have declined to the point where buyers are now finding some great values in this lush, tropical neighborhood that features Tampa’s largest ski lake.
Currently there are 44 homes in Cory Lake Isles that have been for sale for an average of 170 days. The average listing has 4 bedrooms, 3 bathrooms, 3559 square feet, and an asking price of $591,632. Of these 44 Active Listings, 19 are short sales, 1 is a corporate relo, 1 is a bank owned foreclosure, and 25 are traditional homeowner sales. The average price per square foot of Active Listings is $150.
There are 18 homes under contract at the moment, with 17 of 18 being listed for under 430K and one having an list price of $1,100,000. Of the 18 homes under contract, 12 are short sales, 1 is a bank owned foreclosure, and 5 are traditional homeowner sales. While we do not know the final sale price yet, the average asking price per square foot of the homes under contract is $100.
As of 8/30/2009, 38 homes have sold/closed this year in Cory lake Isles. A deeper look at these transactions reveals that 82% of homes closed this year have been Bank Owned foreclosures or short sales, while only 18% were traditional homeowner sales. The average home (4 BR, 3 BA, 3309 sqft) sold for $355,945, which represented 95% of the final asking price and $104 per square foot.
For strategies to find the right home at the right price, contact Team Bohannon today. If you are looking to sell your home in Cory Lake Isles, contact the team that has sold over 150 homes in Cory Lake Isles for a plan to maximize your bottom line – Team Bohannon at (813) 979-4963.
