The median condo/townhome price in New Tampa (33647) this week is $105,000. The average New Tampa condo or townhome is on the market for 257 days and sells for $107 per square foot. Inventory is tightening and days on-market is falling. Demand heating up. These are tentatively bullish signs for prices.
- New Tampa Condo and Townhomes
Prices in the 33647 zip code have been on a downward trend for 3 years. This week, while essentially flat, does not break us out of the cycle. We are seeing declines in values approaching 70% in some complexes. In looking at the supply and demand for New Tampa (33647) units, market conditions are strongly in the Buyer’s Market territory. With several months of inventory available at the current sales rate, buyers have ample choice. There are 63 units available that are not short sales which could close in time to take advantage of the first time home buyer’s tax credit. Contact Team Bohannon at Coldwell Banker today for additional info (813) 979-4963.
