Despite Tampa home sales cooling off a bit in April, the market overall has been trending upward in 2017, making it a great time to buy or sell a home. On the seller’s side of things, spring and early summer tend to be the hottest times to list a property, mainly because that’s usually when potential buyers are out in full force and looking to make a move before summer vacations and changes to your daily, weekly, and monthly schedule inevitably ensue.
For anyone looking to buy a home or condo in the Tampa area, now is also a great time to begin a house hunt if you’re hoping to take full advantage of a slightly higher inventory than what’s typically seen during other times of the year; although housing supply in our market and many others around the country is undoubtedly one of the challenges active home buyers are facing right now. Even still, home prices in Tampa are expected to climb throughout the remainder of 2017 and mortgage rates could quite possibly do the same, so waiting to buy might end up costing you more money in the long run.
Recent market statistics have the average sales price in Tampa listed at $275,842, which means that figure could very well be a bit higher in some of the city’s more sought-after neighborhoods. In South Tampa, for example, plenty of great deals can be found for both homes and condo residences right now, especially if you’re able to kick your budget up to around $300,000.
As you’ll see below, a number of bungalows, cottages, and small ranch-style homes present buyers with plenty of opportunities in the $250,000 to $300,000 range, or if you’re looking for a condo, you might even find something a bit more updated with some pretty awesome lifestyle amenities to match. But because inventory is tight, especially in the entry-to-mid-level price ranges, you might want to act fast if you’re looking to buy during what’s usually one of the busiest times of the year for the housing market.
Posted by Mike & Michelle Grizzell on