October market statistics released today show continued strengthening
in sales activity with prices now starting to follow suit. Sales volume was up
21.5% over the same period last year while new pending sales were also up over
13% in the same period. Average and median price were up 6.6% and 7% on the
year respectively for single family. Townhomes and condos showed massive gains of 15% and 17% on the median and average price. . The October figures
continue the trend that we noted in September where there was a sharp increase
in sales.
October 2014 Sales Report Single Family - Florida Realtors
October 2014 Sales Report - Townhome and Condo - Florida Realtors
October 2014 Sales Report - Townhome and Condo - Florida Realtors
The historical bar graphs on the report lend further relevance: After being
one of the hardest hit markets in the U.S. Tampa saw double digit price increases
in 2013. For the most part 2014 saw marginal gains in sales and prices over the record pace of the year before. One trend that did
emerge was sharply lower cash sales as a more “normalized” market took over
from one dominated by investors.
In September of 2014 however we noted a sharp increase in
sales while prices remained flat. October brings a
massive increase in sales volume and prices also starting to move higher. We will see if this trend continues to form a true “second wind”.
Bay To Gulf Holdings is a seller of wholesale or Florida Investment Real Estate. We buy dilapidated, distressed houses, condos and multi-family properties at auctions, tax sales and from owners who need to sell their property quickly. We then prep the properties for rehab and make them available at wholesale prices.Look through our available properties to find the investment that’s best for you.
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