Davis Islands Market Minute January 2020
Watch our JANUARY 2020 real estate market snapshot for Davis Islands in Tampa, FL. Be in the Know!
DAVIS ISLANDS REAL ESTATE MARKET MINUTE
This month the real estate market on Davis Islands showed a solid pace with new homes coming to market in double digits. In particular there were 11 new homes coming to market while 8 existing homes went under contract. There were 3 homes closed with just 36 available for sale.
So let’s go to the details for January:
The lowest priced home currently for sale, came in at $525,000 while the highest priced at $5,995,000
The lowest priced home that sold, closed at $530,000 and the highest priced home sold at $4,250,000.
The Original List Price to Sales Price Ratio is 93.8% vs 91.5% in 2019 and finally
The Median Days on Market for active properties is 69
In summary: Homes going under contract continued the strong pace from last year. New homes coming to market increased solidly and inventory numbers continue to stay in the mid 30’s.