In almost any market, even in strong seller’s markets, there will always be some amount of properties that will decrease their listing price. These might include sellers that drastically overpriced their homes just “to see what they could get” or homes that simply entered the real estate market at a price level above what the market will bear.
ILHM Luxury Real Estate Analysis Tampa
Even in strong seller’s markets, the Percent Price Decreased will be 10-12%, so some repricing of individual properties is typical in any market. In weaker markets, this value begins rise into the teens, 20%, 30%, and higher. Percent Price Decreased is an incredibly insightful gauge of demand levels in the residential housing market.
This statistic illustrates just how many listed properties could possibly be behind the “price curve” – listed at a cost above what the market is willing to pay for similar properties.
However, “Percent Price Decreased” alone does not indicate the overall health of a particular market. This statistic should be combined with other market stats to discover the overall direction of a market.
The definition of this market stat is:
“Percentage of homes in the marketplace that have decreased their asking price at least one time within the last 90-day period.”
Whether you are buying high end real estate you should have a REALTOR(R) who understands and is well versed in handling the transaction for you. Nick & Cindy Davis are both certified to handle your sale or purchases. We are always just a call to 813-300-7116 or click here away.
The charts below show the 7-day and 90-day rolling averages for list price, days on market, and inventory for the metro area’s luxury market (e.g. top 10 zips with median prices above $500k)
Here are the newest luxury homes available for you to purchase in Tampa.
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Lot Size9,584 sqft
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Home Size5,295 sqft
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Beds5 Beds
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Baths6 Baths
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Year Built2008
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Days on Market1
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Lot Size6,099 sqft
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Home Size2,902 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2021
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Days on Market1
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Lot Size7,841 sqft
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Home Size2,418 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1995
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Days on Market1
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Lot Size1.63 ac
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Home Size
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Beds
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Baths
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Year Built0
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Days on Market1
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Lot Size15,246 sqft
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Home Size3,912 sqft
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Beds6 Beds
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Baths4 Baths
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Year Built2007
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Days on Market1
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Lot Size6,534 sqft
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Home Size2,273 sqft
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Beds6 Beds
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Baths3 Baths
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Year Built1962
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Days on Market1
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Lot Size8,277 sqft
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Home Size2,617 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2004
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Days on Market1
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Lot Size4,792 sqft
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Home Size2,856 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built2022
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Days on Market1
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See all Real estate matching your search.
(all data current as of
5/3/2024)
Listing information deemed reliable but not guaranteed. Read full disclaimer.