Compared with 2019 figures, the Plant City area’s real estate market picked up in July.
Last month, 97 properties sold with an average sale price of $250,052 and $134.76 per square foot. There was a 14 percent increase from last month in units sold. Compared to last July, that represents a 13 percent increase in average sale price per square foot (vs. $119.29 per square foot in 2019) and a slight increase in the number of properties sold (vs. 93 in 2019).
Mitchell Crawford, of the Crawford Group, said that while the market is strengthening, buyers are facing limited property choices and the current property inventory is at less than one month’s supply.
“The ‘tank,’ as you might say is almost empty, (inventory supply) without an infusion to the supply,” Crawford said. “This market may become stale, slowed down or recede. A stable inventory level should be in the range of two to three months’ supply. This is what our community needs.”
JULY 2020 SALES SNAPSHOT
The following properties were a sample listed as sold on the Greater Tampa Realtors Association MLS in July 2020.
The home at 1011 N. Nancy Terrace sold July 8 for $154,500. Built in 1960, it has three bedrooms, one bath and 988 square feet of living area.
The home at 2709 Wilder Trace sold July 9 for $204,000. Built in 2000, it has three bedrooms, two baths and 1,384 square feet of living area.
The home at 911 Ashentree Drive sold July 29 for $235,000. Built in 2018, it has five bedrooms, three baths and 2,540 square feet of living area.
The home at 503 McLendon St. sold July 31 for $237,500. Built in 1984, it has three bedrooms, two baths and 1,752 square feet of living area.
The home at 3213 Stevenson St. sold July 30 for $295,000. Built in 1991, it has four bedrooms, two baths and 2,101 square feet of living area.
The home at 3055 Sutton Woods Drive sold July 23 for $375,000. Built in 1998, it has four bedrooms, three baths and 3,024 square feet of living area.
The home at 2915 Hampton Place Court sold July 24 for $385,000. Built in 2001, it has four bedrooms, three baths and 2,919 square feet of living area.
The home at 3324 Brians Pond Drive sold July 1 for $664,000. Built in 2004, it has four bedrooms, three baths and 3,978 square feet of living area.
The home at 2224 Davies Country Trail sold July 17 for $495,000. Built in 2003, it has three bedrooms, two baths and 3,220 square feet of living area.
The home at 2326 Tanbark Ridge sold July 31 for $180,000. Built in 2008, it has three bedrooms, two baths and 1,594 square feet of living area.
The home at 1008 N. Pennsylvania Ave. sold July 20 for $191,900. Built in 1995, it has three bedrooms, two baths and 1,309 square feet of living area.
The home at 1459 Walden Oaks Place sold July 10 for $215,000. Built in 1988, it has three bedrooms, two baths and 1,487 square feet of living area.
The home at 2806 Lampp Road sold July 1 for $225,000. Built in 2000, it has five bedrooms, three baths and 2,114 square feet of living area.
The home at 1507 Teakwood Drive sold July 31 for $241,000. Built in 1979, it has three bedrooms, two baths and 2,018 square feet of living area.
The home at 1308 Williams Road sold July 17 for $330,000. Built in 1996, it has three bedrooms, two baths and 2,361 square feet of living area.
TOP BUILDING PERMITS
These are the largest building permits issued in Plant City for the month of July 2020, in order of dollar amounts.
1911 S. Wiggins Road — Occupancy — $22,399,200
302 S. Maryland Ave. — Occupancy — $4,940,000
2001 N. Park Road — Amusement/social/recreation — $1,722,000
2400 James L. Redman Pkwy. — Occupancy — $275,000
1655 S. County Line Road — Industrial building — $267,000
715 Tillman Place — Industrial building — $260,000
1655 S. County Line Road — Electrical — $254,845
2851 Thonotosassa Road — Electrical — $253,000
3007 Central Drive — Commercial alteration — $235,526
2051 Walden Woods Drive — Plumbing — $224,000
1804 Johnson Pointe Drive — Single family detached — $156,300
1722 Johnson Pointe Drive — Single family detached — $156,300
3008 Bridgeman Court — Electrical — $156,300
3775 Fancy Farms Road — Mechanical/HVAC — $150,000
1806 Johnson Pointe Drive — Single family detached — $109,000
1802 Johnson Pointe Drive — Single family detached — $109,000
1724 Johnson Pointe Drive — Single family detached — $109,000
3006 Bridgeman Court — Single family detached — $109,000
3006 Bridgeman Court — Electrical — $109,000
1726 Johnson Pointe Drive — Single family detached — $101,000