Local May 2021 sales and trend information courtesy of The Crawford Group
The month of May continued to have robust numbers in Plant City’s Real Estate. The area had 80 homes sold, 125 homes under contract and only 65 homes available to purchase. This month’s average selling price was $264,110 as compared to $240,672 one year ago. Over the past five months the average price sold is running around $277,000 which is an 12.9 percent increase over 2020’s yearly average of $244,979.
When we look at the average selling price per square foot, May 2021’s average was $154.56 per square foot, which was a 3.3 percent increase over the previous month of April and 18 percent higher than the same time period last year. We continue to have limited inventory, currently running about 22 days. A good stable inventory should be in the range of four to six months, so I don’t see the market
Let’s take a look at a different economic aspect of the past month’s transactions. The 80 homes sold generated more than $21 million in sales, which was distributed between buyers, sellers, mortgage lenders, title companies, real estate professionals, governmental agencies, inspection services, appraiser, etc. I would estimate a good portion of those funds stay and benefit the community, capitalism at its intended source.
Typically, June is the start of the heavy selling season in Florida Real Estate. Schools are out, employees are relocating to different areas and such. The obstacles faced in this year’s season will primarily be limited inventory and making sure that you have a seasoned real estate professional assisting you through the process.
May 2021 Sales Snapshot
The following properties were a sample listed as sold on the Greater Tampa Realtors Association MLS in May 2021.
The home at 1011 OAKLAND HEIGHTS AVE sold May 20 for $115,000. Built in 1961, it has 3 bedrooms, 1 bath and 1032 square feet of living area.
The home at 1217 W TERRACE DR sold May 27 for $149,900. Built in 1960, it has 2 bedrooms, 2 bath and 1394 square feet of living area.
The home at 1003 BARBOUR DR sold May 24 for $175,900. Built in 1961, it has 3 bedrooms, 1 bath and 1192 square feet of living area.
The home at 1703 E SPENCER ST sold May 14 for $180,000. Built in 1959 it has 2 bedrooms, 1 bath and 1146 square feet of living area.
The home at 101 CAPRI CT S sold May 11 for $195,000. Built in 1981, it has 2 bedrooms, 2 bath and 1329 square feet of living area.
The home at 409 SCARLET MAPLE CT sold May 21 for $215,000. Built in 2001, it has 3 bedrooms, 2 baths and 1131 square feet of living area.
The home at 518 LINDSAY ANNE CT sold May 4 for $232,000. Built in 2004, it has 3 bedrooms, 2 bath and 1315 square feet of living area.
The home at 4922 STEVE REEVES LN sold May 20 for $250,000. Built in 2003, it has 4 bedrooms, 2 baths and 2280 square feet of living area.
The home at 1107 N PARK RD sold May 13 for $260,000. Built in 1972, it has 3 bedrooms, 2 baths and 1722 square feet of living area.
The home at 2306 WALDEN PLACE N sold May 14 for $276,000. Built in 1985, it has 2 bedrooms, 2 baths and 1628 square feet of living area.
The home at 1204 ALAFIA BEND LN sold May 21 for $305,000. Built in 2006, it has 3 bedrooms, 2 baths and 1769 square feet of living area.
The home at 4206 WINDMILL RIDGE RD sold May 20 for $340,000. Built in 2006, it has 3 bedrooms, 2 baths and 1770 square feet of living area.
The home at 3003 VIA ROMA CT sold May 18 for $407,000. Built in 2010, it has 5 bedrooms, 3 baths and 2702 square feet of living area.
The home at 4719 CORK RD sold May 5 for $560,000. Built in 2001, it has 5 bedrooms, 3 baths and 2640 square feet of living area.
The home at 3213 POLO PL sold May 18 for $900,000. Built in 1990, it has 4 bedrooms, 3.5 baths and 5422 square feet of living area.
