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Downtown Tampa Condo Prices—1/1 Market Conditions Report
May 6th, 2008 categories: Tampa Condos, New Projects (Condos), Channelside Market Updates, Downtown Tampa
If you happen to be looking for a 1/1 condo in the downtown Tampa area, guess what? You’ve got 89 from which to choose. And there have been 23 sales of the same year to date, the majority at Skypoint (13). Island Place, on Harbour Island, comes in a distant second with 4 sales year-to-date. So how are prices for downtown Tampa condos? Those 89 condos, as you can see in the adjacent chart, are priced widely between $159k and $472.5k. But the median price, the split where there are an equal number of higher and lower priced units, is right at $260k. Examples of units priced around the median?:
- 21st floor of Skypoint (north side of bldg)
- 3rd floor at Victory Lofts (Channel District), but this one is 1241sqft
- 25th floor of Skypoint, 664sqft on the south side (with the views)
On the low end is an 820sqft unit at Grand Central on Kennedy at $159k, but this is a short sale listing (phantom list price) so time will only tell if this price would be approved. But you can get a unit at The Place at Channelside for $159.9k. And on the high end of the pricing spectrum are 3 units at Grand Central at Kennedy. Priced in the mid $400s, these 1127sqft units are in the west building, with the floor to ceiling glass walls providing views of downtown and southward.
As for what’s sold in 2008, The chart shows that the median sale price is around $200k, or about $60k lower than the median list price currently. There have only been 4 sales of 1/1s YTD of over $250k. Of the 89 1/1s for sale, 52 of them are priced at or above $250k. So it’s clear to see that the current demand is at the lower end.
Data used is from the Mid-Florida Regional MLS and does not include private, non-brokered sales or condos for sale.
One Response to “Downtown Tampa Condo Prices—1/1 Market Conditions Report”
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Lenny,
You refer to, Grand Central, Channelside. Can you let me know - price wise - per The Slade. Is it in holding pattern or moving space presently and what of Channelside, is it going to be an incomplete neighbourhood for a while?
Your factual, non nonsense updates are great at this distance (Ireland’s green isle) and I’m still hoping to catch your brother’s cooking at Christina’s (?) on LI - is he still there?
slan agus beannacht, cc
(goodbye and bless you)