• August 8, 2018

February 2016 Lutz Real Estate Statistics

February 2016 Lutz Real Estate Statistics

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The Lutz Real Estate Market Report for February 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Lutz, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.

Lutz real estate statistics

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the February 2016 real estate market numbers for Lutz:

 

February 2016 Lutz Real Estate Statistics

Status: Active (117)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $49,900 $54.24  
Max 5 6 5,541 $1,080,000 $814.48 30
Avg 3 3 2,363 $345,332 $142.69 13
Median 4 3 2,319 $289,900 $131.74 12
Status: Active with Contract (26)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 572 $74,900 $58.46 8
Max 4 10 2,964 $479,000 $305.94 273
Avg 3 3 1,893 $239,696 $129.83 87
Median 3 2 1,963 $214,950 $127.06 56
Status: Pending (55)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $34,900 $36.35 2
Max 6 4 3,738 $535,000 $167.97 266
Avg 3 2 1,947 $224,222 $111.89 57
Median 3 2 1,714 $189,900 $119.43 30
Status: Sold (59)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $48,900 $49.17 $44,500  
Max 6 6 5,158 $1,003,113 $194.48 $891,125 115
Avg 3 3 2,117 $262,096 $117.13 $253,502 39
Median 3 2 1,882 $227,000 $115.64 $206,000 33

 

The Lutz Real Estate Market is Strong

February is usually the slowest month for real estate sales in Lutz, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

These numbers cover all of the neighborhoods in the Lutz, FL zip codes of 33559, 33549, 33558 and 33548.  All information deemed reliable but not guaranteed.

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