Home » How’s the Real Estate Market in Westchase?

How’s the Real Estate Market in Westchase?

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Florida has always been a popular location for snowbirds, vacationers, and retirees, but a growing number of families are choosing to relocate to Westchase and the rest of the Tampa area. It is easy to see why the real estate for sale in Westchase is so popular. The beautiful beaches, moderate cost of living, and laid back lifestyle is appealing to families of all sizes and income levels. If you are interested in purchasing a home in Westchase or a nearby community, keep these statistics in mind when you begin your property search.

When compared to other cities, the cost of living in Tampa is actually quite reasonable. In fact, the median listing price for residential properties in Westchase is currently just over $380,000. This is slightly up from the previous year’s average of around $350,000.

Potential buyers will be happy to learn that many homes are selling for slightly under list price. At present, the median list price in Westchase is $369,000 while the median sale price $328,200. This is a good sign for families or young professionals looking to move into the Westchase market. Interestingly, the median price for home rentals in Westchase is higher than the Tampa average. This relatively affluent area is the perfect blend of family friendly communities and upscale neighborhoods.

The median list price per square foot is $178, but many homes will undergo a price cut before the final sale. This is good news for buyers but not a great sign for sellers. If you are looking to sell a home in Westchase, you will need to make sure that you present your home in the best possible light. Talk to an experienced real estate professional to learn how and when you should list your real estate for sale in Westchase. The team at Poppleton Properties has extensive experience assisting buyers and sellers in the Tampa area, so they are sure to be able to give you personalized advice that will help you make your decisions.

After a brief dip in late 2015, home prices in Westchase, FL have been holding steady. This is a good sign for those looking at the real estate for sale in Westchase. Unlike other cities, Tampa is not experiencing a housing bubble and there is unlikely to be a large market correction in the coming years. In fact, experts predict that property values will increase by 4% in the next year. This is slightly higher than the expected rate of inflation, which is good news for those holding on to properties in the area.

The real estate for sale in Westchase is predominately made up of single family homes and apartments. A typical Westchase home has a 2 or 3 car garage, 4 bedrooms, and 3 bathrooms. These moderately sized homes offer plenty of space for a growing family or a couple looking to spread out.

To learn more about the homes for sale in and around Westchase, contact Poppleton Properties at (813) 833-2520 or email brittany(at)townchase(dotted)com.