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Market Conditions in Temple Terrace : Real Estate Advice

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Activity 1
Mon Jan 5, 2009
Rick Frissell answered:
That is a great question!

That information is not available at the click of the button, but I have done a quick analysis for you.

I have taken the last quarter of each years sales and averaged the sales price per square foot. Based on the simple and quick data search we find the following:

Q4 2008 3 sales at $81.42 per square foot

Q4 2007 4 sales at $102.32 per square foot

Q4 2006 2 sales at $119.07 per square foot

Q4 2005 6 sales at $121.80 per square foot

Now here is the interesting number:

Q4 2004 11 sales @ $81.75 per square foot.

In essence, one could buy a condo today in Temple Terrace at the same price as 2004.

It is important to understand that this is a general "trend" analysis. It does not take into account amenities, location or age of the building. But, it does give us our trend indicators.

I have taken a look at current listings available in Temple Terrace and the closest I have to the average recently sold price is listing T2335304. You can pull that listing up yourself at our web site www.brandondwellings.com or at Realtor.com at www.realtor.com.

Probably the "best" buy in Temple Terrace right now as far a a condo goes would be a foreclosed 1100 square feet, 2 bedroom, 2 bath unit listed for $75 a square foot. There is an older unit in a not gated community that is also bank owned with 1300 plus square feet for $66 a square foot.

I hope this is helpful to you in your research.

Rick Frissell
813 340 6828
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