Local March 2020 sales and trend information courtesy of The Crawford Group. Permit information was obtained from the City of Plant City.
Plant City-area real estate sales took a big dip compared to March 2019, but sale prices also picked up quite a bit.
Last month, 66 single-family homes sold with an average sale price of $244,902 and a median of $228,950. Compared to last March, that represents a 20 percent decrease in sales (vs. 82 homes sold in 2019) but also a 14 percent increase in average sale price (vs. $214,049 in 2019) and a 16 percent increase in median (vs. $196,750 in 2019).
Homes in March 2020 sold for an average price of $139 per square foot (versus $121 per square foot in March 2019). The highest home sale price for March 2020 was $710,000 for the home at 5625 Stafford Road.
Eleven parcels of vacant land were sold last month, almost twice as many as in March 2019 (six).
“Some sellers are considering waiting for a better time to sell, but the data says otherwise,” Mitchell Crawford, of the Crawford Group, said. “Although the units sold were down in March, we had about 20 percent cash buyers, a 100 percent increase over March 2019 figures. The average and median prices are increasing. Yes, we have concerns about who may qualify for the loans due to the uncertainly of the job market but, if you’re a qualified buyer, waiting may cause you to pay a higher price.”
TOP BUILDING PERMITS
These are the largest building permits issued in Plant City for the month of March 2020, in order of dollar amounts.
3304 Sydney Road — Commercial addition— $8,000,000
2051 Walden Woods Drive — 5+ family buildings — $6,500,000
4702 Sydney Road — Offices/banks/professional — $4,137,983
1911 S. Wiggins Road — Accessory structure — $1,332,412
2709 Thonotosassa Road — Electrical — $1,225,000
2262 Pixie Way — Electrical — $1,000,000
2511 James L. Redman Parkway — Stores/customer service — $870,136
2530 Frontage Park Place — Industrial metal building — $780,000
3304 Sydney Road — Mechanical/HVAC — $716,000
3304 Sydney Road — Electrical — $566,749
2709 Thonotosassa Road — Plumbing — $525,000
2031 N. Wheeler St. — Occupancy — $394,869
3304 Sydney Road — Plumbing — $365,900
3775 Fancy Farms Road — Plumbing — $350,000
4181 Rice Road — Occupancy — $308,000
4702 Sydney Road — Electrical — $284,133
3304 Sydney Road — Mech. change-out — $281,326
2400 James L. Redman Parkway — Industrial metal building — $275,000
401 S. Frontage Road — Plumbing — $220,000
2050 N. Shannon Ave. — Plumbing — $215,000
