In January 2012, 41 homes were sold in Lutz with a median price of $127,500. This compares with 35 homes sold during the same period last year which translates into a 17% increase in the number of homes closed and a 3% decrease in the median price (from $132,000 to $127,500). At the end of the month there were 295 homes for sale in the area; 14% of the available homes sold in the last month - this translates into an inventory of 7 months. There has been a 34% decrease in the number of homes available for sale from January 2011 to January 2012 (from 447 to 295).
Lutz is located in the North of Hillsborough County and South Pasco between New Tampa, Land O'Lakes and Odessa. Lutz is home to planned developments such as Cheval, Heritage Harbor, Villarosa, Calusa Trace, Reflections, Wellington Manor and The Sanctuary on Livingston as well as several semi-rural communities with older homes on large lots. Lutz is just South of Land O'Lakes and with direct access to Dale Mabry and Veterans Expressway.
In January 2012, 2,569 homes were sold in the Tampa Bay area with a median price of $103,000. This compares with 2,330 homes sold during the same period last year which translates into a 10% increase in the number of homes closed and a 18% increase in the median price (from $87,000 to $103,000). At the end of the month there were 17,857 homes for sale in the area; 14% of the available homes sold in the last month - this translates into an inventory of 7 months. There has been a 36% decrease in the number of homes available for sale from January 2011 to January 2012 (from 27,698 to 17,857).
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