Westchase is largely self-contained and benefits from having a master-planned design. Carrollwood’s more mature and geographically larger.
But which community’s real estate market is faring better in this weakened economy?
According to Zillow.com, when it comes to pricing and sales value, Westchase is hands down the winner. The real estate website recently ran a comparison story that looked at several key market factors in both Greater Carrollwood and Westchase.
Zillow pointed out that Carrollwood area homes tend to be less expensive than Westchase, but they are seeing their values rise.
“During the last year, Greater Carrollwood home values have risen by 5.2%, while Westchase prices have fallen by 0.5%,” the website reported. “The median sale price in Greater Carrollwood is $131,400, but the median listing price was $150,000, a 12.4% discount. Meanwhile in Westchase, the median selling price is $237,600, and the starting price had a median of $255,000, a 6.8% discount.”
Zillow also pointed out that a number of homes are currently for sale in both communities and that more homes sold in Greater Carrollwood in May 2012 than Westchase.
Property values and sales prices aside, which community do you think is better for living? Let us know your choice in the comments section and tell us why you’d pick Westchase over Carrollwood, or vice versa.