In November of 2011, 2,790 homes were sold in the Tampa Bay area (Hillsborough, Pasco & Pinellas Counties) at an average sales price of $144,303 taking on average 111 days to sell.
We are seeing the market starting to stabilize, and with the recent upward price trend, many buyers and investors are in a frenzy snatching any good deal they can get their hands on. We are also seeing multiple offers on properties for sale... something we haven't seen in a long time!
Word on the street is that we are either at the bottom of the market or very close to it!! Home inventory has shrunk to it's lowest level in years!
Buyers, this great opportunity will not last forever!! 1st time buyers, home buyers who haven't owned a home in the last 3 years and homeowners who have been in their home for a least 5 years, be sure to take advantage of the $8,000/$6,500 tax credit from the government that you can get back right away as long as you go under contract before April 30th and close before June 30th.
Approximate Location Boundaries: Tampa Bay is bounded by Manatee County on the south, Pinellas County on the west, and Hillsborough County to the north and east.
Location Characteristics: Tampa Bay is a large natural harbor and estuary along the Gulf of Mexico on the western coast of Florida, made up of Old Tampa Bay, Hillsborough Bay, McKay Bay, and New Tampa Bay. Three prominent cities are located along the shores of the bay, Tampa, St. Petersburg, and Clearwater. Tampa Bay is home to the following professional sports teams: Buccaneers (NFL), Devil Rays (MLB), Lighting (NHL), and Storm (AFL). These teams help pump money into the Tampa Bay area which in turn help keep the economy going strong!
About Michael Valdes (800) 975-7205:
Born and raised in Tampa Bay, native Floridian Michael Valdes is one of the few Realtors that is also a licensed Mortgage Broker. With an extensive background in Lending and Finance, Michael uses that knowledge to help educate his clients and boost them above the competition. His Realtor "e-Pro" designation is proof that Michael is one of the premier internet savy Realtors around, which is a must in this new technology driven market where 80% of buyers are beginning their search online. Michael is also the founder of the FlaPropertyFinder team at Keller Williams Realty famous for the www.FlaPropertyFinder.com website which brings people and real estate together from all over the world. Contact Michael today at (800) 975-7205
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
