Wednesday, October 06, 2010

2010 average home prices in New Tampa by community

An analysis of year to date sold prices for single family homes reported sold in our multiple listing system shows the following YTD average home prices by New Tampa neighborhood*:

Much has been reported on the volume of Short Sales and REO/Bank owned home sales and frequently I hear people say the only homes that sell are short sales and foreclosures.  Not true!  Overall the distressed (Short Sales/Pre-foreclosures and REO's) single family home sales (YTD) reported in MLS for the above New Tampa communities is 32%.  Individual communities however showed a very wide range of distressed sales, with one of the above neighborhoods showing no distressed sales (year to date) and another with a whopping 68% of all reported single family home sales as distressed. Ouch!

There are over 300 single family homes for sale in New Tampa ranging from $100,000 to several million dollars.

*Information deemed reliable but not guaranteed 

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