Like the rest of Florida, many communities in New Tampa have been hit hard by distressed sales in 2011. (Distressed Sales = Short Sales/Pre-foreclosures and REO/Bank Owned/Foreclosures.) The above chart shows the % of total single family home sales reported in MLS that were distressed sales for YTD 2011 for each New Tampa community (as reported in our local MLS).
Short Sales and Foreclosures (REO's) currently make up about one third of all the single family homes listed for sale in New Tampa.
*Information deemed reliable but not guaranteed.