Single family home sales for New Tampa (Zip code 33647) reported in our local MLS showed that "normal" sales (Not distressed) averaged 68% of the total sales for 2011. Short Sales & REO/Foreclosures each made up 16% for a total distressed sales of 32% for 2011. It should also be noted that normal sales showed higher monthly sales %'s in the second half of the year as reflected in the chart below:
In 2011 New Tampa had a significantly lower percentage of reported distressed sales of 32%, compared to the rest of Tampa. 52% of all reported single family home sales in Tampa (excluding New Tampa) for 2011 were "distressed" sales; 32% were REO's/Foreclosures; and 20% were Short Sales/Pre-foreclosures. *
Currently, 69% of the single family homes listed for sale in New Tampa are "normal sales", and 31% are distressed sales.
*Information reported in MLS deemed reliable but not guaranteed.