The Real Estate Market in Tampa

The Real Estate Market in Tampa

The Real Estate Market in Tampa

An independent study has revealed that the city of Tampa ranked 74th in terms of economic growth in the 2009-2010 period. Researchers concluded their decision after a study of the economies of over 150 cities worldwide, after the recession. This is a sharp improvement from its previous ranking of 120, in the 2007 to 2010 periods.

November 2010, saw 2,225 homes being sold in the Tampa bay area. The median price quoted was around $115,000. The trend throughout the country is for buyers to wait and watch until they get a good deal. But with respect to the Tampa Bay area, buyers with this attitude are sure to miss out on the great advantage offered by sellers. The sellers here in Tampa Bay are holding out to get a fair market value. The general attitude that a property for sale is sure to be sold at a huge discount does not hold true to a very large extent in the Tampa Bay area. In the month of September alone, while 52% of sales were distressed sales, a remarkable 48% of homes were sold by regular sellers. The Hillsborough area is a fair point in example. According to the Greater Tampa Association of Realtors, around 1400 homes were sold in the month of March, with the average sale price going up from $160,145 to $165, 071and a total sale of $235.3 million in Hillsborough alone. Besides, Hillsborough, St. Petersburg, Clearwater metro area too saw a good jump in sales. For those looking for Tampa luxury homes, the Westshore Yacht club is one of the best choices. This area is laden with upscale resort style waterfront communities with amenities that are top notch. The community is a self sufficient in itself, with everything right from a spa, fitness center, yoga aerobics room, restaurants and a host of other amenities. The place is ideal for those looking for Tampa luxury homes.

People looking for low priced houses in Tampa should also consider the price of the property after an inventory is done. Although low prices do look attractive, buying a home that has a highly rates school or a neighborhood with a consistent rate should be given utmost priority.

But before you decide to buy a house in Tampa, its important to find the right real estate agent who can help you find the best Tampa home prices and can offer the best Tampa home values. Without the help of an experienced and professional real estate agent it's difficult to find details about the area where you've decided to invest your money. These agents are also the best resources to help you out with the Tampa new homes market.

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