There was an article in the St. Pete Times Tampa Edition that showed all of the property values in Hillsborough Co. It showed that the prices in South Tampa (Kennedy to Gandy) rose about 25% form 2006 to 2007 with median home prices at roughly $500K, south of Gandy went down .1% and the median home price was $217K. I still have that article if you are interested in seeing it.
If you have any further questions please let me know. email@example.com or 813-240-4022
My advice is simple. Look and research, find a REALTOR whom you trust and can honestly say understands the market and trends. Then find the right home.
If you would like a link or two to market trends in your area, email me and I will provide them. These are unbiased numbers and one must remember that SOUTH TAMPA is a whole different ballgame. While numbers were creeping up (15% / annum) in other parts of the county, there were jumping up (28% / annum) in South Tampa.
Good Luck and I hope you find your dream.
Gary De Pury
Bay Vista Realty
Director, Florida Association of REALTORSÂ®
Chairman, Communications Committee
Like with most any place it Tampa, the prices have dropped at least 10-15% depending on WHEN you start counting. I think that area that you are a talking about near MAcDill AFB and Interbay Port Tampa area is of the areas that will go up the quickest once the market rebounds.
It's like the stock market, if you want to buy some stocks, just buy them while they are low. Its nearly impossible to find the absolute bottom because once we know that was the bottom, it's already gone! When the market shifted from a buyers market to a sellers market, it was almost over night. Within one month (Between December and January) there were siginfcant changes. Most people didn't even notice the change, the ones that did and SOLD not looking for the top, did well.... and the other ones, well the got caught with their pants down so to speak (looking for the peak).
That's my opinion. Living in FL my whole life I have seen a lot of areas change, Seminole Heights is experiencing that now, as well as a few other area. I think port Tampa is still a good area, but will improve signifcantly over the next 5 years or so.
Here is Picnic Island, nearby. http://www.realestateshows.com/174277
If I can answer anymore questions for you, just let me know.
I couldn't agree more, South Tampa is still the best side of town, quite a stable market even tough has depreciated a little, there's no much inventory compared to othe side of town; rather many people have been affected by foreclosure and financial distress, therefore making it more appetible for buyers.
I would suggest to define you goal and needs, i/e: family w/kids, investment, job-commute etc.
There're some nice new houses available, please check all MLS foreclosure in 3611 here: http://www.hothomespot.com/search_result.php?mode=foreclosur
I live myself in 33611, and be more than glad to send more properties if you would provide me with more details and an email. best regards.
Don't expect great reductions for Bayshore properties, unless they are "short sales" or REO. Upper tier properties typically do not lose as much value since many buyers are not reliant upon financing for the purchase.
If there is a particular property you are watching, or specific neighborhood, ask a Realtor to do a relevant market analysis. Looking at the historical data of the property gives you a window of insight as to what it may sell for.
Will the property be your primary residence or are you looking to invest? Depending on the answer I would recommend certain neighborhoods.
Feel free to search the MLS at http://www.PhilFowler.com