Has it come to a screeching halt like the west coast?
I understand that houses are sitting for sale months on end?
Anyone have any ideas when the tides will turn again?
What is the average price of a home in Tampa? Clearwater?
I want to retire to Clearwater in the next few years but the prices have always been kind of high, and I am from California, so my view of housing prices is a bit shaded.
What's up Florida?
2007-01-19 09:39:59 · 2 answers · asked by Liligirl 6 in Business & Finance ➔ Renting & Real Estate
Sales are slow & prices have leveled off & even dropped significantly in the hottest areas. Condos are so over built that I think they'll continue to drop to the point where there'll be a lot of foreclosures & some developer failures. It'll be a couple of years before the condo market recovers from a bath like that. Single family homes should not do nearly so bad.
2007-01-19 10:32:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The November statistics show 43% fewer sales compared with last year. The avg. price on the sales went up 3% - but I think that is just the fact that only the best homes are selling (IMHO). Average home price in Nov was $229,000. This is the average for the Bay area.
You can find other statistics on-line
http://www.tampaarearealtors.com
http://media.living.net/statistics/statisticsfull.htm
I'd certainly keep my eye this way. Things are slowing down, but I'm not sure they ever stop near the water...
Best of luck.
Joe...
2007-01-19 15:11:31 · answer #2 · answered by Joe K 3 · 0⤊ 0⤋