Not all Florida Real Estate news is bleak...the Greater Tampa Association of Realtors has reported that average sale prices are up from January 2011 to April 2011 (from $134.4k to $150.3k.) This number alone is good news for the recovery of our Bay Area Market, but combine that with inventory levels at the 2nd lowest total for the past 4 years, and it should give sellers a small pause for a breath of relief.
As Tampa Area Schools wind down their 2010/2011 sessions, sellers should be excited about the prospect of moving their homes in a market that could provide the strongest selling conditions we have seen in a couple of years. In fact, one of my non-short sale, market priced listings recently received a successful sales contract, one written back-up offer, and two verbal "keep us informed" requests. While this information may not make your heart skip a beat, it is far better than some of the bad news we, as Realtors, have had to deliver to sellers regarding market conditions, and runaway downward pressure on values in the past couple of years.
For information regarding the Tampa Real EstateMarket, click on any of the hyperlinks to view my website and gain access to the full MFR/GTAR reports.
