Cheap condos are disappearing
When ever I used to search for condos under $30k, a dozen per complex would turn up. Now I might find 3 active condos per complex. I have a few for sale on my website at www.tampahomesbestbuys.com
When ever I used to search for condos under $30k, a dozen per complex would turn up. Now I might find 3 active condos per complex. I have a few for sale on my website at www.tampahomesbestbuys.com
But prices are still falling. The tax incentive once again pushed real estate sales in our area. Some homes saw multiple bids on them as first time home buyers competed for the best deals at the end of the tax time frame. Overall prices are still falling a little, about 1%. Other areas of the country are actually showing increases in value. To get the latest value of your home, go to www.tampahomesvalues.com
You now have time to finish up a short sale purchase. I have dozens available for you to choose from. Pres. Obama extended it until April 30th.
Tampa’s latest home pricing reports show inventory dropped way down, so now we have 8 months in a row of reduced inventory and for the 1st time since August of 2006 we are in single digit number of months of inventory (8.76 months).   This means that homes priced fairly will sell in a fairly short amount of time. Also, June was the 2nd month in a row of increased average list and sales price (jumping over $10,000 from May).    Soon appraisers will not have to calculate  negative “Timing Adjustments”  because when the inventory is going down and the prices are going up, we are Not Declining any more!!!! �| S | M | T | W | T | F | S |
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