Hillsborough County home prices down 30 percent
Foreclosure sales continue to stomp home prices in Hillsborough County. The Greater Tampa Association of Realtors reports an average sales price in December of $186,297. That's 30 percent below the $267,117 average price in December 2007.
During that same December-to-December period, sales rose 10 percent. GTAR reported 1,207 sales last month versus 1,009 in December 2007.
GTAR said 336 of those December sales - 28 percent - were "all cash" deals. That suggests a large presence of investors plunking down dollars for foreclosure bargains.
December prices were up about $4,000 over those in November 2008, though I don't consider that statistically significant.
Two files of statistics for your viewing (dis)pleasure: Download gtardec08.pdf and Download gtardectwo.pdf
GTAR combines sales of all housing types - both single family and condo - and includes some transactions from east-central Pasco County.
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Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
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