Six year slide: Tampa Bay area home prices revisit 2003
Tampa Bay area home prices took one of the largest one-month tumbles in history, falling 16 percent from December to January in a flurry of foreclosure sales.
The typical home sold for $122,400 last month in the Tampa Bay area, a return to prices not seen since mid-2003.
Bargain-priced rooftops did help drive up sales in January. Sales climbed 17 percent for the year, from 1,342 in January 2008 to 1,573 in January 2009, according to the Florida Association of Realtors.
The low-prices-equals-brisker-sales phenomenon is even more pronounced in Cape Coral-Fort Myers. Sales more than doubled in January. But it came at the cost of a 59 percent collapse in prices in the January-to-January period.
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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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