Zillow: Tampa Bay home prices down 2.2 percent
Tampa Bay home prices fell 2.2 percent between the 2nd quarter of 2009 and the 3rd quarter of 2009, according to Zillow.com.
As of September 30, home values stood at $126,600 in the region, Zillow said. Realtors published a median home price of about $137,000 in September, but remember that Zillow counts the sale of condos and other lower-priced homes.
Which neighborhoods rose and fell in price the most? Let's say only a handful saw price appreciation, but they were mostly clustered in north Hillsborough County: Cheval, Lutz, Odessa and Keystone. What they have in common is larger, semi-rural lots within easy commuting distance of Tampa.
Port Richey also rose in price from June 30 to Sept. 30, but I'm not sure if waterfront homes accounted for the rise.
The most depreciated neighborhoods were in places like Brooksville, Spring HIll, Dade City and Ruskin. These are on the northern and southern extremities of suburbia.
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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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