Today's paper | eEdition | Subscribe
The Truth-O-Meter
Latest print edition
St. Petersburg Times
Business: Real Estate
Special report
  • Testing Grounds
    The latest industry being outsourced to India is clinical drug trials. And any number of tragic things can happen on the way to your medicine cabinet.
  • More special reports
Video report
  • Friday Night Rewind
    It doesn't matter which team you cheer for. We've got video previews of every high school football program in Hillsborough, Pinellas, Pasco and Hernando County.
  • More video reports
Multimedia report
Fill out this form to email this article to a friend
Your name Your email
Recipient email
You may enter up to 20 multiple email addresses, separated by commas.
Your message
Validation Code
Hear
validation
code
  Enter validation code

Third of Tampa Bay area homes sold at loss last year

By Times Staff Writer
Posted: Nov 11, 2008 08:52 PM


Social Bookmarking
Digg Facebook Stumbleupon
Reddit Del.icio.us Newsvine
ADVERTISEMENT
Loading Video...
Loading...

About 28 percent of homes in the Tampa Bay area sold at a loss the past year. And guess what? That's not too shabby.

According to Zillow.com, which keeps tabs on real estate in 163 markets, 30.2 percent of homes nationally sold for less than what the owner paid.

While some markets like Los Angeles (48 percent) and Las Vegas (65 percent) represented a disproportionate percentage of homes sold at a loss, even places like Washington, D.C., (38 percent) and Detroit (53 percent) came off worse than the Tampa Bay area.

The problem was less pronounced in places like Dallas (11 percent), Austin, Texas, (6 percent) and Little Rock, Ark. (15 percent).

Zillow said local home values dropped 16.6 percent in the year ending Sept. 30 to settle at $158,054.



[Last modified: Nov 12, 2008 10:10 AM]



Subscribe to the Times
Click here for daily delivery
of the St. Petersburg Times.

Email Newsletters

ADVERTISEMENT

 
ADVERTISEMENT