An independent study has revealed that the city of Tampa ranked 74th in terms of economic growth in the 2009-2010 period. Researchers concluded their decision after a study of the economies of over 150 cities worldwide, after the recession. This is a sharp improvement from its previous ranking of 120, in the 2007 to 2010 periods.
November 2010, saw 2,225 homes being sold in the Tampa bay area. The median price quoted was around $115,000. The trend throughout the country is for buyers to wait and watch until they get a good deal. But concerning the Tampa Bay area, buyers with this attitude are sure to miss out on the great advantage offered by sellers. The sellers here in Tampa Bay are holding out to get a fair market value. The general attitude that a property for sale is sure to be sold at a huge discount does not hold to a very large extent in the Tampa Bay area. In September alone, while 52% of sales were distressed sales, a remarkable 48% of homes were sold by regular sellers. The Hillsborough area is a fair point for example. According to the Greater Tampa Association of Realtors, around 1400 homes were sold in March, with the average sale price going up from $160,145 to $165, 071and a total sale of $235.3 million in Hillsborough alone. Besides, Hillsborough, St. Petersburg, and Clearwater metro areas too saw a good jump in sales. For those looking for Tampa luxury homes, the Westshore Yacht club is one of the best choices. This area is laden with upscale resort-style waterfront communities with amenities that are top-notch. The community is self-sufficient in itself, with everything right from a spa, fitness center, yoga aerobics room, restaurants, and a host of other amenities. The place is ideal for those looking for Tampa luxury homes.
People looking for low-priced houses in Tampa should also consider the price of the property after an inventory is done. Although low prices do look attractive, buying a home that has a high rates school or a neighborhood with a consistent rate should be given utmost priority.
But before you decide to buy a house in Tampa, it’s important to find the right real estate agent who can help you find the best Tampa home prices and can offer the best Tampa home values. Without the help of an experienced and professional real estate agent, it’s difficult to find details about the area where you’ve decided to invest your money. These agents are also the best resources to help you out with the Tampa new homes market.