That is (6) Six Years! According to the latest S&P/Case Shiller Home Price Index, Tampa Bay area home prices have fallen approximately 23 percent.
We know what that means for the potential home buyer's......BUY NOW OR MISS THE BOAT!
I have been selling some unrealistic values. I actually can not believe how low the bank owned homes are being listed for. Banks have so much on their books that getting rid of these homes at a very fast pace is key.
I believe 2003 prices are where it all started. I came down in 2003 from Pensacola after being with RE/MAX for serveral years to sell for a builder. The first 6 months I was shocked at how quickly prices were rising. All I kept saying was that we were really pricing ourselves out of a job market. Well I can say that what I was saying 6 years ago stands to be very true. After doing this business for so many years full time as a TOP PRODUCER (ranked 7 out of 1400 agents in 2003 in P'Cola Fl) you get a good feeling on where and how we might be headed.
I think we are in a very good place at this time. There is no better time to be a buyer than now. And at these prices, a first time home buyer can afford the "American Dream". Oh, we almost forgot what that was. hahahaha
Don't Miss The Boat.
