REO Trends

One out of five sales of single family homes in the Tampa Bay area were bank owned foreclosures.

Residential home sale data shows that banks are selling foreclosed homes in the Tampa Bay area at bargain prices.

The median sale price for Tampa Bay foreclosures fell to $97,935, compared to a median sale price of 165,000 for non-distressed homes.

The housing crash has brought Tampa Bay area real estate prices back to earth. From the urban areas in Tampa, St Petersburg, Clearwater to the beaches, real estate prices in some neighborhoods are 50% off their highs.

How fast do REO homes sell in the Greater Tampa Bay Market? What is the difference between asking prices and sale prices for bank owned homes? Is the inventory of bank repos increasing? What is the average sales price per square foot?

See the links for Hillsborough County, Pasco County and Pinellas County for details.

All data is from the Tampa Florida Multiple Listing Service (MLS), the definitive source of residential real estate data in the Tampa Bay metro market updated by Tampa Realtors.

For neighborhood, zip code or price range trends, contact the Bohannons at Coldwell Banker Residential Real Estate.