Tampa FL 50% Homes Sold under $100K

The average sales price for a single family home in Hillsborough County FL in January 2011 was $134,653. This is down almost $20,000 from December 2010. So what drove down the average sales price by $20,000 in Hillsborough County in January  2011?

Almost 50% of the homes that closed in January 2011 were sold below $100,000. I went back to January 2008 and only 13% of the closed homes sold for less than $100,000. This is why the average sales prices is at $134,653

Investors and first time home buyers are attracted to homes under $100,000. When is a great time to buy? Today!