The Tampa Bay area offers all the best attributes of Florida living from spectacular beaches to world-class, family-friendly attractions, and now is a perfect time to make the move to Cigar City as the slowly recovering local market continues to offer prices favorable to buyers. Though the buyer’s market is certainly attractive to investors, new residents enjoy the inherent benefits of living in one of Florida’s most vibrant areas.
The housing market collapse of recent years hit bank foreclosures and equity shortfalls in the country. As a consequence of these conditions, the market remains active as residents take more drastic measures to avoid property seizures and personal bankruptcy. As time has passed, however, the number of short sale transactions has dropped as more balance returns to the market and median home price has risen to its highest mark in over five years.particularly hard, causing some of the highest rates of
Though the advantageous market conditions make home buying in Tampa more appealing from a financial standpoint, the area itself offers the greatest incentive for becoming a resident. With nearby St. Pete’s Beach, Clearwater and other neighboring coastal communities, the area boasts some of Florida’s most picturesque and best maintained beaches, and the year-round warmth and sunshine is always a selling point for those looking to escape bone-chilling winters further north. These natural benefits coupled with a competitive economy and an outstanding variety of family-friendly attractions like Busch Gardens Tampa, Adventure Island waterpark and the Lowry Park Zoo make Tampa a community that appeals to all age groups and income levels.
New residents also take advantage of getting more room for their dollar, as average homes in the area have more living space than ever, reflecting the nationwide trend. Fortunately, the increase in square footage is not accompanied by an excess of exclusivity, and according to one, cost of living is more than twenty percent lower than the national average.
While the rally in prices and equity has made this a good time for Tampa real estate, it’s an even better time to become a resident and start become a part of one of Florida’s most all-American cities.