PO Box 1212
Tampa, FL 33601

Pinellas
(727) 726-8811
Hillsborough
(813) 258-5827
Toll Free 1-888-683-7538
Fax (813) 258-5902

Click For A FREE Quote
TOOLS
CONVERSION CHART
STANDARD DEVIATION
MORTGAGE CALCULATOR

Updated November 2024


RETURN TO NEWS INDEX

Hernando, West Pasco suburbs saw home values plunge, Zillow reports
By James Thorner
St. Petersburg Tines
Published: Aug 11, 2009

Several relatively hard-to-reach suburbs north of Tampa took it hard on the latest home price report from Zillow.com.

The national real estate company said average Tampa Bay home values declined 21.6 percent in the year ending June 30, but places like Brooksville, North Weeki Wachee and Port Richey suffered much-higher-than-average plunges. Brooksville's drop was more than 40 percent, the steepest of any bay area community.

On the other hand, Lutz and Apollo Beach in Hillsborough County, Dade City in Pasco County and Belleair and East Lake in Pinellas County avoided the worst depreciation, down as little as 8 percent.

Housing boom hot spots like Wesley Chapel, Zephyrhills, Brandon and Land O'Lakes neither underperformed nor overperformed. The same held true for St. Petersburg and Clearwater, where prices fell at an average pace.

Zillow estimates that the average Tampa Bay home is worth about $125,400, 42 percent below the peak price of $215,100 in mid 2006.



| INTRO | FAQ | RESIDENTIAL | COMMERCIAL | NEWS | RESOURCES | TOOLS | TEAM | CONTACT | CLIENTS LOGIN | PRIVACY |

FacebookTwitterLinkedin
Copyright 1999-2024, Appraisal Development International, Inc