If you are on the fence about a sellling price? This Money Magazine article should motivate you to be agressive or not sell at all and holding for the long run (my guess 5 - 7years).  We have been in a declining market for 4 - 5 years (since 2006) with another year predicted to drop.  Recovery does not take as long but we still have need seen the bottom in Tampa Bay.

With 14,000 Homes on the market and 1,300 selling on average per month, 1 in 10 homes are being SOLD - price - condition - location are KING......

Money Magazine has released its latest home-price projections for the country’s largest metropolitan areas. Here are the 10 where it foresees the most substantial declines:

Where prices will decline:

• Miami, -22.5 percent
• Fort Lauderdale, Fla., -21.3 percent
• West Palm Beach, Fla., -18.5 percent
• Phoenix, -18.5 percent
• Las Vegas, -15.4 percent
• Tampa, -13.8 percent
• Pensacola, Fla., -13.6 percent
• Gainesville, Fla., -13.4 percent
• Suffolk, N.Y., -13.4 percent
• New York City, -12.9 percent

Source: Money Magazine (03/20/2010)

Interested in your Tampa Bay properties value?  www.ValueMyTampaBayHome.com

Thanks,
Nathan

Nathan Bangs & Associates - Tampa Bay Office - 813.739.5965 / Buyer Hotline - 813.739.5925

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