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Home Prices on the Rise: Has the Largo Market Stabilized?

There’s good news on the real estate front throughout America and right here in the Tampa Bay area. But, do you think the trend applies to Largo?

After years of stagnation, real estate analysts are finally reporting some good news on the home front.

According to Bloomberg, home prices rose more than analysts initially thought they would year-over-year in July.

“The S&P/Case-Shiller index of property values in 20 cities increased 1.2 percent from July 2011, the biggest 12-month advance since August 2010, a report from the group showed today in New York,” Bloomberg reported.

Analysts anticipated a 1.1 percent gain. While that .1 percent might not seem like a lot, it’s translating to seemingly good news in the Tampa Bay area.

The Tampa Bay Times reported that local home sales were up 12 percent in July over reports from July 2011. The median sales price also grew by 8 percent, bringing that number to $130,000.

Do you think the Largo housing market is following the trend? Post a comment below and share your thoughts.

Tina Marie September 26, 2012 at 02:45 PM
In one year my house has gained value yes. However IMO the foreclosures and short sales have hurt values as well as the abandoned homes in probate and the above. Further, certain areas of this city really need to be cleaned up both aesthetically and crime wise and funds should be used to focus on these areas rather than new palm trees downtown. We need street lights, sidewalks and beautification in other areas which have gone neglected for far too long. Ex: Who likes looking at the Ghettos when driving down Ulmerton? It doesn't exactly give a good first impression of Larghetto.

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