Appraisals moving upward

It is the general consensus of agents in the Tampa Bay market that appraisals are moving upwards. Recently, a  2/2 condo in Palm Harbor appraised for $85,000, when the last two 3/2 units in the
same complex sold for $77,000 and $81,000. Lower inventories, location, and condition seem to
be having more impact now with appraisers. Nice clean homes coming on the market are being
scoffed up by buyers anxious to take advantage of current pricing levels, and lower cost mortgage
money. This is another sign things are improving in the Tampa Bay real estate market.