Another surge in Tampa Bay home prices as sales volume sags

Tampa Bay home sales tumbled in March, once again pushing up prices. Hillsborough County saw the biggest decline in single-family sales, which plunged nearly 9 percent. Hernando had the biggest gain in prices, up more than 17 percent. The Tampa Bay results parallel those statewide as a shortage of homes for sale is creating a “cycle of frustration” for buyers,…

Tampa Bay homes prices soar by double-digits in January

Home prices soared in Pinellas and Hillsborough counties in January, the highest gains in several months. Prices for single family homes also rose in Hernando and Pasco as the shortage of available homes showed no immediate sign of easing. The bay area market reflected a broader trend of rising prices and sluggish sales. “The utter lack of sufficient housing supply…

Hurricane Irma hurt some Tampa Bay home sales even in October

Pinellas County home sales took another hurricane-related hit in October as the rest of the Tampa Bay area bounced back from Hurricane Irma. But while prices in all four counties rose once again, the rate of increase continues to slow. Hillsborough’s 3.6 percent increase was the lowest in more than two years although the county recorded the second highest price…

Former Steinbrenner home on Davis Islands sells for nearly $6.3 million

Tampa’s Bay’s luxury market is kicking off another strong year with the $6.275 million sale of an 8,000-square-foot bayfront home on Davis Islands. The seven-bedroom, seven-bath home sold in late January in an off-market transaction. The deed had not been recorded as of Friday, but the seller was a pair of trusts in the name of Christina S. Lavery, records…

Tampa Bay emerges as one of nation’s hottest industrial markets

Warehouses lack the glamour of luxury homes, but they are helping make the Tampa Bay area one of the nation’s hottest emerging industrial markets. The bay area vaulted from No. 28 to No. 10 last year in net leasing of distribution and light industrial space, according to a new report by Colliers International. Overall vacancy rates dropped to 6.3 percent…

The price of homes in the Tampa Bay area continues to soar

Tampa Bay home prices continued to soar in October, with Hillsborough County recording its biggest year-over-year gain since January. Pinellas, Pasco and Hernando counties also showed dramatic increases as buyers vied for an exceedingly tight supply of single-family homes — Pasco had less than a three-month inventory. And even though interest rates have risen slightly since the presidential election, there…

One of Tampa’s original cigar factories could soon be a boutique hotel

They’ve been turned into offices, schools, restaurants and luxury apartments. And now one of Tampa’s original cigar factories could soon be a boutique hotel. The former Balbin Bros. Cigar Factory at 1202 N. Howard Ave. was purchased for $1.4 million this week by a partnership between a Tampa hotelier and a Louisiana-based hospitality company. Though still in the early stages,…