Barger Real Estate

Developer Ben Mallah buys former Phillies slugger Ryan Howard’s Pinellas home for $16.5 million

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Posted in News on February 1, 2019 by John William Barger III

Real estate investor Ben Mallah bought a gulf-front mansion Thursday for $16.5 million, by far the most ever paid for a residential property in the Tampa Bay area. The seller was former Philadelphia Phillies slugger Ryan Howard, who built the house four years ago on 200 feet of private beach that he bought for $3.5 million. Mallah, known for his…

Pinellas home prices soared 13 percent in October as bay area market continued to favor sellers

Posted in News on November 22, 2018 by John William Barger III

Sorry, homebuyers, Tampa Bay’s real estate market still looks strong for sellers. For the second consecutive month, sales and prices showed healthy year-over-year gains in October, with Pinellas County recording its biggest price jump — 13.3 percent — since January. The October figures, released today by Florida Realtors, indicate that September’s good showing wasn’t a one-time fluke. A big jump…

A tight supply cuts into Tampa Bay home sales while prices keep rising

Posted in News on June 21, 2018 by John William Barger III

Tampa Bay’s two largest counties showed anemic home sales in May as prices continued to rise due to a tight supply. In Pinellas, sales of single-family home plunged nearly 12 percent from the previous May, the second-worst showing in a year. Prices, though, shot up 10 percent, to a median of $253,000. In Hillsborough, the number of sales crept up…

How will Tampa Bay home prices, sales fare in 2018?

Posted in News on November 29, 2017 by John William Barger III

With data on millions of homes nationwide, the folks at Realtor.com think they have a pretty good idea of how the real estate market is doing. So here’s their prediction for the Tampa Bay area in 2018: Sales, up 1.3 percent. Prices, up 6 percent. That’s not as good as in 2016 or even in the first part of this…

Tampa Bay has two new million-dollar ZIP Code areas — is yours one of them?

Posted in News on August 17, 2017 by John William Barger III

You might not be a millionaire, but chances are greater now that you live in a million-dollar Tampa Bay neighborhood. In the past year, the region has gained two more ZIP code areas — downtown St. Petersburg’s 33701 and South Tampa’s 33609 — in which at least 10 percent of the homes are worth $1 million or more, Zillow says….

How accurate are those Zestimates from Zillow? We put them to the test

Posted in News on July 11, 2017 by John William Barger III

When people decide to sell their homes, the first place many of them look for an estimate of value is Zillow. That drives real estate agents batty. “I fight these on a daily basis,” Dunedin agent Joe Demo says of what the popular online database calls Zestimates. “When people bring it up, I tell them, ‘In my opinion you’ve got…

Need to sell one house before you buy another? A bridge loan could help

Posted in News on June 8, 2017 by John William Barger III

In Tampa Bay’s frenetic real estate market, buyers need to move fast when they find a house they like. That can be a problem if they have a house they need to sell. One solution: a bridge loan. This week, Ohio-based Third Federal Savings and Loan Association became one of the first lenders to revive a type of loan that…

Can another Tampa Bay home fetch $11 million? Several luxury buyers are trying

Posted in News on June 2, 2017 by John William Barger III

Make way, Naples and Sarasota. Tampa Bay is staking a claim as the newest address for luxury homes. In April, the bay area recorded its most expensive residential sale ever: a waterfront Clearwater estate that went for just over $11 million. This week, there are four homes on the market priced at more than $11 million. The most recent addition…

Tampa Bay home prices still soaring amid tight supply

Posted in News on May 24, 2017 by John William Barger III

Sales of Tampa Bay homes dropped in April but prices jumped yet again as Florida’s real estate market continued to be defined by tight supply and high demand. Compared to the same month last, the median price for a single family home rose 12.5 percent here, the most of any major metro area in the state. But despite Tampa Bay…

March madness for Tampa Bay home sales with double-digit price increases

Posted in News on April 21, 2017 by John William Barger III

With the peak selling season in full swing, Tampa home sales didn’t disappoint in March — prices in all four bay area counties jumped again by double digits compared to the same time a year earlier. And once again, Tampa Bay outpaced every other major metro area in Florida and most of the smaller ones as well. “We certainly have…

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