Sales of Tampa Bay homes plunge in December

Sales of single family-homes in the Tampa Bay area plunged in December as prices again rose. In one good sign for buyers, though, the supply of available homes continued to inch up, with Pinellas County having its largest supply in at least three years. The bay area market reflected those statewide and nationally, both of which saw a slump in…

St. Petersburg apartment building sells for near record $107 million

The Hermitage apartments in downtown St. Petersburg have sold for $107.6 million, a near record price per unit for a rental project in the Tampa Bay area. The eight-story, two-year-old building at +just east of the city’s thriving Edge District was purchased by Dedicated Hermitage LP, which has a Toronto, Canada, address. The Hermitage’s new owners paid $309,267 per unit,…

Pasco sellers are the big winners in April as Tampa Bay home prices keep rising

Sales down; prices up. That in a nutshell described the real estate market in Tampa Bay and a few other parts of Florida in April as once again there were too many buyers and too few available homes. “Pent-up demand continues to put upward pressure on prices,’’ said Christine Hansen, president of Florida Realtors. “In April, sellers continued to get…

Tampa Bay home prices still climbing, though more slowly

Tampa Bay home prices rose again in June, although the once-torrid pace of increases shows signs of slowing. For the first time in several months, year-over-year price gains were in the single digits in two of the bay’s area’s four counties. The change was particularly striking in Pasco, where the median price for a house in June — $202,995 —…

Tampa bayfront home sells for $6.4 million, top in Hillsborough County this year

A bayfront estate in South Tampa’s Culbreath Isles sold today for $6.4 million, the most paid for a Hillsborough County home this year and the second highest in the Tampa Bay area. The buyers — who are local but have not been identified — were so smitten with the five-bedroom, four-bath house that they bought it completely furnished, according to…