Tampa Bay condos and townhomes soared in price in January

Prices for condos and townhomes in the Tampa Bay area soared in January. According to Florida Realtors, the median price shot up almost 14 percent — to $170,000 — compared to an increase of just 3.8 percent for single-family homes. The number of sales of existing homes — condos, townhomes and single family — dropped more than 4 percent in…

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…

Pinellas home prices soared in November but more houses for sale could mean lower prices

Pinellas County home prices shot up dramatically in November for the second consecutive month while other Tampa Bay counties recorded more modest gains. There was some good news for buyers — the supply of available homes both locally and nationally continued to increase, a trend that could lead to greater affordability. “Rising inventory is clearly taming home price appreciation,” said…

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

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…

Is Tampa Bay finally seeing signs of a buyer’s market? Soaring September sales hint at it

Bucking a national trend, sales of single-family homes soared by double digits in Hillsborough, Pinellas and Hernando counties in September. That dramatic increase, coupled with minor price increases, suggests that a real estate market that has favored sellers for several years is finally starting to swing a bit in favor of buyers. Another positive sign for those looking to purchase:…

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…

Florida leads other hurricane-prone states in quality of its building codes

Florida has the strongest residential building codes among 18 coastal states, according to a new study by the Insurance Institute for Business & Home Safety. Florida’s rating is 95, almost three times higher than lowest-ranked Texas. Other states with high scores are Virginia (94), South Carolina (92) and New Jersey (90). Noting that 25 million people in the United States…