Pinellas home sales drop for the fourth consecutive month


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Sales of single family homes in Pinellas County dropped in March for the fourth consecutive month while sales rose by varying amounts in Hillsborough, Pasco and Hernando. Overall, the bay area market is clearly less buoyant than it was a few years ago, according to figures released Monday by Florida Realtors. Houses are taking longer to sell even though the…

Tampa Bay condos and townhomes soared in price in January

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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…

Founder of Lazydays RV puts Hillsborough County estate on market for $22 million

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And the mega-mansions just keep on coming. A day after real estate investor Ben Mallah paid a record $16.5 million for a Belleair Shore home, the founder of Lazydays RV has put his lakefront estate in eastern Hillsborough County on the market for $22 million. That makes it the most expensive residential property currently for sale in the Tampa Bay…

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

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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…

Sales of Tampa Bay homes plunge in December

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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

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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,…

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

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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

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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

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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:…