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…

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…

In the wake of Hurricane Irma, a case for Tall Homes and New Construction in St. Petersburg

Tampa Bay dodged a bullet. As late as 11am on Sunday morning, the National Hurricane Center projected a monster Category 4 hurricane, the largest in modern history, passing directly over the shallow estuary of Tampa Bay, and bringing with it up to 12 feet of storm surge. With 700 miles of shoreline and an average depth of only 12 feet,…