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…
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 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…
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:…
Tampa Bay’s first tiny-house community won unanimous approval Wednesday from St. Petersburg’s Development Review Commission. Pedro Medina, manager of the project, said he hopes to start construction this fall on six houses in the city’s Midtown area. Initially, they wouldn’t be for sale but instead would be rentals, possibly through Airbnb. “This tiny-house movement has been very popular,’’ Medina told…
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…
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…
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…
Hernando County had by far the strongest showing in December as Tampa Bay home sales overall ended the year far less robustly than they began. The smallest of the four bay area counties, Hernando recorded the biggest increase in the number of single-family homes sold — up 9 percent compared to the same time a year ago. It also had…
Pinellas County home sales took another hurricane-related hit in October as the rest of the Tampa Bay area bounced back from Hurricane Irma. But while prices in all four counties rose once again, the rate of increase continues to slow. Hillsborough’s 3.6 percent increase was the lowest in more than two years although the county recorded the second highest price…
