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:…

St. Petersburg’s Fusion 1560 sells for $81.1 million in mega apartment deal

Fusion 1560, a 325-unit complex that was in the vanguard of St. Petersburg’s apartment boom, has sold for $81.1 million to a giant Chicago firm that manages Tampa’s International Plaza. The price is nearly $25 million more than Fusion sold for three years ago, a sign of the rebirth of the city’s once seedy Edge District. And at nearly $250,000…

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,…

Hurricane Irma hurt some Tampa Bay home sales even in October

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…

Sizzling home sales in Tampa Bay cool down, but bank-owned houses still fetch big bucks

Could those dramatic gains in Tampa Bay home prices really be slowing down? July sales figures hint that the long-running sellers’ market might be shifting more in favor of buyers. In Hillsborough County, where the median price of a house hit $240,000 in July, it was the third straight month in which prices rose by just a single digit from…