Pinellas home sales drop for the fourth consecutive month

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

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

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…

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:…

St. Petersburg panel approves tiny-house community

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…

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,…