Barger Real Estate

Is Tampa Bay finally seeing signs of a buyer’s market? Soaring September sales hint at it

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Posted in News on October 21, 2018 by John William Barger III

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 is one of the nation’s top 10 areas for real estate investors

Posted in News on October 19, 2015 by John William Barger III

Investing in real estate can be risky, but the Tampa Bay area is one of the best places to try it, a new study says. Over the past year, investors have earned an average gross return of 16.7 percent on local residential properties they bought, according to the online real estate investment site BiggerPockets.com. That ranks the bay area sixth…

Loews Don CeSar named Best Historic Hotel in America

Posted in News on October 15, 2015 by John William Barger III

The Loews Don CeSar Hotel on St. Pete Beach was recently named the “Best Historic Hotel” in its size category by the Historic Hotels of America organization. The 277-room “Pink Palace,” which has been an icon on St. Pete Beach for decades, was built in 1928. The hotel was recognized for its history and restoration. “It’s been 88 years in…

Tampa Bay leads nation in closed foreclosures, though total drops

Posted in News on August 13, 2015 by John William Barger III

For the 12 months ended in June, the Tampa Bay area led the nation in completed foreclosures with 16,750 homes taken back by the lender or sold at auction. However, that was 13 percent fewer than in the same period a year earlier, a new report by the property data firm CoreLogic says. And the percentage of bay area borrowers…

Gated townhome community planned for downtown St. Petersburg

Posted in News on August 9, 2015 by John William Barger III

A veteran Tampa developer is planning a gated townhome community a block and a half from bustling Beach Drive in downtown St. Petersburg. Called Regent Lane, the 20 homes at 141 Fourth Ave. N each will have three bedrooms, three and a half baths, a private elevator, roof deck and two-car garage. Prices for the four-story, 2,335-square-foot homes will be…

House flipping still paying off in Tampa Bay, though inventory shrinking

Posted in News on August 9, 2015 by John William Barger III

Last fall, Tampa-based Badger Investments paid $86,100 for a bank-owned house in St. Petersburg that was showing its age. Out went the wall-to-wall carpeting and the window air conditioner. In came granite countertops and stainless steel appliances. Badger put the house back on the market and sold it in May for $149,000 — a 73 percent gross profit. But those…

New York style brownstones planned for downtown St. Petersburg

Posted in News on August 9, 2015 by John William Barger III

Five high-end, New York-style brownstones are now planned for the downtown St. Petersburg site where a 16-story luxury condo tower once was proposed. Frank Menna, who owns the vacant lot on First Street N and Fourth Avenue, said Wednesday that the new project is a joint venture with hotel and restaurant owner Steve Gianfilippo. “I had the high-rise thing going…

Tampa Bay homes sales soared in June

Posted in News on July 30, 2015 by John William Barger III

Tampa Bay home sales skyrocketed in June, making it the strongest month in the past year. Year-over-year sales of single-family homes — which make up the bulk of the residential real estate market — soared 31.7 percent in Pasco County, 29.5 percent in Pinellas and 27.4 percent in Hillsborough.

Why some Tampa Bay homes sit on the market for years

Posted in News on July 30, 2015 by John William Barger III

As nearby properties changed hands, the Odessa house sat unsold through two presidential elections, a recession, a recovery and enough celebrity gossip to fill seven years of People magazine. Finally, after 2,552 days with no buyer in sight, the listing expired in January. “It’s a very pretty house,” real estate agent Robert Romano said, “but I’m letting it sleep for…

Tampa Bay home sales not as robust in May as in previous months

Posted in News on July 30, 2015 by John William Barger III

For the metro area, which includes Pinellas, Hillsborough, Pasco and Hernando counties, the number of single family homes sold in May rose 11.4 percent from a year ago, but was less than the number changing owners in April. Most of the decline came in Pinellas.