Market Updates

June 4, 2017

High Buyer Demand for Downtown St. Petersburg Properties Keeps Builders on Their Toes

Downtown St. Petersburg is bustling and growing from buildings popping up everywhere. With two newly constructed high rises and a skyscraper on the way, builders are doing their best to keep up with the raising demand for property. Even though more and more buildings are being created, the need for ...

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Nov. 12, 2013

Tampa Bay Real Estate Market Conditions November 2013


Home PricesThe Tampa Bay area, including the cities of Tampa, St. Petersburg and Clearwater, is in a recovering real estate market with rising home prices. That is great news for sellers, and also for buyers waiting for the right time to purchase real estate. With some of the most beautiful white sandy ...

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Posted in Market Updates
May 15, 2012

Tampa Bay Area / Beach Communities Home Prices Rise.

Driven by lower inventory and brisk single family home sales, the median home price in the Tampa Bay area was up 7% in March over 2011. Single family home sales are up 32% year-to-date. Condo sales are up 21%.

Banks continue to work through the short-sale inventory, which now account ...

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Jan. 19, 2012

Is it time to buy a house?

Is the worst behind us? We think so.

Record low interest rates, at an average of 3.89 percent for a 30-year fixed mortgage, are fueling the trend toward an increase in mortgage applications, stabilizing prices and lower inventory.

According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey ...

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Oct. 11, 2011

Bank of America offering up to $20,000 to Florida Homeowners for Short Sales

Bank of America is offering Florida homeowners between $5,000 and $20,000 to short sale their homes rather than allowing them to be foreclosed on. To be eligible you must submit your short sale for approval to the bank by November 30, 2011, and the property must not have ...

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June 17, 2011

Tampa Real Estate Market: Great News for Tampa, St Petersburg, Clearwater FL area...

We had a lot of great news in the last week regarding the Tamba Bay area housing market. First, inventory is way down, to a 6.2 month supply in May, down from a high of 20 months a couple of years ago. Second, foreclosures in Hillsborough and Pinellas counties ...

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Posted in Market Updates
Dec. 6, 2010

High End Homes Sales, $2,000,000+ properties moving at big discounts...

The St Pete Times ran a story this past Sunday about the big hit luxury, high end homes have taken in our down market. Our high end homes page currently shows 121 homes and condos for sale listed at $2,000,000 or higher in south Pinellas, from Clearwater south to Tierra Verde ...

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Posted in Market Updates
June 11, 2010

Luxury homes for sale in coastal south Pinellas: what's happening with high end homes and condos...

For the sake of this blog post I will consider luxury properties as those listed for sale over $1,000,000, though I know an argument could be made that the high-end range starts at a lower price. Also, I compiled the numbers for this post using sales data from our ...

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Posted in Market Updates
May 25, 2010

Pinellas County, St Petersburg area real estate market update…

Buyers and real estate agents were scrambling in April to get homes under contract before the tax credit expired on April 30th, resulting in a big boost for sales. Overall unit sales are up 43.4% from last April - single family homes are up 30%, and condos are up a whopping ...

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Posted in Market Updates
Sept. 26, 2009

Foreclosure update for St. Petersburg, and for the beaches from St. Pete Beach to Clearwater...

Bank-owned foreclosure inventory at the beaches is very low. Though properties on the barrier-islands have never been foreclosure-central, I am nonetheless surprised to find only 15 properties available between St. Pete Beach and Clearwater. Remember, that's 33 miles of white sand beach! I believe the banks are releasing foreclosures slowly to keep inventory ...

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Posted in Market Updates