Category: Market Trends

Cheap Tampa Bay Home Improvements That Pay Off

Consider these cost-vs.-value findings on the cheapest and most cost-effective Tampa Bay home improvement projects if you’re thinking about doing some improvements on your home. According to the Remodeling 2017 Cost vs. Value Report (www.costvsvalue.com), there are three home improvement projects for Tampa Bay homeowners that cost only $1,317, $1,368 and $1,649, but will bring a resale value of 155%,…

Read More »

Selling Your Home? Highlight 10 Things That Many Homebuyers Want

As a home seller, you will attract more inquiries if you highlight things that most homebuyers want in your online listings, flyers and emails. What do homebuyers want? Obviously, homebuyers differ in their preferences, as people have different circumstances and needs. Some put access to good schools as their number one criterion if they have school-age children. Others prioritize access…

Read More »

Tampa Real Estate Market Posted the 3rd Biggest Rise in Median Sales Price

Out of the 130 U.S. metro markets with a population of at least 1 million, the Tampa real estate market recorded the 3rd biggest rate of increase in the median sales price of single-family homes and condos sold over the one-year period from June 2015 to June 2016, based on studies made by ATTOM Data Solutions. ATTOM, the parent company…

Read More »

Tampa Bay Real Estate Listings — 10-Year Impact on Home Prices

TAMPA BAY real estate listings have been dropping in number since the second half of 2009, the year after the housing mortgage crisis that caused the US Recession of December 2007 – June 2009. The drop has pushed up sale prices, shortened the stay of properties on the market, and persuaded prospective home sellers to finally come out and list their…

Read More »

$150K to $200K Tampa Bay Homes Were Top Sellers in April

Tampa Bay homes priced from $150,000 to $199,999 were the top sellers in Tampa Bay’s single-family sector in April. A total of 890 units were sold, accounting for 21% of all closed sales in April in the Tampa-St. Petersburg-Clearwater metro area. This price range was also the fastest selling among 10 price ranges. Second most popular was the $100,000 to…

Read More »

Tampa Bay Real Estate Market Second Most Active in Florida in April

The Tampa Bay real estate market was the second most active market among 22 large metro areas in FLORIDA in April 2016, second only to the Miami metro area. It surpassed the Orlando and Jacksonville metro areas, which ranked third and fourth, respectively, in residential sales activity. A total of 4,199 Tampa single-family homes were sold, 13 units more than the…

Read More »

Contracts for Tampa Bay Homes Signed in Record 32 Days

In April, purchase contracts for Tampa Bay homes were signed in a median of 32 days, the fastest on record since 2010, based on data from the Florida Regional MLS on closed sales of single-family homes in the Tampa-St. Petersburg-Clearwater metro area. Contracts for Tampa Bay condos and townhouses were signed in a median of 34 days, also the fastest…

Read More »
homebuying-women

Single Females Continue to be Second Largest Homebuying Group

Single females continue to be the second largest homebuying group in the U.S., based on annual studies of homebuying trends in the U.S. by the National Association of Realtors (NAR). Since the 1990s, single women have surpassed their male counterparts in home ownership.   In 2015, out of all homebuyers, 15% were single females, six percentage points more than single males…

Read More »
tampa-luxury-homes

South Tampa and Clearwater Luxury Homes Are the Most Popular Tampa Bay Million Dollar Homes

Luxury homes in South Tampa, Clearwater Beach, other Gulf of Mexico beach communities and in downtown St. Pete were the top-selling million-dollar and multimillion-dollar homes over the 11-month period from January to November 2015, based on sales data that can be searched on the My Florida Regional Multiple Listing Service portal. The top Tampa Bay luxury real estate markets in…

Read More »
homebuyers-real-estate-agents

Homebuyers Continue to Prefer Pre-Owned Homes and Detached Single-Family Homes

Previously-owned detached single-family homes are the most popular types of residential properties among home buyers across the U.S., according to the National Association of Realtors’ report 2015 Profile of Home Buyers and Sellers. Among all homebuyers, 84% purchased previously owned homes and 83% purchased detached single-family homes. Pre-owned homes are favored mainly for their price advantages while detached single-family homes…

Read More »
tampa-real-estate-investment

Rise in Tampa Bay Home Prices Affirms Real Estate Investment Ranking

The continuous increase in Tampa Bay home prices affirms the Top 10 ranking of the Tampa Bay metro area in the BiggerPockets Real Estate Investment Market Index for 2015. The Tampa-St. Petersburg-Clearwater metro area ranked No. 6 in BiggerPockets’ list of the Top 10 Best Markets for Real Estate Investors. BiggerPockets analyzed residential price appreciation and rents in relation to property values…

Read More »
tampa-condos

Condos Are Leveling Up, Pleasing Lots of Homebuyers, NAHB Says

Condos are now the preference of a rising number of homebuyers due to condo design improvement designs and lifestyle changes, according to the National Association of Home Builders (NAHB).   Growth of Certain Demographic Groups The increasing number of active retirees, couples without children, divorcees and single professionals, who want convenience and less hassle, is pushing the rise in condo…

Read More »
Florida-economy

5 Awesome Recent News Stories About Florida

Residents of Florida, the Sunshine State, have been getting some sunshiny news stories!  Here are five of them: 1.   Tourism in Florida continues to surge  More than 54 million tourists visited Florida in the first half of 2015, according to Florida’s tourism agency Visit Florida. That’s the biggest number so far for a six-month period in Florida’s history. For the second quarter…

Read More »

15 Things About Millennial Home Buyers that Realtors Should Know

Millennial home buyers have been coming in droves, and they will definitely gravitate towards realtors that know more about their tendencies and preferences. Who are the millennials? They’re the young adults of today. They were born between 1980 and 1995. They’re now 18 to 34 years old. Here are the things about millennials’ home buying, mostly based on the National…

Read More »

Hillsborough Is 2nd Hottest Real Estate Market

HILLSBOROUGH COUNTY, whose largest city and county seat is TAMPA, was the second hottest residential real estate market in Central Florida in the first two months of 2015, based on data from My Florida Regional MLS. Of the 18,930 residential units sold in 17 Central Florida counties in January and February 2015, Hillsborough sold 2,907 units, representing 15.36% of the…

Read More »