Hello Tampa Bay:

We thought you would enjoy this cover story from Tampa Bay Times, published only a few days ago.

Due to higher prices, there are now far less foreclosed homes available for purchase, which has further contributed to an increase in prices.  Here is the link:
https://www.tampabay.com/news/business/realestate/as-tampa-bay-foreclosures-plunge-prices-jump/2239012

Best regards,

Elegant Casas

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Hello Tampa Bay:

Here is an interesting article that shows that local home sale prices in Pinellas and Hillsborough are just slightly below their full value.  It is based on research and data from RealtyTrac.

Here is a link to the article that I found in Tampa Bay Times:
https://www.tampabay.com/news/business/realestate/tampa-bay-homes-still-a-good-value-new-report-says/2231347

Best regards,

Elegant Casas

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Hello Tampa Bay:

We came across this article, and thought you would enjoy it.  The real estate market is at its busiest level since 2005.  At the same time, there are more cash buyers and mortgages are more solid due to stricter standards.  As such, pundits believe that the market is healthy, especially given that annual price appreciation is at a reasonable level (unlike the extraordinary gains prior to the subprime mortgage crisis).

Here is a link to the full article:
https://www.tampabay.com/news/business/realestate/tampa-bay-home-sales-soared-in-march/2226548

Elegant Casas

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Hello Tampa Bay:

Here is an interesting market update.  Prices have been going up, while inventory continues to go down.  It’s a great time to list a home.

In February 2015, 3,917 homes were sold in the Tampa Bay area with a median price of $145,000. This compares with 2,896 homes sold during the same period last year which translates into a 35% increase in the number of homes closed and a 10% rise in the median price (from $132,000 to $145,000). At the end of the month there were 16,561 homes for sale in the area; 24% of the available homes sold in the last month – this translates into an inventory of 4 months. There has been a 6% decrease in the number of homes available for sale from February 2014 to February 2015 (from 17,695 to 16,561).

Best regards,

Elegant Casas

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