Author Archive for: DomresRealEstate

The Tampa-St. Petersburg-Clearwater metro area ranked among the best places to negotiate on home prices, in a recent report from SmartAsset. The report looked at the 100 largest metros in the U.S. and evaluated them based on the percentages of listings where the price was cut and the median price reduction of a listed home between August 2019 and July 2020. Those two metrics were used to generate an index out of 100 possible points. Tampa Bay ranked as the 19th best metro to negotiate on home…

The redevelopment of the aging Bay Oaks apartment property on Bayshore Boulevard is one of the most significant projects to ever come before Tampa City Council.

The redevelopment of the aging Bay Oaks apartment property on Bayshore Boulevard is one of the most significant projects to ever come before Tampa City Council.

The property last sold for $13 million in 2015.

Home prices in the Tampa-St. Petersburg-Clearwater metro area have increased over the past year at the same time that the area's inventory has fallen. For August 2020, Tampa Bay’s home value index, a monthly measure of home values in various metros, hit $242,924, according to data from Zillow. That is a 7.2 percent year-over-year growth in home value from August 2019. In the same span, Tampa Bay’s inventory fell by almost 32 percent. Those numbers give the Tampa metro the ninth largest home…