Exclusive: Davis Islands estate sells for $12.3 million
The waterfront property has set a record as the highest sale price in Tampa Bay this year.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Familiar faces tune in to pre-proposal meeting for Historic Gas Plant District redevelopment
The city answered questions from developers interested in redeveloping the 86-acre site. Proposals are due Nov. 18.
Residential building permits shift toward multifamily in Tampa Bay
The number of multifamily building permits in the Tampa-St. Petersburg-Clearwater MSA nearly doubled from January-July 2022 as compared to the same time frame in 2021, according to data from the U.S. Census Bureau. The 7,180 multifamily permits through July 2022 already exceeded 2021’s total of 5,526 permits. During that same time, the number of single-family permits dropped by more than 15%. Despite the drop, the Tampa MSA still outpaced most of the state with 10,281 single-family permits, below…
Report: Rising mortgage rates push home prices lower in Tampa Bay
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds. For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford. The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share…
Property planned for townhome development in Tampa’s Beach Park sells for $16M
The office buildings on the parcel will be demolished to build 87 luxury townhomes.
Update: Tampa construction company files to demolish estate once owned by Derek Jeter
A demolition permit was filed for the more than 22,000-square-foot compound on Davis Islands.
Clearwater affordable housing project gets more city funding
The city approved further financial support for an 81-unit affordable housing project on Cleveland Street.
Report: Tampa Bay rent prices show signs of slowing down
Tampa Bay residents have witnessed rents skyrocket to record-high numbers over the past two years, but a new report highlights how that growth is slightly slowing down over the last few months. Apartments.com, a CoStar Group company, published an in-depth report of multifamily rent growth trends for August. According to the report, the Sun Belt region continues to have a strong hold on the market, home to six of the top 10 rent growth markets. But the same markets with the fastest growing rents…
What shifting migration patterns mean for small businesses
The Covid-19 pandemic accelerated and shook up several migration patterns, sending millions of dollars and thousands of people to new places. Experts say the small businesses that can capitalize on the trend will put themselves in prime position for the post-pandemic world, but it won't be easy.
New downtown Tampa apartments reflect a growing trend: Short-term, fully furnished rentals
As some workers remain remote and more people move to the Tampa Bay area, apartment landlords see opportunity in the short-term space. AVE Tampa Riverwalk will devote up to one-third of its units to the concept.