Author Archive for: DomresRealEstate

Homeowners in the Tampa metro area have experienced some of the nation's steepest inclines over the past year. Growth in home values for Tampa-St. Petersburg-Clearwater ranked among the top of the nation's 35 largest markets in October, according to a report from residential real estate website Zillow Group Inc. (NASDAQ: Z). Home values in Tampa metro area grew at the sixth highest pace in October, according to Zillow's market report. The median value of a local home increased to $221,100 —…

A 27th floor penthouse in the Towers at Channelside has sold for almost $500 per square foot — the second-highest price per square foot ever recorded in the building. Paul DeSantis, of Premier Sotheby’s International Realty’s Tampa office, listed the penthouse for sale. There was an offer on the condo, which sold for $1.68 million or $484.50 per square foot, in 34 days. DeSantis has represented four of the six highest price-per-square-foot sales in the Towers at Channelside, and has participated…

A penthouse on the 41st floor of ONE St. Petersburg has sold for $4.15 million — the second highest price ever paid for a condo in the city's history. M. Patrick Carroll, founder and CEO of the Carroll Organization, closed on the condo in late October, according to Pinellas County property records. The Carroll Organization is an Atlanta-based real estate firm, though Carroll also owns a home in Tampa. The sellers, Amy and Jeffrey Towers, paid $3.1 million for the penthouse in March, according…

Clearwater and St. Petersburg are among markets where home prices are expected to skyrocket in the next decade, according to a recent report by GoBankingRates. The report looked at the top 300 biggest cities in the U.S. and evaluated each market based on Zillow’s one-year forecast to project their growth in home prices over the next 10 years. From there, they identified the cities where the change would bring the market’s median home value above the national median, which currently sits at…

Tampa Bay Business Journal obtained data from the Greater Tampa Realtors that broke down the Pinellas County ZIP codes with the most home sales and highest dollar volume for Q3. The top three ZIP codes with the most home sales belonged to St. Petersburg, all with over 150 homes sales for the quarter. The data also tracked the year over year change among the ZIP codes. St. Petersburg also had the largest year over year sales growth with 26.6 percent more home sales Q3 this year. St. Petersburg…