Pinellas County launches new Housing Action Plan
A countywide Housing Action Plan debuted at the Homes for Pinellas Summit in Largo last week.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Exclusive: Indian Rocks Beach waterfront home listed at $10 million
A waterfront home on Indian Rocks Beach is on the market for just under $10 million. The 5,828-square-foot home at 32 Gulf Blvd. has 9,488 square feet of indoor and outdoor living space. The beachfront home also includes a private intracoastal dock with a 6-foot privacy wall and gated entry. Peter Donnantuoni purchased the property in April 2020 and divided it into two 56-foot-wide lots. The property sits on the area known as The Narrows, which spans from the Gulf of Mexico to the Intracoastal…
Report: Rent prices drop nationwide, but not in Tampa Bay
As Florida continues to be one of the most popular states to move to in the nation, it's becoming more challenging for residents to find an affordable apartment or keep existing rent from going up. Nationally, the median U.S. asking rent fell 0.4% year over year to $1,937 in March. That's the first annual decline since March 2020 — when the coronavirus was declared a pandemic — and the lowest median asking rent in 13 months. By comparison, rents were up 17.5% one year ago in March 2022. “Rents…
Compass CEO: Florida’s west coast continues to be a thriving residential market
Compass CEO Robert Reffkin said Florida’s residential market, especially along the west coast, has seen sustained buyer demand despite the national economic turmoil. Reffkin gave a market update on April 18 detailing the brokerage’s continued expansion across Florida’s west coast. He told the Tampa Bay Business Journal that prices have been “pretty stable given the short supply” and said the inventory has not kept up with the demand throughout the region. There has been a high demand…
Clearwater Beach condo sells for $9.5 million
A condo on Clearwater Beach has sold for $9.5 million. The beachfront condo is in the Residences at Sandpearl Resort, located at 11 Baymont Street. The unit has four bedrooms and four baths and is 5,349 square feet. The sale price breaks down to approximately $1,776 per square foot. Sophia Vasilaros of Smith and Associates Real Estate represented the buyer, an Ohio resident who purchased the property as a vacation home. “The home boasts three private terraces with direct Gulf views from almost…
Report: Home sales slide in Tampa Bay
As home prices continue to rise in Tampa Bay, sales are declining to start the homebuying season.
Florida lawmakers back nixing local housing regulations
The bill's sponsor said the state needs to take a free-market approach to addressing the housing problems and that local regulations drive up costs.
More investors are losing money in the housing market
Especially in pandemic boomtowns, a growing share of investors is losing money on homes sold in recent months.
By the numbers: March housing prices in Florida
The industry group Florida Realtors released a new report that said the statewide median sales price for single-family existing homes in March was $405,000. Here were the median sales prices by metropolitan statistical area: Click the housing icons below to see the price of your metro.
How the 2023 spring housing market is shaping up
The spring 2023 housing market is off to a different start than its 2021 and 2022 counterparts but several factors are converging to make it not quite a typical pre-pandemic market, either.