Housing update: How downtown St. Pete residential projects are shaping up
Here’s what’s happening with several closely watched residential projects in downtown St. Petersburg.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
Report: Tampa Bay homebuyers need to earn double their salary to afford a home
The average Tampa Bay homebuyer needs to earn more than they would have last year to buy a home in this housing market. In 2022, homebuyers in Tampa Bay had to make a yearly income of $74,000 to afford a home, according to luxury real estate company RubyHome. But as the housing market fluctuates, that number is now $113,000. To find these numbers, the company used year-over-year comparisons of median home prices and interest rates, taxes and insurance calculations to generate monthly mortgage payment…
Investors buying fewer homes, but market share expected to hold steady
Investor activity in the for-sale housing market has been a closely watched storyline through the roller-coaster pandemic housing market.
Cash is still king in the housing market. It could become even more important.
The share of all-cash soared in 2022, and some experts believe the trend could gain momentum due to market factors.
Q&A with Jennifer Zales, Coldwell Banker’s No. 1 Florida agent
A Tampa real estate agent is Coldwell Banker Realty’s top-producing agent for gross sales in Florida and No. 5 in the U.S. Jennifer Zales, who specializes in luxury properties and buyers and sellers in professional sports, closed $224 million in sales in 2022. When pending sales are accounted for, she transacted a quarter-billion dollars' worth of luxury real estate last year. Among Zales’ largest Tampa Bay sales in 2022 were 78 Adalia Avenue, which sold for $15 million and a record price…
Multi-lot, waterfront property on Davis Islands hits the market at $23.9 million
A waterfront property on Davis Islands that could be subdivided into three lots is listed for sale at $23.9 million. A team of agents from Smith and Associates Real Estate in Tampa — Mary Beth Byrd, Leslie Minder and Dina Sierra Smith — is co-listing 42 Ladoga Ave. for sale. A 1928-built, 9,038-square-foot home sits on the property, which totals 1.45 acres. That’s more acreage than the property baseball legend Derek Jeter sold for $22.5 million in 2021. Jeter’s home sat on 1.25 acres,…
Tampa rent prices keep rising despite a national decline
Tampa Bay rent growth continues to exceed the national average, a report shows.
Duplexes proposed in St. Petersburg’s Innovation District
Three duplexes may soon be built across the street from the ARK Innovation Center, which is currently under construction.
Penthouse at Signature Place in downtown St. Pete lists for $3.3M
A penthouse at the Signature Place condominium tower in downtown St. Petersburg is on the market for $3.299 million. The two-bedroom, two-and-a-half bath condo is on the 31st floor of the 36-story tower, located at 175 First St. S, and has 320-degree views of Tampa Bay. The condo — known throughout St. Pete as “The Sail” — has been continuously customized and upgraded and has an approximately 1,500-square-foot terrace. “It’s such a unique property because most condos don’t have…
Report: Tampa ranks as one of the least affordable U.S. housing markets
Tampa ranked in the top 20 of the least affordable housing markets in the nation according to the RealtyHop Housing Affordability Index. The study examined the 100 most populated cities in the U.S. to provide an index of housing affordability and homeownership burden. To calculate the index, the following statistics were used: Projected median household income Median for-sale home listing prices via RealtyHop data Local property taxes via American Community Survey census data Mortgage expenses,…