Entries by DomresRealEstate

Construction begins on Largo affordable housing development

Construction has begun on the Seminole Square Apartments affordable housing project in Largo. The project will bring 96 affordable units to 2005 Seminole Blvd. and is being developed by Archway Partners. It is a public-private partnership supported by partners in the Advantage Pinellas Housing Compact, an agreement that local governments created to tackle countywide housing. Seminole Square Apartments will have one- and two-bedroom apartments for families and individuals with an income ranging…

Report: Tampa Bay luxury home sales see the biggest decline in a decade

Luxury home sales in Tampa Bay have declined to one of the lowest marks in the decade, according to the latest report from the real estate website Redfin. Nationally, luxury home sales in the U.S. sank 38.1% annually during the three months ending Nov. 30. The decline eclipses the 31.4% drop in sales in the mainstream market for the same time period, which is a record, according to data going back to 2012. Tampa Bay luxury home sales saw a 43.8% decline from last year, with a median home sale price…

Miami, Tampa top home price increases

Miami and Tampa topped other metro areas in home-price increases in October when compared to a year earlier, though prices are weakening across the country, according to an analysis released Tuesday. The Miami area had a 21% year-over-year increase, while the Tampa area had a 20.5% increase, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The Charlotte, North Carolina, area was third-highest with a 15% increase. But the report, which provides data on 20 metropolitan…