Inside Asher, the Water Street tower with the smallest residences and biggest amenities
When plans for the tower that would become Asher in Water Street Tampa went public in 2019, developer Strategic Property Partners billed it as the district's option for “price-conscious renters” — one that would have the smallest units but with a big amenity package that more than made up for it. Three years and one global pandemic later, Asher opened in one of the hottest real estate markets in history, with 386-square-foot studio apartments starting at more than $2,000 per month. Asher is home…
Tampa Bay housing market shows no signs of slowing down, latest study finds
The U.S. housing market is slowly rebounding, according to the latest data from Realtor.com, but the story is different in Tampa Bay. An increase in the number of midsized homes could mean more listings are available for families wanting to upgrade from starter homes, which could turn into an uptrend for first-time buying options, according to the report. Active listings overall posted the smallest year-over-year decline (-12.2%) since December 2019, according to the Monthly Housing Trends Report. In…
US housing market starts to shift from pandemic frenzy but not evenly across markets
With mortgage rates rising and home-price appreciation continuing, there may finally be enough forces to slow the pandemic-fueled booming housing market.
Exclusive: Gulf front home under construction in Redington Beach sells for $10.7 million
A home on the Gulf of Mexico in Redington Beach has sold for $10.7 million in an all-cash, off-market deal — making it the third most expensive beachfront sale ever recorded in Pinellas County. The home at 15802 Gulf Blvd. sold Tuesday, according to the Multiple Listing Service. It is still under construction; The Fechtel Co. of Tampa is the builder. A deed for the transaction has not yet been filed in Pinellas County. Jennifer Zales, an agent with Coldwell Banker Residential Real Estate, represented…
Report: Home prices drop, but Tampa Bay homebuyers see little relief
The latest reading on the U.S. housing market shows signs of a shift, but there is still minimal price relief for buyers. A report from online brokerage Redfin shows that 15% of home sellers dropped their asking price during the four-week period ending May 1, compared to 9% of sellers during the same period a year ago. This is the largest annual gain on record in Redfin’s weekly housing data, tracked through 2015. The report also states that new homebuyers have been squeezed out of the market…
Goldman Sachs pays $184 million for apartment tower in downtown Tampa
The sales price is a 53% increase over what the tower sold for in early 2020.