Tampa expected to be hit by ‘silver tsunami’ as boomers leave their homes
Tampa is the top U.S. city expected to be hit by the “silver tsunami,” or the amount of homes that become vacant as their owners, senior citizens, die or find other living accommodations, according to Zillow research. During the next 20 years, 27 percent of owner-occupied homes nationwide are expected to hit the market due to the death or otherwise being vacated by their owners, possibly causing negative economic ripple effects in regions most affected, according to the study. Roughly 34 percent…Original Article
It's the second fractured condo in Carrollwood to sell this year.
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…