The Impact of Tampa’s Growth

Have you noticed how hot the Tampa market is right now? If you’re a seller OR a buyer, you probably have. And, if you’ve read the news lately, you’ve probably heard about the changes planned for downtown Tampa, Channelside and Water Street Tampa. Within the next few years, our waterfront and skyline are going to change for the better and we’re seeing more people moving to Tampa.

Who can blame them? We’re already a city filled with culture, character, and history, and now we’ll have a world-class waterfront, with more dining and hotel options than ever before. We can’t wait.

So, what does that mean for local real estate? We’re seeing continued growth in the real estate market, but still finding affordable options for our clients.

In fact, the Tampa Bay Times recently reported that, “In the second quarter of this year, Tampa Bay’s “affordability index” stood at 99 percent, meaning the median home price of $191,000 was almost exactly at its historic norm, according to ATTOM Data Solutions, parent of RealtyTrac.”

360 Realty’s agents are seeing homes going under contract quickly. This is great news for sellers and buyers, and we do not see things slowing down anytime soon.

“All of the new growth will continue to increase the demand and pricing, for South Tampa real estate in particular,” explains Carlyn Neuman. “The land is a peninsula and there is only a finite amount.”

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