Blog

State of Tampa -- April 2018

The Spring market
After relatively quiet sales volumes in January and February ($759M and $878M), March saw $1.2B spent on single family homes in Tampa Bay.

Low inventory
Just over 5,100 new listings appeared on the market in March 2018. A 10% drop year-over-year. The number of total listings on the market is 15% less than compared to last year at this time.

Difficulty finding "deals"
The number of distressed property sales(Foreclosure, REO, Short Sale) dropped by over 50% from march 2017, making it extremely difficult for inexperienced investors to enter the market.

Did you know?
In 2016, a senior executive of Zillow (personally) purchased an estate in Los Angles for nearly $20 million, $1.6 million higher than the Zillow Zestimate." - The Real Deal

Did you know?
The U.S. is on a record-breaking track for the longest amount of time without a recession, going on 8 years and 10 months in May (the longest expansionary period was 10 years during the 1990s).

temp-post-image