U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-02-2012, 07:33 PM
 
5 posts, read 6,499 times
Reputation: 18

Advertisements

Just curious to Realtor's opinion on the state of RE in the St Pete/Tampa/Clearwater...

Has the worm finally turned?
Reply With Quote Quick reply to this message

 
Old 07-03-2012, 10:16 AM
 
14,359 posts, read 16,276,263 times
Reputation: 12870
The market turned positive last year. Lots of investors have been buying the foreclosures, snapping up the super deals. Now rental rates are moving up as there is a massive demand for rentals. Some of the investors have been starting to fix up and flip the homes.

There have been bidding wars on properties that are priced very well.

However, prices are still down low compared to the height of the market in 2006. But last year the market took a turn upwards so we are no longer at the bottom of the market.

Also you are seeing new construction (new homes) going on over the past year when this was not going on for several years prior.

FYI..I am not a realtor but I am very in tune with the local real estate market.

I think you can pull numbers and see price increases and increase in sales volume as well.

FYI..this past winter, when snowbirds typically double the population in some areas of SW Florida. Well, this past season was the most active snowbird season in the past 20 years. Crowded with folks, many shopping for property to buy, folks eating at restaurants, shopping, etc. You would not have a clue of any economy issues in the country based on the most recent snowbird season. It was busier than the height of the real estate boom.
Reply With Quote Quick reply to this message
 
Old 07-04-2012, 02:54 PM
 
14,648 posts, read 29,685,966 times
Reputation: 17206
Quote:
Originally Posted by sware2cod View Post
The market turned positive last year. Lots of investors have been buying the foreclosures, snapping up the super deals. Now rental rates are moving up as there is a massive demand for rentals. Some of the investors have been starting to fix up and flip the homes.

There have been bidding wars on properties that are priced very well.

However, prices are still down low compared to the height of the market in 2006. But last year the market took a turn upwards so we are no longer at the bottom of the market.

Also you are seeing new construction (new homes) going on over the past year when this was not going on for several years prior.

FYI..I am not a realtor but I am very in tune with the local real estate market.

I think you can pull numbers and see price increases and increase in sales volume as well.

FYI..this past winter, when snowbirds typically double the population in some areas of SW Florida. Well, this past season was the most active snowbird season in the past 20 years. Crowded with folks, many shopping for property to buy, folks eating at restaurants, shopping, etc. You would not have a clue of any economy issues in the country based on the most recent snowbird season. It was busier than the height of the real estate boom.
Totally agree with all of this. I live in the area and the bottom was about 2 years ago. Inventory is VERY low, and prices are inching up. And it's been a banner year for tourism. All kinds of new businesses (even a big mall) getting built, too. I agree, one would never know there were any economic issues when visiting here. I'm not a realtor either, I just keep up with what's going on in my state.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top