RE/MAX finds Tampa housing prices kept soaring in August (Miami: sale, homes)

[AngelaRetired]

Any opinions?

I am happy for Tampa!

16 hours ago (Saturday - September 17, 2022)

While parts of the nation are seeing falling home prices, the Tampa, Florida area isn't one of them, according to a new RE/MAX housing report.

According to the August report, Tampa ranked second in the nation in year-over-year price gains with median home sale prices rising from $310,000 in August 2021 to $370,000 in August 2022, a growth of 19.4%.

***there is more text to this article***

RE/MAX finds Tampa housing prices kept soaring in August

https://www.abcactionnews.com/news/r...ring-in-august

[AngelaRetired]

Originally Posted by Liquid State

Are you sure?

Denver is also seeing a dip, with 55.1% of sellers lowering home asking prices. Some 51.6% of sellers in Salt Lake City and 49.5% of sellers in Tacoma, Wash. recently cut prices. Other metro areas that are following this trend include Grand Rapids, Mich. (49.3%), Sacramento (48.7%), Seattle (46.3%), Portland, Ore. (45.7%),Tampa, Fla. (44.5%) and Indianapolis (44.1%).

https://www.forbes.com/sites/reneemo...h=c2aac76417b5

Hi Liquid State, no I am not sure, just going by what article stated. Thanks for additional info! Angela

[AngelaRetired]

Originally Posted by Liquid State

Well, seeing how the report was from RE/MAX, that's understandable.
They want to keep the party going.

[MortonR]

Redfin has similar data:

https://www.redfin.com/city/18142/FL...housing-market

RM

[AngelaRetired]

Originally Posted by MortonR

Redfin has similar data:

https://www.redfin.com/city/18142/FL...housing-market

RM

Hi Morton, thanks for link! Angela

[MortonR]

Originally Posted by AngelaRetired

Hi Morton, thanks for link! Angela

You're welcome.

Be sure to use the drop-down so you're looking at single family homes and not the aggregate for the area.

RM

[AngelaRetired]

Originally Posted by MortonR

You're welcome.

Be sure to use the drop-down so you're looking at single family homes and not the aggregate for the area.

RM

[Atari2600]

Originally Posted by AngelaRetired

Any opinions?

I am happy for Tampa!

16 hours ago (Saturday - September 17, 2022)

While parts of the nation are seeing falling home prices, the Tampa, Florida area isn't one of them, according to a new RE/MAX housing report.

According to the August report, Tampa ranked second in the nation in year-over-year price gains with median home sale prices rising from $310,000 in August 2021 to $370,000 in August 2022, a growth of 19.4%.

***there is more text to this article***

RE/MAX finds Tampa housing prices kept soaring in August

https://www.abcactionnews.com/news/r...ring-in-august

Weighing the pros and cons, I think ultimately it's a good thing.


For whatever the reason... Hillsborough County was always viewed as a poor county years ago compared to some of the other counties in Florida. Home values in the not too distant past were almost half of what they were in Miami / Fort Lauderdale. So it became VERY affordable to many people in the rest of the country who wanted to move to Florida. Because of this... you had a massive, massive influx of people moving here, without decent infrastructure to support them.



The continued increase in prices means people still want to move here, but it also makes it less affordable for new people to move here, meaning that the city will hopefully have time to catch their breath on infrastructure projects. At least I hope...



Certainly, it's good if you are still selling...

[MortonR]

Originally Posted by Atari2600

Weighing the pros and cons, I think ultimately it's a good thing.


For whatever the reason... Hillsborough County was always viewed as a poor county years ago compared to some of the other counties in Florida. Home values in the not too distant past were almost half of what they were in Miami / Fort Lauderdale. So it became VERY affordable to many people in the rest of the country who wanted to move to Florida. Because of this... you had a massive, massive influx of people moving here, without decent infrastructure to support them.

The continued increase in prices means people still want to move here, but it also makes it less affordable for new people to move here, meaning that the city will hopefully have time to catch their breath on infrastructure projects. At least I hope...

Certainly, it's good if you are still selling...

It’s not the city but the County who needs to up their infrastructure game, and that’s not happening, nor will it for some years, if ever.

The County commissioners played “footsie” with developers for decades, and as a result between that and the financial crisis of the 2008-2012 years we'll always be in “catch-up” mode.

Projects being done right now are as old as 20 years, to give you an idea of how bad it is.

RM

[Atari2600]

Originally Posted by MortonR

It’s not the city but the County who needs to up their infrastructure game, and that’s not happening, nor will it for some years, if ever.

The County commissioners played “footsie” with developers for decades, and as a result between that and the financial crisis of the 2008-2012 years we'll always be in “catch-up” mode.

Projects being done right now are as old as 20 years, to give you an idea of how bad it is.

RM

Yeah, I remember you posting something about this somewhere. it sucks... it really does. Fishhawk (and I'm sure other communities) need better infrastructure. We need two lanes going down whatever this road is outside of Fishhawk, and Lithia Pinecrest.