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St. Petersburg FL Real Estate News and Blog

New Listing: 1119 W Cypress St.

1119 W Cypress Street - Tampa

Listed by: Julie Lane  |  List Price: $330,000

Adorable, modernized (without loosing its original charm) bungalow in North Hyde Park. Located in demanding Plant school district with new construction projects happening all around. Built up on a hill tucked away from the street with alley access and a fresh oversized paver parking pad in the back. This sweet home has beautifully restored original hardwood floors, crown molding, new windows and doors. Larger bedrooms, lots of closets, with a brand new kitchen and...

Can You Make Money Buying Pre-Construction Downtown Condos?

Don't wait to buy real estate, buy real estate and wait.

                                                                                                T. Harv Eker

Many people try to make money playing the pre-construction game. This is where you get in early on downtown condo project, neighborhood or other new build in hopes of making money by the time the property is completed. You see this more often in new downtown condo towers because they typically take about two years to build. ...

Downtown St. Pete Sales Up Big in May

The chart below shows downtown St. Pete real estate statistics from March 2016 to May 2017.

Take a look at how much the inventory of homes and condos for sale in downtown dropped in the month of May. Compared to April, the number of properties for sale in zip code 33701 dropped 18% and is about 13% lower than May of 2016. 

Sold properties were up 7% when compared to April 2017 and a whopping 87.5% higher than the same month a year ago. The Pended (under contract) properties increased 36% from April 2017 and is 47.8% higher than May of 2016. 

The Average Sold Price per Square Footage was up 3.9% compared to the previous month and down 1.5% compared to last year. The Median Sold Price increased by 5.6% from last month. The Average Sold Price also increased by 12.4% from last month. Based on the 6 month trend, the Average Sold Price trend is "Neutral" and the Median Sold Price trend is "Neutral".

The Average...