March 1, 2015

Florida Property Values

Real Estate Values in Tampa and St. Petersburg

Compare properties in this interactive photo gallery

What will $200,000, $500,000 and $1,000,000
buy in Tampa / St. Petersburg?

The region is nearing a five-year low in available-home listings. In 2007, after the housing bubble burst, there were 18,000 homes on the market in Pinellas County. Now there are 8,000, closer to a typical six-month inventory. Despite fewer listings, home values haven’t risen; concerns persist that a new wave of foreclosures is on the way. The region’s median sales price dipped 9% in 2011 to $120,600. On the positive side, the waterfront condo market throughout the region is picking up. “I believe you can say there’s a slight improvement in the market,” says Jim Selvey, past president of the Greater Tampa Association of Realtors. “But there’s still a long way to go.”

Click any photo to enlarge:

$200,000 $500,000 $1,000,000

Clearwater
Square Feet: 1,802
Bedroom/Baths: 4/2
Age: 35 years
Selling Price: $211,900

This home, on a cul de sac, has a newer roof and a kitchen with new cabinets, granite countertops and stainless steel appliances.


St. Pete Beach
Square Feet: 2,160
Bedroom/Baths: 3/2½
Age: 42 years
Selling Price: $500,000

Fronting Boca Ciega Bay, the home has an updated kitchen, travertine floors and a dock and boat lift.

Tampa
Square Feet: 5,253
Bedroom/Baths: 5/4½
Age: 4 years
Selling Price: $1,033,000

The south Tampa home has marble and wood floors, a theater room and a wet bar.




Tags: Housing/Construction

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Gov Scott has proposed to increase funding to education, and half of those monies will come from property taxes. The debate is: A) is Scott's proposal a tax? Or, B) is Scott just using new monies that would come in because property values are increasing?

  • A) It's a tax
  • B) It's not a tax - only tapping natural increases in revenue

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