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Tampa Bay FL Luxury Real Estate Market Update And More
Dated: October 4 2017
The Tampa Bay FL Real Estate Market Update
At The Sandy Hartmann Group, we want you to know that we will constantly keep you and all of our valued clients updated on any real estate market shifts or trends.
The Tampa Bay real estate market is one of the strongest housing markets in the country, however, like any real estate market, shifts are inevitable from time to time. According to the article below, the 1st time home buyer real estate market and the 'trade-up' real estate market in Tampa Bay continues to represent a strong seller's market, due to low inventory and many buyers trying to acquire a home in this price bracket.
When it comes to the luxury real estate market however, the national trend is beginning to show signs of change. Over the past 6 months, there has been a surplus of premium or luxury homes for sale and not nearly as many home buyers purchasing homes in the luxury housing market. When comparing these different real estate markets, the article below explains simply that premium home buyers "have the best chance of less competition and more inventory of listings in their price range with a 14.7-point surplus, which is creating more of a buyer’s market." This is great news for home buyers searching for luxury properties in Tampa Bay, but not such great news for the home sellers. Click on the chart below to see the full article for more details:
As always, at The Sandy Hartmann Group, we are here to answer all your real estate questions. If you're thinking of buying a home or selling a home in the Tampa Bay, FL area, contact us today so we can provide you with a comprehensive market analysis specific to your area.
Andrea is the Managing Partner of The Sandy Hartmann Group and runs the team alongside Sandy Hartmann. She would love to talk to you about real estate! Andrea was born and raised in the Tampa Bay a....
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