Tampa Exclusive Real Estate News & Info - January, 2023

Why Is South Tampa So Expensive?

According to economics 101, ultimately a property is worth what a Buyer will pay, so we could just say that properties are more expensive in South Tampa because buyers are willing to pay more. However, why are buyers willing to pay more for a home or condo in South Tampa and what are the microeconomic forces affecting pricing? Ultimately, that comes down to the Supply and Demand curve. In general, if demand is higher than supply, prices will increase. Visa versa, if Supply is greater than Demand then prices will decline, and if there is an equilibrium, then prices will stay relatively flat. In short, prices are higher in South Tampa because Demand is higher relative to Supply. Also, keep in mind many of the micro markets in Tampa Bay move in tandem with…

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What Does $500,000 Get You In South Tampa?

Are you wondering what kind of home you can purchase in South Tampa for a half million dollars ($500,000)? Here are your current options in the South Tampa Zip Codes of 33606, 33609, 33611, 33616, and 33629.

*listings are updated in real time (so even if you look at this post a year from now, the listings will be current).

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Tampa High-rise Development Projects 2023

Downtown Tampa

Pendry Residences Tampa

This site is no stranger to proposed developments. Locals will remember the early 2000's when a Trump Tower was proposed and actually broke ground in 2006 before they faced environmental challenges and the housing collapse of 2007. The tower never went vertical. Pendry Residences Tampa promises to bring a collection of fully-serviced luxury residences with sweeping city and water views from every meticulously designed unit. Residents will enjoy a dedicated staff, focused on delivering the highest standard of comfort, privacy, and luxury. Similar to the Edition in Water Street, Pendry Residences will be a 37-story, condo-hotel, with approximately 207 private luxury condominium residences atop the 5-star hotel’s…

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Jeramiah Bustin and Shane Vanderson become part of Engel & Völkers Dedicated Professional Athlete Advisory Group

Jeramiah Bustin and Shane Vanderson become part of Engel & Völkers Dedicated Professional Athlete Advisory Group.

Falling within the luxury real estate brand’s esteemed Private Office designation, this exclusive group of real estate professionals will specialize in supporting the distinct needs of professional athletes.

Engel & Völkers announced today the launch of its Professional Athlete Advisory Group with the mission to deliver signature services and solutions to fit the unique real estate needs of professional athletes. The newly launched advisory group is part of the brand’s existing Private Office designation, which specializes in servicing the top segment of the global real estate market with expertise and discretion. The Private Office…

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Forbes Names Tampa Best City To Live In Florida

It comes as no surprise to Tampa residents, but Forbes has recently named Tampa the best city to live in Florida. 

Forbes noted Tampa Bay's pristine beaches on the Gulf of Mexico, major sports teams (Tampa Bay Rays, Tampa Buccaneers, Tampa Lightning, and Tampa Bay Rowdies), history museums, platforms promoting the arts, and impressive public transportation options.

We are sure Tampanians like the recognition the region has been getting in recent years, as this hidden secret gem becomes no longer a secret.

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