Housing demand on rise in Florida, Pasco

Construction sites along Pasco County’s major corridors are part of everyday landscape. Bulldozers clear land and work crews move in with hammer and nails. Pasco is awash in new single-family homes under construction, and to a lesser degree, apartment complexes. But, market trends show that the supply of new homes is lagging behind demand. That’s a change from the housing bubble that … [Read more...]

Foreclosures falling in Florida

For far too long, Florida led the nation when it came to residential foreclosures. But no more. Maryland saw its foreclosure filings explode in October by 30 percent compared to the previous year, and its 5,943 properties in limbo made it the worst in the nation, pushing Florida to No. 2. Yet, one in every 444 properties are in foreclosure, according to Florida Realtors and RealtyTrac. That … [Read more...]

Home sales, prices up in Tampa Bay region

It's nothing but positives in September for the Tampa Bay housing and condominium market, as both sales and median prices have gone up. The latest report from Florida Realtors shows existing home sales are up 11 percent, and condo sales grew more than 4 percent compared to a year ago. Median sales for the area that also includes Pasco County also rose more than 3 percent for existing homes, and … [Read more...]

Families returning to home market, Realtors say

Single-family homes remain on the rise for the greater Tampa Bay area, while sales of townhouses and condominiums continue to slip. Just under 3,600 homes sold in the region that includes Pasco County last month, according to Florida Realtors, up nearly 4 percent from a year ago. That's despite the median sales price staying the same at $160,000. Condos dropped a little more than 1.5 percent … [Read more...]

Housing market up, condo sales down locally

Nearly 15,000 existing homes and condominiums changed hands in the greater Tampa Bay area during April, May and June, showing promising housing market trends despite a drop in overall condo sales. The region — which includes Pasco, Hillsborough, Hernando and Pinellas counties — sold 3,733 condos in the second quarter, down more than 5 percent from the year before. The median sales price, … [Read more...]

Mixed recovery messages from local housing market

Condominium sales in the Tampa Bay region are down, but prices are on the rise as home sales continue their long recovery in the state. The median sales price of a condominium in the region, which includes both Pasco and Hillsborough counties, was $110,000 in May, up nearly 13 percent from the year before, according to a new report from Florida Realtors. The number of closed sales dropped … [Read more...]

Home prices on the rise in Pasco, Hillsborough

Sales of existing houses and condominiums might be on the decline in the Tampa Bay area, but that's not stopping prices from going up. The median sales price of an existing single-family home was $150,000 in March, according to a new report from Florida Realtors. That's up more than 4 percent from a year ago, while condo prices rose 14 percent to $105,000. Yet, sales were down in both … [Read more...]