SI Real Estate Tampa and The Beaches

SI Real Estate would like to wish our friends, family, clients, and associates a very Happy New Year! We wish you happiness, good health, and prosperity throughout 2014 and beyond. 2013 was a wonderful year for SI Real Estate, and we sincerely thank you for your loyalty and support. As the stabilization of the real estate market continued to improve over the year, it created extreme excitement about what 2014 may hold for the market, especially in our Tampa Bay area. In this blog, we will briefly discuss the most recent events that occurred in the housing market during the final months of 2013, as well as discuss what the real estate industry may see during the year of 2014. Looking Back Due to the short supply of inventory throughout the majority of 2013, the real estate industry witnessed some swift price increases resulting from the increased demand for homes. In response to increased demand, constructing spending reached the highest point the market had seen in the ...

The year of 2013 has proven to be quite eventful for the real estate industry, both in the Tampa Bay area and nationwide.   Over the last nine months, we have been carefully monitoring the market activity and headliners, and planning accordingly in order to stay abreast of real estate from all angles.   Starting Off Strong At the beginning of this year, Tampa’s real estate market continued the upward trend that 2012 produced. Home buyers, and the affordability of housing, were finally receiving some serious recognition, and it was a strong way to begin the year.   The number of homes that were either in foreclosure, or were seriously delinquent, dropped by over 300,000 units from October 2011 to the end of 2012, and the market quickly transitioned towards becoming a seller’s market, which is in part where we are today. Home Values Soar In the first few months of 2013, Tampa experienced an astounding 22% increase in median home sale prices, while the ...