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Are Seller's Hitting Pause? Tampa Bay's September 2024 Market Report
Tampa Bay Real Estate Market Update | September 2024
In this month’s market update, we dive into the slow-moving Tampa Bay real estate market, where many potential buyers and sellers are sitting on the fence, waiting for the right moment to act. Despite the cautious atmosphere, the market presents unique opportunities for those ready to make informed decisions. Whether you're considering buying, selling, or simply curious about your property’s value, we’re here to break down the latest market trends and statistics to help you strategize your next move.
Key Highlights:
- Pinellas County (St. Pete/Clearwater areas): 868 single-family homes sold with an average sales price of $641,797. It’s still a seller’s market, but with more homes staying on the market longer, buyers have time to make smart decisions.
- Hillsborough County (Tampa area): 1,452 single-family homes sold at an average price of $414,052, with a 3.4-month supply of inventory. The market here continues to show resilience, giving both buyers and sellers opportunities.
- Condo Market Trends: While the condo market in Pinellas is stabilizing, Hillsborough saw a 28.4% year-over-year price increase, driven by luxury sales at The Ritz-Carlton Residences and Altura Bayshore.
If you’re a buyer, now is a powerful time to negotiate, with interest rates starting to dip and ample time to explore your options. For sellers, while the market has shifted from the fast-paced gains of previous years, homes that are competitively marketed can still stand out and sell.
When is the right time to act?
Whether you're thinking of selling or buying, it’s important to have the right strategy in place. Waiting too long could mean missing out on opportunities. As interest rates begin to drop, there’s pent-up demand ready to pounce, and you don't want to be left behind.
Want to know your property’s value?
We can provide an accurate estimate and help you navigate the current market conditions. Reach out today, and let’s have a conversation about your real estate goals.
Read the full report on our website: thetenpennycollection.com/opportunities-and-insights-of-tampa-bays-slow-real-estate-market/
💬 Let’s Talk Real Estate
If you’re considering your next move, don’t wait-reach out to me for expert guidance. With over 20 years of experience in the Tampa Bay real estate market, I’m here to ensure you make informed and confident decisions.
✅ Subscribe to stay updated on the latest market trends, property listings, and real estate tips. Hit the notification bell to never miss an update on Tampa Bay’s real estate market!
Contact Rachel today at (727) 742-7939 for personalized advice, market insights, or just to chat about your next move! Let's make your real estate goals a reality.
Переглядів: 356

Відео

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КОМЕНТАРІ

  • @loriw.5903
    @loriw.5903 14 днів тому

    Amen

  • @christinebunnell6489
    @christinebunnell6489 14 днів тому

    This is awesome Rachel… Well done ❤

  • @alexandercole7255
    @alexandercole7255 14 днів тому

    #StPeteStrong💪🏼💪🏼

  • @TheTenpennyCollection
    @TheTenpennyCollection 14 днів тому

    DONATE NOW: www.amazon.com/registries/gl/guest-view/1UJ3MPDLUBO5Q

  • @TheTenpennyCollection
    @TheTenpennyCollection 14 днів тому

    DONATE NOW: www.amazon.com/registries/gl/guest-view/1UJ3MPDLUBO5Q

  • @brocbellmore2091
    @brocbellmore2091 17 днів тому

    Cringe

  • @JackCostello-q5x
    @JackCostello-q5x 17 днів тому

    Capitalize of someone’s misfortune…..

    • @TheTenpennyCollection
      @TheTenpennyCollection 17 днів тому

      Exactly NOT what I’m doing but I appreciate your comment. It is common not to trust someone is actually just trying to help. We are bombarded by spam and fraud all day long. After going through over 30 homes and physically helping them remove their water soaked debris, I realized they had so many questions and no one to turn to for the answers. My only goal is to be a sounding board to help my community make the best financial decisions to help them move forward. Thank you

  • @audreymichele2138
    @audreymichele2138 Місяць тому

    Great info! Waiting for buyers to come out of the shadows has been a slow game but hopefully as interest rates drop we’ll see an increase in demand

  • @jonathankelly2702
    @jonathankelly2702 Місяць тому

    This is a helpful assessment of the current market. The closer interest rates get to 6%, the more likely the market will move.

  • @michaelcocolla5180
    @michaelcocolla5180 2 місяці тому

    Fantastic analysis!

  • @ericaforster6037
    @ericaforster6037 2 місяці тому

    This is a beautiful house!

  • @michaelcocolla5180
    @michaelcocolla5180 2 місяці тому

    Excellent video! The staging is terrific.

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Thank you! We had help from our designer friends at Annabelle's Fine Furniture

  • @hanacozad626
    @hanacozad626 2 місяці тому

    Wow the most stunning house!!

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Thank you Hanna! Please come by our open house on Saturday to check it out!

  • @CourtneyBarkett
    @CourtneyBarkett 2 місяці тому

    Love the guest quarters that can be closed off when not in use, but then again, with that gorgeous backyard oasis, this home and guest quarters will always be occupied ❤

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Exactly! The backyard is perfection. Please come to the open house on Saturday. You will love this home!

  • @dkame1851
    @dkame1851 2 місяці тому

    If i had that pool I'd never want to leave my house

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Us either! The seller's did an incredible job on the renovation.

  • @RealityTrailers
    @RealityTrailers 2 місяці тому

    Wow.

  • @donnaleecole9251
    @donnaleecole9251 2 місяці тому

    What a luxurious and spacious home. I would love to come home from work and relax in the pool or wake up to the beautiful view! So well appointed!

  • @elisecole270
    @elisecole270 2 місяці тому

    What a beautiful house, hopefully that will be in my budget soon

    • @RealityTrailers
      @RealityTrailers 2 місяці тому

      Already is in your budget. Tom Kearin knows.

  • @alexandercole7255
    @alexandercole7255 2 місяці тому

    A view I’m dreaming about. St. Petersburg is the best city ever to live in and this property is definitely one of my favorites. Location is prime👍🏻

  • @alexandercole7255
    @alexandercole7255 2 місяці тому

    Obviously the back yard is amazing but I love that kitchen too!! Awesome place to live

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Every detail has been meticulously upgraded throughout, from the gourmet kitchen with quartz countertops, GE Monogram appliances, and high-end finishes, to the luxurious primary suite that opens to a backyard oasis.

  • @JonathanKelly-g2j
    @JonathanKelly-g2j 2 місяці тому

    If I lived in this house, I would never leave the amazing pool and patio area. And yes, when you move to Florida, EVERYONE wants to visit. Separate guest quarters make it so manageable.

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Besides the pool, the guest quarters has to be my favorite part of the home! With attached laundry & kitchenette, it is the perfect place for guest to come and soak up the summer sun!

    • @alexandercole7255
      @alexandercole7255 2 місяці тому

      I agree. It’s almost like the outside world doesn’t exist when you’re in the back yard. It’s so relaxing!

  • @audreymichele2138
    @audreymichele2138 2 місяці тому

    Where is the home located?

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Located in Pelican Island Gated Community. Minutes away from Rock Point Golf Course, International Mall, Tampa International Airport & more.

  • @alexandercole7255
    @alexandercole7255 2 місяці тому

    Awesome short!😊 What’s the going interest rate?

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      It is hovering around 6.5% right now. The lowest it has been in over a year. Are you ready to start looking for your new home?

    • @alexandercole7255
      @alexandercole7255 2 місяці тому

      @@TheTenpennyCollection thank you!! Just about! When I am ready,I will definitely be using you!

  • @SergeOsaulenko
    @SergeOsaulenko 2 місяці тому

    I saw that AirBnB did not meet their earnings projections. So now I am wondering if the individual owners of short term rentals are going to start feeling the pain of operating at a loss and bring all that inventory to the market. What do you think?

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Great observation Serge. I read the same regarding AirBnB. I've seen several of these properties hit the market over the past year. I'm curious how much inventory is actually short-term rental. I don't know if it will make a major impact on the market.

  • @hanacozad626
    @hanacozad626 2 місяці тому

    SO helpful!!! Great video

    • @TheTenpennyCollection
      @TheTenpennyCollection 2 місяці тому

      Thanks Hanna! We are glad to know the information was helpful! Please let us know if there are additional market insight you are interested in learning.

  • @TheTenpennyCollection
    @TheTenpennyCollection 3 місяці тому

    Join us for an Art & Home Exhibit on August 1st between 5-7PM. This exclusive evening will be over 4000SF of original artwork in this $7.3m waterfront masterpiece. Highlights of the evening will include live interactive painting by local award-winning artists Richard Seidel and Alli Arnold, a raffle for a fine art piece, and a curated collection of artwork showcased throughout the home. Experience the fusion of fine art & luxury living. We hope to see you there. Contact Rachel at 727-308-1669 for more information.

  • @dkame1851
    @dkame1851 3 місяці тому

    What a stunning view 👏🏼

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      The views are stunning! This building is one of the only ones in downtown St. Petersburg that offer east and west views from multiple balconies.

  • @dkame1851
    @dkame1851 3 місяці тому

    Love it 👏🏼

  • @chikken_soup
    @chikken_soup 3 місяці тому

    Location is the only thing I dislike about this property.

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      Please tell me more. This is a prime location in Tampa Bay. It offers protection yet open to Tampa Bay. What about the location do you not like?

    • @chikken_soup
      @chikken_soup 3 місяці тому

      @@TheTenpennyCollection the house sits right next to the bridge

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      @@chikken_soup Yes but there are only 10 homes on this cul de sac. Very little to no traffic on this bridge.

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      ​@@chikken_soup what bridge in particular are you referring to? This home is conveniently located minutes away from downtown st pete but is 10-15 minute drive to the Howard Franklin or Sunshine Skyway

  • @teresaadkins-c6i
    @teresaadkins-c6i 3 місяці тому

    Life goals. Gorgeous home!

  • @alexandercole7255
    @alexandercole7255 3 місяці тому

    Awesome house🤩 the interior is so nice!!!

  • @SandraThompson-h1z
    @SandraThompson-h1z 3 місяці тому

    Beautiful

  • @jennathompson1344
    @jennathompson1344 3 місяці тому

    I love the light feature on the stairs 🤩

  • @michaelthompson1304
    @michaelthompson1304 3 місяці тому

    That’s a good looking house! Is there room for a pool?

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      YES! There is room for a pool. The builder will work with the new homeowner to have a pool installed.

  • @KristyPrioli
    @KristyPrioli 3 місяці тому

    This was very informative! Thank you!

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      We are glad you find the information useful. Please make sure to subscribe. Our Tampa Bay market update comes out on the first Tuesday of ever month.

  • @carlosalejandrobejaranocar4955
    @carlosalejandrobejaranocar4955 3 місяці тому

    BEAUTY AND AMAZING HOUSE THANK YOU FOR THE VIDEO SALUTED FROM PUERTO CORTES HONDURAS

  • @AleshaBinkley-w1z
    @AleshaBinkley-w1z 3 місяці тому

    Beautiful condo! Perfect location!

  • @TheTenpennyCollection
    @TheTenpennyCollection 3 місяці тому

    🏠 Reserved Showings: Join us for an exclusive showing this Saturday, July 20th, from 11:00 AM to 1:00 PM. Contact 727-742-7939 to preview the property. Don't miss the chance to experience this luxurious property in person!

  • @20SomethingCEO
    @20SomethingCEO 3 місяці тому

    The parties I would have here would be insane

  • @alexclark9492
    @alexclark9492 3 місяці тому

    Fun Fact: I grew up wanting to be an architect thanks to FLW. This house is my dream. Love it! 🥰

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      Thats awesome! We're having an Art & Home Exhibition here in the beginning of August and will be sure to invite you 😃

  • @alexclark9492
    @alexclark9492 3 місяці тому

    *googles how to make $3.69M in 24 hours* 😍😍😍

  • @audreymichele2138
    @audreymichele2138 3 місяці тому

    I love the custom backsplash. The kitchen is gorgeous!

  • @christinacarter5269
    @christinacarter5269 3 місяці тому

    Wow! Absolutely gorgeous! ❤

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      @@christinacarter5269 thank you. Would you like a private tour. You can message us directly at 727.742.7939

  • @RiverG-h5m
    @RiverG-h5m 3 місяці тому

    You’re the best realtor in St Pete

    • @TheTenpennyCollection
      @TheTenpennyCollection 3 місяці тому

      Thank you! Looking forward to helping you sell your property soon!

  • @MaureenGlasgow-i7z
    @MaureenGlasgow-i7z 3 місяці тому

    Stunning view!

  • @jonathankelly2702
    @jonathankelly2702 3 місяці тому

    I first stumbled upon this house in 2022 when I moved from Boston to St. Pete and this neighborhood. Now that I've spent time inside, and outside, it lived up to the "wow" I felt the first time I saw it from the street.

  • @SWWolfe
    @SWWolfe 3 місяці тому

    😮 stunning 😍

  • @New2StPeteII
    @New2StPeteII 3 місяці тому

    What a beautiful condo! Great layout and perfect location!!!!

  • @hanacozad626
    @hanacozad626 3 місяці тому

    Stunning!! I want to buy 🤣🤩

  • @JonathanKelly-g2j
    @JonathanKelly-g2j 3 місяці тому

    Rare to find a luxury condo in Downtown St. Pete with wonderful water AND city views.