Home Prices on the Rise: Has the Seminole Heights Market Stabilized?
There’s good news on the real estate front throughout America and right here in the Tampa Bay area. But, do you think the trend applies to Seminole Heights?
After years of stagnation, real estate analysts are finally reporting some good news on the home front.
According to Bloomberg, home prices rose more than analysts initially thought they would year-over-year in July.
“The S&P/Case-Shiller index of property values in 20 cities increased 1.2 percent from July 2011, the biggest 12-month advance since August 2010, a report from the group showed today in New York,” Bloomberg reported.
Analysts anticipated a 1.1 percent gain. While that .1 percent might not seem like a lot, it’s translating to seemingly good news in the Tampa Bay area.
The Tampa Bay Times reported that local home sales were up 12 percent in July over reports from July 2011. The median sales price also grew by 8 percent, bringing that number to $130,000.
Do you think the Seminole Heights housing market is following the trend? Cast your vote in our poll or add your comments below.
Heike Doiron
11:11 am on Wednesday, September 26, 2012
Seminole Heights niche is bungalow neighborhoods and a small community culture. The support of small business and boutique shops will strengthen the appeal. The fewer big box conglomerate super stores, the better! Seminole Heights can attract more home buyers with specialty shops and neighborly appeal. This is why I moved here!
Denise Preziosi
4:35 pm on Thursday, October 25, 2012
Check out where Orange Blosom and Hanna meet......take a look at the piece by piece driveways they have placed in the homes on the corners. They are really making it look good. The one house pulled all the plants and bushie things down and has had sod put down.....................looks great
Denise Preziosi
4:35 pm on Thursday, October 25, 2012
I have a duplex and it is up for rent now. I see a lot of homes right on Hanna E, which is a main street with for rent signs. I'm not sure if folks are still loosing their homes or if investers are buying them. I have worked the same job for 25 years and the economy is really rough. I am right near Publix and public transportations. Two houses on the corner of Orange Blosom have recently sold and they are both working on them and improving the property. So I do see the value has gone up slightly......but still lots of rentals. I believe the economy is still sufferring.