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  • Aaron Barker | Keller Williams -Tampa South Group Blog

    Monday, April 6, 2020   /   by Aaron Barker

    Tampa Real Estate Market and Covid 19 - April Update

    We might have a rough road ahead but it's not all doom and gloom. We hope you and your loved ones continue to stay safe and healthy. The coronavirus continues to dominate every aspect of our lives, and even though it can be hard to stay up to date with the latest changes, we'll try to keep you informed on how it's shaping our local real estate market.

    Tampa Real Estate Market and Covid-19 - April
    Tampa Real Estate Market and Covid-19 - Update
    Posted by Tampa South Group on Friday, April 3, 2020

    While we are expecting one of the worst quarters in history it's not all bad. Goldman sees 15% jobless rate and 34% GDP decline, followed by the fastest recovery in history with a 19% rebound in the third quarter. 

    Tampa sales inventory is down YoY -33.2% leaving an already low inventory significantly lower. Buyer demand combined with the lack of inventory could lead to prices stabilizing quickly and on the rise again before the Fall.  

    Stay tu ...

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    Saturday, March 7, 2020   /   by Aaron Barker

    Impact of the Coronavirus on the U.S. Housing Market

    The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world.

    With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?

    The National Association of Realtors (NAR) anticipates:

    “At the very least, the coronavirus could cause some people to put home sales on hold."

    While this is an understandable approach, it is important to balance that with how it may end up costing you in the long run. If you’re considering buying or selling a home, it is key to educate yourself so that you can take thoughtful and intentional next steps for your future.

    For example, when there’s fear in the world, we see lower mortgage&nb ...

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    Thursday, December 20, 2018   /   by Aaron Barker

    Water Street Development

    There has been a lot of talk about the billions of dollars pouring into Downtown Tampa’s Water Street District, but it is surprisingly difficult to find a cohesive plan of what buildings will be built. Let alone where they will be located. So, we thought we would do the legwork for you, here are the buildings getting the biggest buzz:
    (the tab number corresponds with the location on the map above)

    1. Marriott Waterside: The existing Marriott Waterside is joining in on the development with a $40-million renovation, changing everything from their rooms and restaurants to the landscaping—taking advantage of the hotel’s prime waterfront location. When the Waterside was first built in 2000, the concept of a sports bar was still unique and drew patrons in for big games, but with expansive cable packages available to everyone in their own home these days, that concept has become worn and dated. So, say good-bye to “Champions,” and sa ...

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    Thursday, December 20, 2018   /   by Aaron Barker

    The Selmon Expressway Extension

    The Selmon Extension has been causing traffic havoc on Gandy Boulevard for months, but here’s the plan.

    A 1.9-mile toll lane will be in the median of Gandy Boulevard connecting the Selmon Expressway to the Gandy Bridge. Towering 30 feet above the median with one lane in either direction separated by a median to allow emergency service access (see the diagram below for dimensions and details), the new bridge is scheduled for completion in early 2020. In virtual town hall meetings hosted by the builder, local residents voiced concerns that the overhead, which extends over the entirety of Gandy Boulevard, is turning one of South Tampa’s major thoroughfares into an eyesore. Residents also expressed concern that sound intrusion into nearby neighborhoods might lower property values. The builders believe they have addressed all concerns.

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    Thursday, December 20, 2018   /   by Aaron Barker

    South Tampa Development

    South Tampa has turned into a giant construction zone with continuing road projects, new condominium development along both the southern stretch of Westshore Boulevard and Bayshore Boulevard, and the Selmon Expressway extension. Luxury condos seem to be the name of the game in builder development as developers try to distinguish themselves with exclusive design features. Here are the most talked about residential construction projects soon to hit the South Tampa market.

    The southern stretch of Westshore Boulevard has been experiencing a construction boom where builders and developers are turning old and abandoned stretches of land or condo buildings into luxury condos and townhomes:

    The Westshore Marina District: is being built just south of Gandy Boulevard and will be a truly luxury escape. The Marina District will feature waterfront condominiums, luxury townhomes and apartments, a waterside bar,adeep-waterdock, a guest dock, a second waterfront restaurant and bar ...

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