– Tampa’s 3 Hot Real Estate Communities –
As the Greater Tampa Bay Area enters our hottest days of summer, we are highlighting the hottest types of real estate communities around Hillsborough, Pinellas, and Pasco Counties.
Tampa Area Benefits for Buyers and Sellers
Our region steadily offers a fantastic seller’s market and a resilient buyer’s market due to our wide array of established communities, thriving new districts, and construction developments. The cost of living in Tampa is also nearly 10 percent lower than the national average for comparable metro areas. Additionally, attractive interest rates are keeping things moving this summer. The Federal Reserve left interest rates unchanged as of its June meeting, leaving 30-year mortgage rates hovering between 3.5 and 4 percent this month.
Florida’s Prime Locations and Community Types
The top reason the Greater Tampa Bay area’s real estate market remains hot is because there are attractive homes, investment opportunities, and thriving communities across our region:
- Gulf Coast Beach Communities: Have we not all dreamed of a home near the beach? The power and beauty of the Gulf of Mexico brings many people to live on its shores – for good reason. With cities like Clearwater and St. Pete alongside quaint towns like Dunedin and Tarpon Springs, Pinellas County delivers coastal living at its finest. You can find countless communities with beautiful single-family homes, townhouses, and condominiums in a wide range of prices for any budget. Notably, Apollo Beach in southern Hillsborough County is also seeing a boom in construction and new residents wanting waterfront homes.
- Downtown Tampa Residences: Sometimes the best home is right in the city center or urban corridor. It helps that our downtown high rises also overlook the glistening waters of the Hillsborough River and Hillsborough Bay. Districts like Channelside and Tampa Heights are attracting everyone from office workers to snowbirds. City life offers convenient access to restaurants, shops, theatres, waterways, and public transportation. Nearby districts including Seminole Heights, SOHO, Hyde Park, and Ybor are also continuously attracting residents with local shops and trendy new cafes popping up on every corner.
- Florida Suburban Homes: You can enjoy great schools, shopping, and dining in Tampa’s far-stretching suburbs. Places like Carrollwood and Riverview in Hillsborough, or Land O’ Lakes and Wesley Chapel in Pasco County, all offer an ideal balance for those who want privacy and green space in a traditional neighborhood setting. Pool homes with small-to-medium-sized yards are common in suburban communities across our area, but these days you can also find a variety of new condos and townhouses in our suburbs, including many fabulous 55+ active-living communities. There is no shortage of home styles and property options across Hillsborough, Pinellas, and Pasco Counties.
Location and Timing are Keys to Success
In addition to location, personal timing is crucial for the buying and selling process. As real estate professionals, we make ourselves available to consult with customers regarding the best options available, whether that means aligning you with a mortgage consultant or showing you a wide array of home and neighborhood options throughout the Greater Tampa Bay Area.