It’s no secret that Tampa Florida real estate is emerging as Florida‘s best market to buy and own a holiday home. A Tampa Florida home is the perfect getaway to everything that is most memorable, thanks to its close proximity to golden beaches, stylish nightlife, and top-shelf family attractions. The cornucopia of galleries and museums cater to every age and interest, while the breezy Riverwalk gives the city a sophisticated edge with a trail of culture, fun, and beauty. Whatever your expectations, “The Big Guava” promises the best. Here is what to expect from Tampa real estate market.
A Variety of Properties
There is nothing to dispute that Tampa Florida real estate offers some of the best neighborhoods in the Sunshine State. These run the gamut from Downtown Tampa, Seminole Heights to Tampa Palms – all with different types of properties to choose from. Whether you’re looking for a single-family home, multi-family townhouse or condo with modern amenities, this charismatic slice of Florida has it all. Even better, a Tampa FL real estate agent can help you with rental strategies; rent it out as a long-term investment property or via Airbnb. Either way, this will yield a substantial return on investment.
Thriving Tourism Industry
Tampa is not only a fast-growing metropolitan area but also an attractive tourist destination. Tourism here plays a significant role in the diverse local economy. There’s a abundance of attractions such as landmarks, nature parks, eateries and museums to visit in Tampa. The most recent available data from Visit Tampa Bay shows that more than 22.9 million tourists came to Hillsborough County in 2017 with visitor spending increasing by 3.8%. Perhaps this is another reason why you should consider investing in Tampa real estate. The tourist influx is an obvious sign that you’ll always have a large pool of tenants even if you choose to rent out your property on short-term residential contracts.
Increasing House Prices
The median value of residential properties in the Tampa real estate market is $216,100, according to Zillow.com. Although the housing market has a healthy balance of buyers and sellers, the price of holiday homes is growing at a fast pace. Rent per month is also increasing. 2018 data from Trulia.com shows that the median sales price of properties in Tampa increased by 9% year-over-year while the rents rose by 5 percent. That means now is the best time for holiday home buyers to get hold of properties and rent them out as rental homes or tourist accommodations. Later on, sell them at a higher prices for better prospects.
A Vibrant Living Environment
Tampa city is one of the most diverse destinations with superb shopping, fantastic fohigher pricesod and amazing adventures for the entire family. You can treat your taste buds to Tampa flavors at trendy eateries or visit powdery, sun-drenched beaches if you are yearning for a dose of sand and sunshine. Nightlife here is live! No matter the age group or individual taste, there is no shortage of entertainment activities. You can tempt your palate at Ybor city, one of Tampa’s hottest nightlife neighborhoods, or try your hand at some of the area’s most unique nightspots like Channelside and Improv Comedy Theatre.
Invest In Tampa Florida Real Estate with Tampa Bay Realty
Whether you’re looking to buy a condo with great ocean views or a family-sized home with well-equipped kitchens, stylish décor, and spacious suites, Tampa real estate market can deliver. Contact us today to talk to our professional, caring and experienced team. We will help you find your first holiday home or investment property in your neighborhood of choice in Tampa.
