Is Buying A House In Tampa A Good Investment?

Yes, buying a house in Tampa is a good investment. If you buy the house and hold onto it for 5 to seven years on average you will have made a profitable investment. An investment property is not a home flipping experience which is very difficult to do for profit in the Tampa Bay area.

Tampa FL

Tampa Real Estate Market & Real Estate Investors

The Tampa housing market is competitive in more ways than one. Many older homes are purchased just for a new one to be built on the land afterwards. As soon as an older home hits the Tampa real estate market it sells if priced right.

Rental Properties Affect The Tampa Market

Another way the Tampa real estate market is greatly influenced is many homes are sold to be rented. Some of the largest financial institutions in the world actually do this. In some parts of Florida entire communities are built just to lease the new homes out. This is a cycle most likely as even the resorts have figured out they should sell the homes and get paid to manage them. This will have an affect later on the real estate markets.

Central Florida & South Florida The Hottest Real Estate Markets

Home prices went soaring as soon as real estate investing became popular. A rental property got more expensive as well. Buyers got more demanding as the median sales price went higher and days on market shrank. In South Florida and in The Villages FL much higher deposits are required when placing an offer. As a general rule in Tampa real estate market 1 to 3% is still the normal deposit.

Tampa Real Estate Investment & Residential Properties

Residential and commercial properties are a good choice. However people from all over the world are watching the residential market here. The Asian population has grown and so has the Hispanic portion. That will not change any time soon. Might it slow? Sure, but Tampa still has so much going for it.

National Average vs Tampa Average Sale Price

Tampa has the weather, beaches, diverse economy, job growth and job opportunities while still maintaining an affordable cost of living and average home value. As rising home prices have confronted us, declining values has stricken northern states that people wish to flee. Currently the cost of single family homes in Tampa is just over the national average sale prices. However, we expect the current housing inventory to grow and affect Tampa home values for a year or so.