Saint Petersburg, FL, January 24, 2014 --(PR.com
)-- Experts see sharp turnaround in Tampa Bay real estate market this year.
From all accounts, 2014 is shaping up to be a banner year for real estate in St. Petersburg.
National real estate and housing market experts agree that housing prices will likely rise this year. Both the Kiplinger Report and Fitch Ratings predict a steady - but not explosive - rise in home prices in most parts of the country. And the National Association of Realtors specifically cite the Tampa Bay market as one of ten to watch for a turnaround this year.
“The downtown market is booming as more and more people come to St. Pete and experience the lifestyle. It is full of entertainment, activity, culture, community and sunshine” says Kelly Fenton, Realtor with Keller Williams Realty St. Pete and onsite sales associate with the Sage condominiums. “The housing market has recovered substantially and we are finding more people want the security of homeownership. From the sales success we have experienced so far, the value, comfort and convenience is here at the Sage”.
“With downtown St. Petersburg emerging as an entertainment and recreation destination over the last few years, it’s only natural that more and more people would want to live where they play,” Fenton stated. “The Sage is right in the heart of where many work, play and relax. We are continuing to see demand outpace inventory.”
“And of course, since we’re already an established community, new residents can move right in,” she adds. “No need to wait for construction to finish.”
Indeed, many of the new projects permitted in St. Petersburg during 2013 - which citywide amounted to $400 million worth of new construction, according to the city’s own website - are residential buildings in and around the downtown core. “Late 2012 we started seeing strong signs of buyer demand in the $300,000 to $500,000 price point,” says Rachel Sartain, managing broker of Keller Williams. “I am delighted we now have such a high-quality, elegant choice for condo buyers in the area”.
The Sage St. Petersburg is a sophisticated condominium community in the heart of downtown St. Petersburg. Featuring a prime location as well as all the comforts and amenities discerning residents expect, The Sage is the new standard in St. Pete living. Contact Kelly and the Sage Sales team at 727-342-0677, or visit The Sage’s website at www.TheSageStPete.com.