Tampa housing market heats up, with million-dollar properties re-listed for almost double

Florida’s Tampa Bay space is predicted to be the most well liked housing market within the coming yr.

That is in keeping with the home-buying web site Zillow.

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An instance: A house alongside Tampa’s iconic Bayshore Boulevard was just lately bought, website unseen, for $3.8 million and inside an hour of the ink drying on the paperwork, it was re-listed for greater than double the worth, in keeping with FOX 13 of Tampa.

South Florida resident Matt Barnes made that transfer.

The Tampa, Florida, skyline seen from Curtis Hixon Waterfront Park. (Getty Photos / Getty Photos)

“As quickly as we closed the deal, we determined we’ll checklist the property at $9.5 million, which is I feel a conservative quantity,” mentioned Barnes. “I positively see this buy beginning a pattern to the place Tampa’s market goes sooner or later.”

MORTGAGE REFINANCING WINDOW IS CLOSING

One factor that has come out of the coronavirus pandemic is individuals searching for a change of surroundings. 

“You could have so many individuals working distant now, the individuals from New York, California, the people who it is snowing on, they need to pay excessive taxes. These individuals need to come to Florida as a result of they will work from wherever they please,” mentioned Barnes.  

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That inflow of cash might juice an already rising market. 

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