As the heat of the summer slowly begins to simmer, “snowbirds” will start flying south to the Tampa area to enjoy the fall and winter in paradise. During the upcoming months, they may begin to think about buying a “forever home” in Tampa as they fall in love with the area during their stay.
Whether you’re visiting for the winter, looking to make Tampa your new home, or simply want to find a new place in your community, here’s what you need to know about Tampa’s real estate market.
Estimated Continued Growth
The Tampa real estate market has seen unprecedented non-stop growth for the past two years. It is no secret that people are moving to the area for the tropical weather, amazing downtown nightlife, and world-class beaches. In fact, Tampa ranked among the Best Places to Live in Florida, according to U.S. News & World Report.
However, as the country’s real estate market begins to slow down, experts are predicting that Florida may be the exception.
As “season” quickly approaches, real estate professionals are seeing an increase in buying interest from those visiting the Sunshine State. Historically, the months of October to February see the most real estate transactions due to the increased population throughout Florida.
Tampa Ranked Top Region for Relocation
Tampa continues to welcome new retirees and residents alike. In fact, according to Wallet Hub, Tampa has been ranked among the Top Best Places to Retire in the Country. As 2022 comes to an end, the area may see an increase in retirees looking to start a chapter of their life in 2023.
Another major relocation factor is that many people move to Tampa, Florida for the booming job market. According to the Florida Department of Economic Opportunity, Tampa is leading the State for metro area job gains in industries such as financial, construction and manufacturing.
People are also moving to Tampa due to the “work from home” surge throughout the country. As many people leave cities like New York and Chicago, they are moving to Tampa to keep the same job but work from their Florida home office. This allows them to continue doing what they love, in a place that they love.
Whether you’re looking to retire in paradise, start a new job at one of the many successful Tampa companies, or are working remotely, Tampa is the perfect place to do so.
Buyers Prefer New Construction
According to the National Home Builders Association, 60% of home buyers would prefer a newly built home over an existing structure. Following this trend, those moving to the Sunshine State often are looking at new construction, high-rise condominiums, and new resort-style communities.
One of the most popular new construction projects in Tampa, Florida is Altura Bayshore.
Altura Bayshore is South Tampa’s newest residential development located just steps away from Bayshore Boulevard.
Now under construction, this 23-story high-rise offers waterfront views of Hillsborough Bay and picture-perfect scenes of the South Tampa skyline.
Altura Bayshore is designed to mimic a resort as upon walking into the high-rise, owners and guests will be greeted with a grand lobby, front desk with concierge and a plethora of amenities to enjoy your South Tampa residence.
These resort-style amenities start on the private rooftop amenity deck on the 24th floor. This rooftop deck is equipped with a large pool complete with lap lanes and a sun shelf, trellis-covered spa, private shade cabanas, covered bar area with BBQ grills, private clubroom, and more.
The amenities continue to the 4th floor as residents will be able to enjoy pickleball courts, a putting green, a half-court for basketball, a dog park, and much more.
For those looking to relocate for work, Altura Bayshore is located just minutes away from downtown Tampa thereby affording an easy and scenic commute as you revel in all Tampa has to offer. Additionally, Altura is just minutes away from the University of Tampa for those looking to study or teach at this award-winning institution.
If you’re working remotely, Altura Bayshore is truly made for you. Due to its new construction, Altura will be equipped with state-of-the-art technological advancements so you can stay connected to your office wherever it may be.
And if you’d like to host a meeting with a view – you’ve come to the right place. Located on the 24th floor, Altura’s clubroom will have scenic waterfront views and is designed with a lounge and meeting area for all your gatherings.