Tampa Bay Luxury Real Estate - Tampa Bay Luxury Homes

Tampa Bay Luxury Real Estate - Tampa Bay Luxury Homes

by Adam J Morien

Tampa is a city that offers something for everyone. When you think of Tampa your first thought is the beautiful white sandy beaches and enjoyable year around weather. But Tampa offers much more than that. Professional football, baseball and hockey teams for the sports fan. Channelside, Seminole Hard Rock Casino, Ybor City, and of course Gasparilla for the party lovers. The Performing Arts Center and the many art galleries for the sophisticated type. Last but not least, the many beautiful Tampa neighborhoods and Tampa Bay luxury homes.
All these things make Tampa a great place to live, but Tampa is also one of the best places to buy a home. The time to buy is now for all sectors of the market especially in the Tampa Bay luxury real estate sector. The Tampa market currently has around 6 months of home inventory. This may sound like a lot, but it isn't. A 6 month inventory is considered a "normal real estate market' by the experts. What does this mean for buyers and sellers? For sellers this means they have to compete with a lot of other homes. This means sellers are doing whatever they can to attract buyers. Home improvements, price reductions, realtor incentives...with the current level of competition, if the seller doesn't offer a great product, no one will view the house. What does this mean for buyers? This is the good news. There are many reasonably priced homes to choose from. In this type of market the buyer has all the power. Many buyers are making offers thousands of dollars below asking price just to see how much the seller will negotiate. Years ago this type of offer would have offended the seller. In today's market it is the standard.

Tampa is also one of the few areas in the country that maintains consistent population growth year after year. The tourism business is one of the things that drives Florida's population growth. The many attractions that Tampa offers bring many people here for both business and pleasure. Many people will come back to live in Florida or purchase a second home. In 2004 Tampa was ranked the #2 place in the country for start up companies. Tampa is also called the "Gateway to the Florida High Tech Corridor." Many companies have been offered grants and tax breaks to move their businesses to the area. These large corporate moves bring many qualified buyers to the market and high paid executives looking to buy Tampa luxury homes.

The time to buy in Tampa is now. Over 15,000 people move to Tampa every year. Tampa mid-range real estate and Tampa luxury real estate will always be in demand. The deals are out there. Don't wait for the paper or some expert on the internet to tell you that the real estate market has rebounded. By that time the sellers will start increasing prices and it will be too late.