Make us your home page

Tampa Bay housing price swings vary widely among neighbors

All real estate, like all politics, is local. It's tough to extrapolate the health of your housing market from those in Seattle, Cleveland or Denver. General economic slump notwithstanding, home values in the Rocky Mountains and Rocky Point just don't jibe.

But pouring over a chart of about 200 neighborhoods in Pinellas, Hillsborough and Pasco counties, it's fascinating to see how one community holds its worth while another loses value like a drunken Elvis impersonator in a Las Vegas craps game.

The statistics come courtesy of housing tracking firm, which reported an overall home value dip of 18.5 percent in the Tampa Bay area last year. But many superficially similar areas had radically different years.

Some examples:

Sulphur doesn't always stink: The Spring Hill section of Hernando County ended the year with an overall home value of $115,120. Sulphur Springs, a Tampa neighborhood off Interstate 275, came in at $117,133. But what a difference a year makes. Spring Hill's values have plunged 25.2 percent. Sulphur Springs' fell only 9.4 percent.

Though Sulphur has a down-at-its-heels reputation, it didn't have a big housing construction spurt in 2005 like its suburban counterpart.

The island swamps the beach: Beach Park, a well-to-do waterside enclave south of Kennedy and West Shore boulevards in Tampa, lost 21.9 percent of its value in 2008. Island Estates, a water-kissed sandbar near Clearwater Beach, had a soft landing last year, shedding only 9.1 percent.

What happened? Island Estates took much of its punishment in 2007, when home speculators were pummeled by foreclosures. Last year it got a bit of a respite as its home value eased down to $278,000.

Gandy can't take a holiday: Wild home value differences reign in low- to moderate-income neighborhoods, too. Holiday, in Pasco County east of U.S. 19, reported values of $93,000. That was only 12 percent below what it was a year earlier.

A demographically similar section of northeast St. Petersburg near the Gandy Bridge suffered a 25 percent drop, to $103,000. Holiday has mostly single-family homes built in the 1960s and 1970s. Gandy is loaded with condos and multifamily housing, which have suffered worse from waning housing demand.

Tampa Bay housing price swings vary widely among neighbors 03/12/09 [Last modified: Friday, March 13, 2009 12:05am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Lost Highway: As FHP struggles to recruit, speeding tickets plummet

    State Roundup

    TALLAHASSEE — The number of speeding tickets written by Florida state troopers has plunged three straight years as the agency grapples with a personnel shortage and high turnover.

    A Florida Highway Patrol Academy class in the late 1980s. Typically, graduating classes had about 80 recruits. But the most recent class has less than half that as the agency continues to struggle to fill vacancies. [

Florida: Highway Patrol]
  2. Kidpreneurs — and adults — capitalize on gooey, squishy Slime craze


    First it was Play-Doh. Then Gak. There have been dozens of variations for sale of the oozy, gooey, squishable, stretchable kids' toy through the generations.

    Aletheia Venator and Berlyn Perdomo demonstrate the stretchiness of their slime. - Berlyn Perdomo and her friend, Aletheia Venator, both 13, make and sell slime which can be seen on their instagram site @the.real.slimeshadyy [JIM DAMASKE   |   Times]
  3. The last farmer of Florida's prized Zellwood corn is thinking of packing it in


    MOUNT DORA — Hank Scott steps out of his pickup between the long rows and snaps off an ear that grows about bellybutton-high on the forehead-high stalks.

    Hank Scott, co-owner of Long and Scott Farms, shucks an ear of corn on the farm in Mount Dora, Fla., on Wednesday, May 10, 2017. The farm specializes in Scott's Zellwood Triple-Sweet Gourmet Corn. LOREN ELLIOTT   |   Times
  4. Law firm's Russia ties prove nothing about Trump


    The statement

    "Law firm @POTUS used to show he has no ties to Russia was named Russia Law Firm of the Year for their extensive ties to Russia. Unreal."

    Sen. Chris Murphy, D-Conn., stands during a media availability on Capitol Hill, Monday, June 20, 2016 in Washington. A divided Senate blocked rival election-year plans to curb guns on Monday, eight days after the horror of Orlando's mass shooting intensified pressure on lawmakers to act but knotted them in gridlock anyway — even over restricting firearms for terrorists. (AP Photo/Alex Brandon)
  5. Pasco county lawyer disbarred for taking woman's money

    Real Estate

    NEW PORT RICHEY — The Florida Supreme Court on Thursday disbarred Pasco County attorney and former congressional candidate Constantine Kalogianis.

    The Florida Supreme Court on Thursday disbarred Pasco County attorney and former congressional candidate Constantine Kalogianis. 
[2016 booking photo via Pasco County Sheriff's Office]