The inventory of existing homes has dropped significantly in recent weeks as many home owners de-list their properties due to an uncertain future brought on by a global pandemic. According to new data, the supply of existing homes on the market nationwide dropped by a startling 24% in April, while newly-built inventory fell just 10.5%.

Broken down by property-type, existing condo inventory recorded the largest slide in inventory with new listings falling by nearly 30%. By comparison, newly listed single-family homes dropped by just 9.8%. 

As existing inventory keeps falling, however, new construction properties are now occupying a larger piece of the inventory pie, resulting in 1 out of every 5 homes sold in April being new construction. That figure

A mammoth new project could be on its way to downtown St. Petersburg, according to a new report from the Tampa Bay Times. 

Earlier in the month, the city’s Development Review Commission approved plans for a $300 million mixed-use project on Central Avenue, which would include a 45-story tower, a 20-story hotel, and parking for 842 vehicles. 

The developer, New York-based Red Apple, also included 20,000 square feet of office space and more room for parking than needed, which is designed to address chronic parking shortages already felt throughout downtown St. Petersburg. 

Because of its height and proximity to Albert Whitted Airport, the project still needs approval from the FAA, and development rights will still need to be purchased from

The nation's largest private homebuilder is bringing another townhome development to Downtown St. Petersburg.

If you haven't already noticed, David Weekley Homes is developing a 24 unit townhome community called Burlington Townhomes, which will sit on the northwest corner of Burlington Ave and 8th St. North.

The new Burlington Townhomes project will have a total of four buildings with six units and two driveways which offer access to the private garages. The individual six units ranging from 1,729-1,941 sq. ft. will all be a spacious three stories each and have two-car garages.

A unique feature of Burlington will be that instead of a common rooftop deck like many newer communities closer to downtown, each unit will have a small, private yard

Another stunning new condo tower with a timeless design has been proposed for Downtown St. Petersburg, this time at 136 4th Avenue NE. Currently the site of the Bay Gables House, a 1910 Vernacular home with Colonial and Queen Anne characteristics that will be reportedly moved less than a mile away, the location of JMC Communities’ latest project will sit just down the street from other high-profile developments like Ovation, The Florencia, and Rowland Place. 

The latest project, called The Perry, will rise 12 stories high and feature just 22 units when finished with floor plans expected to range between 1,700 and 2,700 square feet. The building’s namesake, as well as its classic Art Deco design, pays homage C. Perry Snell—a noteworthy philanthropist

If you’re in the market for a luxury condo in Downtown St. Pete, you’ll want to keep an eye on the new Saltaire condos. The 35-story tower plans to bring with it your choice of around 200 private residences, all topping ground level retail space.

Going up on the site of a former hotel parking lot, reservations begin soon for units in the prestigious new tower. Scheduled to deliver in 2022, the upper units of Saltaire are expected to present the desirability of unobstructed water views. 

The building will offer some penthouse units, which reports suggest could be even larger than some of the luxury units of ONE St. Petersburg. The penthouse units will be on levels 34 and 35, with the remaining condos of Saltaire sitting on levels six through 33.