Existing condominium sales skyrocket in Tampa Bay area

Condominiums may be fashionable again, at least compared to how they were selling just a year ago. Existing condo sales nearly doubled from September 2008 in the Tampa-St. Petersburg-Clearwater market as 787 units sold, well ahead of the statewide average, according to Florida Realtors and the University of Florida’s Bergstrom Center for Real Estate Studies. That trend continued into other parts of the Bay area as well with Sarasota-Bradenton doubling its condo sales from 119 to 247 year-over-year while Lakeland-Winter Haven increased sales from five in September 2008 to 18 last month.

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