I live in Ft Lauderdale. Looking to invest in historic St Petersburg FL. Any info on the trend of downtown St Pete?
The real estate market in St Pete has been red hot for the past 2-3 years. (See http://pinellasrealtor.org/stats-release/ for market stats).
Though downtown in particular has focused on condos, so it depends on what type of investing you intend to do.
There aren't many single family homes in what I would consider "downtown", and surrounding neighborhoods such as Old Northeast and Kenwood always trade at a premium.
St Pete in general is a great market to invest in, you just have to clarify your goals and objectives on order to dial in particular areas and property types.
Hope that helps!
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