Zillow Forecast Home Price Gains for Tampa
Thursday, April 26th, 2012 at 12:46pm. 43 Views, 0 Comments.
According to a report released this week, Zillow estimates that home prices will hit bottom by late 2012 in a majority of real estate markets and actually forecasts price gains in Tampa over the next year.
You can see the report here Zillow Home Value Forecast: Majority of Markets to hit bottom by Late 2012.
Of course nobody has a crystal ball, but there has been a trickle of encouraging news lately, see New Home Construction up 26% in Tampa Bay.
Home inventory (number of homes currently for sale) is at a five year low and based on March sales figures Hillsborough County currenlty has a 3.38 month supply of homes for sale, under five months is typically considered a buyer's market, we haven't been in this range in over five years.
Having Trouble Getting Sinkhole Insurance in Tampa Bay?
Friday, March 16th, 2012 at 12:21am. 204 Views, 3 Comments.
If you’re a Tampa Bay homeowner, or considering buying a home in Tampa Bay, by now you’ve probably gotten an unexpected education on sinkholes and if you haven’t, you’re about to. Before I dive deep into this topic, I want say that I’m not a registered insurance agent, and you should always consult directly with your insurance agent for specific questions and concerns, but because we’re working with Buyers in Tampa Bay on a daily basis, this is continually a topic of conversation and one I follow with interest. Additionally, most of the data for this article was taken from Florida Office of Insurance Regulation’s report, “Report on Review of the 2010 Sinkhole Data Call”. If you ever have trouble falling asleep at night just pick a copy of this legal…
Great Horned Owl in Flatwoods Preserve
Wednesday, October 13th, 2010 at 6:35pm. 463 Views, 0 Comments.
I was out for a walk in Flatwoods Park yesterday and I could hear group of crows making a lot of noise in the trees, so I looked over and caught glimpse of this Great Horned Owl. It's not a great picture because I couldn't quite get close enough without scarying him away and the sun was almost directly behind him. Anyway, pretty cool to see some wildlife right in New Tampa's backyard.
Today's Rates... Oh so low!
Monday, October 11th, 2010 at 5:06pm. 343 Views, 0 Comments.
Refi? First Home? Upsizing? Downsizing?
Rates are incredibly low... take advantage of these great rates - don't be the one that says "I wish I had..."
30 year fixed conventi
onal: 4.00%
15 year fixed conventional: 3.375%
5 year ARM conventional: 2.875%
7 year ARM conventional: 3.00%
10 year ARM conventional: 3.50%
30 year fixed FHA: 4.25%
5 year ARM FHA: 2.75%
Today's Rates brought to you by our favorite mortgage expert, Brad
Verkauf... Brad has helped so many of our clients get into the home they
desired, we are confident he can help you too. You can reach Brad
at...
Brad Verkauf
Bank
of America Home Loans
office
(813) 350.7606
Bradley.Verkauf@bankofamerica.com
Call Brad for the right loan,…
Today's Rates...
Monday, September 13th, 2010 at 11:02pm. 356 Views, 0 Comments.
Thinking about a refi? or a new home? Wow are rates so low... Get movin'!
Today’s rate
s:
Conventional 30 year fixed (no points)- 4.375%
Conventional 15 year fixed (no points)- 3.75%
Conventional 5/1 ARM (no points)- 3.375%
FHA 30 year fixed (no points) – 4.375%
FHA 5/1 ARM (no points)- 2.75%
Today's Rates brought to you by our favorite mortgage expert, Brad
Verkauf... Brad has helped so many of our clients get into the home they
desired, we are confident he can help you too. You can reach Brad
at...
Brad Verkauf
Bank
of America Home Loans
office
(813) 350.7606
Bradley.Verkauf@bankofamerica.com
New Tampa Real Estate Stats from 2002-2009
Sunday, August 22nd, 2010 at 3:24pm. 618 Views, 0 Comments.
The charts below show New Tampa home sales from 2002 through 2009. The first chart tracks the average home price by community and the second chart shows the number of homes sold.
When reviewing the numbers it's important to keep in mind that each community has it's own unique make-up. For example, in Pebble Creek which is one of the older communities in New Tampa, many of the homes were built before 3,000+ square feet homes became popular.
Additionally if you look at Richmond Place, you'll notice the average price of a home dropped sharply in 2009 to $89,125. This was due to a large percentage of distressed condo sales in the Enclave complex. In fact out of the 43 sales in Richmond Place in 2009, 32 were condos (compared to 3 condo sales in 2008)…
Tampa Bay Market Update
Thursday, August 19th, 2010 at 8:27pm. 345 Views, 0 Comments.
Before we finish some of the historical data we've been working on, see Hillsborough 2002-2009, Pasco 2002-2009, and Wesley Chapel 2002-2009, here are some up-to-date statistics on the Tampa Bay real estate market.
This first chart below shows Hillsborough County sales data for the last two years, by city and quarter. You'll notice Lutz and Odessa on both the Hillsborough and Pasco county charts, for those not familiar with the area, these towns actually cross the county borders. The charts show just the sales for each town within that county.
This next chart shows the number of homes sold in Hillsborough County for the last two years by quarter.
This Chart shows Pasco County sales data for the last two years,…
Tampa Real Estate Weekly Round Up - Week Ending 8/14/2010
Sunday, August 15th, 2010 at 5:53pm. 393 Views, 0 Comments.
Well everybody seems to love gossip, so of course the big news in the Tampa real estate market this week was the price new Tampa Bay Lightning owner Jeffrey Vinik paid for his two new homes in South Tampa's Palma Ceia area. See the Tampa Trib article here. Did Bolts' Vinik Pay Too Much for His South Tampa Homes?
As hockey fan, I care less about what he paid for his home and more about what he's going to do to bring a winning hockey team back to Tampa. Although it's still too early to tell, I think bringing in Steve Yzerman was great move and Yzerman seems to be headed in the right direction, see Off Season Report: Tampa Bay Lighting. But I digress, back to real estate...
Here's what's been happening this week in the real estate market...
Tampa Bay…
Wesley Chapel Real Estate Statistics from 2002-2009
Thursday, August 12th, 2010 at 6:47pm. 357 Views, 0 Comments.
This is the third in a series of historical real estate prices in the Tampa Bay area. In this post we look at Wesley Chapel real estate prices over the last eight years, broken down by community. In the last issue, Pasco Real Estate Stats, we looked at homes prices by city in Pasco County.
Based on the numbers below, Seven Oaks is the top selling community in Wesley Chapel with the highest average sale price at $269,779, followed by Saddlebrook Resort, Country Walk, and Lexington Oaks.
This second chart below shows the number of homes sold in Wesley Chapel between 2002 and 2009.
All data taken from the Greater Tampa Association Realtors MLS and deemed reliable, but not guaranteed.
Life... it makes you laugh...
Friday, June 25th, 2010 at 1:31pm. 403 Views, 0 Comments.
So I got up this morning determined to whittle down my inbox and as always got a little sidetracked by clicking over to a comment someone posted on my facebook... I've been busy. I've neglected reading my facebook, so of course I sat leisurely sipping my coffee and reading posts - (like I didn't have anything else to do).
One of my clients posted this to her FB page and it totally made me laugh. I thought I'd share for all the moms and dads out there that are in the middle of that toddler stage and looking around their home going "what the heck just happened here?" I was reminded of what this was like twice this past week. My beautiful grandchildren Aedan and Miles came to visit - whoa! Loved every second... but I had that same feeling. After day 2 I…
