Tampa Real Estate 
There are currently 11 blog entries related to this category.
Tampa Bay Market Update
Thursday, August 19th, 2010 at 8:27pm. 21 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,…
Pasco County Real Estate Statistics from 2002-2009
Thursday, June 24th, 2010 at 4:27pm. 50 Views, 0 Comments.
This is the second in a series on Tampa Bay real estate statistics. In the first post we looked at sales statistics for Hillsborough County, today we examine sales stats for Pasco County including the towns of Land O' Lakes, Wesley Chapel, and Zephyrhills. These are the primary areas in Pasco County we serve, if you're looking for data on another area, contact us, and we can answer your questions on your area.
This first graph shows the average sales price for homes in Pasco county from 2002 to 2009. As you can see homes in Land O' Lakes and Wesley Chapel sell above the Pasco County average, whereas in Zephyrhills homes are selling for less than the Pasco average. Like most areas of neighboring Hillsborough county, home prices peaked in 2006 and…
Tampa Real Estate Statistics 2002 - 2009
Thursday, June 17th, 2010 at 7:46pm. 70 Views, 0 Comments.
In today's market, the number one question we receive as real estate agents is "how's the real estate market?" Whether it be from a customer, friend, or family member; whether it's in an up market, or down market everyone always asks the same question... "how's the market"? We typically answer by saying "it depends where you live", which in turn envokes a conversation regarding home prices in different areas of Tampa Bay. After such a conversation, I always remark that I should take the time to publish more market information on our blog.
Well, it's taken a little time but I was finally able compile eight years worth of real estate data down to the neighborhood level for both Hillsborough and Pasco County. I had hoped to have a full ten years…
Tampa Bay Luxury Home Sales
Monday, June 7th, 2010 at 2:56pm. 54 Views, 0 Comments.
A recent Wall Street Journal Article
highlighted a rebound in luxury home sales in some markets through out
the country including, San Francisco, Las Vegas, Miami, and Manhattan.
Although Tampa has our share of celebrity mansions, see Tampa's largest
home, our luxury real estate market has never been at the level of the
cities mentioned in the WSJ article. Still, I thought it would be a
interesting to see how Tampa is performing relative to the rest of the
country.
After running the numbers, Tampa's luxury home market,
is not seeing significant gains like other parts of the country. The
chart below shows luxury home sales, the number homes sold at $1 million
or greater, for the first quarter of each year from 2004 to 2010. …
Time Magazine Article - Ignore the Headlines
Monday, December 21st, 2009 at 2:37pm. 120 Views, 0 Comments.
There was a great article in a recent issue of Time Magazine titled Ignore the Headlines. The article explores the cost of trying to time the bottom of the housing market. Yes, home prices may continue to decline and although the Federal Reserve is currently lowering interest rates, in the longer term interest rate will probably rise. So if you wait a year and home prices do in fact decline, will the decline be enough to offset a possible increase in interest rates.
Here's a link to the article on Times' website, but I've also posted the article below.
Famed Money Manager is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more…
Florida's Flourishing Population is Growing Strong
Monday, December 21st, 2009 at 2:34pm. 97 Views, 0 Comments.
Recent studies from the Bureau of Economic and Business Research (BEBR), which are run by a research team at the University of Florida, indicate that the myths of a declining population here in Florida have been wildly exaggerated. You may have noticed that many recent news and media reports are suggesting that the state’s population is suffering from a serious decline, which according to research, is simply not true. According to Stan Smith, director of the BEBR at UF, Florida’s economy is still strong and the thriving job market brings in new residents on a daily basis. To be exact, about 900 people move to Florida daily, which adds up to about 331,000 new residents per year. In fact, we can safely estimate that the population count of April…
Tampa Code Enforcement
Monday, December 21st, 2009 at 2:31pm. 112 Views, 0 Comments.
The city of Tampa has decided to propose a new system to ensure quicker code enforcement to its citizens. Officials are attempting to instill an immediate "justice system" in which offenders will face fines on the spot. The fines will range between $75 and $500, depending on the charge, and will be applied to all "irreversible" violations such as cutting down protected trees, or spraying graffiti on city property. The residents and officials of Tampa Bay are hoping that this new system will be given the green light and will finally put the red light on repeat offenders. For more information and the entire story from the Tampa Tribune, please go to TBO.com.
Forbes Ranks Tampa Best Buyers' Market
Monday, December 21st, 2009 at 5:27am. 84 Views, 0 Comments.
Forbes Magazine recently ranked the top markets for home buyers and Tampa was ranked #1. The article stated that although home inventory was high, as a result of investors, Tampa's job growth and economic future made it a great candidate for a strong recovery. It said to look for Tampa to recover in early 2008.
The article, validates a lot of what I said in my recent post, The Doom Sayers vs. The Silver Lining.
Read the full Forbes Article.
Tampa Rated #1 City for Retirees
Monday, December 21st, 2009 at 5:24am. 86 Views, 0 Comments.
Kiplinger’s Personal Finance Magazine rated Tampa, Florida the #1 city for retirees. In selecting Tampa #1 the magazine cited Tampa’s vibrant cultural scene and top-rated healthcare facilities. Kiplinger’s developed the list with Richard Florida, a professor at George Mason University and author of The Rise of the Creative Class. Criteria used in determining the top cities included a strong presence of the “creative class”, along with additional factors such as economic growth, healthcare costs, crime rate, and physicians per capita. For more on the selection criteria read Criteria at Kiplinger.com. For a list of all cities got to Kiplinger’s Best Cities of Every Stage of Your Life.
The Doom Sayers vs. The Silver Lining - A Look at the Tampa Real Estate Market
Monday, December 21st, 2009 at 5:20am. 90 Views, 0 Comments.
Are we wearing rose colored glasses when we say that this is a good time to buy a home in Florida? As Florida housing prices started to fall in late 2005, many economic analysts who had been predicting a market “crash” prepared their “I told you so” speeches. Among the most often heard lines – besides the “I told you so”, that is – is how the Realtor community contributed to the unrealistic inflation in housing prices with their overly rosy view of the market. They accused us of misrepresentation when we encouraged people to buy as prices rose. Now they’re accusing us of misrepresentation when we encourage people to buy in a buyers’ market. If you follow their line of reasoning, it will never be a good time to buy. So are we being overly…
