Just Listed: 419 Chippewa Ave Davis Islands

 Click here view more details

 Other Current Tampa Real Estate Listings

AVAILABLE – 460 Lucerne Ave – Tampa FL

460 Lucerne Ave

Mediterranean style canal waterfront home. Unobstructed view of and direct access to Tampa Bay. All baths have granite countertops and travertine surrounds. Gourmet “twin” chef’s kitchen, cherry wood cabinets and granite countertops. Living room opens to large screened lanai through double French doors. Separate family/TV room with custom wood window shutters. Porcelain tile and bamboo flooring throughout.  Double Master suites–one on each floor. Private office with twin workstations. Custom cabinetry throughout. 4 gas fireplaces, 3 inside 1 on lanai. Laundry rooms on each floor. Double car garage. Grilling area under pergola with extra seating. Large wrap around dock and 13,000 lb boat lift. This home was completely reconstructed in 2000. MLS#

Click for Property Details: 460 Lucerne Ave

Video Tour: http://www.propertymarketingpartners.com/af/460lucerne/index.html

Other Current Tampa Real Estate Listings

Davis Islands Real Estate Activity September YTD

OVERALL MARKET OUTLOOK: CAUTIOUSLY UPTRENDING

• DAYS ON MARKET TREND: NEUTRAL
• MARKET PRICE TREND: NEUTRAL
• MARKET ACTIVITY TREND: UPTRENDING

From our analysis we believe the Davis Islands Real Estate Market Outlook is “IN UP TREND”.  There are three trend areas we analyze to help determine market outlook (Days on Market Trend, Market Price Trend and Market Activity Trend). 

The Days on Market (DOM) average for all Davis Islands real estate price categories was 191 days, this is slightly higher than August’s number of 181, but well off the highs of the year at over 300. 

The second trend of Sold Market Price came in for September at an average sales price of $847,714 which was up from $565,500 the prior month.  However there was a very large closing in September which slightly skewed the numbers to the upside.  In all we are still seeing prices remain neutral, with no big moves to either the up or downside overall. 

The final trend was Market Activity.  There are currently 75 active properties on the market ending in September, which slightly lower than August’s reading at 78.  At the same time the number of sold properties came in very strong at 14 units spread across the various price categories.  This was somewhat expected since we had pending home sales for August at 11, and those mostly closed in September. 

This being said September was certainly a strong month and a positive sign of a turn around.  Additionally, the outlook for October should continue to be strong, with Pending sales for September only down slightly to 9 properties.  We believe the Davis Islands area is regaining its footing and while home sales should continue, we believe the expiration of the First-Time Home Buyer credit and the holiday season will keep sales in check.  Davis Islands Real Estate Activity Sept Detail

Davis Islands Real Estate Activity August YTD

OVERALL MARKET OUTLOOK: CAUTIOUSLY UPTRENDING

• DAYS ON MARKET TREND: DOWNTRENDING
• MARKET PRICE TREND: NEUTRAL
• MARKET ACTIVITY TREND: UPTRENDING

From our analysis we believe the Davis Islands Real Estate Market Outlook is CAUTIOUSLY UPTRENDING.  There are three trend areas we analyze to help determine market outlook (Days on Market Trend, Market Price Trend and Market Activity Trend).  The Days on Market (DOM) average for all Davis Islands real estate price categories was 181 days, this is even with July’s number of 180, and well off the highs of the year at over 300.  The second trend of Sold Market Price came in for August at an average sales price of $565,500 which was down from $814,000 the prior month and well off the highs from the first quarter of 2009.  The final trend was Market Activity.  There are currently 78 active properties on the market which slightly higher than July  and significantly higher than the active listings in the first quarter.  At the same time the number of pending and solds came in at 11 and 6 respectively, which was higher than last month’s numbers of 10 and 3.  On a side note we have continued to notice more short sale properties entering the market.  This will most likely have a negative impact on price, while at the same time allowing for potentially more sales.  Davis Islands Real Estate Activity Details

www.dwellintampa.com – Tampa Real Estate Lifestyle Perspective

Davis Islands Real Estate Activity Report Year to Date (July)

Attached is our Davis Islands Real Estate Activity Report for July (Year to Date)  This report includes details and graphs of Days on Market and Sales Activity for the various Home Prices Levels on Davis Islands in South Tampa.  It is necessary to conduct this analysis at various home pricing levels to give users and accurate account of the Home Sales Activity on Davis Islands.  The vast difference in home sale activities when comparing waterfront properties to 2 bedroom condos can be quite great.

Davis Islands Real Estate Activity Report July 2009

Davis Islands Homes Real Estate Snapshot – July

Davis Islands Single Family Home Sales

MARKET PRICE TREND: NEUTRAL

MARKET ACTIVITY TREND: UPTRENDING

From our analysis we believe the Davis Islands market is in an Activity status of UPTRENDING and a Price Status of NEUTRAL.  From a statistical standpoint we have seen the number of actual closings slightly decline over the last three months from the year’s high watermark in May of 7 properties (7- May, 5-June, 3 -July).  However, the number of properties Pending have increased steadily to 10 (10 – July, 5 – June, 2 – May).  Additionally, we are seeing a price floor in the mid to upper 200’s on the lower end and the mid to upper 500’s on average.  While we do not expect home sale prices to increase dramatically anytime soon we believe that an increase in sales and pending sale properties will continue to occur over the next two quarters.

On a national front the most recent Existing Home Sale numbers have shown a steady increase, this has been primarily in the lower end market, particularly those home eligible for FHA financing and the $8,000 first time home buyer credit.

An Islands View (Davis Islands Real Estate) 6/24/09

In this edition of  an Islands View we are going to focus on short sales and foreclosures currently on the islands.  In the past to see a foreclosure on Davis Islands was a rarity, however with the current housing slump continuing, albeit at a slower pace in the last few months, we are seeing more properties follow this path. 

Whether it is a $115K condo listing or the $3Mplus mansion, the short sale or bank foreclosure knows now specific property size or price.  Currently, now there are 10 properties in the various phases of the short sale or foreclosure process.  The one good thing is that the prices for these properties are prime for the right buyer. 

I do not believe we will see prices or buyer leverage this strong for decades to come.

Tampa Real Estate Market View 6/24/2009 – New Home Sales

The real estate market for new home sales continued it slow pace.  The commerice department reported today that sales on new homes dropped .6% to an annual rate of 342K.  In a year over year perspective we are down some 33%.  Economist had estimated sales of 360K so this number was disappointing.

3 STRATEGIC TIPS FOR KNOWING HOW TO BUY IN THIS MARKET

TAMPA, FL, April 17, 2009 – Cristan Fadal, Senior Associate with CENTURY 21^® Fisher & Associates in Tampa, provides three key strategic steps all buyers should consider when preparing for a new home purchase in this market.

“Many of the clients we work with are initially unprepared for the entire buying process and it takes some education and time to really help them understand and prepare for what lays ahead” states Fadal.

Fadal suggests the first step is establishing your purchasing power.  “One of the worst situations for any buyer is finding the perfect house only to learn they can not secure the necessary financing” states Fadal.  If you have not done so already, locate a lender to at least get pre-qualified, if not pre-approved.  A pre-approval letter goes much farther in this market than just an offer.  Also there is greater due diligence taken by lenders in this market, so the underwriting process can take much longer than in the past, start the process early.

“Helping our buyers clarify their “wants and needs” is the second critical step to finding the right property in the least amount of time” says Fadal.  He suggests that buyers write down specifics such as square footage, lot size, bedrooms/baths, amenities and location to name a few. This list can then be utilized to do more refined market scans, thus reducing the search process.  “With the vast inventories in today’s market, the selections are endless, the more specifics we have the easier the process will be for buyers in the long run” states Fadal

Finally, Fadal recommends utilizing an experienced Real Estate Agent that is knowledgeable about the locations and property types a buyer is most interested in.  “While some buyers may believe they can do it all online, using an Agent can cut their search time in half as well as keep them in the know before the masses find out” says Fadal.  Additionally, it is more likely than not that your Agent has already seen the property you might find online, thus giving you an added perspective before time is wasted going to see the property in person.