Just Listed: 419 Chippewa Ave Davis Islands

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Sold – 5701 Mariner St #402 Tampa, FL

Short Sale.. Gorgeous Bay views greet you at your front door. Your work day will immediately melt away and you will be in vacation mode.  Sliding glass doors span the entire  length of the condo lending to easy balcony access from both bedrooms and the great room. This exquisite condo features a split floor plan, a large master bedroom, double  vanities in both bathrooms, breakfast bar and dining room. Warm tones will make you feel instantly right at home. Retreat from your day, everday at the Mariner.  Location is perfect! Minutes to Tampa International and St. Pete airports, walking distance to Westshore restaurants and shopping and a 15 minute drive to downtown St.  Pete!  Also you will be in close proximity to Downtown Tampa, Channelside, Hyde Park and Historic Ybor City.  Attention Boaters: the Mariner has boat slips a few steps away from the beautiful pool. Upon purchase you can be put on the waiting list for a slip. This condo is being sold As-Is.

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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

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Tampa Real Estate Market View – New Home Sales – July

This morning the commerce department released its estimate on New Home Sales for July.  As anticipated this number rose  to 433K  in July,  from a seasonally adjusted of 395K in June.  The consensus estimates were at 390K.

Sales have now risen for four straight months.  All this being said the median real estate sales price for new homes fell to $210K from a year earlier, down 11.5%.

dwellintampa.com – The Tampa Real Estate Perspective

Tampa Real Estate Market View – 8/25/2009 – Home Price Index

This morning the S&P/Case-Shiller Home Price Index has been released.  The % decline in the 20 city compsite continued to -15.4%, however this was less of a decline than the 1st qtr of 2009 at (-19.1%).  The consensus forecast was anticipated at -16.40%.  Today’s data reflects a 5th consecutive month of improving decline.  As for the Tampa home market, prices increasesd slightly from May to June at .4% from a flat (no change) from April to May.   The year-over-year change for homes in Tampa price declines came in at a negative (-19.5%) which was better than the negative (-20.8%) we saw the prior month.

Based on the aforementioned data we want to reiterate our recommendations for Buyers/Sellers from last month

Sellers

For those of you waiting to sell your existing property or have your property still on the market hoping for Prices to rebound quickly, you have a long way to go.  These current numbers while not indicative of all area in the country or Tampa for that matter, does give a solid view of where home prices really are (down).  We suggest if you have to sell, then price it right and if you are already in the market with no sale, it is probably due to price.  In this market, at this point in time the adage needs to be ”Reduce It to Move It”. 

Buyers

For those buyers still on the fence waiting for prices to decrease further, it is not likely.  If anything you are not only missing the boat from a low price standpoint, but interest rates don’t look seem to be moving much lower either

Tampa Real Estate Market Update – Existing Home Sales Aug 09

Tampa Real Estate Market/National Real Estate Market

This past Friday we received Sales of Existing Homes (Single-Family & Condo) for the month of July.  The numbers came in at an annual adjusted rate of 5.24 Million up 7.2% from a level of 4.89 million in June.  The July numbers come in about 5% above the 4.99 million units sold in July 2008.  In summary we have now seen four consecurtive months of increasing existing home sales.  These are all positive signs, at the same time we think that the numbers will possible reduce going into the winter months when housing tends to subside from a torrent summer pace.

On a price standpoint we have seen Single-Family home prices decrease on a National basis of (1.9%) from June 2009 to July 2009 and (14.6%) from a year ago.  Sale price of Condo’s have also decreased on a National basis of (2%) from June 2009 to July 2009 and (18.9%) from a year ago.

Tampa Real Estate Market – Home Foreclosures July 09

Tampa Home Foreclosures

As the real estate market continues to slowly move along the # of foreclosures have not abated yet.  According to RealtyTrac 1 in every 9,104 housing units in Florida received a foreclosure filing in July 2009.  Additionally, there are over 1,818 foreclosure properties in Tampa or 1 in every 184 housing units.  The numbers by zip code are as follows

Tampa Homes in Zip Code 33606 – 40 foreclosure properties and 1 in every 239 tampa homes

Tampa Homes in Zip Code 33629 – 29 foreclosure properties and 1 in every 463 homes

Tampa Homes in Zip Code 33609 – 69 foreclosure properties and 1 in every 137 homes

Tampa Homes in Zip Code 33611 – 81 foreclosure properties and 1 in every 230 tampa homes

Tampa Homes in Zip Code 33616 – 18 foreclosure properties and 1 in every 353 tampa homes

Tampa Homes in Zip Code 33602 – 64 foreclosure properties and 1 in every 74 tampa homes

For more detailed information on Tampa Homes foreclosures and how to purchase them contact us today.

Tampa Real Estate Market Update – Existing Home Sales July

Tampa Real Estate Market/National Real Estate Market

This morning we received Sales of Existing Homes for the 2nd quarter.  The numbers came in at an annual adjusted rate of 4.76 Million up 4% from 4.58 million in the first quarter, but down 16% from a year ago according to the National Association of Relators.  On a price front in the Tampa Real Estate Market we saw a continued decrease in median selling price for existing homes from $173K in 2nd qtr 2008 to $140K in 2nd qtr 2009, however we saw an increase in price from 1st qtr 2009 to 2nd qtr 2009 of $5K. 

Once again these numbers confirm our analysis back in our April press release where we had called a bottom in the housing market.  It should however be noted that a significant # of these properties 36% were from foreclosures and short sales, with Florida having one of the biggest inventories for Foreclosures/Short-Sales

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.

Tampa Real Estate Market View – 7/28/2009 – Home Price Index

This morning the S&P/Case-Shiller Home Price Index has been released.  The % decline in the 20 city compsite continued to -17.1%, however this was less of a decline than the prior month of -18.1%.  The consensus forecast was anticipated at -17.90%.  Todays data reflects a 4th consecutive month of improving decline.  As for the Tampa home market the price decline was flat, with no change from April to May.  This was better than the  (-7%) decline in March to April.  The year-over-year change for homes in Tampa price declines came in at -20.8%.

For those of you waiting to sell your existing property or have your property still on the market hoping for Prices to rebound quickly, you have a long way to go.  These current numbers while not indicative of all area in the country or Tampa for that matter, does give a solid view of where home prices really are (down).  We suggest if you have to sell, then price it right and if you are already in the market with no sale, it is probably due to price.  In this market, at this point in time the adage needs to be ”Reduce It to Move It”. 

For those buyers still on the fence waiting for prices to decrease further, it is not likely.  If anything you are not only missing the boat from a low price standpoint, but interest rates don’t look seem to be moving much lower either.

homes, prices, real estate, tampa

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