sales: $1.4 Billion In Tampa Bay Real Estate Sales To Foreign Investors Over The Last Year
- 11/04/11 10:14 AM
Over the last year an estimated $12.7 billion dollars in real estate was purchased in Florida by foreign investors. Over 86% of those investors bought these properties with cash. Factors that influenced these investors include a weaker dollar, discounted costs for property and increasing rent prices. The Tampa/St.Pete/Clearwater market came in at number 3 with approx. $1.4 billion in sales. Read more about our huge influx of foreign investment in The Tampa Bay Business Journal. … (1 comments)
sales: Tampa Home Sales Up 17%
- 05/11/11 10:30 AM
Tampa had the most active existing home sales market in the state with 7,710 sales, up 17% for the first quarter of 2011. Florida existing home sales increased 13% and existing condominium sales increased 29% over the first quarter 2011, according to the Florida Association of Realtors … (0 comments)
sales: Is The High End Rebounding In The Tampa Bay Area?
- 01/05/11 04:13 PM
Back in February I featured video of Matt Geiger's 30,000+ square foot estate after a private open house. After three and a half years on the market and several reductions from an initial asking price of $19,900,000 to $9,995,000, the Geiger property has finally sold for $8 million. The $8 million dollar sales price is the highest since May of 2008 when a 13,000 square foot waterfront estate in Belleair sold for $10,250,000. The January edition of Forbes Magazine said a recent Bain Consulting study indicated that sales of luxury goods for 2010 nearly reached the 2007 peak of $235 Billion. Maybe the high end … (1 comments)
sales: Florida’s Existing Home And Condo Sales Rise In April
- 05/24/10 06:31 AM
Sales of existing homes in Florida rose 27 percent in April, which means that sales activity has increased in the year-to-year comparison for 20 months, according to the latest housing data released by Florida Realtors®. Florida Realtors also reported a 55 percent increase in statewide sales of existing condos in April compared to the previous year's sales figure. http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=240140
Steve Eckhardt, Broker, Luxury Real Estate Professional Contact me at (813) 765-1182
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sales: Sarasota Posts 38% Home Sales Increase For March - Luxury Sales Increase 30%
- 04/22/10 01:48 PM
The Sarasota-Bradenton MSA reported a total of 1,055 homes sold in March compared to 765 homes a year earlier for a 38 percent increase. The market's existing home median sales price last month was $163,800; a year earlier it was $150,000 for an increase of 9 percent. A total of 382 condos sold in the MSA in March compared to 226 units sold the same month a year earlier for an increase of 69 percent. The existing condo median price last month was $146,400; a year earlier, it was $129,000 for a gain of 13 percent. 39 homes over $1,000,000 sold … (2 comments)
sales: Sales Up 30 Percent In Sarasota Area Housing Market
- 02/27/10 04:47 AM
For the second month in a row, homes sales in the Sarasota area bucked a national decline, but the region saw pricing erode for the first time in months. Sales were up 30 percent in the Sarasota-Bradenton market compared with a year ago. While January's median sales price in the Sarasota-Bradenton market was up 8 percent to $156,700 from $144,800 a year ago, the most recent price was down 6.4 percent from $167,400 in December, data released Friday by Florida Realtors showed. Statewide, 10,465 homes changed hands during January, up 28 percent from a year ago. But the median was down 14 percent, … (1 comments)
sales: Tampa Bay & Sarasota Home Sales Were Up 30 Percent In July
- 08/23/09 04:17 AM
Both the Tampa & Sarasota MSA's reported a 30% increase in sales for July 2009 compared to July 2008 numbers. The median sales price in Tampa was down 19% from a year ago to $143,100 and the median sales price in Sarasota was down 22% from a year ago to $179,500. Full statewide statistics are available from The Florida Association of Realtors. … (0 comments)
sales: Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009
- 08/13/09 04:35 PM
Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from the Florida Association of Realtors® (FAR). Sales of existing condominiums statewide in the second quarter rose 29 percent compared to the same time the previous year. This marks the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels. http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=221418 … (0 comments)
sales: Home prices and sales surge in Sarasota / Bradenton
- 08/13/09 04:14 PM
Housing prices in the Sarasota-Bradenton market posted a nearly 10 percent increase during the second quarter when compared with the first three months of the year, and sales rose 20 percent. http://www.heraldtribune.com/article/20090813/ARTICLE/908131058/2107/BUSINESS?Title=Home-prices-and-sales-surge … (0 comments)
sales: Luxury Home Update For Greater Tampa and Sarasota Florida
- 08/09/09 12:41 PM
Sales of million dollar homes increased significantly for the Greater Tampa Bay area and the Greater Sarasota/Bradenton areas. In the 5 county area the number of homes over $1 million that sold in July increased to 61 compared to the 42 homes that were sold in June. While newspapers and the media continue to report luxury homes are "languishing" on the market, demand through 2009 has remained relatively stable (January 33 sold, February 29 sold, March 48 sold, April 59 sold, May 54 sold, June 42 sold, July 61 sold). That being said, we still have over a 42 month supply … (0 comments)
sales: Housing Hasn't Been This Afforable Since 1973 - Where Are The Headlines?
- 01/26/09 05:38 PM
The following is a blog that I posted last night under the title "30% Off Sale On Homes". I can't tell you how happy I was to be watching Fox News this morning and see Lawrence Yun, the Chief Economist for the National Association Of Realtors stating that the latest figures had housing affordability pegged at levels not seen since 1973. Imagine that! The average person buying an average home, with an average interest rate is paying LESS, as a percentage of income, than they would have paid for an average home in 1973! WHY AREN'T WE SEEING THESE HEADLINES IN … (0 comments)
sales: New Year's Resolultion - Attack The Negative!
- 01/12/09 07:17 AM
A recent poll done by Opinion Research Cop., surveyed 1000 U.S. adults and asked: "Do you think the financial press is making the economic crisis worse by projecting fear into people's minds?" A WHOPPING 78% said YES. If that is the case, why is it that almost every person we meet lately wants to talk about all the negative around us? In my opinion, they are looking for reassurance. I attended several holiday parties and visited relatives, and I was asked no less than 50 times in the last month, "How is the real estate market?'. Every time the question was asked, it was accompanied … (3 comments)
sales: November Market Statistics For Greater Tampa Bay & Sarasota, FL
- 12/01/08 07:23 AM
The Thanksgiving holiday is over and the Tampa Bay & Sarasota real estate markets are back into full swing. After a few slow weeks, I've written 2 contracts and had calls from several new buyers. By almost all accounts, the market seems to be stabilizing. Existing home sales in the Greater Tampa Bay area were up 10% for the 3rd quarter compared to 2007 numbers. Unfortunately, Sarasota sales slid 16% in the 3rd quarter compared to last year. That being said, I think we will see gains in both areas for the 4th quarter. I'm starting to see our roads become … (1 comments)
sales: Getting Out In The World & Looking For The Positive
- 11/17/08 05:39 PM
Last week I took a few days to attend the National Association Of Realtors Show over in Orlando. The NAR Convention and trade show is the largest conference for Realtors held every year. It runs about a week and features educational opportunities, motivational opportunities and the chance to network with Realtors from across the United States and real estate professionals from all over the world. I was lucky enough to meet two new international delegates this year, one from Canada and one from Norway. I have already set plans to follow up with the Canada representative and the Norway delegate made … (2 comments)
Local insight about the Tampa & Sarasota areas, economic conditions that affect the luxury housing market, and unique marketing ideas that help you sell your home.
Steve Eckhardt is the Founder, President, & CEO of Cornerstone Properties & Investments. He has been recognized by Who’s Who In Luxury Real Estate and has established himself as one of the area’s preeminent purveyors of luxury homes. His company, Cornerstone Properties & Investments, is a full service luxury boutique firm listing and selling some of the most expensive properties in Greater Tampa Bay and the Sarasota Gulf Coast Regions. His skilled team is committed to providing legendary client service with an unparalleled standard of integrity and expertise. Known for high-profile properties and clients, Steve can provide access to the most exclusive neighborhoods with complete confidentiality. His high regard for client's privacy is what keeps them referring friends and colleagues. We serve the Greater Tampa Bay, Clearwater, St. Petersburg, Sarasota, Siesta Key, and Longboat Key markets.
Over the last year an estimated $12.7 billion dollars in real estate was purchased in Florida by foreign investors. Over 86% of those investors bought these properties with cash. Factors that influenced these investors include a weaker dollar, discounted costs for property and increasing rent prices. The Tampa/St.Pete/Clearwater market came in at number 3 with approx. $1.4 billion in sales.
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