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florida: Tampa MLS Real Estate Activity For Week Ending 3/2/07 - 03/03/07 05:55 PM
One week’s activity doesn’t make a trend. But looking back at the last month or so, the state of residential real estate in Tampa has remained fairly stable with respect to supply and demand.
The number of active listings in the City of Tampa has not changed much over the last 7 days, nor has the number of pending listings, or listings under contract to be sold.
With respect to buyer activity, 157 listings have gone under contract in the last week alone. Here are some statistics on what the happy sellers have to offer:
They are selling homes … (0 comments)
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florida: Stability Is The Word In Tampa Real Estate This Week - 02/23/07 07:43 AM
Not much to report this Friday regarding any changes in the state of the Tampa residential real estate market. The number of listings available for sale in Tampa increased slightly, along with an increase of the number of properties under contract pending a closing. Simply stated, demand has kept pace with supply over the last 7 days.
However there is mostly an optimistic view from individuals in the business currently. I have spoken with lenders, Realtors, title agents and home inspectors over the last few days and all are reporting an increase in activity and all had a relatively positive … (0 comments)
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florida: Tampa Homes For Sale Inventory Swells Yet Again - 02/09/07 08:18 AM
As it usually does this time of year, the number of homes for sale in Tampa is on the rise. However, the difference between the number of homes on the market, and the number of homes under contract continues to swell as well. Many homes are being listed for sale currently as we begin to enter the busy spring and summer seasons in which home buyers are more active.
The chart above clearly shows the trend of increasing supply (listings) and the trend of demand (pendings) remaining relatively flat.
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Browse Tampa Homes & Condos For Sale
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florida: Tampa’s Residential Real Estate Inventory Remains Stable - 02/02/07 09:03 AM
After a few weeks of double digit gains, the supply of residential properties for sale in Tampa remained stable this week. As of this morning there are 7748 active properties listed for sale in the City of Tampa. Demand has not changed much with respect to the amount of homes under contract as this number has remained stable as well.
SearchTheTampaMLS.com
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florida: It Just Gets Better For Tampa Home Buyers - 01/19/07 09:56 AM
BROWSE TAMPA HOMES FOR SALE
The trend of increasing supply of Tampa homes for sale continues as we enter the second half of January, 2007. After the inventory of homes for sale stabilized somewhat in October of 2006, the sellers are making a substantial push, widening the gap between homes under contract and homes looking for a buyer.
As we saw last week, the number of properties listed for sale in Tampa increased by about 200 units this week as well. While the number of homes going to pending status also increased, the difference between the two widened, representing an … (1 comments)
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florida: This Just In: Speculators Are To Blame - 01/10/07 10:06 AM
The Wall Street Journal is reporting that speculative buying played a major role in the recent run-up of real estate prices in Florida, especially southwest Florida. Ya think?
Were the speculators the cause, or the effect of quickly appreciating real estate in Florida. Which came first, the speculators or the price increases? Were the speculators just fuel added to the already hot fire?
We know that there were many people like Marjorie Dresner, who were seemingly out of control buying up anything that they deemed as a good investment, and are now holding many properties valued at much less than was … (2 comments)
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florida: Yet Another New Listing System Makes Its Debut - 01/04/07 04:46 PM
Marketing a listing on the web continues to become more involved as new listing systems are debuted and begin competing for home buyers’ eyes. The latest to debut is the “Point 2 NLS“, or national listing service. Point2 is company that specializes in websites for real estate agents. The company offers a free standard website for agents and listings entered on the Point2 sites are shared across a number of other home search sites.
My brokerage firm, Keller Williams Realty, recently debuted the new “KWLS” or Keller Williams Listing Service for Keller Williams agents. KW plans to use this listing data … (34 comments)
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florida: Question Of Ethics And Changing Listing Agents - 01/03/07 11:16 AM
This morning’s e-mail had this question from a visitor to one of our websites:
The contract with my realtor expires on Jan 20. I’m looking for another realty company; why should I choose Keller Williams?….
These inquiries always make me suspect and so I go to The Realtor Code of Ethics to make sure I handle this appropriately. So a quick scan of The Code leads me to an adequate answer:
Standard of Practice 16-6 When REALTORS ® are contacted by the client of another REALTOR® regarding the creation of an exclusive relationship to provide the same type of … (2 comments)
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florida: Tampa Home Sales Increase In December - 01/02/07 11:37 AM
December was the best month for home sales in Tampa since August. Home sales in Tampa reached 836 units in December of ‘06, up from 723 in the previous month. Home sales peaked in August for the second half of 2006 at 899.
Data used is from the Mid-Florida Regional MLS and includes all property types in the City of Tampa.
Browse Tampa Homes For Sale:
SearchTheTampaMLS.com
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florida: Tampa Bay Condos Attract Buyers By Using An Inexorable Force - 12/27/06 05:25 PM
As I was heading to a pre-closing inspection of a new townhome this morning I happened upon the sign in the photo above. What could this possibly mean? Who was responsible and why did they need to post this sign here?
So off I went to get the definition of “suck”. It seems that the best definition available for this discussion is is “to attract by using an inexorable force”. Great, but what does inexorable mean? I believe adamant or persuasive works best here.
Yes then. Condos sucked many buyers into Florida from all over the world over the past … (21 comments)
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florida: Understanding Condominium Ownership In Florida - 12/22/06 05:18 PM
I find that many condo buyers, whether they are first timers or not, often do not understand the differences in condominium ownership as compared to fee simple ownership. The two types are quite different and prospective buyers of condominiums should fully understand the issues involved in ownership.
The word condominium is a combination of Latin words meaning together (con) property (dominium). Owners of condos own only the individual unit (horizontal and vertical space) in fee simple along with joint ownership of the common elements of the property. The legal description of the real property will usually state the percentage of … (4 comments)
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florida: No More Buyers, No More Sellers Of Tampa Homes - 12/15/06 08:54 AM
As we approach the end of the 2006 and with the holiday season upon us, the supply and demand of residential real estate in Tampa remains flat. The number of active listings as well as the number of pending listings has not changed much since mid-October when these numbers began to flatten out.
New listings, of course, had been on the rise steadily through the first 3 quarters of the year, while the number of listings with buyers under contract has fallen steadily since mid-April. As far as supply and demand goes, conditions are pretty stable.
That noted, inventory is still … (0 comments)
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florida: New Home In Beach Park South Tampa Florida - 12/14/06 02:48 PM
Beautiful new home in south Tampa’s Beach Park neighborhood features attention to detail and first class finishing throughout. Situated on a corner lot in one of Tampa’s older and most centrally located neighborhoods, this contemporary home features concrete construction on lower and upper floors, an over-sized 2-car garage (side access), 10’ ceilings, an open, entertainment friendly floor plan and a covered veranda w/gas grill for outdoor enjoyment.
Other fine features include granite counters in kitchen and all baths, dual cooling systems, custom cherry cabinetry in kitchen, large master bedroom (19’ x 18’9”) with an over-sized bathroom including garden bath with … (0 comments)
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florida: Historic Hyde Park (Tampa) Bungalow Gets A Major Renovation - 12/14/06 07:08 AM
December 14th, 2006
The Hyde Park neighborhood of Tampa was originally developed in the early part of the 20th century and is situated near the mouth of the Hillsborough River and in the shadows of downtown Tampa. The predominant architecture is of an American Craftsman style and many of the homes have been well preserved.
Native Dwellings, LLC is a Tampa company that specializes in constructing and renovating South Tampa area homes with the intent to blend the character and quality of the past with today’s technology. One of their most recent and notable projects has been the major restoration … (2 comments)
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florida: Big Discounts On Luxury Homes In Tampa - 12/12/06 11:57 AM
In our current buyers’ market we know that price reductions are common and most buyers don’t expect to offer or purchase a home at the full list price. Very few homes are selling at 100% of list price. Buyers sense no competing bids and are thus inclined to come in with a very low opening offer. Some buyers are finding motivated sellers and these buyers are getting big price reductions and many of the homes are some of the higher priced.
For instance:
A brand new home on Bayshore Blvd in South Tampa that was listed at $3.3m recently sold … (0 comments)
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florida: Good Time Or Bad Time To Invest Or Develop In Florida? - 12/06/06 03:47 PM
The University of Florida’s Center For Real Estate Studies’ 4th quarter survey of the real estate market is now available online. This survey had 183 respondents (brokers, appraisers, lenders, developers) and the summary is one of ongoing pessimism for Florida residential properties.
One notable statistic is that the amount of respondents who believe single family home prices will continue a decline has risen to 47%, up from 24% back in July. And 81% of respondents feel that single family home prices will either decline or at least lag the rate of inflation.
Seventy percent of respondents said that now is … (1 comments)
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florida: Disclosing Death In A Home For Sale In Florida - 11/28/06 11:03 AM
I recently had a prospective client ask me to list his home for sale. During our initial conversation he noted that his mother had recently passed away in the home and that she was discovered by a visiting relative.
Sellers are required to disclose anything that will materially affect the value of the real property. So is this something he needs to disclose? I will surely be asked by buyers and/or their agents the reason why the home is for sale. “Estate sale”, will be my answer. If the question of whether or not the owner died in the home is … (1 comments)
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florida: Median Price Of A Home In Florida Same As A Year Ago, Condo Prices Fall - 11/21/06 07:07 AM
For the third quarter of 2006, sales of existing single family homes were down by 34% as compared to Q3 of 2005. Furthermore, the median price statewide remained about the same as it was for the third quarter of 2005.
However, the median price of a Florida condo did decline by 3% with sales down by 41% for Q3. With so many new construction condos as well as condo conversions, this property type was primed for a price correction and I think this is just the start for them. Many speculative investors bought condos that were recently converted from apartments with … (2 comments)
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florida: Downtown/Channelside Interactive Map Shows What Is (Was) Planned - 11/18/06 07:14 AM
CB Richard Ellis’ website has an interactive map that shows most, if not all of the projects that were planned in the downtown and Channel District areas of Tampa. And while many of these projects are now dead or delayed, the map gives a good overview of what the future of these areas may hold.
Some of the projects, such as Parkside at One Bayshore, Parkcrest Harbour Island, Victory Lofts, Art Center Lofts and Channelside 212 Lofts have been completed. Others, such as Skypoint, Grand Central at Kennedy, The Towers at Channelside, The Place and The Plaza at Harbour Island … (0 comments)
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florida: Tampa Listings Inventory Remains Flat - 11/17/06 11:13 AM
The amount of available residential listings in Tampa continues to remain steady, a trend that began back in early October of 2006. Since April, the listings inventory had been on a fairly rapid climb, while the number of listings going under contract had been falling.
These numbers began to stabilize in early October and have remained fairly flat since then. There was a slight downward tick in the number of listings available in Tampa as compared to a week ago.
As of this morning there are 7547 residential properties listed in Tampa with another 1682 listings under contract and pending closing.
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Lenny Gurvich
Tampa,
FL
More about me…
Keller Williams Realty Tampa, Florida
Address: 3502 Henderson Blvd, Tampa, Fl, 33609
Office Phone: (813) 205-1802
Cell Phone: (813) 205-1802
Email Me
News, information, and observations regarding the state of the Tampa, Florida residential real estate market!
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