tampa: Some Good News In Tampa Real Estate - 10/11/07 10:30 AM
The conventional media will tell you that: Tampa homes sales are downThe median price of homes in our area is downForeclosures are upInventory is at a record high And I’ll tell you the same. And that’s all true. No blowing of smoke allowed here.
But did you know this about Tampa real estate?
5800 residential properties have sold year-to-date, with 426 of them closing in September and 94 so far in October.There are 1033 residential properties in Tampa in pending status, meaning that they are under contract to be purchased. In October alone, 134 have gone under contract (just in Tampa, not … (0 comments)
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tampa: Tampa Real Estate Market Conditions Review - 05/18/07 09:30 AM
Since last week at this time the number of Tampa homes for sale has crept slightly upwards while the number of homes under contract remains stable and flat. This is a snapshot view of the market. Data used is from the Mid-Florida Regional MLS for city = Tampa. All brokers/agents included.
But hey, 141 lucky Tampa home sellers did find a buyer to agree to terms with them. Here’s some facts about the properties:
Average property was priced at $271k and is a 3/2, 1685 sqft built in 1976.Zip 33647 (New Tampa) leads the pack with 18 new properties in pending … (0 comments)
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tampa: MLS “Hotsheet” Reflects Market Conditions In Tampa - 05/16/07 05:46 AM
The Multiple Listing Service, or “MLS” contains a wealth of data that reflects the current Tampa real estate market conditions. As members, we can set up what is known as a “hotsheet”. My hotsheet contains new listings, listings with price changes, expired listings, and new pending listings in the areas in which we specialize.
Lately the hotsheet looks very similar to the one shown above with price changes leading the way in the count. The number and frequency of price changes has been on the increase lately as sellers become more competitive and realize what it takes to get the attention of … (0 comments)
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tampa: Listings Lost In MLS Misinformation - 04/16/07 04:23 PM
While doing some research recently I did a MLS search where the property type = “Single Family Home”. In the results was a condominium. Whomever entered the data for the property had submitted it as a single family home.
So anyone looking for a condo, whether an it’s an agent on the MLS or a prospective buyer on Realtor.com, would miss out on that particular condo. It was lost in the virtual world of MLS misinformation.
When a new listing is entered on the Tampa MLS there are 51 data fields that we, as Realtors, are required to fill. There are … (0 comments)
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tampa: Channelside Condo Market Watch 2 - 04/03/07 09:25 AM
A few months ago we posted the first of what will be an occasional look at what's going on in the Channelside District with respect to the many new condos and lofts for sale.
At that time there were 115 active listings of residential condos and lofts on the Mid-Florida Regional MLS. Some of the new buildings are now almost completed and the closings are beginning.
As of this morning, there are 148 active listings of Channelside condos ranging in price from $215k to nearly $1.7 million dollars. For $215k you can get a 620 sqft studio at Grand Central at Kennedy. For … (0 comments)
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tampa: Channelside Condo Market Watch 2 - 04/03/07 09:25 AM
A few months ago we posted the first of what will be an occasional look at what's going on in the Channelside District with respect to the many new condos and lofts for sale.
At that time there were 115 active listings of residential condos and lofts on the Mid-Florida Regional MLS. Some of the new buildings are now almost completed and the closings are beginning.
As of this morning, there are 148 active listings of Channelside condos ranging in price from $215k to nearly $1.7 million dollars. For $215k you can get a 620 sqft studio at Grand Central at Kennedy. For the $1.7m you … (0 comments)
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tampa: Tampa Home Sellers Continue To Pour It On - 03/30/07 12:32 PM
Looking to buy residential real estate in Tampa? Well, you’ve got more choices than ever! The number of brokered listings of properties in Tampa continues to rise, pushing 8400 as of this morning. That’s right. There are 8398 active listings in the City of Tampa today, over 1000 more than we saw at the beginning of this year.
What about sales? Well, in the first 15 days of March 2006, there were 524 units sold in Tampa. We’ve seen 242 properties sold, same period, this year. But 154 properties did go under contract in the past 7 days. Buyers are buying. … (0 comments)
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tampa: This Week In Tampa Real Estate: Supply Outpaces Demand - 03/23/07 08:12 AM
As much I keep expecting to see more sales activity for homes in the City of Tampa, it just ain’t happening. At least it’s not being reflected in the number of pending listings on the MLS. Pending listings are those that are under contract, or those that have found someone who wants them at an agreed upon price. It doesn’t mean it’s a done deal or “sold”, but it’s a start.
There is certainly more buyer activity in the way of e-mail inquiries, phone calls, showings, etc., but those buyers are still taking their time for the most part. And … (3 comments)
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tampa: Fairly Stable Week For Tampa Real Estate - 03/16/07 09:16 AM
The number of homes listed for sale in Tampa crept slightly upwards this week, while the number of pending contracts followed suit.
And 135 residential properties went under contract in Tampa since March 9th (and as of this post)
Some facts about those homes:
Average List Price = $282,028Average Bed/Baths = 3/1.89Average Size = 1645 htd/cooled sqft.Average Year Built = 1980Highest Priced Home = 7307 Pelican Island (Dana Shores Area) Listed by Coldwell Banker MLS grid WO16 has the most new contracts with 6! This is the Palm River Townhomes off of US 41 and Palm River Rd.
… (1 comments)
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tampa: 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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tampa: 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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tampa: 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.
Browse Our Featured Listings
Browse Tampa Homes & Condos For Sale
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tampa: 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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tampa: 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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tampa: Where Is Ridgewood Park? - 01/18/07 11:29 AM
This is a neighborhood I mention quite a bit as being a sleeper of a neighborhood. It is small and relatively unknown by most Tampa residents. Most people recognize the names of its neighbors, Tampa Heights and Riverside Heights, but many, if not most, have not heard of Ridgewood Park. If you’ve ever been to Rick’s On The River, just look across the river to Ridgewood Park.
Map Courtesy of Hillsborough Community Atlas
Ridgewood Park is comprised of 83 acres of land adjacent to the Hillsborough River, due north of the University of Tampa and Blake High School. Its … (2 comments)
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tampa: 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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tampa: 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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tampa: 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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tampa: 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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tampa: 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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