tampa: Luxury Home Sales In Odessa Were Hot In 2011!!! - 01/05/12 05:38 PM
While we’ve seen a few slow years in the non-waterfront luxury home segment, 2011 saw a welcome increase in the number of million dollar homes sold around the Tampa Bay area.  Within a 30 mile radius of Tampa, there were 51 properties sold with a price tag of $1 million or more. The average non-waterfront luxury property was a 5 bedroom, 5 bath, with 6039 square feet of living space and sold for $1,488,836, or $262 a square foot.
But, one area stood out as the clear “winner”.  Of the 51 luxury sales, 18 of the sales … (0 comments)

tampa: Jumbo Mortgage Rates Fall To Record Lows - 12/08/11 03:03 PM
The jumbo 30-year fixed mortgage rate fell to a new historic low of 4.68 percent, according to Bankrate.com’s weekly national research. The average jumbo 30-year fixed mortgage loan has an average of 0.4 discount and origination points.According to Bankrate’s survey, the average conforming 30-year fixed mortgage inched lower to 4.24 percent while the 15-year fixed mortgage held stable at 3.48 percent. Adjustable rate mortgages were generally lower, with the (blank) 5-year ARM dropping to 3.18 percent and the 10-year ARM inching down to 3.8 percent.Mortgage rates are very low, but based on the ultra-low levels of benchmark interest rates such as … (2 comments)

tampa: $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.

tampa: Just One Of The Many Reasons To Live On The Florida Gulf Coast! - 05/27/11 10:37 AM

Dr. Beach, America's preeminent beach expert, just named Siesta Key Beach in Sarasota the best beach for 2011.  Dr. Beach, who is also known as Dr. Stephen Leatherman of Florida International University, says, "The powdery sand is nearly pure quartz."  Wide swaths of open beach and gentle waves make it a paradise for anyone.  There's plenty of room to throw a blanket down and take in the sun's rays, walk along the water line or play a game of volleyball.
If you are looking for other great beaches where you can enjoy this Memorial Day weekend, check out my links … (4 comments)

tampa: 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

tampa: More Florida Buyers Are Paying Cash - 02/09/11 01:02 PM

With condos and homes selling for up to 60% off their all time highs, investors, move-up home buyers, and luxury home buyers are finding value in Florida real estate.  In December 2010, almost half of all buyers paid cash in the major markets in Florida. In the Tampa Bay area, over 44% of all buyers paid cash.  In Miami, over 54% of buyers paid cash.
Last year about 28 percent of all sales in the U.S. were cash transactions, according to the National Association of Realtors®. In 2008, the rate was only 14 percent.   In the last week, Zillow, The Wall Street … (0 comments)

tampa: 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)

tampa: Why We Advertise Our Listings Exclusively On The Internet......... - 12/13/10 04:18 PM
Internet usage has grown 121% in the past five years. So what are people doing less? Listening to the radio and reading things like newspapers and magazines.  Did You Know ...
...For more than one-third of home buyers, the first step in the home-buying process was looking online for properties.
...90% of homebuyers used the Internet as an information source when buying a home...77% of Internet homebuyers drove by or viewed a home they saw online...36% of buyers first found the home they purchased on the Internet
...Americans spend nearly a quarter of their time online on social networking sites and … (3 comments)

tampa: Brookings Economic Recovery Ranking Shows Tampa Surpassing Miami and Orlando - 12/11/10 03:46 PM
The city of Tampa is showing its strength in recovering from the recession. In a study of the economies of 150 cities worldwide before, during and after the recession, Tampa ranked 74th in terms of economic growth from 2009 to 2010. This was a huge improvement from its 120th ranking over the 2007 to 2010 period. its ranking was even better during the 1993 to 2007 period, when it ranked 83rd.
The 150 cities studied by Brookings Institution in its Global Metro Monitor were chosen not by their per capita income, but by their positions as areas of high-value and high-impact economic activity in … (0 comments)

tampa: Luxury Homes Outperforming The General Market - 09/01/10 04:42 AM
Early last week NAR released the national numbers for July sales.  Overall sales saw a large drop 27% from June and 25% year-over-year from July 2009. While the pundits debate whether the sharp drop in overall sales was a meaningful indicator of market activity or just a product of the expiration of the home-buyer tax credit and artificially time-shifted demand, they all seem to have missed the fact that while overall sales were sharply down, sales in the $1M+ price segment were UP in every region across the country and more than 6% nationally:

"Luxury homebuyers have been buying this summer," … (2 comments)

tampa: New Listing - The Bellamy On Bayshore, Waterfront Views - 08/26/10 06:25 AM
Tampa's Bayshore Boulevard is synonymous with gracious Florida living. Here residents enjoy the finest conveniences and comforts, including private elevator entries, wine cellar with private storage lockers, theater, library, conference center, concierge services, two social rooms, two elegantly appointed guest suites - even a fragrance garden. Every detail in this 22-story collection of 64 homes has been finely tuned to this locale's unique characteristics. This 3 Bedroom, 3.5 Baths, plus study offers unsurpassed views of the water, Bayshore, and Tampa. The gourmet kitchen includes a five burner gas cooktop with upgraded hood/venting that will accomodate an indoor grille … (0 comments)

tampa: NAR: International Interest In U.S. Homeownership Increases, Florida and California Remain The Top Two Destinations - 07/08/10 09:59 AM
WASHINGTON - July 8, 2010 - International homebuyers are increasingly attracted to property in the U.S., according to the National Association of Realtors®' 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country."While all real estate in the U.S. is local, the same is not true for property owners," said NAR President Vicki Cox Golder. "The U.S. continues to be a top destination for international buyers from all over the world. … (1 comments)

tampa: Flood Insurance Program Reinstated - 07/01/10 05:30 AM
Great news for our customers purchasing waterfront properties in Greater Tampa Bay, Clearwater, & Sarasota.  Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted. 
Steve Eckhardt, Broker, Luxury Real Estate Professional
Contact me at (813) 765-1182

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tampa: Florida Gulf Coast Relocation Video Series - Tampa Bay Area - 05/12/10 10:54 AM
In our effort to help home buyers relocating from different areas of the country, we have developed an 11 part video series to highlight the various cities we cover on the Gulf Coast of Florida. Our first video highlights the Greater Tampa Bay area.

The Tampa area is one of the world's most desirable areas in which to live, boasting a booming employment rate, year-round festivals and activities, and a climate that is consistently pleasant and sunny. As a vibrant metropolitan area on Florida's … (0 comments)

tampa: KPMG Study Reveals Tampa Ranks as the Least-Expensive Large U.S. Cities for Business - 03/31/10 07:39 AM
Very competitive labor costs along with moderately-low office/industrial leasing and sales tax costs help make Tampa the least-costly place to do business among 22 U.S. cities/locations with populations exceeding 2 million, according to a study by KPMG LLP, the audit, tax and advisory firm.
Steve Eckhardt, Broker, Luxury Real Estate Professional
Contact me at (813) 765-1182

Check Out Steve Eckhardt's Other Social Networking Profiles
Facebook   http://www.facebook.com/CornerstoneProperties
Twitter  http://www.twitter.com/theflbroker
Flickr  http://www.flickr.com/photos/27264581@N08/
LinkedIn  http://www.linkedin.com/in/cornerstoneproperties
YouTube http://www.youtube.com/csmtggrp85

tampa: New Housing Analysis Claims Sarasota & Tampa Bay Homes Are UNDERVALUED - 03/24/10 05:33 AM
In a report released by IHS Global Insight, using statistics from the end of 2009, titled House Prices In America, Sarasota area home prices are 27% undervalued and Tampa area home prices are 20% undervalued.
In the report, IHS deemed the country as a whole slightly undervalued.  When all of the 330 metro areas are weighted by market value, the nation is 8.9% undervalued. When weighted by housing units, the nation is 10.3% undervalued. House prices fell during the fourth quarter of 2009 by only 0.1% in quarter-over-quarter terms (1.2% year-over-year), according to the Federal Housing Finance Agency (FHFA). This decline, which … (0 comments)

tampa: Snell Isle Landmark Estate For Sale - Price tag: $18 million - 12/14/09 07:12 AM
A St. Petersburg waterfront mansion that was once home to Perry Snell, a prominent developer in the early 1900s, has been listed for sale for $18 million.

View The Listing Information By Clicking Here
Read The Tampa Bay Business Journal Story About The Home By Clicking Here
If you are searching for luxury homes and estates in the Greater Tampa Bay (Tampa, St. Petersbug, Clearwater) or Sarasota, please contact Steve Eckhardt at (813) 765-1182.
Listing Information Courtesy of Realty Executives

tampa: Wealthly Investors Plan To Increase Their Real Estate Holdings - 12/02/09 12:43 AM
A recent report commissioned by Barclays Wealth and written by the Economist Intelligence Unit shows a renewed confidence in residential real estate.  The United States was ranked as the most attractive global real estate market with China and India close behind.  Despite economic and financial turbulence, high-net-worth individuals have confidence in real estate as an investment and plan to increase their residential real estate portfolio allocations in the near term.
We are seeing this trend play out in the coastal markets around the Sarasota and Tampa Bay regions.  Properties on the water that would have commanded upwards of $5 to $8 million dollars … (1 comments)

tampa: August Home Sales - 09/28/09 06:35 AM
Tampa Bay home sales rose 17 percent between August 2008 and August 2009, but slowed from their relatively brisk pace in July. Realtors reported 2,370 sales in August, up from 2,029 a year earlier. The median sales price declined 17 percent the past year from $173,900 to $144,600.
Visit www.SearchForTampaHomes.com to have listings delivered directly to your e-mail.

tampa: 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.

Steve Eckhardt, Tampa, St Pete, and Sarasota Luxury Broker (Cornerstone Properties International) Rainmaker large

Steve Eckhardt

Tampa, St Pete, and Sarasota Luxury Broker

Tampa, FL

More about me…

Cornerstone Properties International

Address: 8875 Hidden River Parkway, Suite 300, Tampa, FL, 33637

Office: (813) 929-3900

Mobile: (813) 765-1182

Email Me

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.




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