10/19/2015 OCTOBER 20th THRU NOVEMBER 10th
RE/MAX Marketing Specialist closed on 133 transactions for a total sales of $24,600,000.00 in September alone.
Have any NEW listings gone pending in the past 60 days? “NO”
One home that has been listed for 245 days went pending Oct 9th!
Tampa Bay Golf & CC currently has 26 active homes on the market!
Understanding the asking and selling price (per square foot) certainly has a relevant deception for many agents! Is there an uncertainty in presenting a value for a seller? Will it be reflected in an appraisal? Homes are categorized by two bedroom and three bedroom, and appraised value has significant differences. Do not be deceived by over estimated or under estimated sq ft value. The square foot of a home in Tampa Bay Golf and CC at 1600 or less is averaging $93.00 and 1650 or more is averaging $99.00 a sq. ft.
You have questions? I have honest common sense answers for my findings!
Call me for details when considering the sale or purchase of your home.
Five 5 homes are pending, four (4) withdrawn, and eight 8 have sold and I sold two (2) homes in the past 20 days!
Out of the eight sold, 5 are new homes that received certificate of occupancy in the past 10 days. Three 3 homes “resales” realistically closed, or SOLD in the past 20 days!
I am fortunate to have a staff that assists me with all the changes happening in the next 6 weeks. RE/MAX is ROLLING OUT an incredible new program with many great features and enhancements for our buyers and sellers!
This is assisting all our agents with additional referrals and creative
new leads our buyers and sellers for our customers.
I also have acquired an associate to assist me and an assistant that completes all our tons of data entry and findings for all our Home Value Analysis
“This is HUGE”
10/19/2015 TAMPA BAY GOLF & CC OCTOBER 1st THRU 19th
I would like to thank everyone that comes to view my posts. They are worth the effort and are not real lengthy.
FOR THE RECORD Since August 24th I’ve sold seven properties in the past 62 days for a total of $1,450,000. I also had the buyer and seller on 2 of the properties! All but one were in Tampa Bay.
MULTI-MILLION DOLLAR PRODUCER DURING THE SLOWEST TIME OF YEAR!
RE/MAX Marketing Specialist total sales for September $24,600,000.00 with 144 transactions. Tops in the State of Florida for RE/MAX international. I’m proud to be part of this incredible program, the training and advance tech support is more than I could ask for. October looks as if it will exceed September sales. Spring Hill has a huge retirement community that overwhelms Tampa Bay. The experience I’ve gained with all the 55 and older communities has been over the top!
Call me for a FREE Brokers Price Opinion, or CMA
When I bring a buyer to my listings, and we porcure a purchase agreement, my marketing fee is reduced by 2% this reduces your costs from an average 6% to 4%!
Call me to find out how I’m able to do this and for additional FREE perks and market analysis of you home.
Twenty five (25) homes are on the market currently. Up from the average 20-22 in previous months. Twenty three (23) are pending, Three (3) have closed! Only three have closed and recorded since September 1st.
10/10/2015 SEPTEMBER 20th, through OCTOBER 11th 2015
PREVIOUS BLOG September 20th thru October 11th IS A MUST READ!
“INCLUDES UP TO DATE DATA FOR TAMPA BAY GOLF & CC!
An accurate account summary for sales, September and the past 20 days from September 20th through October 11th are at the bottom of my previous blog titled “55 and older communities have ideal characteristics that are difficult to measure!”
10/10/2015 55 AND OLDER COMMUNITIES HAVE IDEAL CHARACTERISTICS THAT ARE DIFFICULT TO MEASURE!
55 AND OLDER COMMUNITIES HAVE IDEAL CHARACTERISTICS THAT ARE DIFFICULT TO MEASURE!
DATA SOURCES referenced; byTapestry Segmentation!
ESRI’S Tapestry Segmentation divides U.S. residential areas into 65 distinctive segments based on socioeconomic and demographic characteristics to provide an accurate, detailed description of U.S. neighborhoods, a tool few brokerages have access to!
“The information shared in my blogs, is also educating my colleagues, however to plagiarize my findings and use them in their own presentations can be more harmful to the seller and the community than helpful!” More importantly to not independently explore and research data, defines the differences in ones integrity! Providing unsupported data introduces doubt to anyone representing a seller. Misinformed seller’s loose their hopes and aspirations with unrealistic values and a long market history! These practices will ultimate tarnish the credibility of a property and question the true value by today’s buyers, educated through the internet.
Inside the boundaries of Tampa Bay, and similar communities, prices have increased a minimum 34% since July of 2014. Conservation, Pond and Golf Course Frontage views bring an additional $12,000 to $35,000 to a sale! Location is an element, size of lot and view! I’ve found in many of my buyers appraisals, and “a seminar Florida appraisers put on for our RE/MAX agents recently” explains some highs and lows of a home evaluation.
A recent appraiser used two (2) brand new homes to compare values on a home I recently sold. Extremely important to note! Depending on upgrades, a few of us agents have sold up to $127.00 per sq. ft.! To compete with the New Home prices a Home Warranty is very helpful. In most sales, a home that sits on an ideal location with limited or low quality enhancements, and upgrades does not necessarily bring the premium a seller may hope for! “UPGRADES must provide similar, and consistent comparisons as new home conditions appear!” EXAMPLE; Place yourself as a buyer with a fixed image, once viewing a new model home, and very new re-sale with similar conditions! Now ask yourself, “do I qualify for asking a premium price for my property?” So much goes into the core of the evaluation, the appraiser performing the value! We have all heard the phrase, “first impression is everything!”
SEPTEMBER’S RECORDED SALES;
FOUR (4) Three were re-sales and one was a New Home!
Currently Twenty five (25) ACTIVE homes on the market! Indicates buyers are fewer and demand is less due to the coming Holidays! Eleven (11) PENDING, Three (3) withdrawn, and the MLS recorded Six (6) closed in September!
This does not contradict how many homes were recorded sold! The Multiple Listing Service provides a Market Analysis based on current activity. Recorded sales are confirmed through Pasco County Property Records!
Keep informed check my blogs at least every other week. Call me for current accurate BPO, Brokers Price Opinions, and/or also called CMA, Comparative Market Analysis
9/21/2015 MARKET UPDATE SEPT. 1st THRU SUNDAY 20th
Tampa Bay Golf and Country Club
MARKET UPDATE FROM TUE. SEPTEMBER 1, THRU SUNDAY SEPTEMBER 20, 2015
Golf & Conservation frontage at a PREMIUM, for re-sales!
Data shows homes 8 years old or less, with exceptional UPGRADES
have netted on AVERAGE $119.00 per. sq. ft.
TWO (2) of which $123.00 and $127.00 per sq. ft. in last 45 days!
1600 sq. ft. or LESS have averaged the past 45 days, a net near $94.00 a sq. ft.
1600 sq. ft. or MORE have averaged the past 45 days, a net near $109.00 a sq, ft.
PLEASE KEEP IN MIND, CURRENT UPGRADES MAKE A SIGNIFICANT DIFFERENCE in your net sold price!
September, October and November are typically slow months for Tampa Bay Golf & CC. however buyers are on watch as homes come on the market. I’m assuming this is the reason for a consistent 20 to 22 active home average.
CURRENT MARKET CONDITIONS (past 20 days)
Twenty to Twenty two (20-22) active homes excluding New Home’s posted on the MLS! A three week break down. (20) ACTIVE ……. (15) PENDING ……. (3) CLOSED at this point in September. Eight (8) New homes have been completed and closed since July 20, 2015 highest recorded sold price $292,895
I personally, Dan Swing Residential Division Adviser, recently closed on 29136 Coharie Loop, and 29216 Coharie Loop, and 29308 Marker Loop. Just listed 10823 Cup Dr. and brought a buyer 4 days later. Should close early in October! I have seven (7) transactions scheduled for October and I’m looking for, sellers, and I don’t mind providing,
FREE Brokers Price Opinion (BPO) aka (CMA)
9/1/2015 AUGUST 11, THROUGH Monday AUGUST 31st. MARKET SUMMARY
MARKET APPEARS TO BE A ROLLER COASTER RIDE, HOWEVER APPEARANCE AND FACTS ARE DECEPTIVE!
24 recorded sales for August. Six (6) were new homes and 17 were re-sales!
Buyer traffic is diminishing in the Tampa Bay Golf & CC community at this time. Buyers are inquiring, but the dollar range is active at $135,000 or less. A bank owned foreclosure on Coharie Loop fairway frontage, was recently withdrawn by the servicing lender at $177,000 and I’m confident it will appear at a much higher asking price soon enough!
It’s important to understand the difference between a bank owned foreclosure and a corporate owned property. When purchasing a bank owned property, the buyer must sign addendums that hold harmless the sellers for any reason! The servicing lender may require the buyer to pay all doc stamps and closing costs that are normally paid by a seller. The process is not the same as it was years ago. It’s a whole different animal in today’s market.
RE-SALES with 1600 sq. ft. plus appear on the most part to be maintaining an average $109.00 per sq. ft. although the peak of the season is behind us. September, October, November sales drop considerably and this may encourage sellers wanting to move for various reasons to lower their sq. ft. asking price due to lack of activity.
*NOTE; Six (6) properties went pending during the unseasonable market condition’s and continues to stay steady at 20 to 22 active listings excluding K-Hovnanian homes
Tampa Bay has (22) active listings, two (2) appear to be K-Hovnanian, new under construction and the remainder are re-sales. Nine (9) have closed in the past 20 days and appear to have gone pending in June or mid-July. So do not take these stats with much confidence in current conditions. Six (6) have gone pending in the past 20 days and this is encouraging! Inventory is extremely low for a community as large as Tampa Bay Golf & CC. yet the community is quickly turning inventory over and keeping a steady average.
“GOLF COURSE FRONTAGE CONTINUES TO HOLD A PREMIUM”
NEW HOME BUYERS will compromise new built for re-sale when a premium location is available.
8/9/2015 TAMPA BAY GOLF – JULY 30TH THROUGH AUGUST 10TH MARKET SUMMARY
JULY 30TH THROUGH AUGUST 10TH MARKET SUMMARY
PLEASE REVIEW THE PREVIOUS BLOG POSTED THIS DAY OF AUGUST 9TH A INTERESTING SUMMARY OF FORECLOSURE SALE PRICES VS MARKET VALUE!
Buyer’s continue to inquire about Tampa Bay Golf and Country Club, Seven (7) homes sold this past ten days. One (1) went pending and makes a total of sixteen (16) homes pending under contract. Currently twenty three (23) homes are active, and K-Hovnanian is advertising two of these homes. Average sq. ft. sale price has not changed enough to remark on.
“GOLF COURSE FRONTAGE IS RECEIVING A PREMIUM”
8/7/2015 WOW MARKET IS SHIFTING JUST AS I PREDICTED IT WOULD!
A FORECLOSURE SELLS ABOVE MARKET VALUE!
NOTE “BOTH VILLAS ARE 2 BEDROOM 2 BATH
29554 Fade (VILLA) June 19th contract, sold for $92.36 sq ft and a foreclosure 1440 sq. ft. $133,000 got their asking price. 29548 Fade, (VILLA) foreclosure nicely refurbished by investor, listed at $132,900 or $92.29 per. sq. ft. on the market 40 days and currently pending (AWC) It appears the stripped foreclosure corner lot 29554 Fade sold above market value.
CURRENTLY TAMPA BAY HAS THREE (3) VILLAS (ACTIVE) ON THE MARKET ONE (1) 3 BEDROOM AND 2 BATH AND TWO (2 ) 2 BED AND 2 BATH
TWO VILLA’S ARE (2) PENDING, FADE is in the first paragraph, and 10307 Chatuge a NASTY foreclosure. both 2 bedroom 2 baths.
NOTE “ALL OF THE HOMES POSTED BELOW ARE 3 BEDROOM 2 BATH”
10811 Moshie Ln (NOT A VILLA) June 12th contract, sold for $87.22 per. sq. ft. and a foreclosure 1604 sq. ft. received asking price of $139,900
9523 Rolling Cir, (VILLA) May 22nd contract date, sold for $93.36 per sq ft. not a foreclosure 1521 sq. ft. $140,900 got their asking price.
29647 Tee Shot Dr. (NOT A VILLA) June 25th contract date, sold for $89.29 per sq. ft. not a foreclosure, 1708 sq. ft. received asking price of $159,900
29606 Tee Shot Dr. (NOT A VILLA) July 2nd contract date, sold for $86.12 per sq. ft. not a foreclosure, 2032 sq. ft. received reduced asking price of $189,000.
29406 Coharie Loop (NOT A VILLA) July 17th contract date, sold for $121.33 per sq. ft. not a foreclosure, 1,772 sq. ft. received reduced asking price of $220,000. “THIS WAS GOLF COURSE FRONTAGE”
7/27/2015 TAMPA BAY GOLF & CC SALES JULY 2014 THRU 2015 REVIEW
RE-SALES per Square Foot price in Tampa Bay Golf “ONE (1) YEAR ago” July 2014 for 1551 sq. ft. or larger averaged $80.75 per SOLD sq. ft. This same market today is selling for $109.00 per sq. ft. Almost a 30% increase per sq. ft.
EXCLUDING K-Hovnanian homes
THIS MARKET REVIEW IS FROM JULY 21ST THROUGH JULY 27, 2015 for Tampa Bay Golf & CC
Two (2) homes closed this past week, both were over 1700 sq. ft. and sold for $109 and $116 per sq. ft.. A total of Nineteen (19) properties are actively on the market. Three (3) are pending and One (1) expired listing! Buyer Traffic has slowed down for July, three month later than anticipated. No homes have been recorded that Sold by Owner in the past 6 weeks. Always remember when inventory is low, the BEST OPPORTUNITIES TO SELL are during these times. May take 120 days on the market but their are many educated buyers wanting to live in our community of Tampa Bay Golf and Country Club! The National Association of Realtors Data continues to support this theory.
Currently Nineteen (19) Homes are for sale, Twenty (20) are pending, Five (5) withdrew & relisted their property, and twenty three (23) Closed in the past 60 days! Homes less than 1550 sq ft. includes Villas average sale price rose to $96.00 Per sq. ft. 19% higher than June 1st reporting. Homes 1551 to 2500 sq. ft. Average sale price $109.00 sq. ft. up 8% from June 1st. Data source My Florida MLS. This does not include private sales, average sold sq.ft. price $105 “excluding foreclosures!” An interesting observation, TWO (2) Bank Owned properties withdrew their accepted Purchase Agreement, buyers agreed to not pursue damages for doing this! A consequence and gamble to pursue these opportunities! AND ONE (1) Bank owned home’s servicing lender replaced the roof! Unheard of before this market became so active.
GOLF COURSE FRONTAGE & CONSERVATION PROPERTIES ARE AT A PREMIUM!
The Consumer Financial Protection Bureau is proposing a delay to new mortgage disclosure rules, pushing back the start date to Sat., Oct. 3, this may encourage some buyers to move forward sooner than later. There are some good things in this new practice and some challenges. However my personal opinion is it will be in favor of the new buyer’s.
7/21/2015 MARKET REVIEW FOR TAMPA BAY GOLF & CC JULY 1st Thru JULY 20th.
THIS MARKET REVIEW IS FROM JULY 1st THROUGH JULY 21, 2015
Five(5) homes sold & closed since July 1st . A total of Twenty one (23) homes are active on the market. One (1) is NEW K-Hovnanian on the MLS to drive traffic into Tampa Bay.
This report includes REALTOR and NON-REALTOR transactions! A total of (7) homes have sold at this time in July. (5) Through the Multiple Listing Service. The (2) sales by owner or brokerage agreement by a Realtor have not been recorded as yet and not fair to share the sold sq. ft. price at this time. ONE (1) MLS sale has recorded a sold sq. ft. price of $120.00 per sq. ft. this has not been verified. This property was fully furnished and either went with sale or negotiated.
The average sale price for 1600 heated square feet or less still prevails at $91.50 up 12.5% from Mays average. Only one recorded home 1601 to 2500 square feet average have no verified recorded records to substantiate a fair value at this time.
To continue to help buyers and sellers understand the difference in sq. ft value more than likely are 2 bed 2 bath homes. Not the rule in concrete however provides a strong accuracy in statistics. Important data appraisers use.
Currently (7) homes are under contract, to close soon. This does not include homes For Sale By Owner or K-Hovnanian homes certified for occupancy.
Total recorded transactions and active homes for sale currently equals (35)! Current inventory has been consistent for new listings the past three (3) months. With a low amount of active inventory it’s fair to say it is a seller’s market by National Association of Realtors standards!
GOLF COURSE FRONTAGE & CONSERVATION PROPERTIES ARE AT A PREMIUM!
K-HOVNANIAN only has a few conservation lots left and the Golf Course frontage owned
is not for sale currently.
THREE (3) OF JUNES SALES WERE by Dan Swing, MY BUYERS. One re-sale RECORDED $111.00 per Sq. Ft
Five homes withdrew their listings, and (2) re-posted for different reasons. A total of Twenty one (21) homes are active on the market. TWO (2) are NEW K-Hovnanian on the MLS to drive traffic into Tampa Bay.
This report includes REALTOR and NON-REALTOR transactions! A total of 9 homes were sold in June, per the Realtors’ Multiple Listing Service. However a Correction in recorded sales for “May, Fourteen (14) sales!” Up by Four (4) as originally reported. A discrepancy from some reported activity. Two (2) were new and the remainder were re-sales.
The average sale price for 1600 heated square feet or less $91.50 up from $79.00 reported June 1st.The average sale price for 1601 to 2500 square feet average $101.77. This excludes (2) foreclosures and (2) new homes.
The reasoning behind the square foot documented averages of 1500 or less? More than likely are 2 bed 2 bath homes. Not the rule in concrete however provides accuracy in statistics. Important data appraisers use.
Currently (18) homes are under contract, to close soon. This does not include homes For Sale By Owner or K-Hovnanian homes certified for occupancy.
May I add that in the past 45 days, RE-SALES I procured, and a few other brokerages PLUS ONE (1) For Sale by Owner with EXTREME UPGRADES and LOCATIONS have sold for $111.00, $109, $115.00 and $117.00 per sq. ft. some of the comparable properties used by appraisers were NEW HOMES!
7/1/2015 AUGUST 1st PROPOSED MORTGAGE RULE MAY BE DELAYED
The Consumer Financial Protection Bureau is proposing a delay to new mortgage disclosure rules, pushing back the start date to Sat., Oct. 3.
The original deadline for the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure regulation was Aug. 1. The proposed date change still must undergo public comment before July 7. The new implementation date will not become official until the final rule is issued by the CFPB
The new “Know Before You Owe” mortgage disclosure rules aim LEARN MORE: Don’t get Thrown by Doc Overhaul to streamline the disclosure process for home buyers during closing by merging the Truth in Lending Act and the Real Estate Settlement Procedures Act into one form.
“The bureau believes that scheduling the effective date on a Saturday may allow for smoother implementation by affording industry time over the weekend to launch new system configurations and to test systems,” the CFPB wrote in the proposed rule that details the new deadline. “A Saturday launch is also consistent with existing industry plans tied to the Saturday, August 1, effective date.”
NATIONAL MORTGAGE NEWS (June 25th, 2015) click on The Consumrer Financial Protection Bureau
7/1/2015 BIGGEST OPPORTUNITIES IN BOOMER MARKET
A new study by research firm HouseCanary suggests we not ignore an inconvenient truth: Baby boomers have the buying power.
Baby boomers have fueled the housing market for decades as the biggest drivers of growth in the entry-level market in the 1970s and ’80s, as well as the move-up market in the ’90s and 2000s. Boomers aren’t slowing down: They’re expected to continue to drive household growth over the next 20 years “due to significant wealth and high home ownership rates,” according to HouseCanary. Over the past year alone, baby boomers accounted for 244 percent of household growth annually.
“The vast imbalances in wealth and home ownership among baby boomers and Millennials are resulting in wide disparities in the demand for home buying versus renting,” says HouseCanary President JP Ackerman. “Our analysis indicates that rising interest rates and home prices will exacerbate the situation. The Millennials’ market is estimated to be severely jeopardized as they are carrying high debt with limited savings. Monthly payments get further out of reach.
A new study by research firm HouseCanary suggests we not ignore an inconvenient truth: Baby boomers have the buying power. HouseCanary CEO Jeremy Sicklick says his company’s research indicates “greater opportunity for Developers is to continue to target the aging population with for-sale inventory!”
Source: House Canary
7/1/2015 TAMPA BAY GOLF & CC SALES ACTIVITY FOR JUNE 22nd thru 30thst
Currently 22 homes are PENDING – 21 RE-SALE HOMES are ACTIVELY on the MARKET and 2 NEW K-HOVNIANAN HOMES ARE ADVERTISED IN MLS. It’s believed approxematly 5 lots with future homes are closing weekly by K-HOVNIANAN.
NO GOLF COURSE FRONTAGE AVAILABLE AND ONLY A SPARC FEW WITH CONSERVATION BACKING UP TO NEW CONSTRUCTION.4 RESALE HOMES WENT PENDING THIS PAST WEEK! NO RE-SALE INVENTORY IS AVAILABLE. “TAMPA BAY GOLF IS IN A SELLERS MARKET”
GOLF COURSE FRONTAGE & CONSERVATION PROPERTIES ARE AT A PREMIUM!
TWO (2) homes closed, FOUR (4) re-sales went pending, and 2, TWO (2) WITHDRAWN in the past 7 days. THREE (3) of the properties reported were under 1600 sq. ft, and ONE (1) was over 1600 sq. ft. .
WITH INVENTORY AT AN ALL TIME LOW FOR 2015, THE LEVERAGED PRICE PER SQ. FT. IS ON THE RISE.
You may want to PLACE YOUR PROPERTY ON THE MARKET NOW!
6/22/2015 TAMPA BAY GOLF & CC SALES ACTIVITY FOR 15th thru 21st
Currently 16 homes are PENDING – ONLY 18 RE-SALE HOMES are on the MARKET
This is an AVERAGE OF 5 HOMES PENDING EVERY 7 DAYS. Almost one (1) per day!
TAMPA BAY GOLF AND COUNTRY CLUB SALES REPORT FOR JUNE 15th thru 21st
DAN SWING SOLD the 2500 sq ft. home at 10133 COLLAR this past week! Appraised at 250,000!
In the past 60 days a home 1600 sq.ft. or larger, the average listing price was $106. per sq.ft. and the avg. Sold price was $102 per sq. ft. the average days on the market was 96 days.
In the past 60 days a home 1550 sq.ft. or smaller average listing price $83. sq. ft. and the avg. Sold price was $79. sq.ft. and average days on the market was 133.
These estimates are real data collected, however adding the total sales to come up with an overall average per sq.ft. is very misleading and does not portaite a real picture of value in Tampa Bay.
TWO (2) homes closed, FOUR (4) re-sales went pending, and 2, TW0 new resale listings and ONE (1) WITHDRAWN in the past 7 days. FOUR (4) of the properties reported were under 1600 sq. ft! The FIVE (2) homes over 1600 sq. ft. are re-sale. Two of the THREE (3) pending were 1440 sq ft or less. The 1788 sq. ft. corner lot on the fairway, listed last week for $180,000 is a Short Sale and went pending, only NINE (9) days on the market. Both homes that sold were 1900, & 2500 sq. ft. BOTH were only on the active market eight (8) days or less!
At the current time, only 25 ACTIVE LISTINGS (23) re-sales are available! TWO (2) NEW construction are posted on the MLS. Thirteen (13) homes are pending, and 22 homes have successfully closed in the past 60 days! Again this does not include K-Hovnanian secured vacant lots, and continues to drive high end buyers to Tampa Bay. Only ONE (1) of the TWO (2) sold this past week is assumed to be driven to Tampa Bay as a result! Re-sale LOCATION, CONDITION, and UPGRADES of the re-sale certainly weighs in on a buyers choice!
Since January 1st Tampa Bay has had FIFTY FOUR (54) closed sales. Five (5) I can conclude, were new homes, and were recorded as agent referrals by K-Hovnanian secured lots prior to 2015.
August 1st of this year, the MORTGAGE INDUSTRY will complete an extensive over haul, making the purchase of a home through a lender at best a 45 days or longer process to close on an offer. CASH sales will not be effected by these changes.
ONE RE-SALE not mentioned in this current report is UNDER CONTRACT (PENDING) Withdrawn early this season “FROM AN AGENT” is ‘FAIRWAY FRONTAGE and over 2300 sq.ft. Contract price is WELL OVER the $220,000 avg for a RE-SALE, SELLER negotiated a ONE (1) TIME SHOWING with an undisclosed AGENT.
WITH INVENTORY AT AN ALL TIME LOW FOR 2015, THE LEVERAGED PRICE PER SQ. FT. IS ON THE RISE. You may want to reconsider listing now, rather than later, with these projections!
6/8/2015 TAMPA BAY GOLF & CC SALES ACTIVITY FOR JUNE 8th -14th
TAMPA BAY GOLF AND COUNTRY CLUB SALES REPORT FOR JUNE 8th thru 14th
One (1) home closed, Three (3) re-sales went pending, and 3, three new resale listings in the past 7 days. Five (5) of the properties reported were under 1600 sq. ft! The two (2) homes over 1600 sq. ft. are re-sale, the 1839 sq. ft. went pending and is listed at $220,000. The second home is 1788 sq. ft. a corner lot on the fairway is a new listing at $180,000.
At the current time, only 30 re-sales are available! Twelve (12) homes are pending, and 11 homes have successfully closed in the past 30 days! Again this does not include K-Hovnanian secured vacant lots, and continues to drive high end buyers to Tampa Bay. It’s assumed the recent pending re-sale for $220,000 was driven to Tampa Bay as a result! Re-sale location, condition, and upgrades of the re-sale certainly weighs in on a buyers choice!
Since January 1st Tampa Bay has had 50 closed sales. Five (5) I can conclude, were new homes, and were recorded as agent referrals by K-Hovnanian secured lots prior to 2015.
New report’s in the media suggesting the interest rate may climb to as high as 5.3% by this time next year. August 1st of this year, the MORTGAGE INDUSTRY will complete an extensive over haul, making the purchase of a home through a lender at best a 45 day or longer process to close on an offer.
Anticipate all the vacant lots to be built out or at the very least, under contract by K-Hovnanian at years end! You may want to reconsider listing now, rather than later, with these projections! Without K-Hovnanian driving high end buyers to Tampa Bay Golf and Country Club, the reverse trend in home values will most likely lead to falling home values. Selling now while the market is still fairly active and easier for buyers to finance may be up for discussion. My predictions in home values would be on the rise this past spring, and ten ($10) a sq ft is the minimum reached this spring. My statement, “that the trend in home values will decrease substantially, as HOA’s prevent Realtors from using directed OPEN HOUSE SIGNS to drive new buyers to their OPEN HOUSE, will without doubt reverse the trend in values! We will see CASH buyers LEVERAGE sales again and contribute to the fall in in home values in Tampa Bay’s 2016 Spring market!
6/8/2015 TAMPA BAY GOLF & CC SALES ACTIVITY FOR JUNE 1ST – 7TH.
TAMPA BAY GOLF AND COUNTRY CLUB SALES REPORT FOR JUNE 1st thru 7th
One (1) home closed, one (1) home withdrew their listing, *this was a Short Sale! Five (5) re-sales went pending, and only one home listed in the past 7 days. Six (6) of the properties reported were under 1600 sq. ft! The home over 1600 sq. ft. is a re-sale, with 1839 sq. ft. and the list price at $220,000
At the current time, only 30 re-sales are available! This does not include K-Hovnanian secured vacant lots, and continues to drive in high end buyers, and it’s assumed the re-sale for $220,000 was driven to Tampa Bay as a result! Re-sale location, condition, and upgrades of the re-sale certainly weighs in on a buyers choice!
Since January 1st Tampa Bay has had 49 closed sales. Five (5) I can conclude, were new homes, and were recorded as agent referrals to K-Hovnanian
I would add, a thank you, to the Brokers and agents visiting my blog’s, and weigh in on my findings and comments. Good luck to you all the rest of this year!
6/1/2015 TAMPA BAY GOLF & CC HOME SALES FOR MAY 60 DAYS
MY HOMES under contract on Moshie Ln and Marker Loop HAVE CLOSED!
TAMPA BAY GOLF AND COUNTRY CLUB STATISTICS FOR PAST 60 DAYS
APRIL 2nd 2015 thru MAY 31st 2015
Typically it is a practice for Realtors to make every effort to secure an offer as quickly as possible. This report includes properties that have withdrawn, and taken off the market! The major reason for this activity is the buyer frenzy from late January through the end of April of each year. However Tampa Bay continues to have many buyers waiting for the right home to purchase. In the past 20 days seven (7) have gone pending!
It appears from this report that seven (7) homeowners have taken their homes off the market! This report indicates a total of thirteen (13) homes are pending and eight (8) have been placed on the market in the past 30 days. The average price per sq. ft. on the pending properties is $85.00 per sq. ft. This does not necessarily mean the average closed value will remain the same.
New home sales typically average 4 to 6 months to complete and close! Seldom does K-Hovnanian sell a model home or completed construction that can be used in this data. K-Hovnanian recently placed with a cooperative broker, and posted homes projected to be complete on the MLS. For this reason all new home closings will not be reported as accuracy is not supportive! Referrals by local agents to K-Hovnanian are at an all-time high! New home sales beginning in July or August, if available, will be disclosed to support these findings.
*New built homes have been used on many of my buyers and seller’s appraisals in the past two years.
A total of 22 homes have sold since April 2nd, and ten (10) of these sold in May. Five (5) of these were Foreclosures or Short Sales and 3 of 5 closed in May.
For values and appraisal purposes we have considerable difference per sq. ft. value as calculated below. NO foreclosures or Short Sales were used in this data.
Re-sales with (average sq. ft. of 1550 or less ) sold at average $79.00 per sq. ft.
Re-sales with (average sq. ft. of 1550 or more) sold at average $93.50 per sq. ft.
Currently there are (33) homes for sale in Tampa Bay Golf (13) are pending, (7) taken off the market, and (22) sold in this time period.
Since February 2015, (7) sellers allowed their homes to expire. (1) of these sold recently, (1) pending, (1) back on the market and (4) have chosen not to place their home back on the market at this time!
The (7) K-Hovnanian homes were not used! Since completion date is scheduled late July.
I have buyers looking for homes from $130,000 or less! I have (2) buyers looking at homes
1750 sq. ft. or more with a budget of $180,000 to $210,000!