Tampa Bay Golf and Country Club review

A review since January 1st indicates sales are much slower than predicted, new home sales have fallen off some however it was noted K-Hovnanian increased the model prices by 2% in January on (5) models. Indicators suggest:

Since January 1st 2016 only five (6) homes have gone on the market. The current active listings are 35. The average active inventory has been consistent at (34-37) since November. Price reductions on more than fourteen (14) active listings has assisted in procuring Eleven (11) under contract (4) withdrawn, and 16 recorded SOLD, closed homes.

Many brokerages listed properties more than 30% over market value, and I will not comment, nor even suggest their motivation, not a practice I readily advise or recommend and rarely participate in.

Last August, September 2015 three bedroom, two bath 1600 sq. ft. or more was selling on average at $121.00 per square foot. Values on these statistics since August of 2015 to the February 24, 2016 average sale price per sq. ft. in the past 120 days has significantly dropped and averaging (90) days or more active on the market at an average re-sale price of $99.75 per sq. ft. This equals to 22% drop in values since the end of July 2015.

The average sold price for two bedrooms, two bath 1550 sq. ft. days on the market indicate 75-80 days and average sold price at $101 per sq. ft. up by 12% from August 2015.

The extremely warm fall in the North!  Funky Stock Market activity, and gas prices are significant factors in the slower than predicted market. This is reflecting hesitation with investment or 2nd home purchases, especially January 1st. 2016.

It’s apparent, buyers have a price range mostly under $165,000 and a two bedroom with a view is more attractive than any new models with a home immediately behind them. Upgrades have been a plus and records indicate a few have sold for as much as $124.00 per sq. ft.

I am hoping after the March political Caucuses has been completed and more buyers are feeling confident about relocating to Florida, we will experience a lower inventory and much less time on the market.

Author: danswingblog

Dan has celebrated over 19 years as a full-time Realtor. Successfully listed and sold Luxury homes, diversified real estate portfolios, Advises and assists clients with challenging liquidations and purchases. Not uncommon to be working with foreign nationals, buyers that leverage the Sterling, Euro, and similar currency. Dan welcomes the Global community, with friends in many Nations. He brings a reputation for Integrity, Expertise, and Focus. Our customers deserve the best. Currently provides Residential and Commercial B.P.O.'s, Broker Price Opinions, B.O.V's, Broker Opinion of Value to many lenders. Manage and Sells R.E.O., Real Estate Owned properties, distressed properties! Evaluate and negotiate solutions for sellers and lenders. Developed, operated and sold a Florida "AWARD WINNING" Ad Agency! 2010 & 11 Commercial Agent of the year. RE/MAX Paramount Properties. Relocated to Tampa in 2012, enjoyed retirement for 6 months. Saw unethical practices by some Realtors and choose to reverberate our profession in the Tampa area. In four years built his business to as many as four (4) transactions monthly. Mortgage brokers were calling Dan a Superstar in Real Estate. Dan and his wife relocated to North East Florida, to the community of Nocatee. Currently focusing on 55 and older communities and Luxury Real Estate. Successfully closed on many extremely challenging foreclosures, and Short Sale. Coached and participated in Commercial and Multi-Income Family REO's in the past six years. Elected to the Auburndale City Commission in 1986-88. Created and served as 1st Redevelopment Chair in 1988 & 89 personally put in place all the elements for the Auburndale CRA. 1990 City Commission refused to give a full vote of confidence. After a 5 year journey to personally raise funding, extensive research and study for the CRA district perimeters, and stunned with the Commissions doubt. Positioned himself to run for office again, was re-elected to Auburndale Commission, to serve 1991-93 to full fill the CRA master plan! Active with the Central Florida Development Council from conception in 1985 and sat on the board periodically for the past 25 years representing municipalities and private investors. The positions Dan held from 1986 through 1993 enabled him to have a complete workable understanding of the State of Florida Comprehensive Plan for Future Land Use, and the benefits of intergovernmental agreements, utility franchise expansions, and public/private partnerships! Specialties: Assets recovery & receivership, Real Estate Portfolio's, REO & Short Sale of Residential and Commercial negotiations, marketing consultant, public relations, and Broker Price Opinions for residential and commercial lenders.

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