April 12, 2016
My blogs have been slowed by the activity I have had in listings and sales in Tampa Bay Golf & CC. And the diligent search for a full time assistant. RE/MAX CAPITAL REALTY is incredible but a more personal attention is need for my customers.
This has given me an opportunity to provide an accurate on the spot experience to support the data I provide in values. Homes over 1600 sq. ft. have declined from an average of 128.00 per sq. ft. down to an average of $107.00 a sq. ft. Perhaps this is more due to the volume of buyers wanting smaller homes. 1600 sq. ft. and less is averaging $108.55 per sq. ft since the 1st of January and appears to be governing the market at this time.
New exciting news, since April 10th, Tampa Bay Golf and CC has SEVEN (7) new listings and Closed on TEN (10) homes that have been pending for 50 or more days! It’s becoming common to see more properties take 60 days or longer to close. My last three closings EACH sold for more than the appraised price. I’ve been able to negotiate a good selling price that my sellers and buyers have been pleased with. My last closing on April 8th had a contract price for 7% more than my buyer had anticipated. My seller was excited, and actually closed for $38,000 more than they paid for the home in 2010.
Since January 1st. TWENTY EIGHT (28) Homes have sold in Tampa Bay Golf community. This is down from 47 this time in 2015. K-Hovnanian has closed on 17 since the first of the year. Their sales too are down. This year has averaged 38 to 43 active re-sales and has given buyers a larger selection to purchase from. Last year we couldn’t keep TWENTY HOMES ACTIVE on the market. This may be accountable, due to all the construction! Please note that of the 28 that have closed 18 were less than 1600 sq. ft. MIN days on the market was 7 and the Maximum was 169 days on the market, and average days on the market for this size or less is Sixty one (61) days.
Again I will note a great deal of deception on the square foot list price, sold price for the smaller homes. I’m receiving reports that claim $109.00 a sq. ft. is the going sales price. Many variables come into play here and as I have shared the past 12 months, Conservation, Fairway, and Pond frontage have significant impact of these variables. Call me and ask how I sold a 1340 sq. ft. home for $130.00 a Sq. Ft. I continue to hold percentage wise, the highest square foot successfully sold homes in the Tampa Bay Golf & CC Community. Very proud of it too!
“GOOD NEWS” is sales appear to be up from a neutral market two months ago.
If you visit Zillow, or my website, or Realtor.com you will notice all my listings now have elevated and evening photography. Many of these listings are not lasting long and a listing I put in the MLS on Monday has received multiple offers.
Want more updates on homes I have listed, in Tampa Bay and a fair and honest value for you home, please give me a call. 352-834-1326