June 16th TBGCC sales activity

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THESE Statistics do not reflect ALL the new construction sold or under contract. This POST does not include Foreclosures or Short Sales. The last Short Sale, I SOLD located at 10145 Old Tampa Bay Dr. from contract to closing, only took 47 days!  LET ME BE CLEAR, the majority of foreclosures are selling for market price. When the Bank determines the clean-up, new paint and flooring will be supported when sold, they often move forward with improvements and the properties DO sell close to market value, and do not affect the appraised value as once thought.  “CAUTION” every foreclosure I’ve represented the buyer in the past two 2 years requires the buyers to sign an addendum that releases the SELLER or (BANK) of any liability and may exercise the option to retract the contract even on the day of closing!

A quick synopsis of sales activity since April 1st for TBGCC !

This is all homes from 1200 sq. ft. heated to 2700 sq. ft. heated.  2 & 3 bedrooms!  You will notice how distorted these stats can become when I break this down.

New Construction generated a huge advertising blitz the last week in April and first week in May that generated TEN (10) BUYERS ON RESALE HOMES.  The most activity in a two-week period in all of 2016.  K-Hovnanian is without doubt an influence on TBGCC market!

This does not include all NEW construction activity!

ALL non-segregated home activity with Seventy three (73) properties reporting  since April 1st, 2016.  SOLD Twenty six  (26). My sources indicate the Multiple Listing Service is correct with these statistics in this time period. I sometimes find transactions are not reflected in the MLS.  Sometimes what we call a POCKET LISTING by myself or another brokerage.  PENDING or ACTIVE with Offer  Twelve (12) AND  ACTIVE INVENTORY  Thirty five  (35)

Let’s break this down a little bit so it’s not so deceiving;

ACTIVITY TWO (2) BEDROOMS; SOLD & CLOSED,  Fourteen  (14)   PENDING or ACTIVE with Offer,  Seven  (07) AND  ACTIVE TWO (2) BEDROOM  INVENTORY,  Ten  (10)  AVERAGE DAYS ON THE MARKET (83)  and most importantly  AVERAGE SOLD PRICE PER Square Foot $101.00

ACTIVITY THREE (3) BEDROOMS; SOLD & CLOSED Twelve  (12)  PENDING or ACTIVE with Offer, Five  (05) AND  ACTIVE THREE (3) BEDROOM INVENTORY Twenty five  (25)  AVERAGE DAYS ON THE MARKET  (95) and most importantly  AVERAGE SOLD PRICE PER Square Foot      $105.00

 These are averages and DO NOT reflect resales with UPGRADES and SCENIC VIEW’S