June 16th TBGCC sales activity

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, 2016SOLD 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

Author: danswingblog

Dan has celebrated over 19 years as a full-time Realtor. Successfully listed and sold homes well through the 8 figure market. Advises and assists clients with challenging Portfolios! 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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