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February 2016 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for February 2016

Land O' Lakes real estate

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.

 

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the February 2016 real estate market numbers for Land O’ Lakes:

 

February 2016 Land O’ Lakes Real Estate Statistics

Status: Active (118)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 1 1 750 $24,900 $24.13 1 1
Max 6 5 4,520 $599,900 $159.17 30 720
Avg 4 3 2,235 $245,029 $109.20 12 27
Median 4 3 2,103 $235,000 $112.77 9 10
Status: Active with Contract (53)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 2 1 916 $51,200 $35.43 4 4
Max 6 4 4,680 $544,900 $195.37 178 328
Avg 4 3 2,210 $233,094 $105.62 51 57
Median 3 3 1,976 $219,900 $109.35 37 37
Status: Pending (111)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 2 1   $10,900 $24.04   1
Max 7 5 4,054 $490,000 $208.51 373 377
Avg 4 3 2,117 $225,360 $106.93 65 73
Median 3 3 2,058 $215,995 $106.68 39 45
Status: Sold (97)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 1 1 750 $33,000 $31.98 $27,000    
Max 7 5 5,055 $839,000 $210.78 $790,000 463 508
Avg 4 3 2,195 $242,629 $109.70 $234,759 65 83
Median 4 2 2,045 $219,000 $108.99 $214,000 47 51

 

The Land O’ Lakes Real Estate Market is Strong

February is usually one of the slower months for real estate sales in Land O’ Lakes as buyers and investors prepare for the spring season, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.

All information is deemed reliable but not guaranteed

wesley chapel market statistics
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June 2016 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for June 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Wesley Chapel, Florida Real Estate Market is showing signs that 2016 is progressing nicely.

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the June 2016 real estate market numbers for Wesley Chapel:

June 2016 Wesley Chapel Real Estate Statistics

  • 171 homes sold for an 8% year over year increase
  • median price of $228,000 for a 20% year over year increase
  • Currently 403 homes for sale
  • 42% of the available homes sold in the last month
  • 2.36 months of inventory

The Wesley Chapel Real Estate Market is Strong

June is usually a competitive month for real estate sales in Wesley Chapel, and it remained busy by 25% more than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

Get an Advantage

How can both buyers and sellers have an advantage in the Wesley Chapel, Florida real estate market?  Employ the services of a local Wesley Chapel real estate agent who has vast knowledge and experience of the market. Contact us for Wesley Chapel Property Management.

Find Wesley Chapel Homes for Sale

For a complete list of available real estate in Wesley Chapel, visit Wesley Chapel Homes for Sale. Make sure to subscribe to the blog so you don’t miss out on any Wesley Chapel homes.

Find out what your Wesley Chapel home is worth with a home value analysis and contact us to discuss your housing needs.

______________________________

These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes of 33543, 33544 and 33545.  All information deemed reliable but not guaranteed. The above information regarding the “June 2016 Wesley Chapel Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

150 150 Relevé Real Estate

January 2016 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for January 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.

 

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the January 2016 real estate market numbers for Land O’ Lakes:

 

January 2016 Land O’ Lakes Real Estate Statistics

Status: Active (120)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 750 $44,500 $39.44
Max 6 5 4,846 $599,900 $195.37
Avg 4 3 2,253 $253,037 $112.38
Median 4 2 2,125 $237,450 $112.58
Status: Active with Contract (39)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 2 1 916 $69,900 $35.43
Max 6 4 3,902 $469,900 $192.03
Avg 4 3 2,189 $223,924 $104.29
Median 3 2 1,990 $208,900 $104.78
Status: Pending (100)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 962 $29,900 $24.04
Max 6 4 3,954 $595,000 $156.13
Avg 4 3 2,122 $227,841 $107.77
Median 4 2 1,966 $217,995 $111.83
Status: Sold (83)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 750 $55,700 $55.70
Max 6 5 5,055 $839,000 $210.78 463
Avg 3 3 2,185 $240,983 $109.16 119
Median 3 2 2,076 $208,820 $109.27 92
Status: All (342)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 750 $29,900 $24.04
Max 6 5 5,055 $839,000 $210.78 463
Avg 4 3 2,191 $239,425 $109.33 119
Median 3 2 2,063 $219,900 $110.73 92

 

The Land O’ Lakes Real Estate Market is Strong

January is usually the slowest month for real estate sales in Land O’ Lakes, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.

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Tampa Bay Living

tampa bay living

Tampa Bay Living, these are neighborhoods laid out in the more traditional sense. I will speak about some of them. South

South Tampa has historic homes, townhouses, condos, and luxury lofts. Everything from festivals to live music and an active night life.

Ybor City. Ybor has “modern and renovated condos, townhouses, and lofts.” Ybor also has restaurants’ and shopping. Looking for the business district? Downtown Tampa is your place. It offers lofts and high rises for places to live in, and with places of interest to see, like the children’s museum. If you want suburban/residential, then you like these areas, New Tampa has lots of ranch style houses and “family friendly neighborhoods” Brandon is a “Typical suburban community” and it has “everything from apartments to homes.”

If you want suburban/residential, then you like these areas, New Tampa has lots of ranch style houses and “family friendly neighborhoods” Brandon is a “Typical suburban community” and it has “everything from apartments to homes.”

Brandon is a “Typical suburban community” and it has “everything from apartments to homes.” It’s like any place, depending where you live will depend on how quiet the community is, or if you are near restaurants, shopping, and bars.” Lithia/Fishhawk Ranch “offers condos, townhouses, ranch-style, and new-bungalow style housing in basically all price ranges, and is a very family oriented community.” It along “

Lithia/Fishhawk Ranch “offers condos, townhouses, ranch-style, and new bungalow style housing in basically all price ranges, and is a very family oriented community.” It a long drive to the hot spots like South Tampa, Ybor, and Channelside.” Finally there is Plant city.

Plant city is known for peace and quiet because the houses are further apart. Which place or neighborhood would you choose from each city?

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Lutz Home Bidding Wars

lutz home bidding

Excessively numerous individuals experience an extreme time when they are attempting to set aside cash to purchase their fantasy home. One basic test that makes the whole procedure unpleasant is the opposition from other potential home purchasers. The huge fish out available target and the shallow pool of properties accessible. On the off chance that you don’t have enough cash to coordinate their offer, you’ll presumably miss out. However its each of the a matter of point of view, so lets talk about why being outbid may really be the best thing that can happen.

Being Outbid can be a Good Thing

While it can be unpleasant to put your offer on a specific property that is focused by the super-well off, it can likewise have a few advantages. One magnificent actuality is that being outbid in one home is not the end of everything. Assume you are outbid by a higher offer than the one you put on a particular home, there will dependably be another home somewhere else! There is constantly another home that will furnish you with the elements you’re searching at an a proper cost.

Saving Cash

One thing about being outbid on a home is that you wind up securing your financial plan. Stay with your financial plan and attempt to maintain a strategic distance from an offering war that could lead you well outside your agreeable extent. This implies you will spare cash and abstain from blowing your financial plan.

A few people commit the error of putting a higher offer just to win and secure proprietorship. Then again, you now have plunged into your stores and can no more stand to roll out the improvements you were wanting to make. Without the financial backing expected to remodel your home, it might never be the home you were trusting it would be.

Effective Methods for Being Outbid

A ton of potential homebuyers are tensed when they can’t win the offer and be the proprietor of a particular property. It is about being shrewd and utilizing the right techniques and tips to abstain from overspending and keep focused safe side. Here are a few bits of knowledge to bail you out.

What is Your Financial Plan?

Before you consider putting any offer on any home, you ought to again consider your financial plan and figure out whether you can bear the cost of the property or not. The point here is to buy what is inside your achieve, taking into account your funds. This implies current budgetary circumstances and conceivable future money related circumstances.

Don’t Get Scared

As you are planning to put an offer on a specific home, dependably remember that a few offers can be rejected. Never fear putting an offer on any home of your decision.

Know when to say When

Comprehend what it is that makes the property so engaging you and comprehend what it may cost to add such components to another house with a lower sticker price. Set your financial plan and go into the procedure in light of go down houses. Having a go down will permit you to stop at your point of confinement without any difficulty.

The Offer

You may experience a circumstance where the underlying cost of the house is truly very low, yet the last bidder will pay twofold the cost. Accordingly, examine the quantity of offers of a specific home before you surge in. Now and again you’ll run over intentionally low evaluating endeavoring to make an offering war. Keep in mind attempt to maintain a strategic distance from an offering war if conceivable.

Older Homes May Have More Value

At the point when the offering war is warming up on the top homes in the business sector, you can utilize this chance to search for more seasoned homes that need a touch of redesigning. Here, you won’t just spare cash, however you will have the opportunity to revamp the home to coordinate your inclination.

Have a Backup Plan

Before you partake in an offering war, you ought to dependably have a reinforcement home (as said prior) that you will swing to when you are outbid. This spares you time and extras you the anxiety of searching for another home once your objective home is no more. The reinforcement home can be well inside the cost and territory or in an alternate neighborhood all together. With everything taken into account, guarantee that you know where to swing to after you lose in an offering war.

You ought to set your financial plan and decide the “no-go zone”. On the off chance that any other person puts an offer that is past your farthest point, you will need to haul out as quickly as time permits. This will obviously spare you cash and keep you from making a buy you truly can’t bear. Anybody can be overpowered with regards to offering on a stupendous home. In any case, it is constantly encouraged to consider the consequence, and figure out what you will pay over the long haul. Continuously adhere to your financial plan, regardless of how exquisite and appealing the objective home appears. There will dependably be another home holding up to give all of you the elements you’re searching for at the value you need.

tampa bay property managment
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What to Ask of a Tampa Bay Property Management Company

 

If you own a rentals in Tampa, Florida and you wish to have less stress and time in managing it, you need to get the services of a Tampa Bay property management company. Before you hire one though, you need to ask the proper questions so that you will get the right company.

The first question to ask of the company is their contact information such as their address, telephone number, cell phone number and email address because you will want to know how to reach them if a problem occurs. Knowing how to reach them shall save you time and allow you to get on with your busy life. It is imperative to have different ways of reaching your property manager.

Know if the property management company you hire shall address issues on repairs. Ask them if you shall pay for such repairs or if this is included in your contract with them. Inquire if they will get the services of an external company to maintain the property and how much they shall pay for it. Know the type of repairs that you shall be responsible for. Also be aware of the cash reserve they need to cover expenses for repairs.

You should also ask if they handle yard maintenance such as shoveling snow, raking leaves and mowing the lawn. Companies that do such requests are good because your property will look nicer and cleaner to prospective tenants. Ask if you will be the one to hire additional help for yard maintenance.

Ask if there is a contract between you and the Tampa Bay property management company and its length. If you do not agree to certain things, know how difficult it would be to terminate the contract. Know if there is an early termination fee of the said contract.

Inquire if there is a vacancy fee as there are some property managers that impose this. It covers advertising costs, time in showing interested tenants the property and other fees which are related to filling the vacancy. Know the amount of such a fee and the company’s manner of billing.

Ask the effectiveness of the Tampa Bay property management at filling vacancies. Know their methods of promoting your property. Check if they have a website filled with good pictures of properties they manage. Inquire if they promote through local classified ads as well as free online rental listings. Ask the number of vacant properties they are managing.

When you hire a Tampa Bay property management company, your property will have good tenants immediately.

property management Tampa FL companies
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Property Management Tampa FL Companies Facts That You Probably Do Not Know

tampa fl property management companies
1. Single properties require lower management fees.

Compared to a multi-unit residential real estate property, owning a single residential property to be managed by a property management Tampa FL companies requires lower fees not only because of the number of tenants but mainly because of the on-site property managers who need to live within the vicinity.

Basically, this a person assigned by the company itself that the owner needs to pay separately.

2. Some property management Tampa FL companies collect added premium for multi-unit residences.

For some reason, these properties – condos, townhouses, apartments – are harder to market than single properties, thus, the premium. Theoretically, real estate market price devaluation hits harder and longer on multi-unit residences (also called multi-family residences). This gives property management companies less security for their own earnings.

Like in any business, security is something that can dictate price (the same reason why less secured cars pay higher insurance premiums).

3. Hiring a property manager who will find tenants is more practical than availing of an overall property management service.

Prospective tenants only trust property managers with a license in property management as approved by the state. Property management Tampa FL companies have more experience in closing deals; hence, you have less worry to carry. In this case, you only have to pay a one-time charge.

It is recommended for a property owner who can manage to collect, communicate, and ensure maintenance and monitoring of his/her asset to just do the work himself/herself, especially if his/her residence is just within the area. This gives up to $5000 of savings.

4. Brisk market and stagnant market are the biggest determinants of rental price.

If a Tampa property management company tells you that heavy renovations will guarantee rental rate increase, then, you are gullible enough to believe.

While renovations and additional amenities contribute greatly on rental price, these are still dependent on the status of the rental and real estate market – a brisk market and stagnant market.

The Brisk market is the time when the number of potential tenants is higher than the available rental properties in a particular area. A stagnant market, on the other hand, is the time when the available rental properties are higher than the willing renters. It is, basically, all about the law of demand.

When the market is brisk, property management Tampa FL companies can increase the rental rate, regardless if renovations are done or not. If it is stagnant, no amount of renovations will guarantee a rental increase.

wesley chapel market statistics
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May 2016 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for May 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Wesley Chapel, Florida Real Estate Market is showing signs that 2016 is progressing nicely.

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the May 2016 real estate market numbers for Wesley Chapel:

May 2016 Wesley Chapel Real Estate Statistics

  • 171 homes sold for an 82% year over year increase
  • median price of $215,000 for a 12% year over year increase
  • Currently 364 homes for sale
  • 47% of the available homes sold in the last month
  • 13 months of inventory

The Wesley Chapel Real Estate Market is Strong

May is usually a competitive month for real estate sales in Wesley Chapel, and it remained busy by 25% more than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

Get an Advantage

How can both buyers and sellers have an advantage in the Wesley Chapel, Florida real estate market?  Employ the services of a local Wesley Chapel real estate agent who has vast knowledge and experience of the market. Contact us for Wesley Chapel Property Management.

Find Wesley Chapel Homes for Sale

For a complete list of available real estate in Wesley Chapel, visit Wesley Chapel Homes for Sale. Make sure to subscribe to the blog so you don’t miss out on any Wesley Chapel homes.

Find out what your Wesley Chapel home is worth with a home value analysis and contact us to discuss your housing needs.

______________________________

These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes of 33543, 33544 and 33545.  All information deemed reliable but not guaranteed. The above information regarding the “May 2016 Wesley Chapel Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

Lutz Market Statistics
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May 2016 Lutz Real Estate Statistics

The Lutz Real Estate Market Report for May 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Lutz, Florida Real Estate Market is showing signs that 2016 is progressing nicely.

 

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the May 2016 real estate market numbers for Lutz:

 

May 2016 Lutz Real Estate Statistics

  • 98 homes were sold – +26% year over year increase
  • median price of $197,500 – +29% year over year increase
  • 304 homes currently for sale
  • 32% of the available homes sold in the last month.
  • 3.10 months of inventory

The Lutz Real Estate Market is Strong

May is usually a competitive month for real estate sales in Lutz, and it remained busy by 25% more than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

These numbers cover all of the neighborhoods in the Lutz, FL zip codes of 33559, 33549, 33558 and 33548.

Get an Advantage

How can both buyers and sellers have an advantage in the Lutz, Florida real estate market?  Employ the services of a local Lutz real estate agent who has vast knowledge and experience of the market. Contact us for Lutz Property Management.

Find Lutz Homes for Sale

For a complete list of available real estate in Lutz, visit Lutz Homes for Sale.

Find out what your Lutz home is worth with a home value analysis and contact us to discuss your housing needs.

______________________________

The above information regarding the “April 2016 Lutz Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Lutz area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise. All information deemed reliable but not guaranteed.

wesley chapel market statistics
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July 2016 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for July 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Wesley Chapel, Florida Real Estate Market is showing signs that 2016 is progressing nicely.

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the July 2016 real estate market numbers for Wesley Chapel:

July 2016 Wesley Chapel Real Estate Statistics

  • 209 homes sold for an 1% year over year increase
  • median price of $225,000 for a 1% year over year increase8
  • Currently 43 homes for sale5
  • 48% of the available homes sold in the last month
  • 2.08 months of inventory

 

The Wesley Chapel Real Estate Market is Strong

July is usually a competitive month for real estate sales in Wesley Chapel, and it remained busy by 25% more than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

Get an Advantage

How can both buyers and sellers have an advantage in the Wesley Chapel, Florida real estate market?  Employ the services of a local Wesley Chapel real estate agent who has vast knowledge and experience of the market. Contact us for Wesley Chapel Property Management.

Find Wesley Chapel Homes for Sale

For a complete list of available real estate in Wesley Chapel, visit Wesley Chapel Homes for Sale. Make sure to subscribe to the blog so you don’t miss out on any Wesley Chapel homes.

Find out what your Wesley Chapel home is worth with a home value analysis and contact us to discuss your housing needs.

______________________________

These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes of 33543, 33544 and 33545.  All information deemed reliable but not guaranteed. The above information regarding the “July 2016 Wesley Chapel Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.