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5 Reasons to Avoid a Property Manager

5 Reasons to Avoid a Property Manager

5 Reasons to Avoid a Property Manager

The life of a real estate investor is about creating a passive income and stream and achieving financial independence. If you are managing your own real estate portfolio, you have just created a job for yourself.

When purchasing an investment property, you should factor in an 8-10% monthly management fee, as well as room for unexpected maintenance. Having a great property manager is a sound investment in achieving your goals and owning your time. Although, hiring a bad property manager, can make things very bad, very fast. To help protect your goals and your investment, avoid these property management red flags:

1. No References. Property Management has traditionally been a referral based business and the manager should have strong relationships within the local community. They should be able to provide references from tenants, owners, local organizations or vendors.

2. Unavailable. A property manager’s responsibilities are 24/7. There are problems that will arise at your property on nights, weekends and holidays that will need attention. Make sure your property manager approaches their services this way.

3. Conduct. The property manager should be able to convey confidence in the value of his services, and be professional. If the manager is not professional with you, they probably will not be with your tenants and vendors.

4. Successful Experience. Rather than having many years of experience, look at the amount of successful experience a property manager has. They should be able to give examples of their processes and how they are going to deliver the services they promised. It is important that they can change rapidly with the rental markets, technology and regulations.

5. Sales Pressure. If a property manager is forcing you into making a quick decision or seems desperate for your business, these are signs of running. A good property manager will give you time to collect references, get quotes from competitors and will work with you to determine if the relationship is a good fit.

Lutz Homepath
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Lutz Homepath Properties

Searching for Lutz Homepath Properties

Homepath renovation loans are loans for the purchase of Fannie Mae real estate-owned. If you qualify, you can get a 30 year fixed mortgage around 3.5 percent. Only 3 percent down is needed and they will also finance up to $25k in renovations, and there is no mortgage insurance.

The program is a great deal for first-time buyers or owner occupied borrowers looking to find a great deal on a home they can fix up and own long term.

This will help to improve the local area as owner occupying purchasers are more able to buy the property and have the money to fix them up and make them livable.  There is a high supply of homes that were foreclosed on that were sitting vacant for many years and need some TLC.  The Homepath loan can be a great way to buy the right house in the right area and then be able to fix it up and customize it to how you want.

For expert property management in Lutz, Florida contact Relevé Real Estate and Property Management

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Choosing a Tampa Bay Realtor

Local Experience, marketing, negotiation and excellent customer service are crucial factors in deciding who will be your Tampa Bay Realtor.

Deciding on the wrong agent could end up costing you thousands on the transaction, so vetting agents up front before hiring them to list your Tampa Bay home for sale is important.

1. Local – You will need someone that is local and can be on location for marketing, showings and inspections. A local brokerage will also help to support local business, rather than corporate franchise conglomerates. Another benefit is to look if the brokerage is providing local jobs, using local vendors and donating to local charities.

2. Marketing – Find out how the agency is showing up online and how their reviews are. Look at how they are promoting their current listings. How do their listings look? Is the photography good? Is it promoted on social media?

3. Negotiations – How does the agent negotiate with you on your terms? This is a tell of how the negotiation will go with your buyer on the transaction. Qualify them by asking about how they handle offers, counter offers, inspection repairs, etc. This will help you to determine if they are a savvy, experienced negotiator or someone you would not want to do business with.

4. Customer Service – Get a feel for the type of customer service you will receive. Are they easy to get a hold of? Do they use your preferred communication type? Do they follow up? You will need an agent that us looking out for your best interests when listing your Tampa Bay home for sale.

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Tampa Bay Living

Tampa Bay Living, these are neighborhoods laid out in the more traditional sense.

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

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.” It’s like any place, depending on 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 is 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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Property Management Lakewood Ranch Perspective

Outlook for Property Management Lakewood Ranch Services considering rental rates, population growth and development. Property Management Lakewood Ranch

East of I-75, in the 34202 zip code, is the master-planned community of Property Management Lakewood Ranch.  Lakewood Ranch offers a variety of different properties and amenities to suit any lifestyle.

The neighborhoods of Greenbrook, Summerfield, The Lake Club, Lakewood Ranch Country Club and Riverwalk are connected by the trademark of Property Management Lakewood Ranch, miles and miles of nature trails.  For active residents, Lakewood Ranch offers several outdoor activities including golf, tennis, polo and cricket.

Other community features include parks with picnic areas, children’s sports fields, lakes, conservation areas and impressive landscaping. Contributing to a desirable area for Property Management Lakewood Ranch.

Lakewood Ranch is very desirable. It is located in close proximity to shopping, entertainment and dining.  Inside of the Lakewood Ranch community lies the Town Center offering a variety of shops and restaurants, Publix, YMCA, Lakewood Ranch Medical Center and Lakewood Ranch High School.

For the prospective investor, there are a variety of residential properties to choose from.  It is best to contact a Property Management Lakewood Ranch for pre-purchase consulting and specific rental rates.

History of Lakewood Ranch from Wikipedia.

Lakewood Ranch is located within the Manatee County region in Florida. Manatee County covers almost 900 so mi (2,300 km2) including waterways, which provided transportation. Railroads, bridges, and roadways were later added for easier access in and out of the area.

Along with transportation, development came a rapid growth in population during the early 1920s.

The first neighborhood development, Summerfield, went up in 1995. As the area expanded and population increased, a master-planned community was created called Lakewood Ranch.

Started in 1995, Lakewood Ranch has an 8,500-acre (3,400 ha) master-planned community within it, consisting of seven villages.

For expert property management in Lakewood Ranch, contact Relevé Real Estate and Property Management.

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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.

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Basic Qualifications to Look for in a Property Management Tampa Company

1. Experience

Signing up with a startup property management company in Tampa might give you some savings due to lower fees. However, that doesn’t secure quality service and outstanding management. Remember that at the end of the day, the occupancy and rental rate will still determine your earnings, and you cannot do that with a company that is still starting to build a network. Because the service also includes operations and maintenance of your property, it is not wise to gamble with a company in a trial-and-error period.

Choose a property management Tampa company that has, at least, three years of operation and a sufficient client portfolio.

2. Coverage

A property management Tampa company with wide area coverage also gives a longer list of possible tenants, including people who want to move from surrounding towns. It is better if you can pick a company with existing coverage in Hillsborough County, Manatee County, Pinellas County and Pasco County as well.

3. Management Rates

A property owner wants to have his/her investment property managed for one thing – to earn from it. If a large part of that sum will just go straight to the realty company, you might need some time to think again.

There are three basic charges applied by many Tampa Florida property management companies which you need to understand.

First is the leasing fee. Many national and multimillion realty companies commonly charge a full 100% of the monthly rental fee on top of other fees. That is more than 8% of the total earnings you should receive for the whole year.

Second is the management fee. This pertains to the overall management cost the company gains for taking care of your property. The typical charge is anywhere from 15% to 20% of the monthly rental rate for all months that they will include your property in their management.

If your monthly rental fee is $1500, the management fee for the whole year is a whopping $2700 to $3600.

Last is the junk fee. This can include anything from whatever services the company is doing for your property. It can be an overhead charge, a processing and set-up fee, a marketing fee for all advertising and marketing efforts, and a renewal fee whenever there is a new tenant. These are unnecessary charges that you do not really have to pay should you choose the right company.

The good news is, there are local yet stable and trustworthy property management Tampa FL companies that have lower leasing fee, lower monthly fee and no junk fees at all.

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Non-Accredited investors in Tampa Real Estate Investing

Crowdsourcing real estate deals for Tampa Real Estate Investing is now beginning on a smaller investment scale. In some cases, with as little as $100, a resident of a particular state may become a real estate investor. The SEC just voted on and passed rules to implement Title III of the JOBS Act, bringing non-accredited investors into the fold for equity crowdfunding.

Prior to the bill, you used to have a net worth of over $1,000,000 in assets or have an income of at least $200,000 per year. The new ACT lowers the barriers to entry and gives more people ACCESS to real estate investment deals for Tampa Real Estate Investing.

Web sites are beginning to pop up where you could sign up for an account, and invest in ‘shares’ of an investment property. You would technically own a part of the property in Tampa Real Estate Investing and would be due part of the return on the investment. Investing in real estate this way has a lot of upside including high leverage, high return on capital, investment collateral and a relatively safe investment.

However, downside risk comes from market fluctuations and lack of liquidity in case you wanted to sell your investment. In other words, if the market dived and you wanted to get out of your investment, you might not be able to.

The biggest risk might actually be the reputability of the real estate agency you are using. As there is a potential for fraud in your Tampa Real Estate Investing.

Work with a professional Tampa Florida realtor and then find an expert property management Tampa company to manage the property for you.

One example from Wikipedia is Fundrise is an American real estate crowdfunding platform. It facilitates transactions from individuals, allowing them to invest in real estate projects with initial investments starting at $1,000 and up to $10 million. It has been labeled as the first company to successfully crowdfund investment into the real estate market.

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December 2017 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for December 2017

According to the new data released by the Greater Tampa Association of REALTORS®, the Wesley Chapel, Florida Real Estate Market is showing signs that 2017 is going to be even more aggressive than 2016.

Market Notes:

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

Let’s take a look at the October 2017 real estate market numbers for Wesley Chapel, FL:

December 2017 Wesley Chapel Real Estate Statistics

  • median listing price of $293,000 for $125 per sq ft.
  • median closing price of $250,000
  • 855 homes for sale
  • 151 homes for rent
  • 68 median days on the market

The Wesley Chapel Real Estate Market is Strong

December 2017 is usually one of the slower months for real estate sales in Wesley Chapel 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.

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. 

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. Contact us for Wesley Chapel Property Management.

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These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes.  All information is deemed reliable but not guaranteed

The above information regarding the “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.

 

 

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December 2017 Lutz FL Real Estate Statistics

The Lutz Real Estate Market Report for December 2017

According to the new data released by the Greater Tampa Association of REALTORS®, the Lutz, Florida Real Estate Market is showing signs that 2017 is going to be even more aggressive than 2016.

Market Notes:

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

Let’s take a look at the December 2017 real estate market numbers for Lutz, FL:

December 2017 Lutz Real Estate Statistics

  • median listing price of $350,ooo for $138 per sq ft.
  • median closing price of $280,000
  • 555 homes for sale
  • 66 homes for rent
  • 82 median days on the market

The Lutz Real Estate Market is Strong

December 2017 is usually one of the slower months for real estate sales in Lutz 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.

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. 

Find Lutz Homes for Sale

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

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

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These numbers cover all of the neighborhoods in the Lutz, FL zip codes.  33548, 33549, 33558 and 33559. All information is deemed reliable but not guaranteed

The above information regarding the “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.

 

 

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

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.

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December 2017 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for December 2017

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 2017 is going to be even more aggressive than 2016.

Market Notes:

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

Let’s take a look at the December 2017 real estate market numbers for Land O’ Lakes:

December 2017 Land O’ Lakes Real Estate Statistics

  • median listing price of $290,ooo for $118 per sq ft.
  • median closing price of $254,000
  • 724 homes for sale
  • 78 homes for rent
  • 73  median days on the market

The Land O’ Lakes Real Estate Market is Strong

December 2017 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.

Get an Advantage

How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market?  Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market. 

Find Land O’ Lakes Homes for Sale

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

Find out what your Land O’ Lakes home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Land O Lakes Property Management.

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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

The above information regarding the “December 2017 Land O’ Lakes 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 Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

Land O Lakes Market Statistics
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May 2016 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for May 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 May 2016 real estate market numbers for Land O’ Lakes:

May 2016 Land O’ Lakes Real Estate Statistics

  • 150 homes were sold for a 42% year over year increase
  • median price of $182,900 for a 15% year over year increase
  • 331 homes for sale
  • 45% of the available homes sold in the last month
  • 21 months of inventory

 

The Land O’ Lakes Real Estate Market is Strong

May 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.

Get an Advantage

How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market?  Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market. 

Find Land O’ Lakes Homes for Sale

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

Find out what your Land O’ Lakes home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Land O Lakes Property Management.

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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

The above information regarding the “May 2016 Land O’ Lakes 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 Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

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.

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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.

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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.

 

Lutz Market Statistics
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July 2016 Lutz Real Estate Statistics

The Lutz Real Estate Market Report for July 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 July 2016 real estate market numbers for Lutz:

 

July 2016 Lutz Real Estate Statistics

  • 131 homes were sold 4% year over year decrease
  • median price of $276,000 9% year over year increase
  • 316 homes currently for sale
  • 41% of the available homes sold in the last month.
  • 2.41 months of inventory

 

The Lutz Real Estate Market is Strong

July 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 “July 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.

 

Land O Lakes Market Statistics
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July 2016 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for July 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 July 2016 real estate market numbers for Land O’ Lakes:

July 2016 Land O’ Lakes Real Estate Statistics

  • 154 homes were sold for a 1% year over year increase
  • median price of $221,000 for a 7% year over year increase
  • 31 homes for sale4
  • 49% of the available homes sold in the last month
  • 2.04 months of inventory

The Land O’ Lakes Real Estate Market is Strong

July 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.

Get an Advantage

How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market?  Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market. 

Find Land O’ Lakes Homes for Sale

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

Find out what your Land O’ Lakes home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Land O Lakes Property Management.

______________________________

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

The above information regarding the “July 2016 Land O’ Lakes 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 Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

wesley chapel market statistics
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April 2016 Wesley Chapel Real Estate Statistics

wesley chapel market statisticsThe Wesley Chapel Real Estate Market Report for April 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 progessing 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 April 2016 real estate market numbers for Wesley Chapel:

 

April 2016 Wesley Chapel Real Estate Statistics

Status: Active (99)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 2 2 1,464 $150,800 $88.39
Max 7 6 4,593 $824,900 $259.26 30
Avg 4 3 2,619 $334,308 $126.46 15
Median 4 3 2,507 $302,740 $120.43 13
Status: Active with Contract (42)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 3 2 1,148 $121,000 $63.43 10
Max 5 5 3,746 $469,999 $137.27 731
Avg 4 3 2,274 $254,721 $112.68 65
Median 4 2 2,106 $229,900 $112.93 41
Status: Pending (118)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 3 2 1,154 $75,000 $49.18
Max 6 6 4,753 $639,000 $174.06 636
Avg 4 3 2,376 $266,167 $111.66 60
Median 4 3 2,158 $244,200 $113.31 21
Status: Sold (123)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 2 2 1,178 $54,900 $40.85 $59,900
Max 6 5 4,499 $738,493 $203.78 $738,493 322
Avg 4 3 2,352 $275,342 $115.50 $271,198 57
Median 4 3 2,268 $239,900 $112.64 $236,000 26
Status: All (382)
Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 2 2 1,148 $54,900 $40.85 $59,900
Max 7 6 4,753 $824,900 $259.26 $738,493 731
Avg 4 3 2,420 $285,522 $116.85 $271,198 48
Median 4 3 2,264 $255,000 $114.52 $236,000 21

 

The Wesley Chapel Real Estate Market is Strong

April 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.

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.

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.

______________________________

The above information regarding the April 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.

April
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April 2018 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for April 2018

New data released by the Greater Tampa Association of REALTORS® for the Wesley Chapel, Florida Real Estate Market.

Market Notes:

Wesley Chapel Real Estate Market Overall Condition:  Strong

Let’s take a look at the October 2017 real estate market numbers for Wesley Chapel, FL:

April 2018 Wesley Chapel Real Estate Statistics

  • median listing price of $283,000 for $127 per sq ft.
  • median closing price of $290,000
  • 995 homes for sale
  • 144 homes for rent
  • 74 median days on the market

April 2018 is usually one of the busier months for real estate sales in Wesley Chapel as buyers and investors prepare for the season.   We are finally starting to see an increase in median days on market and inventory as well as a decrease in sales and list price. This is indicating a more balanced inventory in 2018 compared to the last several years.

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. 

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. Contact us for Wesley Chapel Property Management.

______________________________

These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes 33543, 33544 and 33559.  All information is deemed reliable but not guaranteed

The above information regarding the “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.