AVAILABLE – 460 Lucerne Ave – Tampa FL

 

Mediterranean style canal waterfront home. Unobstructed view of and direct access to Tampa Bay. All baths have granite countertops and travertine surrounds. Gourmet “twin” chef’s kitchen, cherry wood cabinets and granite countertops. Living room opens to large screened lanai through double French doors. Separate family/TV room with custom wood window shutters. Porcelain tile and bamboo flooring throughout.  Double Master suites–one on each floor. Private office with twin workstations. Custom cabinetry throughout. 4 gas fireplaces, 3 inside 1 on lanai. Laundry rooms on each floor. Double car garage. Grilling area under pergola with extra seating. Large wrap around dock and 13,000 lb boat lift. This home was completely reconstructed in 2000. MLS#

Click for Property Details: 460 Lucerne Ave

Video Tour: http://www.propertymarketingpartners.com/af/460lucerne/index.html

Other Current Tampa Real Estate Listings

Davis Islands Real Estate Activity September YTD

OVERALL MARKET OUTLOOK: CAUTIOUSLY UPTRENDING

• DAYS ON MARKET TREND: NEUTRAL
• MARKET PRICE TREND: NEUTRAL
• MARKET ACTIVITY TREND: UPTRENDING

From our analysis we believe the Davis Islands Real Estate Market Outlook is “IN UP TREND”.  There are three trend areas we analyze to help determine market outlook (Days on Market Trend, Market Price Trend and Market Activity Trend). 

The Days on Market (DOM) average for all Davis Islands real estate price categories was 191 days, this is slightly higher than August’s number of 181, but well off the highs of the year at over 300. 

The second trend of Sold Market Price came in for September at an average sales price of $847,714 which was up from $565,500 the prior month.  However there was a very large closing in September which slightly skewed the numbers to the upside.  In all we are still seeing prices remain neutral, with no big moves to either the up or downside overall. 

The final trend was Market Activity.  There are currently 75 active properties on the market ending in September, which slightly lower than August’s reading at 78.  At the same time the number of sold properties came in very strong at 14 units spread across the various price categories.  This was somewhat expected since we had pending home sales for August at 11, and those mostly closed in September. 

This being said September was certainly a strong month and a positive sign of a turn around.  Additionally, the outlook for October should continue to be strong, with Pending sales for September only down slightly to 9 properties.  We believe the Davis Islands area is regaining its footing and while home sales should continue, we believe the expiration of the First-Time Home Buyer credit and the holiday season will keep sales in check.  Davis Islands Real Estate Activity Sept Detail

Tampa Real Estate Market View – 9/29/2009 – Home Price Index

This morning the S&P/Case-Shiller Home Price Index has been released.  The % increased in the 20 city composite continued for a third straight month at 1.6% for July over June with the July number at (-13.305) .  The consensus forecast was anticipated at -14.20%.  As for the Tampa home market, prices increased slightly from June to July at 1.4%  from a .4% change from May to June.   The year-over-year change for homes in Tampa price declines came in at a negative (-18.4%) which was better than the negative (-19.5%) we saw the prior month.

Sellers

For those of you waiting to sell your existing property or have your property still on the market hoping for Prices to rebound quickly, you have a long way to go.  These current numbers while not indicative of all area in the country or Tampa for that matter, does give a solid view of where home prices really are (down).  We suggest if you have to sell, then price it right and if you are already in the market with no sale, it is probably due to price.  In this market, at this point in time the adage needs to be ”Reduce It to Move It”. 

Buyers

For those buyers still on the fence waiting for prices to decrease further, it is not likely.  If anything you are not only missing the boat from a low price standpoint, but interest rates don’t look seem to be moving much lower either 

JUST SOLD: 2808 W Azeele – Tampa FL

Location, Location, Location in the heart of South Tampa.  This condo is within walking distance of great resturants, shops and grocery store.  Whether a first time home buyer seeking low maintenance fees or an investor looking for a low priced investment property in the South Tampa area, this property is a must see.  This centrally located property is within minutes of Kennedy Blvd for quick access to I-275 and I-4.  This 1/1 has a generous great room, with a walk-in closet and secondary storage closet.  Seller is motivated and will review all offers. MLS#T2384612

Click this link to see details: 2808 W Azeele St #209

Other Current Tampa Real Estate Listings

Davis Islands Real Estate Activity August YTD

OVERALL MARKET OUTLOOK: CAUTIOUSLY UPTRENDING

• DAYS ON MARKET TREND: DOWNTRENDING
• MARKET PRICE TREND: NEUTRAL
• MARKET ACTIVITY TREND: UPTRENDING

From our analysis we believe the Davis Islands Real Estate Market Outlook is CAUTIOUSLY UPTRENDING.  There are three trend areas we analyze to help determine market outlook (Days on Market Trend, Market Price Trend and Market Activity Trend).  The Days on Market (DOM) average for all Davis Islands real estate price categories was 181 days, this is even with July’s number of 180, and well off the highs of the year at over 300.  The second trend of Sold Market Price came in for August at an average sales price of $565,500 which was down from $814,000 the prior month and well off the highs from the first quarter of 2009.  The final trend was Market Activity.  There are currently 78 active properties on the market which slightly higher than July  and significantly higher than the active listings in the first quarter.  At the same time the number of pending and solds came in at 11 and 6 respectively, which was higher than last month’s numbers of 10 and 3.  On a side note we have continued to notice more short sale properties entering the market.  This will most likely have a negative impact on price, while at the same time allowing for potentially more sales.  Davis Islands Real Estate Activity Details

www.dwellintampa.com – Tampa Real Estate Lifestyle Perspective

Tampa Real Estate Market View – New Home Sales – July

This morning the commerce department released its estimate on New Home Sales for July.  As anticipated this number rose  to 433K  in July,  from a seasonally adjusted of 395K in June.  The consensus estimates were at 390K.

Sales have now risen for four straight months.  All this being said the median real estate sales price for new homes fell to $210K from a year earlier, down 11.5%.

dwellintampa.com – The Tampa Real Estate Perspective

Tampa Real Estate Market View – 8/25/2009 – Home Price Index

This morning the S&P/Case-Shiller Home Price Index has been released.  The % decline in the 20 city compsite continued to -15.4%, however this was less of a decline than the 1st qtr of 2009 at (-19.1%).  The consensus forecast was anticipated at -16.40%.  Today’s data reflects a 5th consecutive month of improving decline.  As for the Tampa home market, prices increasesd slightly from May to June at .4% from a flat (no change) from April to May.   The year-over-year change for homes in Tampa price declines came in at a negative (-19.5%) which was better than the negative (-20.8%) we saw the prior month.

Based on the aforementioned data we want to reiterate our recommendations for Buyers/Sellers from last month

Sellers

For those of you waiting to sell your existing property or have your property still on the market hoping for Prices to rebound quickly, you have a long way to go.  These current numbers while not indicative of all area in the country or Tampa for that matter, does give a solid view of where home prices really are (down).  We suggest if you have to sell, then price it right and if you are already in the market with no sale, it is probably due to price.  In this market, at this point in time the adage needs to be ”Reduce It to Move It”. 

Buyers

For those buyers still on the fence waiting for prices to decrease further, it is not likely.  If anything you are not only missing the boat from a low price standpoint, but interest rates don’t look seem to be moving much lower either

Tampa Real Estate Market Update – Existing Home Sales Aug 09

Tampa Real Estate Market/National Real Estate Market

This past Friday we received Sales of Existing Homes (Single-Family & Condo) for the month of July.  The numbers came in at an annual adjusted rate of 5.24 Million up 7.2% from a level of 4.89 million in June.  The July numbers come in about 5% above the 4.99 million units sold in July 2008.  In summary we have now seen four consecurtive months of increasing existing home sales.  These are all positive signs, at the same time we think that the numbers will possible reduce going into the winter months when housing tends to subside from a torrent summer pace.

On a price standpoint we have seen Single-Family home prices decrease on a National basis of (1.9%) from June 2009 to July 2009 and (14.6%) from a year ago.  Sale price of Condo’s have also decreased on a National basis of (2%) from June 2009 to July 2009 and (18.9%) from a year ago.

Tampa Real Estate Market Update – Existing Home Sales July

Tampa Real Estate Market/National Real Estate Market

This morning we received Sales of Existing Homes for the 2nd quarter.  The numbers came in at an annual adjusted rate of 4.76 Million up 4% from 4.58 million in the first quarter, but down 16% from a year ago according to the National Association of Relators.  On a price front in the Tampa Real Estate Market we saw a continued decrease in median selling price for existing homes from $173K in 2nd qtr 2008 to $140K in 2nd qtr 2009, however we saw an increase in price from 1st qtr 2009 to 2nd qtr 2009 of $5K. 

Once again these numbers confirm our analysis back in our April press release where we had called a bottom in the housing market.  It should however be noted that a significant # of these properties 36% were from foreclosures and short sales, with Florida having one of the biggest inventories for Foreclosures/Short-Sales

Davis Islands Real Estate Activity Report Year to Date (July)

Attached is our Davis Islands Real Estate Activity Report for July (Year to Date)  This report includes details and graphs of Days on Market and Sales Activity for the various Home Prices Levels on Davis Islands in South Tampa.  It is necessary to conduct this analysis at various home pricing levels to give users and accurate account of the Home Sales Activity on Davis Islands.  The vast difference in home sale activities when comparing waterfront properties to 2 bedroom condos can be quite great.

Davis Islands Real Estate Activity Report July 2009

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