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

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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

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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 – Home Foreclosures July 09

Tampa Home Foreclosures

As the real estate market continues to slowly move along the # of foreclosures have not abated yet.  According to RealtyTrac 1 in every 9,104 housing units in Florida received a foreclosure filing in July 2009.  Additionally, there are over 1,818 foreclosure properties in Tampa or 1 in every 184 housing units.  The numbers by zip code are as follows

Tampa Homes in Zip Code 33606 – 40 foreclosure properties and 1 in every 239 tampa homes

Tampa Homes in Zip Code 33629 – 29 foreclosure properties and 1 in every 463 homes

Tampa Homes in Zip Code 33609 – 69 foreclosure properties and 1 in every 137 homes

Tampa Homes in Zip Code 33611 – 81 foreclosure properties and 1 in every 230 tampa homes

Tampa Homes in Zip Code 33616 – 18 foreclosure properties and 1 in every 353 tampa homes

Tampa Homes in Zip Code 33602 – 64 foreclosure properties and 1 in every 74 tampa homes

For more detailed information on Tampa Homes foreclosures and how to purchase them contact us today.

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

Davis Islands Homes Real Estate Snapshot – July

Davis Islands Single Family Home Sales

MARKET PRICE TREND: NEUTRAL

MARKET ACTIVITY TREND: UPTRENDING

 

From our analysis we believe the Davis Islands market is in an Activity status of UPTRENDING and a Price Status of NEUTRAL.  From a statistical standpoint we have seen the number of actual closings slightly decline over the last three months from the year’s high watermark in May of 7 properties (7- May, 5-June, 3 -July).  However, the number of properties Pending have increased steadily to 10 (10 – July, 5 – June, 2 – May).  Additionally, we are seeing a price floor in the mid to upper 200’s on the lower end and the mid to upper 500’s on average.  While we do not expect home sale prices to increase dramatically anytime soon we believe that an increase in sales and pending sale properties will continue to occur over the next two quarters.

On a national front the most recent Existing Home Sale numbers have shown a steady increase, this has been primarily in the lower end market, particularly those home eligible for FHA financing and the $8,000 first time home buyer credit.

JUST SOLD: 4426 W Bay Court – Tampa FL

 

This charming neighborhood boasts pride of ownership.  The convenient location offers easy access to Gandy Blvd, Manhattan Ave, Bayshore Blvd and the Crosstown Expressway.  Business abounds at the great restaurants and boutiques just around the corner.  The location is also conveniently located to many area schools. This home has been owned by the same family since 1976.  The roof is newer and the lot size is terrific.  A courtyard in the back will allow you to extend the already generous living space.  Inside you will find three bedrooms, two baths, a family room, living room and dining room. MLS#2375323

Click this link to see details: 4426 W Bay Court

Other Current Tampa Real Estate Listings

Daily Market Sip 4/23/2009

The March numbers on existing home sales was released this morning.   Existing homes sales dropped 3% to 4.57 million units compares with a revised # of 4.70 million units in February.  This drop in March was actually lover than the consensus # of 4.65 million.  Additionally, there was a slight rise in sales price with a slightly lower drop in existing homes on the market.

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