Tag: Home Sales


Sold: 2001 2nd Ave Box Factory Lofts – Ybor City

Now is the opportunity to live in Historic Ybor City at the beautiful and historic Cigar Box Factory Lofts, which dates back to 1915. This beautifully restored building has both the look and feel of pure urban living and are the prime residents for those seeking a mix of city life with historic vibe. As you enter the unit the expansive open air loft with 15 foot ceilings will take your breath away. The multiple large picture windows in the unit allow for plenty of light and a beautiful view of the courtyard and pool. The stained concrete floors have been refinished and waxed, providing a cool and smooth feel. The kitchen contains granite counter tops, wood cabinets and stainless steel appliances. As you walk up the custom steel-cable staircase with solid wood treads to the master bedroom suite you will appreciate the genuine nature of this loft. The large master bedroom suite loft overlooks the entire unit, with a large master bath containing dual vanities, walk-in shower and sunken tub. Properties at Box Factory do not come on the market often so take advantage of this quality property that is located in the Heart of Ybor City, close to Channelside, Downtown Tampa, and Interstate 4. Additionally, this unit has a special 10 year tax exemption that began in 2008 which provides approximately 50% relief in real estate taxes for 10 years in addition to the homestead.

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Sold: 419 Chippewa Ave Davis Islands

Impeccable best describes this Davis Islands gem at a great price. From the moment you view this home you will experience its spaciousness, quality and exquisite condition. As you walk through the front entrance you will feel the openness with high vaulted ceilings, beautiful wood floors and numerous windows. This two story home has been meticulously cared for and will provide its new owners with an airy eat-in kitchen, formal dining room, living room with wood-burning fireplace and functionally flexible family room. The first floor has two sets of French doors leading to an outdoor deck overlooking manicured landscape. The upstairs residence consists of a huge master bedroom suite with wood-burning fireplace, Jacuzzi garden tub, walk-in shower and double vanity. The two guest bedrooms are also upstairs with beautiful carpeting and share a full bath. Experience the wonderful lifestyle of living on Davis Islands, with walking distance to the Davis Islands Village for dining, shopping and just enjoying the Island life. Additionally, you are in the heart of South Tampa with easy access to Downtown Tampa, Channelside, Hyde Park and Historic Ybor City. If you have been searching for that perfect Islands home, now is your chance.

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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 Homes Real Estate Snapshot – July

Davis Islands Single Family Home Sales




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.