Real Estate TipsTampa Area Real Estate News & Market Trends

April 15, 2021

Why This Is a Great Year to Sell Your Vacation Home

Why This Is a Great Year to Sell Your Vacation Home

Why This Is a Great Year to Sell Your Vacation Home | MyKCM

As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports:

Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”

It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent survey from The Harris Poll:

“Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gatherings at home or at friends’ place.’”

Not only are vacation homes seen as a potentially more pandemic-friendly way to travel and socialize, but they can also serve as an extended home-away-from-home. With more Americans being given the option to continue working remotely or retire earlier than expected, vacation homes can be used year-round. The NAHB explains:

“Remote work arrangements have made it possible for some wealthier Americans to move to alternate locations that are not just small, suburban shifts from within their current metro area.  More fundamentally, second home demand may also be benefitting by an acceleration of retirement plans, as well as stock market gains.”

Bottom Line

The demand for vacation homes has increased and will continue to rise as we head into summer. If you own a house in a destination area and have thought about selling, now is a great time to take advantage of today’s high buyer interest. Let’s connect to discuss your opportunities in our local market.

Posted in sell my home
March 15, 2021

Tampa Florida - Now is the time to buy

Jessica SladkyTampa Bay Home Insider: Now is the time to buy.

Author – Jessica Sladky

Loan Rates

With low interest rates and rising home values, now is the time to buy. Homes are expected to increase by ateast 10% through 2022. The median home listing price in the Tampa Bay Area, according to realtor.com, is $299,000. This is up approximately 7% since last year. There are not many investments that have this high of a return rate (ROI) and it’s expected to continue to climb over the next couple years.

Did you know, the Tampa Bay area has been consistently ranked in the top cities to live in for the past several years. Some of our major surrounding cities in Tampa include Wesley Chapel, Land O’ Lakes, Lutz, Clearwater, St. Petersburg, Plant City, Ruskin, South Tampa and Riverview. Many people are flocking to these areas because of our year-round outdoor living. Whether your next home has a large outdoor space or a small one, you are guaranteed to enjoy it most days of the year. There are a few days sprinkled throughout the winter that dip down into the 30’s and 40’s. You may laugh at us now, but once your body acclimates to our weather, you will be wearing your winter coat and boots on these days just like the rest of us.

Mirada Lagoon
We have some amazing new developments a little north of Tampa, Mirada and Epperson that offer lagoon style living. It’s 5 o’clock somewhere right? Both man-made lagoon developments have been constructed to offer the best lifestyle while reducing your carbon footprint. If you choose one of these developments, make sure to budget for a golf cart. They have their own special lanes throughout the entire community, making it easier to get around, saving you gas and mileage on your vehicle, and helping reduce pollution. Not to mention, the upfront golf cart parking spots in every parking lot! If that doesn’t convince you, these communities come with ultra-WIFI built into each home and a central community space with loads of activities. These activities include, Christmas Golf Cart Parades, movies at the lagoon, and all types of family focused events. In addition to a plethora of outdoor activities such as, kayaking, inflatable obstacle courses, white sandy beaches, as well as delicious food and drinks. The best part is that the homes in these developments are affordable if you purchase soon.

There are many new builds in and around the Tampa Bay Area. Make sure you have a very qualified realtor on your side before you go and view these homes. A good realtor will be able to negotiate with the builder because we have firsthand experience dealing with them and expert knowledge of construction pricing. We can also guide you through their long tedious paperwork process and maybe even get you an upgrade or two.

If you’re looking for a more historical home, head over to Seminole Heights and check out our Florida Bungalows and Craftsman’s. Some of these homes are more than 100 years old and many have the original hardwood floors. Can you say jackpot! If only those floors could talk. Seminole Heights is bustling with small local businesses, renown restaurants, and cool outdoor hangouts. Shuffleboard anyone? This community is always finding ways to engage everyone who lives nearby. Whether that be their famous markets, cool speakeasy’s, or their beautiful parks along the river.

Davis Island
Or perhaps the old Florida charm in South Tampa is more your style? Lined with palm trees and grand oaks, South Tampa offer luxury estate homes, many bay front or within walking distance to Bayshore Boulevard. Davis Island offers luxury homes close to downtown Tampa or how about a newly constructed downtown condo in the Altura Bayshore?

Don’t worry, we have many communities like this throughout the Tampa Bay area. Working with an expert realtor from Team Z Realtors, will help you find your perfect home in no time. Did you know that using a realtor to buy a home costs you nothing? At Team Z Realtors, we will treat you like family and make sure you get the best deal possible. With a market like this, now is the time to buy. Sign up here Tampa Realtors - Tampa homes for sale Florida to start viewing homes.

P.S. We also have access to homes that aren’t always listed on Zillow, Realtor.com, or the MLS, because we’re just that good!

Aug. 22, 2020

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July 29, 2020

Is it a good time to buy a house in Tampa FL?

Is it a good time to buy a house in Tampa FL?

Of course there is not a simple black and white answer, that would be too easy. Withe the covid-19 virus still rearing its ugly head the expectation would be for home prices to begin to drop. However that has not been the case so far. 

Listing inventory is down compared to this time last year and has caused a pike in home prices with competing offers. Interest rates are still at an all time low with no real signs of increasing.

 

Buying sooner than later could be the wise decision!

Market Report

Market Report Tampa, Florida

Tampa, Florida

Market Snapshot: Estimated Home Values

 

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Change Over

Last Month

image.48%

 

 

Change Over

Last Quarter

image1.38%

 

Change Over

Last 12 Months

image5.94%

 

Change Over

Last 24 Months

image9.57%

 

Thismap layer shows the average estimated home values, based on the AVMsand RVMs® for properties in an area. Source(s): Public recordsand MLS data where licensed; updated Quarterly.

 

Median Est. Home Value

$258K

Updated: 6/30/2020

 

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About this Data: Estimated home values are generated by a valuation model and are not formal appraisals. Valuations are based on public records and MLS data where licensed. The metrics shown here reflect All Residential Properties data.

Tampa, Florida

Market Snapshot: 12-Month Change in Estimated Value

 

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Change Over

Last 12 Months

image5.94%

 

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Last 24 Months

image9.57%

 

Change Over

Last 36 Months

image19.2%

 

Thismap layer shows the change in estimated home valuesover the past 12 months, based on the AVMs and RVMs® for properties in an area. Source(s): Public recordsand MLS data where licensed; updated Quarterly.

 

Median Est. Home Value

$258K

Updated: 6/30/2020

 

image

About this Data: Estimated home values are generated by a valuation model and are not formal appraisals. Valuations are based on public records and MLS data where licensed. The metrics shown here reflect All Residential Properties data.

 

Tampa, Florida

Market Snapshot: Concentration of Distressed Properties

 

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Thismap layer shows the concentration of distres ed properties, in areas where RPR has MLS data. Source(s): MLS data; updated Quarterly.

 

Total # of

 

# of

 

# of

 

# of

Distressed Properties

504

Updated: 7/29/2020

 

Pre-Foreclosures

369

 

Foreclosures

135

 

Short Sales

0

 

 

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About this data: The metrics displayed here reflect distressed property counts (listings and public records) for All Residential Properties as of 7/29/2020.

 

 

Market Snapshot: Sales Price

Tampa, Florida

 

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image.63%

 

 

Change Over

Last Quarter

image6.36%

 

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Last 12 Months

image6.46%

 

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Last 24 Months

image9.86%

 

Thismap layer shows the average sales price for properties sold in the previous six months, in areas where RPR has MLS data. Source(s): MLS data; updated Quarterly.

 

 

Median Sales Price

$280K

Updated: 6/30/2020

 

 

 

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About this data: The Metrics displayed here reflect median sales price for All Residential Properties using MLS listing data.

 

 

Market Snapshot: List Price

Tampa, Florida

 

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Change Over

Last Month

image4.2%

 

 

Change Over

Last Quarter

image7.8%

 

Change Over

Last 12 Months

image5.93%

 

Change Over

Last 24 Months

image10.3%

 

 

Thismap layer shows the average listing price for properties in the previous six months, in areas where RPR has MLS data. Source(s): MLS data; updated Quarterly.

 

 

Median List Price

$313K

Updated: 6/30/2020

 

 

About RPR (Realtors Property Resource)

Realtors Property Resource® is a whollyowned subsidiaryof the National Association REALTORS®.

RPR offers comprehensive data – including a nationwide database of 164 million properties – as well as powerful analytics and dynamic reports exclusively for members of the NAR.

RPR's focus is giving residential and commercial real estate practitioners, brokers, and MLS and Association staff the tools theyneed to serve their clients.

This report has been provided to you bya member of the NAR.

 

 

About RPR's Data

RPR generates and compiles real estate and other data from a vast arrayof sources. The data contained in your report includes some or all of the following:

Listing data from our partner MLSs and CIEs, and related calculations, like estimated value for a propertyor median sales price for a local market.

Public records data including tax, assessment, and deed information. Foreclosure and distressed data from public records.

Market conditions and forecasts based on listing and public records data.

Census and employment data from the U.S. Census and the U.S. Bureau of Labor Statistics.

Demographics and trends data from Esri. The data in commercial and economic reports includes Tapestry Segmentation, which classifies U.S. residential neighborhoods into unique market segments based on socioeconomic and demographic characteristics.

Business data including consumer expenditures, commercial market potential, retail marketplace, SIC and NAICS business information, and banking potential data from Esri.

School data and reviews from Niche.

Specialty data sets such as walkability scores, traffic counts and flood zones.

 

Update Frequency

 

Listings and public records data are updated on a continuous basis.

Charts and statistics calculated from listing and public records data are refreshed monthly.

Other data sets range from daily to annual updates.

 

Learn more

For more information about RPR, please visit RPR's public website: http://blog.narrpr.com

Posted in Tampa Fl
July 28, 2020

The Florida Housing Market

The Tampa Housing Market

The phone is still ringing, the online showing requests and property inquiries are still coming the in and we are now showing homes both in person and virtually. 

According to Amy Scott in her May 8th article titled Housing Market Show Signs of Thaw she states "Strong buyer demand hasn’t faded, and some now think April’s downturn was a pause so agents, buyers and sellers could figure out how virtual home selling works" and I am in total agreement. 

The activity level for home buying has definitely made some corrections to leftist. We are seeing what would have been strong home buyer candidates who have lower credit stores, but may have qualified in the past being turned away by current lender standards. It has become harder for mortgage brokers to shop these loans and we are seeing necessary scores in the 660's. That's not to say there are still not lenders able to finance loans at the old 580 score. It's simply a matter of identifying those lenders and making sure the you are using a lender who underwrites their own loans and has the liquid capital behind it.

July 27, 2020

How to Use the Basic Home Search

How to Use the Basic Home Search

July 27, 2020

How to use the advanced home search tool

Advanced Home Search Tool!

May 13, 2020

Pasco County Parks changing for the future

Great news for Pasco County residents!  While our parks were closed, nice improvements were made.  Pasco County is fast becoming a highly desirable place to live thanks to beautiful wide-open spaces, a growing job market and excellent housing choices.  Take a look at this video message to learn more about some of nature's finest spots in Pasco County.  Interested in exploring the house options?
Experience the Team Z difference!

Pasco County Parks changing for the future


View Pasco County Homes and Real Estate

To View the entire Article click here!

May 12, 2020

Cypress Preserve

Cypress Preserve in Land O Lakes Florida

Take a look at this wonderful community in Land O Lakes Florida.

View Just Listed Homes for Sale in Cypress Preserve

March 31, 2020

Realtors Deemed Essential Service

Homeland Security Deems Real Estate an Essential Service

An advisory opinion helps “officials as they work to protect their communities, while ensuring … public health and safety, as well as economic and national security.”

WASHINGTON – Officials say new federal guidance should signal to state and local officials the need to allow construction and real estate activity to continue during coronavirus-related work stoppages.

The guidance includes a 15-page list of essential services, and “residential and commercial real estate services, including settlement services,” are listed on page 13. It also includes real estate support services, such as government offices that conduct title searches and notary and recording services that support mortgage loans and the real estate industry. READ MORE