You are currently browsing the tag archive for the ‘home sales’ tag.

Advertisements

 

Get your flip-flops ready!! Jimmy Buffet has partnered with Minto Communities to create a community for people 55-and-older in Daytona Beach, Florida which promises to “reflect the lifestyle embraced in Buffet’s songs”.

Jimmy Buffet retirement community

MINTO COMMUNITIES + GETTY photo

`

Say what? Get your limes & salt shakers out.

The 6,900-home community  says it will be tropical & fun.The plans include a pool with cabanas instead of a central park & statue like most towns. Music, food,  beverages, an onsite fitness center, indoor lap pool, spa and an outdoor resort-style pool will be the core of this development.

William Bullock, a senior vice president with Minto, told The Daytona Beach News-Journal: “You never know when or where Jimmy Buffett may show up to do a concert. The concept for the community is Margaritaville equals fun,” Bullock said. “Having fun, socializing, enjoying the lifestyle because you’ve earned it, you’ve been waiting your whole life for it and now you’ll be able to celebrate it with food, fun and music.”

The first phase of the Latitude Margaritaville, Daytona Beach, homes are expected to be ready to move into by fall 2018. They’ll feature Old Florida and Key West architectural styles and range in price form the low $200,000s to the mid-$300,000s. They are also going to have some live broadcasts, artists unknown at this time, from there on their SiriusXM Channel.

for more info see    http://www.news-journalonline.com/news/20170216/jimmy-buffett-community-coming-to-daytona

NEW YORK – Feb. 8, 2017 – Women, on average, earn less than their male counterparts, but single females buy homes at more than twice the rate of men.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=348220

In 2016, single women accounted for 17 percent of homebuyers in the last year compared to just 7 percent of single men, according to the National Association of Realtors® (NAR). The housing gender gap has existed for a while, but it continues to widen for a variety of reasons, according to Jessica Lautz, NAR’s managing director of survey research and communications.

For one, single women are more likely to be parenting on their own than single men; as such, they may be more likely to seek stable housing for their children. In 2011, there were 8.6 million single-mother households and only 2.6 million single-father households, according to the Pew Research Center.

“If you have children, it’s definitely going to play a role in where you’re thinking of living and how,” Lautz says. “And a mortgage can provide financial security. I think women, even with lower incomes, want a place where they can have roots and really own a place. The psychological desire to do that is great.”

And, despite cultural assumptions about women’s desire for marriage, single women without kids are more likely to be drawn to “singledom” lifestyles than men are, says Bella DePaulo, author of “Singled Out” and a professor at the University of California at Santa Barbara.

“Some research suggests that single women are especially unlikely to be lonely – again, contrary to our stereotypes,” DePaulo told Bloomberg. “Buying a home is a way of living your single life fully, rather than seeing your single years as just marking time until you find ‘the one.'”

The wage gap may still play a part in the house hunt, however. Single women tend to buy their first homes at an older age than men – 34 years old compared with 31, according to NAR research. They also tend to buy in a lower average price at a median $173,000 compared to $190,600.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=348220

Source: “Why Single Women Are Buying Homes at Twice the Rate of Single Men,” Bloomberg (Jan. 31, 2017)

© Copyright 2017 INFORMATION, INC. Bethesda, MD (301) 215-4688

 

nai_3qstats_postcards_web-1

 

                                                                                                

  Here is an overview of how our area is performing.
The single family homes real estate markets in Pinellas, Hillsborough and Pasco Counties are still looking very strong after the third quarter of 2016. Higher median sales prices, more closed sales, and faster time to contract are all good news for sellers.
Inventory has shrunk year-over-year for the second quarter. Median Days to Contract is down in the Pinellas, Hillsborough and Pasco markets, reflecting the short amount of time a home is on the market between being listed and being sold. All of this means fewer homes to choose from and a likelihood of more competition between buyers.
As your local Realtor® and Neighborhood Advocate, I am your resource for data that affects our communities and your property value. Homeownership affordability and accessibility is a cornerstone of the Realtor® advocacy efforts at every level – local, state and national.
Here are some highlights from the Florida Realtors® Quarter 3 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Slightly down for Pinellas County; up for Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 2015. This statistic is a good indicator of the overall health of the market, and successful closed sales mean a win-win for both buyers and sellers.

o    Pinellas County: 3,709 Closed Sales Q3 2016 vs. 3,759 Closed Sales Q3 2015, a 1.3% decrease
o    Hillsborough County: 5,257 Closed Sales Q3 2016 vs. 4,928 Closed Sales Q3 2015, a 6.7% increase
o    Pasco County: 2,719 Closed Sales Q3 2016 vs. 2,648 Closed Sales Q3 2015, a 2.7% increase

  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.

o    Pinellas County: $219,900 Median Sale Price Q3 2016 vs. $186,000 Median Sale Price Q3 2015, an 18.2% increase
o    Hillsborough County: $224,045 Median Sale Price Q3 2016 vs. $202,000 Median Sale Price Q3 2015, a 10.9% increase
o    Pasco County: $185,000 Median Sale Price Q3 2016 vs. $157,500 Median Sale Price Q3 2015, a 17.5% increase

  • Inventory (Active Listings): Down for Pinellas County, Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 2015. When inventory is low, there are fewer houses on the market and buyers are often competing for homes or have a tougher time finding a home that suits their exact needs. Flexibility, planning and preparation are key to being able to make an offer on a home when you do find what you’re looking for.

o    Pinellas County: 3,857 Active Listings Q3 2016 vs. 3,952 Active Listings Q3 2015, down 2.4%
o    Hillsborough County: 5,113 Active Listings Q3 2016 vs. 5,251 Active Listings Q3 2015, down 2.6%
o    Pasco County: 2,518 Active Listings Q3 2016 vs. 2,905 Active Listings Q3 2015, down 13.3%

  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 3 2016 from Quarter 3 2015. The midpoint of the number of days it took for a property to receive a sales contract during that time. The faster a home goes to contract, the less time it is on the market for sale. Another good indicator for sellers and a tool for buyers to understand how to reach their goals in a hot market.

o    Pinellas County: 27 Days Q3 2016 vs. 32 Days Q3 2015, a 15.6% decrease
o    Hillsborough County: 29 Days Q3 2016 vs. 39 Days Q3 2015, a 25.6% decrease
o    Pasco County: 29 Days Q3 2016 vs. 43 Days Q3 2015, a 32.6% decrease

If you would like to discuss the market statistics further, or would like me to keep you informed, I would welcome the opportunity to provide monthly stats for you. Please don’t hesitate to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566 if I can be of service.

© 2016 Pinellas Realtor Organization

Pinellas Realtor Organization
Neighborhood Advocates Initiative
Q2 Stats (Campaign #8 / 8-2016)

 

Displaying

Florida Realtors® recently released the 2016 second quarter (April through June) real estate market statistics for the state. I wanted to share with you an overview of how our area is performing.

The single family homes real estate markets in Pinellas, Hillsborough and Pasco Counties are still looking very strong after the second quarter of 2016. Higher median sales prices, more closed sales, and faster time to contract are all good news for sellers.

Inventory has shrunk year-over-year for the second quarter. Median Days to Contract is down in the Pinellas, Hillsborough and Pasco markets, reflecting the short amount of time a home is on the market between being listed and being sold. All of this means fewer homes to choose from and a likelihood of more competition between buyers.

As your local Realtor® and Neighborhood Advocate, I am your resource for data that affects our communities and your property value. Homeownership affordability and accessibility is a cornerstone of the Realtor® advocacy efforts at every level – local, state and national.

Here are some highlights from the Florida Realtors® Quarter 2 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 2015. This statistic is a good indicator of the overall health of the market, and lots of closed sales mean both sellers and buyers are achieving success.
    • Pinellas County: 4,023 Closed Sales Q2 2016 vs. 3,893 Closed Sales Q2 2015, a3.3% increase
    • Hillsborough County: 5,426 Closed Sales Q2 2016 vs. 5,094 Closed Sales Q2 2015, a 6.5% increase
    • Pasco County: 2,859 Closed Sales Q2 2016 vs. 2,763 Closed Sales Q2 2015, a3.5% increase
  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.
    • Pinellas County: $209,950 Median Sale Price Q2 2016 vs. $184,433 Median Sale Price Q2 2015, a 13.8% increase
    • Hillsborough County: $220,990 Median Sale Price Q2 2016 vs. $200,000 Median Sale Price Q2 2015, a 10.5% increase
    • Pasco County: $177,725 Median Sale Price Q2 2016 vs. $156,475 Median Sale Price Q2 2015, a 13.6% increase
  • Inventory (Active Listings): Down for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 2015. When inventory is low, there are fewer houses on the market and buyers are often competing for homes or have a tougher time finding a home that suits their exact needs. Flexibility and preparationare key to being able to make an offer on a home when you do find what you’re looking for.
    • Pinellas County: 3,916 Active Listings Q2 2016 vs. 4,261 Active Listings Q2 2015, down 8.1%
    • Hillsborough County: 5,266 Active Listings Q2 2016 vs. 5,611 Active Listings Q2 2015, down 6.1%
    • Pasco County: 2,642 Active Listings Q2 2016 vs. 3,141 Active Listings Q2 2015, down 15.9%
  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 2 2016 from Quarter 2 2015. The midpoint of the number of days it took for a property to receive a sales contract during that time. The faster a home goes to contract, the less time it is on the market for sale. Another good indicator for sellers and a tool for buyers to understand how to thrive in a hot market.
    • Pinellas County: 28 Days Q2 2016 vs. 35 Days Q2 2015, a 20.0% decrease
    • Hillsborough County: 28 Days Q2 2016 vs. 39 Days Q2 2015, a 28.2% decrease
    • Pasco County: 33 Days Q2 2016 vs. 42 Days Q2 2015, a 21.4% decrease

If you would like to discuss the market statistics further, or would like me to keep you informed, I would welcome the opportunity to provide monthly stats for you. Please don’t hesitate to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566 if I can be of service. Thank you for your time.

© 2016 Pinellas Realtor Organization

There are three dominant trends in real estate that sellers should be aware of going into the new year. CNNMoney recently asked industry insiders to share what will be important when it comes to selling a home in 2016. Do you agree?

  1. A seller’s market dominates. Home prices have been climbing so much that they’re even matching their 2006 highs. Seller’s markets are more dominant in certain cities such as San Francisco, where bidding wars are widely reported and offers go well above asking price. “The more lucrative a region’s economic future appears to be, the easier you can expect it to be to sell a home,” according to the article.
  2. Mortgages will get pricier. Low mortgage rates have been the standard in the last few years, but that will soon change. The Federal Reserve is gradually beginning to raise rates, which will move mortgage rates higher and dampen affordability. Sellers should be aware that it may become more difficult for prospective buyers to secure financing.
  3. Tax benefits still abound. The largest tax break for ordinary taxpayers who qualify remains the exclusion on capital gains for the sale of personal residences. Single taxpayers are able to exclude a maximum of $250,000 in gains from the sale of a home. Joint filers get double that: $500,000.

Source: “Selling a Home in 2016? Here’s What You Need to Know,” CNNMoney/Motley Fool

Year over year, closed sales saw a jump of 25% in February. We’re just getting into the busy buying season, and things are looking up. For the last 4 years, January was a slow start but every year February restarts the busy Florida home buying season of March, April & May. Year over year, closed sales and cash sales saw a jump of 25% and 19% respectively. This is great for us and the economy. Also closed short sale transactions are down 22% from last year.

S & P Case-Shiller Home Price Indices named the Tampa Bay area one of the top 10 home markets in the country!! Tampa Bay continues to be a hot market, with Pinellas County leading the way. Pinellas County includes St Petersburg, St Pete Beach, Clearwater Beach, Treasure Island,  Madeira Beach, Pass-A-Grille & more. I’m sure, we all will be watching the Federal Reserve to see when and how much the interest rates will go up. Pinellas County continues to lead the region in employment as well. Keeping my fingers crossed for a fantastic season & a great year.

Feb 2015 stats

Annalisa Weller, Realtor®, Certified International Property Specialist

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 325 other followers

List of Categories

Monthly archive of my posts

RSS PROView-Pinellas Realtor Organization

  • PRO Supports Penny for Pinellas September 25, 2017
    Projects without property taxes The Penny makes it possible to do more capital projects without relying on property taxes. The Penny generates the equivalent of 2.4 mills of property taxes ($314 on the average single-family home with a taxable value of $131,000). Without the Penny, the County and cities would rely more heavily on other funding sources […] […]
    Josh Cruz
  • Join us as REALTORS® Build and REBuild Communities.   September 18, 2017
        In the aftermath of Hurricane Irma, Florida Realtors® and the Florida Disaster Relief Fund have housing and recovery as our priority.  Please know if you are affected by the storm, the Disaster Relief Fund is a dedicated fund that is there for REALTORS® to make application and seek financial assistance in their time […]
    Josh Cruz
  • Hurricane help for you and your clients. September 15, 2017
      2017 Florida Realtors® President Maria Wells: “In the wake of Hurricane Irma, which has hit our state hard and devastated so many communities, we know many of you are feeling the impact. You’re working to get your homes and businesses repaired. You’re helping your neighbors. You’re joining forces with others to offer food, shelter, repairs […]
    Josh Cruz
  • National flood insurance extended for three months September 14, 2017
    WASHINGTON – Sept. 13, 2017 – On Thursday, Sept. 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP) that was scheduled to expire on Sept. 30, 2017; and on Friday, Sept. 8, the House of Representatives passed the legislation and President Trump signed the bill into law later […]
    Josh Cruz
  • ‘Welcome’ to Our New Members Who Joined in August! September 1, 2017
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® that joined us in August! We are happy to have you as a part of our organization and wish you much success in your careers. AAN Realty, LLC Marybeth C. Hoskins AAN Realty, LLC Lauren Rocamora Acclivity Now LLC Taylor Dupois Action […]
    Josh Cruz

Visit Me at Active Rain