The numbers are in for 2011 and there was definitely progress made in stabilizing the market.  The inventory levels were down and the sales were up.  Unfortunately, many of the sales were still short sales and bank owned properties.   Here’s a look at the numbers:

The way that we gauge the market is based upon how many months supply of homes we have to sell.  We determine this by looking at our current inventory and the rate at which homes are selling.  This will tell us how many months it will take for us to sell off all of our current inventory.  When the real estate market dropped in Tampa we had a 22 month supply of homes.  Ideally, we would like to see around a 6 month supply.  In 2010, we were made it down to a 7.3 month supply.  In 2011, we made it all the way down to 5.3 month supply.  Looking at the graph you can see that once we dropped in 2011, we stayed pretty consistent.  This is a great indicator of how the Tampa Bay market is doing.  Unfortunately, there are still a lot of short sales and bank owned homes for sale and this is keeping downward pressure on the Tampa real estate market.

There is no crystal ball that we can check to determine when the market will go back up but this is a good indicator and another is watching the investors and the builders.  The seasoned investors are buying again and the builders are building again.  Actually, if you watch when you’re driving through Tampa, Land O Lakes, Wesley Chapel and the surrounding areas, you will probably see some of the signs going up for new communities in the area.  There are quick a few that are scheduled to open over the next year.  You will hear more about this in the coming weeks.

]]> http://tampahousematters.com/2012/02/tampa-bay-real-estate-market-update/feed/ 0 http://tampahousematters.com/2012/02/new-construction-showcase-home-asbel-estates/ http://tampahousematters.com/2012/02/new-construction-showcase-home-asbel-estates/#comments Mon, 06 Feb 2012 10:31:29 +0000 lhouse http://tampahousematters.com/?p=544 This home is a newly built home located in Land O Lakes.  The builder is offering a home warranty, 100% financing and all closing cost are paid by the builder.  This community is located just 15 minutes from the future T. Rowe Price location.

9552 Jaybird Ln, Land O Lakes, FL 34638 (MLS # T2471600)

NOT A SHORT SALE - BRAND NEW Home with Warranty - ready to Move-In!!! 100% Financing Available & CLOSING COSTS PAID with approved lenders! Low taxes and NO CDD! Great open floorplan with covered lanai included!Beautiful cabinetry, recessed lighting, and much more!! Awesome home - Awesome Price! Or let us build one just for you! This home has an Impressive Included Feature Package! We build a better home for a better price - let us show you how!

Property Type(s): Residential / All, Residential / Single Family

Last Updated	1/3/2012	Tract	Asbel Estates Ph 3
Year Built	2011	Community	n/a
Garage Spaces	2.0	County	Pasco
Total Parking	2	Walk Score ®	8

Price History

Schools

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with ADAMS HOMES REALTY,INC.

(view all details for MLS #T2471600)

Did I implement any of the moving tips that I counsel my clients on? Of course not! I didn’t get enough boxes, I didn’t label any of the boxes and I didn’t put like items together in the same box (mainly because I didn’t have enough boxes). I did, however, make it to the new office with all of my belongings. I guess, I can still call it mission accomplished. We can just chalk this one up to one of those motherly, “Do as I say, not as I do” moments.

So, what does this move mean for my clients? First of all, it reminds me to give helpful moving tips. Other than that, not much changes. I still sell homes in all of the same areas that I always have, which includes Land O Lakes, Wesley Chapel, Lutz, Tampa, Brandon, Valrico, Seffner and Riverview. You can still reach me through the same phone numbers, email and text. I still offer home buyer and seller consultations. The only thing that changes is our office address.

So, here’s to a fresh new start in what will, hopefully, be a more convenient location for all of you. The new address is 15702 North Dale Mabry, Tampa, FL 33618. You can still reach me via phone or text at 813-317-4300 or email at Homes@LyndieHouse.com. I look forward to seeing you soon at our new location.

7834 Tuscany Woods Dr, Tampa, FL 33647 (MLS # T2502867)

Brand new construction home and Energy Star qualified. Situated on one of the prettiest pond/conservation lots in Tuscany Woods. This home features Maple cabinets throughout, Corian counters in kitchen and all 3 bathrooms, kitchen island, 13" tile in all wet areas, Double French doors in study, plus Stainless Steel range & dishwasher.

Property Type(s): Residential / All, Residential / Single Family

Last Updated	1/20/2012	Tract	Tuscany Sub At Tampa Palms
Year Built	2011	Community	n/a
Garage Spaces	2.0	County	Hillsborough
Total Parking	2	Walk Score ®	8

Schools

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with STANDARD PACIFIC OF TAMPA

(view all details for MLS #T2502867)

I came across this article today which has some great suggestions on how to build credit so that you don’t run into these issues.

How Do I Build Credit Without a Credit Card?

If you are interested in buying a home and have questions feel free to contact me.  I am always available to free home buyer and seller consultations.

View Virtual Tour

You will FEEL RIGHT AT HOME as soon as you enter this OPEN SPACIOUS and INVITING home. GENEROUS FORMAL LIVING AND DINING AREAS with GORGEOUS SCRAPED HARDWOOD FLOORING greet you and an inviting HALLWAY with CUSTOM NICHES leads to your OVERSIZED KITCHEN AND FAMILY ROOM. Your Kitchen has a LARGE EAT-IN SPACE, COUNTER SEATING and SOLID SURFACE COUNTER TOPS including a GRANITE TOPPED ISLAND and is OPEN to the FAMILY ROOM. BEAUTIFUL VIEWS of your SPARKLING CAGED POOL and SERENE POND complete with FOUNTAIN are available from the KITCHEN, FAMILY ROOM, MASTER BEDROOM AND FOURTH BEDROOM. The SPLIT BEDROOM PLAN allows for PRIVACY FOR GUESTS AND FAMILY MEMBERS. MASTER SUITE includes WALK-IN CLOSETS, DOUBLE SINKS, SEPARATE WALK-IN SHOWER and GARDEN TUB. GREAT LOCATION with EASY ACCESS to ALL AMENITIES and INTERSTATE. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. This property is approved for HomePath Renovation Mortgage Financing. Come see this great home before it is too late!

Property Type(s): Residential / All, Residential / Single Family

Last Updated	2/3/2012	Tract	Arbor Lakes Ph 2
Year Built	1999	Community	n/a
Garage Spaces	3.0	County	Hillsborough
Total Parking	3	Walk Score ®	3

Price History

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with PRUDENTIAL TROPICAL REALTY

(view all details for MLS #T2499925)

We're sorry, but we couldn't find MLS # T2469108 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

20014 Outpost Point Dr, Tampa, FL 33647 (MLS # T2491885)

BRAND NEW --move in December 2011! WOW this Energy Star Certified home is located in the beautiful GATED community of Grand Hampton which provides a Grand Club House with Resort Style Pools, Billiard Room, Fishing, Tennis, Playground and Park.This stunning home has Stone Accent Exterior and provides 4 BED-3 BATH, and 3 CAR GARAGE WITH additional BONUS ROOM. Also features a private separate STUDY perfect for a home office or library. The Gourmet Kitchen with Breakfast Nook overlooks the Family Room. The kitchen offers 42" wood Cabinets, Granite Counter Tops, Stainless Steels Appliances and an "Oversized" Bar. Formal Living Room and Dining Room for your Entertaining. The Master Suite features a Bay Window, Tray Ceiling with Crown Molding anda Deluxe Bathroom to include Granite Countertop, Duel Sinks, Upgraded Cabinetry and a large separate Shower and Garden Tub. All Ready for you to move in "Before 2012."

Property Type(s): Residential / All, Residential / Single Family

Last Updated	1/19/2012	Tract	Grand Hampton Ph 5
Year Built	2011	Community	n/a
Garage Spaces	3.0	County	Hillsborough
Total Parking	3	Walk Score ®	6

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with KELSA PROPERTIES,P.A.

(view all details for MLS #T2491885)

MLS # T2495607 in Wesley Chapel, FL 33543

This brand New 4 bed 2 bath ENERGY STAR CERTIFIED home is currently under construction with an expected completion date of DEC 30, 2011. Family and friends can gather in the huge Family Room, making entertaining a delight.Open kitchen with breakfast nook and snack bar for informal meals as well as a Formal Dining Room for special occasions. . Kitchen features Granite Countertops, under mount Stainless Steel Sink and upgraded pull out faucet. Master Bath has "his and her vanity", as well as Garden Tub and Separate Shower. All of this, plus a conservation home site, in a prime cul-de-sac location. Ashton Oaks, in Wesley Chapel, offers the convenience of shopping, area parks,and recreation. Low HOA fee includes use of the community pool; NO CDD fees are required. More home for the preferred monthly payment. Come by and see for yourself.

Property Type(s): Residential / All, Residential / Single Family

Last Updated	1/16/2012	Tract	Ashton Oaks Ph 2
Year Built	2011	Community	n/a
Garage Spaces	2.0	County	Pasco
Total Parking	2	Walk Score ®	2

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with KELSA PROPERTIES,P.A.

(view all details for MLS #T2495607)

Asbel Creek is located on Land O Lakes Blvd just north of Land O Lakes High School, Connerton and Wilderness Lake Preserve.  This is a wonderful community with no CDD fee and low HOA fee.

We're sorry, but we couldn't find MLS # T2476679 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

This helpful video will show you how to check the accuracy of Zestimates for your area. In the Tampa real estate market, Zestimates have a median error of almost 10%. You may be surprised what it is for your real estate market.