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If you're looking for tampa real estate,
property, homes, or houses for sale in tampa, then you've come to the
right place. New homes, construction, and preconstruction tampa houses
for sale can be found by emailing us your details and a description of
what you're looking for, and we'll get back to you with a list of homes
to choose from. To find a realtor, sometimes called a realator, just email us and we'll put you in touch
with Eric Frantz of Peoples Choice Realty. As of
Q! of 2006, our realty office sold more real estate
in tampa fl, including condos, town homes and town
houses than any other real estate office in Tampa. Vitist
For lutz real estate, lutz property, lutz florida real estate, lutz homes,
or homes for sale in lutz
florida you can visit our specialized site at
Another area we cover is just south of Lutz in
Carrollwood. Here carrollwood real estate, property,
and homes have been selling quite well due to the close
proximity to Tampa and great community features. Homes for sale in carrollwood florida along with new homes and construction in can be found
by contacting us or using the search tool above. just let us know what
type of property you're
looking for. We are also carrollwood realtors as well selling
homes and real estate through our carrollwood realty office.
Eric Frantz on the Tampa Real Estate Market
2007-01-30 - Turning to property tax reform, Gov. Charlie Crist has
proposed a constitutional amendment that would cut property taxes by as
much as $4.7 billion a year and urged legislators to put it on the
ballot in a special election.
Click Here for details
2007-01-31 Hopefully when you sell your Tampa investment property
you have a gain to report. If your worried about the tax costs of
selling an investment home, check this link out. It's from H&R
Block and it's the best one I've found so far...AMT
Tax Estimator this is only an estimate of course, but it's
2007-02-12 Pending home sales are higher, affirming the
stabilization that is occurring in home sales, according to the National
Association of Realtors® (NAR). The Pending Home Sales Index,
based on contracts signed in December, rose 4.9 percent to an index of
112.4 from an upwardly revised level of 107.2 in November, but is 4.4
percent lower than December 2005. The monthly gain was the biggest
increase since March 2004 when the index rose 6.9 percent. A steady
narrowing from year-ago readings has been observed since last July when
the level of unsold housing inventory peaked at an all-time high.
My opinion is that we have room to go. There are still a hidden
level of homes about to go into foreclosure and a high level of vacant
homes on the market. We could possibly be in the midst of a false
2007-02-21 And another blow to our insurance choices... The
Hartford Insurance Group notified state regulators that it plans to cut
its commercial and residential property insurance business in Florida in
the next 18 months, including about 24 percent of its commercial
coverage. Two other insurers, Tower Hill Insurance Group and American
Strategic Insurance, also plan to pare back.
2007-03-01 In the past 2 weeks our team has seen a slight increase in the number of calls and showing on our listings. This increased activity may be attributed to the seasonality of the market. In the Tampa real estate market we still have a high number of homes for sale on the market, but have seen a leveling in the number of new listings. When selling a home in this market, it is best to make your home attractive from the beginning of your listing. Examples of this are removing clutter, weeding and putting new mulch down in flower beds, along with touching up dirty or chipped walls. If you have pets, it's also recommended to have the carpet cleaned to remove any pet odors. For more ideas to help prepare your home for sale, see our No Hassle Sellers Package.
2007-03-27 The spring "pop" appears to be over and buyer interest
has seemed to taper off in March. In the Tampa real estate market
it's been quite difficult lately to get a home sold. Because of
this seller's need to do everything they can to make their home look
like the best one in their price range. Some easy things to do are
paint, carpet cleaning and removing clutter. Follow this link for
to help Sell your Tampa Home. Sorry to be the bearer of bad
news on the Tampa real estate market, but I think it's best that my
clients know all they can when it comes to buying and selling their
2007-04-10 Enough doom & gloom for a minute, let's talk
about something positive in the Tampa Real Estate market...Buyers!
If you're a buyer right now in Tampa, the ball is definitely in your
court. When buyers do decide it's time to buy a home they need to
play it strategically. I would advise buyers the the Tampa market
to find up to 3 homes they really like and start making offers and see
who bites. you really need to find the seller that needs to sell.
If you can do this, you will get the good deal right now.
2007-07-07 It's been awhile since I've made an entry
here, and the reason is it's been pretty down in the Tampa Real Estate
market. We've seen a leveling along with a 6 month low on the
inventory number and we've been pretty steady on sales. I don't
like to predict the future but we may be forming a bottom in Tampa
residential real estate, but i can't tell. This doesn't mean I expect a return to
the boom we had in previous years, we may just return to the average 5%
growth that we were used to before the Florida real estate boom.
Even that may not come till January or later next year.
2007-08-02 July data is in. For the month of July
the total number of single family homes listed in Hillsborough county
held steady at 20386 up only 45. The number of sales are down to
1155 compared to 1607 a year ago, a drop of 28%. This brings our
inventory number up to 17.7 months. As far as Tampa Real Estate
goes, it's still a buyers market and price is king.
2007-09-01 The Tampa home market is still weak, with
sales in hillsborough county down 10% from last month and down 34% from
last year. One area that's showing minute support is the
Lutz Real Estate market.
Sales there are up 12% for SFR although that's only 4 more than the 32
sold last month. But the number of listings compared to last year
is only 14% more. This could be a sign of stability coming back,
lets hope so.
2008-01-01 Here are
the latest statistics...Lutz
active SFR (single family homes) listings are up 22% over last year,
sales are down 25% from last year (down 60% from 2 years ago) and our
inventory level is 17.6 months. Inventory is the number of months
needed to sell all the homes listed if no new listings we added to the
supply. For the entire county which included Tampa, sales of SFR are
down 51% from last year (down 64% from 2 years ago) and the inventory
level is 24.8 months. Blood is in the streets.
As a seller it's going to be a rough road for awhile. If you do
have to sell your home, i recommend my clients to be the best price in
the neighborhood, regardless of options. It's better to be the
lowest price right from the start, than to chase the prices as they go
down. On the positive side, if you're a buyer, things look good.
There are many bank owned and foreclosure properties just waiting to be
sold. If you need help with short sales, or dealing with a bank
give my team a call.
As we make our way through spring I'm starting to see some support in
the "median" priced home market from $130-160k. We are also
getting close the point where rents are going to equal a house payment
in this range. We won't see investors come in at this point but we
will see renters make the switch. As for price, there still way
too many homes on the market for price to start going up. Price
may not go up for some time, it may even still have 10% to the downside,
but we are getting some support which is positive, however small.
As we move into the middle of summer I'm starting to feel that we're
gaining some support in the Tampa real estate market. Although the
number of sale are still down,
we are seeing the number of active listings down as well. This lowers
our inventory number down to 14 months for the Lutz area and 20.9
months for the whole county. (Inventory
is the number of months it would take to sell the remaining active homes
at the current sales level if no new listings came to market)
This may sound high but it's
down from a high of 31 and 34 respectively from the month of March.
Next month's sales numbers were low last year which looks like an easy
target to beat. We'll see. On the
buyers side, I'm seeing banks come in and price their foreclosures at
levels that are irresistible to first time buyers in the $130-180k
range. This is the range where renters will make the jump to a home
purchase. Down 30-40% these homes were previously unattainable to the
first time buyer and that was when the bubble burst here in Tampa. In
this range of home pricing I've actually started to see bidding
competition between buyers. This support at this level if it holds will
start to firm up the market of the higher priced homes as the price
spread compresses. Let's hope I'm right, if I'm not then I'm just early
on my call.
One month doesn't make a trend but wow, Lutz sales are up 59% over last
year, and the number of homes actively listed are down 10% over last
year. This brings our inventory way down to 12 months from a high
of 31 months in March 08. For Hillsborough county which includes
Tampa and Lutz as well, sales are still down at -14% from last year, but
the inventory has gone down 1 month from July to 19.9 months.
Although the sales are down we are quite happy to see a declining
inventory. Let's hope this is a trend and it continues.
One more month of increasing year over year sales numbers for the
Hillsborough county (Tampa Area). Starting October 2008 our year
over year monthly sales we up 37%, -9%, +5%, +27%, +28%, +17%, and +3%
for this month. I believe the Tampa area was early to the party with
respect to the bubble bursting and may be first on the road to
stabilization. We have reached a point where prices have made
monthly payments affordable again. Another measure to watch is the
year over year inventory numbers. This has been going down since
July of 2008 and down another 16% this month. Decreasing numbers
of homes on the market and the number of sales going up is exactly what
this area needs. Although houses prices have come down, they will
stabilize if this trend continues, it's just a matter of time.
One more month of increasing year over year sales numbers for both
Hillsborough and Lutz up 5% and 14% respectively. Along with this,
the number of active listings has gone down year over year by 18% and
30% respectively. In the field we've seen an increase in buyer
activity and sign calls along with an increase in pending home sales as
well. Foreclosure prices have come down to the point that home buyers
and investors are starting to pick them up.
We are continuing the increasing year over year sales numbers for both
Hillsborough and Lutz up 36% and 51% respectively. The number of active listings has gone down year over year by
36% respectively. Some may attribute this to summer demand but we
are continuing to use year over year comparisons in our numbers.
Although these sound like huge numbers they are still short of our highs
in June 2006.
The number of active listings for Hillsborough county, which covers the
Tampa area is now down to 13542, this is well off the high of 21089 from
Nov of 2007. This is a huge decrease in the active listings and
brings the inventory down to 11.3 months. Year over year active
listings are down 25% from December of 2008. Sales for December
were 1194, up from the low of 599 in March of 2008. This is an 18%
increase in sales over December 2008. In the field we're seeing
the best deals getting bought up quickly. I've personally been
involved in quite a few bidding situations where homes have sold for
above the list price. We hope this quick report helps with your
evaluation of the real estate market in the Tampa area. If you
have any questions, feel free to call me at the number below. If
you'd like to search the Tampa real estate market on your own, go to
www.eric3.com and click "Tampa Real
Estate Search" of click here
These are the organizations that have
really helped out The Eric Frantz Team
regarding new homes and real estate in Northern Virginia and Maryland,
serving the Washington DC Metro Area.
- The Real Estate Webmaster have
been a huge help in getting The Eric Frantz Team noticed on the
Lean about the new FHA Loan Limits and FHA Refinance options at the FHA Mortgage Center.Com
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