Archive for the 'Tampa Neighborhoods' Category

Old Seminole Heights Home Tour

April 2nd, 2008 categories: Tampa Real Estate, Seminole Heights Homes, Tampa Neighborhoods

The first Sunday in April is upon us so it must be time for the 10th annual Old Seminole Heights Home Tour! Sponsored by the Old Seminole Heights Neighborhood association, this is the your chance to get at close up look at a few of the classic bungalows, four-squares, and other arts and crafts style homes of the neighborhood (more info).

Browse Seminole Heights Real Estate

Old Seminole Heights Heights is one of Tampa’s earliest neighborhoods. Developed in the early part of last century, Old Seminole Heights is bounded geographically by The Hillsborough River to the north and west, Hillsborough Avenue to the south, and 22nd street to the east. It also contaisn the area bounded by Hillsborough Avenue to the north, Florida Avenue to the west, I-275 to the east, and MLK Blvd to the south.

Posted by Lenny Gurvich | No Comments »

Market Reports-Seminole Heights Area Zips

March 19th, 2008 categories: Seminole Heights Homes, Short Sale Information, Tampa Neighborhoods

2007 4th Quarter (October-December) Sales Report

33603 (South Seminole Heights, North Riverside Heights, Wellswood, etc)

• Average Sale Price:$ 152.4k
• Price Change from Q4 2006: -16.13%
• Sales Volume Change from Q4 2006 : -45.95%

33604 (North (Old) Seminole Heights, Lowry Park area, Sulphur Springs, etc)

• Average Sale Price:$ 154.9k
• Price Change from Q4 2006: -15.22%
• Sales Volume Change from Q4 2006 : -43.75%

Prices, along with sales volume, continued to drop in both of these zips from late 2006 through late 2007. These areas had a high volume of rehabs and investor flips occurring during the heat of the seller’s market back in 2004-2005. This was pushing prices up quickly and making taking away one of the main draws of the area-affordability. Prices have been and are still correcting in these zips for the most part. Only the best properties in the best locations are holding value.

These zips have many bank-owned properties (relative to others) and there are many sellers trying to short sell their homes to avoid foreclosure. That noted, there are some good buying opportunities currently for those that can stomach the process of waiting for third party approval (short sales).

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Market Reports-Downtown Tampa Area

March 18th, 2008 categories: Tampa Real Estate, Tampa Condos, Channelside Market Updates, Downtown Tampa, Tampa Neighborhoods

In continuing a look a look a 4th quarter sales activity we find:

33602 (Downtown Tampa, Channelside, Channel District, Harbour Island, Ridgewood Park, Tampa Heights)

• Average Sale Price:$ 419.4k
• Price Change from Q4 2006: 41.69%
• Sales Volume Change from Q4 2006 : 271.43%

Impressive numbers indeed. But during the latter part of 2007, many of the condos at the new developments were closing. The bulk of the activity was closings for the newly completed condos at Skypoint, Ventana, The Plaza Harbour Island, The Place at Channelside, Towers of Channelside. There were also some closings for the newest condo conversion on Harbour Island, Harbour Place City Homes. Sprinkle in some resales at Island Walk and Island Place, and some at Parkcrest, and it was a busy 4th quarter indeed for 33602.

But as of today, there are 467 properties listed for sale in the 33602 zip, with the bulk of them (338), condos. With all of the aforementioned projects being completed within months of each other, there is a glut of condos available in this area for Tampa condo buyers.

So downtown area condo buyers have it good right now with so many options available. There are incentives available and rates remain low.

Questions about Tampa condos? Contact us.

Browse Tampa Condos For Sale

Posted by Lenny Gurvich | No Comments »

Market Reports-South Tampa Neighborhoods By Zip

March 17th, 2008 categories: South Tampa, Tampa Market Conditions, South Tampa Neighborhoods

Today I received a report regarding the 4th quarter of 2007 as it relates to Tampa’s residential real estate. In scanning the numbers for some south Tampa zip codes, here’s what I see:

Starting in the north:

33609 (Beach Park, Bon Air, etc)

• Average Sale Price:$447.7k
• Price Change from Q4 2006: 10.68%
• Sales Volume Change : -10.42%

33629 (Culbreath Isles, Sunset Park, Bel Mar Shores, Palma Ceia, Maryland Manor, Virginia Park, Parkland Estates, Golfview, etc.)

• Average Sale Price:$671.8k
• Price Change from Q4 2006: 37.07%
• Sales Volume Change from Q4 2006 : -24.32%

33611 (Anita, Guernsey Estates, Fair Oaks, Bayshore Beautiful Gandy Gardens, Ballast Point etc).

• Average Sale Price:$323.6k
• Price Change from Q4 2006: -8.38%
• Sales Volume Change from Q4 2006 : -54.13%

33616 (Port Tampa area)

• Average Sale Price: $211.3k
• Price Change from Q4 2006: 11.04%
• Sales Volume Change from Q4 2006 : 6.25%

33606 (Hyde Park, Davis Islands)

• Average Sale Price:$ 631.3k
• Price Change from Q4 2006: 24.76%
• Sales Volume Change from Q4 2006 : -47.83%

Some notes:

• Overall, in Hillsborough County, the average price of a home sold in Q4 2007 was up slightly over Q3 2007 (sideline buyers-take note. Will this trend continue?).
• There’s no denying real estate is local. Some south Tampa areas (zips) have seen price increases, even while sales are down. But even that is a generalization. Not all neighborhoods within a particular zip experienced the same results.

Data used is from a report compiled by The Greater Tampa Association of Realtors and the National Association of Realtors.

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South Tampa Neighborhood Focus: Palma Ceia

March 5th, 2008 categories: Tampa Real Estate, Tampa Homes, South Tampa, Tampa Neighborhoods, South Tampa Neighborhoods

Palma Ceia is one of south Tampa’s more desirable locations. It is centrally located on the Interbay Penisula, just east of Dale Mabry Hwy, which bisects the peninsula from north to south. This location puts the neighborhood in excellent proximity to schools, shopping, services, and all of south Tampa’s primary activity cores. It is very close to both Plant High School and the Palma Ceia Golf and Country Club.

Developed beginning in the early decades of last century, Palma Ceia has a mix of older homes as well as many newer homes built in recent years. There are many well preserved and restored bungalows, built in the 1920’s. Mediterranean (Spanish) style homes are also abundant in Palma Ceia. Current home prices in Palma Ceia range from the mid $200’s to $1 million+.

For the south Tampa home buyer that loves the charm of the older and sometimes more architecturally interesting homes (my opinion), Palma Ceia is great neighborhood in which to focus. But at the same time, Palma Ceia also has many newer homes, many built within the last 5 years. There are also some townhomes in Palma Ceia as well, but the predominating property type is single family. The zoning in Palma Ceia is in large part RM, or multi-family. There has been a recent push to re-zone much of Palma Ceia to RS (single-family) to match the predominating nature of the area.

Much of the charm of Palma Ceia comes from the many older homes, as well as the many grand live oaks, and the red brick streets (limited sections) of early last century. The predominating lot size is 50′ x 100′, but there is a section of Palma Ceia with many 100′ x 100′ lots also.

Click on any of the Palma Ceia home photos above for further information.

Browse more Palma Ceia Homes For Sale

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