Tampa Real Estate News and Market Reports
A client sent me a property to review earlier today and in the brief time that I researched its background I learned that:
The property is listed as a short sale.
The property is listed at $129,900.
Last sale was June of 2006 for $302,000.
There was a $302,000 mortgage recorded at the time of purchase (8.8% ADJ).
Now that’s [...]
2007 4th Quarter (October-December) Sales Report
33603 (South Seminole Heights, North Riverside Heights, Wellswood, etc)
Average Sale Price:$ 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 [...]
For most folks, a monthly mortgage payment is made up of 4 components:
Principal on the loan.
Interest on the loan
Taxes (property)
Insurance (hazard, flood, etc)
Those 4 components are commonly referred to as PITI. I commonly run in to folks who are grossly underestimating their monthly nut on a specific loan amount.
There’s no better way to get an [...]
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 [...]
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 [...]
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