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Tampa FL Market Trends

May 2018 Market Statistics

Take a look at how many folks bought homes in our market over the past year… 

Tampa Real Estate Market Report - May 2018

Hillsborough County real estate sales statistics for May 2018 show the number of homes sold increased by 2.4%.  The average sales price increased by 3.5% to $281,796. The median sales price increased by 7.3% for the month, and market times remained consistant.

Hillsborough
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
May 2018 2,672 $281,796 $235,000 45
May 2017
2,609 $272,391 $219,000 45





Pasco County real estate sales statistics for May 2018 show the number of homes sold increased by 7.8%.  The average sales price increased by 5.6% to $208,578. The median sales price increased by 2.2% for the month, while market times decreased by 3 days.

Pasco
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
May 2018
1,443 $208,578 $189,000 50
May 2017 1,339 $197,546 $185,000 53





Pinellas County real estate sales statistics for May 2018 show the number of homes sold decreased by 4.8%.  The average sales price increased by 3.3% to $288,332. The median sales price increased by 7.1% for the month, while market times decreased by 2 days.

Pinellas
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
May 2018
2,253 $288,332 $225,000 49
May 2017
2,367 $279,083 $210,000 51





For the latest Tampa FL real estate market conditions, please call me at 813-728-3880 or visit TampaRealtyNow.com.

Pricing Your Home to Sell

When preparing to put your home on the market, there are a lot of things you need to think about.  Deciding if you should make home repairs and improvements, staging your home to impress potential buyers and keeping your lawn and house in prime condition for viewings and prepping to move.  But one of the most important decisions you must make is how to price your home.  Determining the asking price for your home cannot be taken lightly. There needs to be some psychology and strategy used to decide the price that will sell your home in a timely manner and for the most profit.  You and your Realtor should identify and agree upon the approximate value of your property. You can use Comparable Sales of similar properties sold in your neighborhood to help you make this decision.

Next, you need to understand the price range for your list price.  Depending on market conditions, competing properties, time of year or inventory, the price range can fluctuate.  For example, a house with the asking price of $500 K can have a price range of $480 K to $520 K.  Once you have determined your home’s value and have a price range in mind, it’s time to conclude what your asking price will be.  This is where pricing strategies come into play.

  1. Appeal to multiple buyers - It may be tempting to ask for the highest price you think you can possibly get for your home.  But if you price your property on the lower end of the value range, you will likely appeal to more than one buyer and you might even have a bidding war amongst buyers who want your home.  Chances are you will get more than your asking price if this happens.
  2. Utilize psychology when choosing your asking price - Be careful of too many zeros.  For example, it is easier for a buyer to process $250 thousand than it is $250,000 - and $250,000.00 is even worse on the eyes. Buyers feel like they are being asked to pay more when there are more zeroes included in the price. It doesn’t change the actual price, but the perception of the price changes.
  3. Make sure it’s visible in real estate searches - If buyers are looking for three-bedroom homes under $400 K and you have your property priced at $405 K, an automated buyer search for properties under $400 K will exclude your home, meaning you will miss out on a lot of potential buyers.  Experienced Realtors will set up search parameters for buyers that include properties listed a little bit more above their price ceiling.  Keeping in mind that home prices are flexible, buyers could find the perfect match on a home above their limit, but with the possibility that it is in within a reasonable range of price or that it will be reduced.
  4. Have a price contingency plan before listing your home - You may have very high expectations regarding the worth and appeal of your home. If you insist on asking top dollar for it, you may get lucky (depending on the current market) and get it, or you may not get any full price offers at all. In that case, it’s important to have a contingency plan lined up before you list your home. That way, if you must lower your asking price, you will already be prepared for it and it won’t catch you off guard.
  5. Be flexible -  Setting an initial asking price is just the beginning of your home selling process.  A lot of different factors may come into play when selling your house, and you won’t be able to anticipate all of them.  Being flexible will allow you to react quickly to changing Market Conditions or new information and you will be more likely to get the best price for your home.

If you decide you are ready to sell your home, contact the real estate professionals, Linda & Craig Nowicke at Tampa Realty Now and let them assist you in getting your house on the market and sold for the best possible price!  Call them today at 813-675-5030 or 813-728-3880.

Planning an Awesome Staycation!

Ahh!  Summer vacation! The kids are out of school and it’s time to get away and have some fun.  Whether your vacation is about relaxation or adventure (or a little of both), it is something we all look forward to. But sometimes circumstances make travel impossible.  Maybe it’s cost prohibitive, or perhaps some family members can’t get a whole week off work.  Don’t despair! You are lucky to LIVE in a popular travel destination. That means you can take advantage of all the local attractions and plan a wonderful staycation.  You get all the perks of a summer getaway while still getting to sleep in the comfort of your own bed each night. And it’s a great way to rest and rejuvenate without breaking the bank!  Here are some tips for planning the staycation of your dreams:

  1. PLAN AHEAD - Do NOT attempt to “wing it” on your staycation.  I repeat - do NOT attempt to “wing it” on your staycation.  If you wake up each morning without an idea of what you’re going to do that day, you will waste precious time trying to make decisions.  Create a schedule for the week and stick to it as much as possible.  That doesn’t mean you can’t be flexible and change your mind during the week, but having a general plan will allow you to budget your time and get you moving each day.
  2. CREATE A BUDGET - You not only want to budget your time, but your money as well.  Just like when you vacation out of town, you should have an idea of how much you want to spend on your staycation.  It doesn’t have to be strict.  But make sure you consider the cost of tickets to events and attractions and meals so that you aren’t overwhelmed by unexpected costs.
  3. BE A TOURIST IN YOUR OWN TOWN - Sometimes when you live somewhere, you tend to not take advantage of the local attractions.  A staycation is the perfect opportunity to see what you’ve been missing! Explore your city as if you were a tourist visiting for the first time.  Eat at restaurants that are new to you, visit museums you have never seen before and check out a calendar of events for your area to find out what special events are going on that week. Tampa Attractions
  4. REST, RELAX & REJUVENATE - Whether you kick back with a good book and a cold drink, or you take a nap in the middle of the day, make sure you have a day to just “chill”.  If you have young children, plan for them to attend a day camp of some kind so that the adults in the family can treat yourselves to a spa day.  If you are on the go every single day of your Staycation, you will end up more tired than you were when you started!  So, give yourself the gift of relaxation! Yellow Bird Studio Art Classes   10 Best Day Spas in Tampa

Staycation Ideas:

-          Take a hike and enjoy a picnic. Great Places to Hike in Tampa Bay

-          Explore your city. Visit free museums, bookstores, historic sites, and touristy places you’ve never been.

-          Camp out in your own backyard. Put up a tent, have a water balloon battle, light the fire pit and make s’mores, tell ghost stories.

-          Have a movie night at home. Find a movie everyone will enjoy. Create a “concession stand” with popcorn, candy and drinks.  Make it comfy with lots of pillows and blankets. Turn down the lights and enjoy a home theater experience!

-          Plan a game night.  Pull out your board games (or maybe purchase a couple of new ones) and invite some friends and family over for a rollicking game night.

-          Have a beach day.  Make sure to check what the weather will be like during your staycation week and plan your beach day accordingly.  Pack snacks and toys and enjoy a day with no time schedule.  Make sure you use sunscreen!

-          Go to a ball game! Tampa Bay Rays Schedule

If you’re still not sold on the idea of a staycation, think about these perks:

  • You will save money!  No airfare, hotel or rental car costs.
  • You will save time! No wasted travel day at the beginning and end of your vacation time.
  • You will save energy! Travel can be exhausting.
  • No cancellations! Nothing ruins a vacation faster than an airline cancelling your flight. You are in total control of your staycation.  Bad weather? Who cares? You can easily adjust your plans and you won’t miss out on a thing!
  • Restful sleep in your own bed!  Enough said!

The key to enjoying your staycation is to deviate from your normal routine as much as possible.  No laundry, yard work or house cleaning.  Just relax and enjoy!!

If you decide you are ready to sell your home, contact the real estate professionals, Linda & Craig Nowicke at Tampa Realty Now and let them assist you in getting your house on the market and sold for the best possible price!  Call them today at 813-675-5030 or 813-728-3880.

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Contact Information

Photo of Linda and Craig Nowicke Real Estate
Linda and Craig Nowicke
RE/MAX ACR Elite Group
14823 N. Dale Mabry
Tampa FL 33618
Linda: 813-728-3880
Craig: 813-675-5030
Fax: 813-413-4343

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