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Tampa FL Market Trends

August 2017 Market Statistics

Elizabeth Banks and Realtor.com explain the home buying process.

Take a look at how many folks bought homes in our market last month… 

Tampa Real Estate Market Report - August 2017

Hillsborough County real estate sales statistics for August 2017 show the number of homes sold increased by 8.5%.  The average sales price increased by 3.6% to $260,657. The median sales price increased by 4.8% for the month, and market times decreased by 10 days.

Hillsborough
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
August 2017 2,488 $260,657 $220,000 47
August 2016
2,293 $251,539 $209,900 57





Pasco County real estate sales statistics for August 2017 show the number of homes sold decreased by 1.1%.  The average sales price increased by 15.0% to $206,140. The median sales price increased by 11.2% for the month, while market times decreased by 17 days.

Pasco
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
August 2017
1,179 $206,140 $189,000 50
August 2016 1,192 $181,872 $170,000 67





Pinellas County real estate sales statistics for August 2017 show the number of homes sold decreased by 3.0%.  The average sales price increased by 11.1% to $270,102. The median sales price increased by 12.3% for the month, while market times decreased by 16 days.

Pinellas
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
August 2017
2,014 $270,102 $210,000 57
August 2016
2,077 $243,195 $187,001 73





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

Preparing for an Emergency or Natural Disaster

Nobody enjoys thinking about the possibility of a family emergency or natural disaster, but taking steps to prepare for those possibilities should be a priority.   While not lessening the shock and anguish of an unexpected, tragic situation, being prepared will help you to get your life back in order faster and easier.

One thing to consider is having important paper work organized in an emergency binder.  The binder should contain all the important information about your life.  Think about any paperwork or vital information you would need access to in an emergency, such as:

  • Vital Records

-          copies of birth certificates, adoption records

-          copies of marriage licenses, driver’s licenses and passports

-          copies of all property and auto records – deeds, leases, titles, etc.

-          copies of all property/umbrella insurance policies

-          a list of where off-site and original documents are stored

  • Financial Information

-          list of all bank account numbers

-          copies of front and back of all credit cards

-          list of all investment account numbers

-          list of all retirement/pension account numbers

-          detailed information about current income/benefits

-          detailed information about mortgages/loans

  • Medical Information

-          copies of health/life/disability insurance cards and policies

-          medical history for each family member

-          list of medications and prescriptions, including dose and pharmacy

-          details about any ongoing medical conditions/treatments

  • Contact Information

-          friends and family to reach in case of emergency

-          neighbors who have access to your house

-          financial institutions, insurance companies, legal advisors

-          physicians, specialists, hospitals and other healthcare providers

-          employers and benefit administrators

-          including a family emergency plan in your binder will help you to keep yourself calm and organized during what may be a stressful time

 

Make sure that your emergency binder is kept in a place where it is easy to get to and that it is easy to carry and that family members are aware of its location.

Secondly, it is a good idea to have a safety deposit box or lock box in which to store your original documents.  This can also be used for storing important computer files and passwords, priceless family photos and valuable jewelry and memorabilia. Include a photo of each member of your family along with fingerprints and dental records.  A home inventory list is also a useful item to have in storage.  Remember that most of the documents in your “Emergency Binder” will be copies.  Originals should be placed in a safety deposit box or lock box for safekeeping.

Whether it’s a family emergency or a natural disaster, tragic events almost always leave people feeling blindsided.  Preparing in advance will help ease the feelings of being overwhelmed and panicked as you put your life back in order.  So, set aside a day to put together your emergency binder to help protect your family now!

 

Additional helpful links

Assessing Your Real Estate Insurance Coverage

Organizing Your Home Made Simple

Deal Breakers for Home Buyers

When trying to sell your house, you want to make the best possible impression on potential buyers.  While some buyers will say that they knew a house was right for them the minute they walked in the door, other buyers will tell you they knew immediately that a house was NOT right for them. Sometimes deal-breakers are personal, but often they apply to many and can damage your chances of a profitable sale (or any sale at all).  Avoid these deal-breakers to get the best deal when you sell:

  • Pests - It seems obvious that people would be turned off by seeing bugs in a home, right?  But sometimes homeowners get used to having “bug problems” and don’t think about how they might negatively influence buyers.  Seeing one or two bugs, like maybe a fly or random little spider, might not be that big of a deal. But if a roach crawls out while people are looking at your house? Forget it.  They are out of there!  If you have any kind of infestation, you need to nip it in the bud before you start showing your house.
  • Pets - Just because you love your pets and consider your home very “pet friendly” does not mean other people feel the same way.  There are a myriad of reasons why having pets can hurt your home sale.  Sometimes it’s simply that animals make people nervous.  Taking your pets out of the home during showings can solve that problem.  But other things, such as visible food bowls, kitty litter boxes etc. can turn off people who don’t live with animals.  And any kind of pet odors can do a lot of damage as well.  It is a good idea to make sure your house is free of any pet paraphernalia and pet odors before opening it up to buyers.
  • Small/Outdated Kitchens - Big, open kitchens are one of the most desirable features for homebuyers.  If you have a cramped, closed off kitchen, updating it before you put it on the market will be well worth it.  Not only will you be able to sell it faster, you will get a better price for it and odds are you will likely recoup the money you spent sprucing it up and then some.
  • Cheap Upgrades - Poor quality shows.  While you don’t want to spend a ton of money on a house that you are leaving, you also don’t want to hurt your chances of selling it by making cheap upgrades and repairs that are poorly done.  Unless someone is looking for a “fixer upper”, they are going to lose interest quickly if they see a lot of shoddy upgrades.
  • The Roof - A roof in bad condition will scare away potential buyers quickly.  The idea of buying a house and immediately having to foot the bill for a new roof is not appealing.  If your roof is old or in need of repair/replacement, take care of it before putting your house on the market.  Otherwise, expect to have to lower your asking price.  A new roof will not only improve resale value, it will also boost curb appeal, both of which will increase your chances of selling and getting the best price possible!

 

Steps to Take Before Selling Your Home

These Are a Few of Your (Not) Favorite Things, or Thanks You Should Get Rid of Before You Move

How to Stage Your Home Without Breaking the Bank

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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: 813-961-6016

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