Tag Archive for: florida real estate trends

Simply Stunning Seminole Home!

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(Your First Mortgage)

Clean lines and loads of living space put this updated home in a class by itself. Newer hurricane windows, attic insulation, and a replaced roof enhance protection from the famous Florida sun. Sleek, seamless gutters added in 2016 slick rain away from this home that boasts a fenced back yard and a two car garage. Behind raised-panel double entrance doors, more updates await including the water heater in 2013, laminate flooring in the second and third bedrooms in 2015, and some newer kitchen appliances. A split bedroom floor plan, the ideal layout to accommodate family and guests, includes 3 Bedrooms and 2 immaculate, well-appointed full baths. Besides the extra square footage provided by the formal living room highlighted by a stunning picture window, and the formal dining room’s sliders to the huge screened lanai; the large kitchen is especially welcoming and sunny featuring tons of counter space, a breakfast nook area, and breakfast bar for casual dining. Beautifully maintained, this heart of the household enjoys a gentle breeze from its ceiling fan and illumination from artfully-placed lighting fixtures. The adjacent family room adds to the warm feeling that lends itself to relaxing Sundays or a house bursting with loved ones on holidays. A set of classic French doors lead to the office which can serve as your work from home destination or even a playroom for the little ones. An oversized laundry room allows storage of supplies and a door that conceals it all.  This is a home for a family to live.

Trinity – Fox Hollow Golf Course Home!

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(Your First Mortgage)
With its sun-dappled yard and impeccable landscaping, this 4 bedroom plus office/den home features 3.5 stunning baths and a 3-car oversized garage. Nestled on an oversized corner lot on the 6th tee of the acclaimed Fox Hollow Golf Course, this Trinity residence enjoys its privacy in the gated community of Spyglass of Fox Hollow. Outside, exquisite pavers lead to a graceful portico with double entrance doors, while the same style pavers accent the screened lanai that boasts a solar-heated pool with Diamond Brite finish, a shaded dining area and the quintessential wet bar already pre-plumbed for grill and sink. Paradise. Inside, gleaming 20 x 20 tile runs through as lush carpeting cushions the bedroom floors and classic plantation shutters adorn the windows. The formal living room is spectacular. Decorative niches & crown molding highlight the room’s beautifully outfitted fireplace and triple sliders reveal sweeping views of the outdoors. A spacious Formal Dining Room offsets the casual dining space provided by the gourmet kitchen’s charming breakfast nook. Both the kitchen and the family room combine to deliver the “wow” factor and access to the pool. The kitchen is expansive with its center island, lustrous granite counters, raised panel hardwood cabinets, stainless steel appliances, pantry, and built-in wine fridge. It is separated from the ideal family room by a breakfast bar. A split bedroom floor plan, security system, & upgraded ceiling fans/light fixtures throughout complete this very pretty picture.

Florida Real Estate Trends in January 2014

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florida real estate for saleIf you’re in the market for good news, this month’s trend report for the West Central Florida region offers exactly that! Three key indicators have revealed movement in a very positive direction.

One aspect (always of particular interest) is the actual supply – how many homes are available for sale.

Each of the three counties (Pinellas, Pasco, and Hillsborough) are showing increases. When January of 2013 is compared to January of 2014, the increase is actually almost a full month for each county.

While you may think too much inventory is not a good thing, in this case it is a vote for consumer confidence. These numbers tell us that many homeowners who were once in a negative equity position have since escaped that position. The stabilization in their home’s equity has resulted in their decision to enter the market as an active listing.

Besides inventory increases, sales have increased in both Pinellas and Hillsborough Counties:

In Pinellas County: 5,448 Single Family Home sales closed in the past six months; an increase over the 5,323 closed last year.

In Hillsborough County: 7,611 Single Family Home sales closed in the past six months; an increase from the same period last year by 430 homes.

We can also report that Short Sales and REOs remain a key component of our market. A Short Sale is a type of real estate transaction in which a homeowner who is experiencing a hardship and in danger of losing their home enters into an agreement with their lender to accept less than what is owed on the house.

An REO (Real estate owned) is a class of property owned by a lender—typically a bank or government agency as a result of an unsuccessful sale at a foreclosure auction. We are seeing an increase of REOs in the market as compared with this time last year, and a reduction in Short Sales.

These facts reveal a good deal of consistent optimism in a market sometimes characterized by divergent trends. If you have any questions about your county, or even the specifics of values, etc. in your neighborhood, feel free to contact me for a complimentary analysis.