Florida Reports More Sales and Higher Prices in September

The reports for September from both the Association of Florida Realtors® and the National Association of Realtors® are out and the news is good. This means not only are housing statistics improving from a national perspective, but also for Florida. 

Florida Realtors® reports more closed sales, higher median prices, increased new listings and a rise in inventory in September. Check out these Florida Statistics for September 2014:

• Closed sales of single-family homes statewide totaled 20,792, up 13.5% over September 2013.
• Inventory was at a 5.4-months' supply for single-family homes and at a 5.8-months' supply for townhouse-condo properties.
• Statewide median sales prices in September rose year-over-year for both single-family homes and townhouse-condo properties.
• Florida's townhouse-condo market, statewide closed sales totaled 8,622 last month, up 2 percent compared to September 2013.
• Statewide median sales price for single-family existing homes rose to $180,000, a 5.9% increase year-over-year.
• The statewide median price for townhouse-condo properties was $142,700, up 9.8% over the year-ago figure.
• Short sales for condo-townhouse properties declined 57.9% while short sales for single-family homes dropped 48%.

The National Assocation of Realtors®  is reporting that Pending Homes Sales are steady for September 2014. Click here for a link to the full report.

To see the full Florida statewide housing activity reports, visit the research page of Florida Realtors website.

Take the "Spooky" Out of the Mortgage Process!

# 1 Reason You Should Sell Now

The price of any item (including residential real estate) is determined by ‘supply and demand’.  If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease.

According to the National Association of Realtors (NAR), historically there is a natural decline in buyers looking to purchase a home (also known as foot traffic) as the winter months approach. Shown in the graph below:

NAR goes a step further to say that there is a direct correlation between “foot traffic” and “pending contracts/closed sales one to two months later”.

Bottom Line

The real estate market has done well to recover from the slow start we experienced due in part to the inclement weather at the beginning of 2014.  But with those winter months right around the corner, now may be the best time to get the best price.

Content provided by keepingcurrentmatters.com

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Just Listed! 513 W 127th Ave Tampa, FL 33612

Schedule a Showing/Request Info Tampa Homes For Sale Search All Homes for Sale New Construction Homes for Sale Homes Close to Where You Work Avoid Foreclosure What is Your Home Worth? Susan Smither Berkshire Hathaway HomeServices Florida Properties Group 813-230-5804 Questions? Schedule a Showing! Licensed In: FL Information valid for the date of this posting only. Please contact us for the most current information and status of this property.

513 W 127TH AVENUE TAMPA, FL Just Listed    Description Photos Maps & Local Schools   View the Property Details, More Photos, Map & School information here at the updated Virtual Tour!   Come see this inviting and well maintained home in the desirable Forest Hills area. Your home is located ½ mile from Babe Zaharias golf course in a quiet neighborhood with majestic oak trees and sidewalks. One of the first things you’ll notice is the gorgeous paver driveway. You’ll find that pavers and stonework complement this attractive home from front to back. Enjoy your remodeled kitchen with eat-in space, wood cabinets, granite countertops and Kohler fixtures. Nearby is a huge family/dining room area with a wood burning fireplace great for those chilly evenings! Your amazing 600 sq.ft. master suite has an oversized bedroom, large closet and a luxurious master bath. Your master bath includes a whirlpool Pearl tub with in-line heater, Kohler fixtures, skylight, imported tile, walk-in shower with built-in bench and separate water closet. Upgrades like dimensional shingles, newer windows, extra attic insulation, separate A/C and hot water heater for the master suite, solar tube in hall bath, newer high efficiency main A/C, new hot water heater, vinyl and aluminum soffit and fascia, 25 year exterior paint and upgraded plumbing and electric in kitchen and master suite make this home special. Sip your morning coffee in the screened lanai or on the open wood deck and enjoy the peaceful, private back yard filled with beauty & wildlife. Don’t miss the wonderful 12x13 workshop with cabinets, benches and storage! This central Tampa location has easy access to interstate & other amenities with no HOA or CDD fees. L2L

Don’t Wait! Move Up to the Home You Always Wanted

October 13 2014

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%.

However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease.

Here is a chart detailing this point:

Content provided by Keeping Current Matters: http://goo.gl/GTgCYF

Finding A Community That Is Right For Your Family

When you think about buying a home do you consider the community? Many times when a buyer contacts me about a home, they are primarily interested in price. What are you looking for in a community? Good schools? Great night life? Parks and recreational activities?

It is amazing what you can find out about a community now online. If you have an area in mind but don't know what is available in the community or don't know how to find out, please contact me at 813-230-5804 or smithersells@yahoo.com, with the community name and/zip code and I will be happy to send you a report with links to schools and community information to help you in your search for the perfect community to call home!

Have You Outgrown Your Home?

Is space getting a little tight at home? Thinking of getting a larger place? 

I can help! 

If you are ready to explore your options, please call me at 813-230-5804 

or email me at smithersells@yahoo.com to schedule a consultation today.