Tampa Exclusive Real Estate News & Info - Tampa Real Estate

Inventory Levels Reach Pre-Pandemic Levels

This graph shows the months of inventory for single family homes in Hillsborough County. As you can see in the month of June we went from a little more than 1 month of inventory to a little over 4 months of inventory. We believe interest rate increases are starting to have their effect on buyer demand, as many potential home owners are getting priced out of the market, or waiting on the sidelines. 4 months of inventory is still considers a sellers market, but it is getting close to a neutral market. At the moment we don't anticipate prices dropping, but there is now more homes for buyers to choose from, and pricing correctly will become more valuable. 4 months is also about where the market was pre-pandemic. We are anticipating the months supply to…

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Why People Are Moving To Tampa Bay

Florida has long been a popular migration destination due to the weather, lifestyles, and the fact there is no state income tax, but demand has increased the last couple years. What's changed? In a word...COVID.

Work From Home

Covid has changed the workplace dynamic. It had long been thought that productivity would fall if employees were not in the office. That did not happen during Covid, and thus spawned the work from home movement. No that covid is more in the rear view mirror, many companies have adopted new office policies. Either a hybrid model, where employees are only required to come to the office a couple days a week, or allowing employees to work completely from home. This freedom has enabled employees to rethink where they live, and not…

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Tampa Real Estate Market Update May 2022

Microscopic record low levels of inventory continue across much of Florida, and Hillsborough county is no exception. Average days on market are at or near a record low, meaning buyers don't have much time to view or put in an offer, and depending on price point many homes are gathering multiple offers. Inventory levels are below 1 month of supply, and demand continues to outpace supply. We are anticipating interest rates to continue to rise, as the Fed tries to control inflation and slow down housing demand. This increase may have an effect on buyer demand in the months to come, but until the supply and demand equilibrium changes, we expect home prices to continue to rise in the Tampa Bay Region.

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Most Exclusive Golf Clubs In Tampa

As membership options and timelines are always changing, we would encourage you to reach out to each club for precise details.

Palma Ceia Golf and Country Club

Opened in 1916, Palma Ceia Golf & Country Club is one of the older and most exclusive golf courses in Tampa. Donald Ross designed, and is a little shorter and tighter than most of the modern-day courses. There are golf and social memberships, with a rumored waitlist of multiple years for either membership level.

Old Memorial Golf Club

Conceptualized by Outback founders, Chris Sullivan, Bob Basham and Bob Merritt in 1994. Steve Smyers designed, Old Memorial membership is by invitation only. Caddies play an important role in the experience, and as such, Old Memorial boasts one of the…

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We are excited about these Tampa development districts

Water Street:

Water Street is a new mixed use development district in Downtown Tampa. Retail, hotels, condominiums, and apartments are all designed around wellness. Water Street is the first neighborhood in the world to achieve WELL precertification. A WELL community promotes health and well-being across all aspects of community life. Walkability, sustainability, technology, and connectivity are all cornerstones of this 21st century urban district.

Why we are excited:

Water Street bridges the gap between the west side and east side of Downtown Tampa. The design and development brings a sophisticated, contemporary urban environment that the city had been lacking previously. In addition, it brings with it fine dinning, boutique shopping, and…

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Luxury Broker Associates, Bustin Vanderson Group, Join Engel & Völkers

Engel & Völkers Madeira Beach welcomes two luxury real estate broker associates.

Engel & Völkers, ranked the number one Top Workplaces 2020 by the Tampa Bay Times, welcome two broker associates to their global luxury brokerage that services communities by helping people buy, sell and invest in real estate. Engel & Völkers Madeira Beach welcomes Jeramiah Bustin and Shane Vanderson with the Bustin Vanderson Group.

The Bustin Vanderson Group is committed to providing a concierge level of real estate service to the Tampa community. With over twenty-five years of combined real estate experience, Bustin Vanderson Group is one of Tampa Bay’s most respected real estate teams. Mr. Bustin, a third-generation South Tampa native, offers a unique insight into…

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Information is good…miss-information is bad

Thanks to the internet, one of the biggest changes in Real Estate over the last 15 years has been in the access to information for Buyers and Sellers. While, easy access to information has solved some problems, such as, not having to rely on Agents searching for you, making searching faster, easier, and in the convenience of your own home. It has created a whole other set of problems that REALTORS have to combat, such as misinformation, information overload, and misinterpretation of information. A major part of why the FSBO’s percentage is at all-time historic lows and part of the reason why agents are needed more than ever to decipher and guide Buyers and Sellers through what they need to know and what they need to remove from their cranium.

Here are…

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Another Way To Interpret Sold, Pending, Active and Expired Listings

Sold:

These are the comparable properties that matter when it comes to appraisals.

Pending:

These properties indicate where pricing is potentially trending in the market. After all, closing that were negotiated and closed months ago, could have done so in a different market environment. And no, the listing agent will not tell us what the contract price is for, if they did they are doing a huge disservice to their client as the deal could fall through and then potential buyers could know what the Seller is willing to accept creating an advantageous negotiating position for them and a REALTOR failing to follow their duty of confidentiality.

Active:

This is the Seller’s competition and what potential buyers will be comparing your property and…

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Why Do Custom Contemporary/Modern Homes Often Command A Premium Price Per SQ/FT?

First, there is a difference between modern and contemporary architecture. While there are often design elements found in one another styles, for the purpose of this article I’m going to mash the two together as often is done by others.

Supply and Demand:

As always, one of the biggest factors in market value comes down to supply and demand. Every area is different, but here in Tampa Florida, we simply do not have many high-end contemporary homes on the market. Supply is low, and demand continues to grow for these special properties. When demand is higher than supply, prices will usually be higher.

Craftsmanship and quality:

As with every builder and architect, craftsmanship and quality will differ, but in general contemporary homes should be…

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