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Fla. home sale prices up 11.4% year-to-year in Dec.

January 24, 2014

ORLANDO, Fla. – Jan. 23, 2014 – Florida’s housing market reported higher median prices, more new listings, fewer days on the market and the continued stabilization of inventory in December, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 19,497 last month, up 8.6 percent over the December 2012 figure.

“Florida’s housing market continues to demonstrate its recovery,” says 2014 Florida Realtors President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and the Villages. “December marked over two years – 25 months – of consecutive gains in statewide median sales prices, year-over-year, for both single-family homes and for townhouse-condo properties. The rising prices, along with the renewed strength of the state’s housing market, are encouraging more homeowners to list their properties for sale. Statewide, new listings for single-family homes increased 23.8 percent in December, while new townhome-condo listings rose 8.1 percent. The rising prices mean increased equity, which is another reason people are listing properties.

“Properties also are taking less time to sell, another trend that is sparking sellers’ interest,” Meadows added. “In December, the median days on market (the midpoint of the number of days it took for a property to sell that month) was 50 days for single-family homes and 51 days for townhouses and condos. That means 50 percent of homes on the market in Florida sell in less than two months.”

The statewide median sales price for single-family existing homes last month was $172,630, up 11.4 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in December was $137,500, up 17 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

According to the National Association of Realtors (NAR), the national median sales price for existing single-family homes in November 2013 was $196,200, up 9.4 percent from the previous year; the national median existing condo price was $197,400. In California, the statewide median sales price for single-family existing homes in November was $422,210; in Massachusetts, it was $316,500; in Maryland, it was $257,677; and in New York, it was $229,000.

Looking at Florida’s townhome-condo market, statewide closed sales totaled 8,364 last month, down slightly (2.5 percent) compared to December 2012. However, the closed sales data reflected fewer short sales and cash-only sales in December: Traditional sales in Florida rose 23.3 percent for single-family homes and 6 percent for condo-townhome properties. Closed sales typically occur 30 to 90 days after sales contracts are written.

“Florida’s market exhibited all the signs of the annual holiday lull,” said Florida Realtors Chief Economist Dr. John Tuccillo. “Because of things like the reduced number of workdays and the presence of other important things to do, the statistics at this time of year don’t necessarily give a good read on where the market really is. Three continuing trends to note, however, are rising inventories, declining cash sales and the lessening presence of distressed property sales.

“The first two are indicative of reduced investor activity and thus a return to a more normal market. The last is a product of rising values that have increased market sales relative to short sales and foreclosures.”

Inventory was at a 5.5-months’ supply in December for single-family homes and at a 5.8-months’ supply for townhouse-condo properties, according to Florida Realtors.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.46 percent in December 2013, up from the 3.35 percent average recorded during the same month a year earlier.

To see the full statewide housing activity reports, go to Florida Realtors Media Center under Latest Releases, or download the December 2013 data report PDFs under Market Data.

© 2014 Florida Realtors®

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Pasco Real Estate

January 24, 2014

0304-0607-0904-2553_tnAre you looking for a Realtor to help you buy or sell real estate in Pasco County, Florida?

Consider calling Chris O’Connor with Charles Rutenberg Realty for all of your home buying and selling needs in the Tampa Bay area. With close to 30 years of calling Tampa Bay my home I can comfortably say that I know this market inside and out.

Pasco County, FL is one of my preferred markets!

Whether you’re looking for a luxury waterfront condo or a small 2-bedroom starter home…I’d love to help you find your next home or investment property.

Are you thinking about selling your home? You’re going to need a Realtor with experience, knowledge, ethics, discipline and a track record of successfully listing and selling real estate in both traditional sales and short sales. Please consider calling Chris today at 727-804-5319 to discuss your Pasco real estate needs.

Filed Under Realtor, Tampa Bay Real Estate ·

Just Sold! Countryside Condo in Palm Harbor, FL

January 20, 2014

3536 Countrybrook Ln. #E24
Palm Harbor, FL 34684
MLS#: U7589004

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JUST SOLD!

2 bedrooms, 2 bath, with 1,230 square feet, List Price $89,900
Stunning 2nd floor condo with soaring ceilings. Foyer entry to oversized living room with wet bar. Ladder leads to private library loft great for quiet reading time. Separate dining room with sliders leading to screened/vinyl enclosed porch with built in outdoor grill. Light and bright kitchen with pass through window to porch. Convenient laundry room off kitchen provides additional storage. Master bedroom suite offers large walk in closet with built in closet organizers. Master bath with separate vanity sink area and private water closet. Bedroom 2 is located near entry and has easy access to guest bath. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PURCHASE THIS HOME FOR AS LITTLE AS 5% DOWN. APPROVED FOR HOMEPATH MORTGAGE AND HOMEPATH RENOVATION MORTGAGE. FOR DETAILS REGARDING THE FIRST LOOK PERIOD AND HOMEPATH PLEASE GO TO THE HOMEPATH WEBSITE.

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Just Sold! All Bright Shores of Tampa

January 20, 2014

1503 Haven Bend
Tampa, FL 33613
MLS#: T2581265

T2581265_101_12
JUST SOLD!

3 bedrooms, 2 bath, 2-car garage with 1,574 square feet, List Price $191,500

Fabulous opportunity to purchase this lovely lakefront pool home in a central location. The home offers unbelievable lakefront views with your own private pool and dock. The semi circular driveway with mature shaded trees offers wonderful curb appeal. The open plan has both formal living and formal dining areas and a great room flow between kitchen and family room. All appliances including washer and dryer convey. Close to Dale Mabry and I275 it affords the conveniences of shops, bars, restaurants as well major highways. Easy to show !

T2581265_501_73

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Just Sold! Laurel Oak Woods of Palm Harbor

January 20, 2014

1846 Willow Oak Dr.
Palm Harbor, FL 34683
MLS #: U7592751

U7592751_101_12

JUST SOLD!

3 bedrooms, 2 bath, 2-car garage with 1,572 square feet, List Price $225,000

HOME SWEET HOME! This 3 bedroom, 2 bathroom, 2-car garage home is located on the west side of US 19, located close to all Palm Harbor schools, Dunedin beaches, the Pinellas Trail, Downtown Palm Harbor and much more! Well maintained. Property features: Great room floor plan, split plan for bedrooms, vaulted ceilings, wood burning flagstone fireplace, fresh interior paint, new interior doors and fixtures, beautiful real wood floors throughout, updated A/C and roof in 2002, along with new windows. There is also an enclosed and air conditioned sun room, with French doors leading out to the back yard brick patio and pretty garden. There is plenty of space to spread out here. Wonderful family home. Easy to show!

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Pinellas Real Estate

January 14, 2014

0304-0607-0904-2553_tnAre you looking for a Realtor to help you buy or sell real estate in Pinellas County, Florida?

Consider calling Chris O’Connor with Charles Rutenberg Realty for all of your home buying and selling needs in the Tampa Bay area. With close to 30 years of calling Tampa Bay my home I can comfortably say that I know this market inside and out.

Pinellas County, FL is one of my preferred markets!

Whether you’re looking for a luxury waterfront condo or a small 2-bedroom starter home…I’d love to help you find your next home or investment property.

Are you thinking about selling your home? You’re going to need a Realtor with experience, knowledge, ethics, discipline and a track record of successfully listing and selling real estate in both traditional sales and short sales. Please consider calling Chris today at 727-804-5319 to discuss your Pinellas real estate needs.

Filed Under Realtor, Tampa Bay Real Estate ·

Hillsborough Real Estate

January 2, 2014

0304-0607-0904-2553_tnAre you looking for a Realtor to help you buy or sell real estate in Hillsborough County, Florida?

Consider calling Chris O’Connor with Charles Rutenberg Realty for all of your home buying and selling needs in the Tampa Bay area. With close to 30 years of calling Tampa Bay my home I can comfortably say that I know this market inside and out.

Hillsborough County, FL is one of my preferred markets!

Whether you’re looking for a luxury waterfront condo or a small 2-bedroom starter home…I’d love to help you find your next home or investment property.

Are you thinking about selling your home? You’re going to need a Realtor with experience, knowledge, ethics, discipline and a track record of successfully listing and selling real estate in both traditional sales and short sales. Please consider calling Chris today at 727-804-5319 to discuss your Hillsborough real estate needs.

Filed Under Realtor, Tampa Bay Real Estate ·

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