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    Greater Tampa Home Sales January 2017 – Tampa Market Monday

    Happy Monday!

    Wow! 2017 is off to a great start. You’ll see what I mean when we review January 2017 housing data for the Greater Tampa Real Estate Market. So far prices and sales are way ahead of where they were in 2016. February sales data comes out next week and we will see if the momentum is building, holding steady,  or slowing down.

    But for now, here’s a quick overview of January 2017

    Greater Tampa

    screen-shot-2017-02-27-at-12-47-51-pm

    The table above makes it clear that January 2017 outpaced the start of 2016.

    Sold Dollar Volume jumped 36.3% compared to January 2016. Average Sold Price (13.5%) and Median Sold Price*(13.6%) also rose double-digits. The Number of Homes Sold climbed 20% as 355 more home sold than in January a year ago. The Ratio of Average Sold Price-to-Original List Price also increased from 94.5% to 95.4% and Average Sales Price Per Square Foot gained 10.9% or $12 per square foot. Homes also sold 20.6% faster than January 2015, as the Average Days a Home Stayed on the Market dropped from 71 to 54 days. Months of Supply decreased 3.7% from 2.71 months to 2.61.

    Here is a more detailed look at the trends over the last 12 months.

    (Want a customized evaluation of your home and neighborhood, based on comparable homes that have sold recently? Call Annette Bohannon at 813-431-2840 and get a FREE detailed, market evaluation of your home or you can get a Free Market Report by following this link.)

    Now let’s review the best and most informative blog posts, articles and infographics we’ve seen this past week. Enjoy!

    Tampa:

    Here are Tampa Bay’s top 25 elementary schools

    Most parents are familiar with the public school grading system released by the state every year. Niche, a Pittsburgh-based data company, goes beyond the scores when evaluating schools.

    In addition to the usual metrics based on test scores, the ranking takes into account student and parent assessments, student life data, teacher ratings and various ratings of a school’s culture and diversity.

    Niche released its 2017 ratings of public elementary schools.

    View the 25 highest-rated elementary schools.

     

    These jobs get six-figure paychecks in the Tampa metro area

    Nearly 40 occupations in the Tampa-St. Petersburg-Clearwater metropolitan statistical area draw an annual average wage of $100,000 or more.

    That’s double the annual average wage of $44,510 in the metro area, according to 2015 data from the U.S. Bureau of Labor Statistics.

    View the six-figure jobs

    From the Blog:

    Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]

    screen-shot-2017-02-27-at-11-42-17-am

    Read the Blog Post

    Access: A Key Component in Getting Your House SOLD!

    So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.

    There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

    The 5 Levels of Access You Can Give Buyers

     

    Advice for Buyers:

    Warn Buyers: Earnest Money Mistakes to Avoid

    Once a buyer settles on a home, they often show their commitment with an earnest-money deposit. But if they’re not careful, they could lose thousands of dollars.

    Realtor.com® recently featured some of the biggest mistakes home buyers most often make with earnest-money deposits, including:

    Read More

    Search Tampa Homes for Sale

    Advice for Sellers

    7 Ways Home Sellers Turn off Homebuyers

    When it’s time to sell your home, you can invest a ton of time, energy and money into getting the place ready for sale. You might declutter, stage and even remodel the house to make it as appealing to buyers as possible.

    Sometimes, though, no amount of preparation can overcome something in the home that, rightly or wrongly, offends some buyers and gives them negative impressions of you and your house.

    Find out the 7 Ways

    1. Screen Shot 2016-03-07 at 10.03.47 AM
    2. Screen Shot 2016-03-07 at 10.04.00 AM

    Home Loans

    Continued Uncertainty Causes Mortgage Rates to Hold

    In a short week following Presidents Day, the 10-year Treasury yield fell about 8 basis points. However, the 30-year mortgage rate rose 1 basis point to 4.16 percent. This week’s survey once again displays the disconnect between mortgage rates and Treasury yields, a result of continued uncertainty.

    • 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending Feb. 23, 2017, up from last week when it averaged 4.15 percent. A year ago at this time, the 30-year FRM averaged 3.62 percent.
    • 15-year FRM this week averaged 3.37 percent with an average 0.5 point, up from last week when it averaged 3.35 percent. A year ago at this time, the 15-year FRM averaged 2.93 percent.
    • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.16 percent this week with an average 0.4 point, down from last week when it averaged 3.18 percent. A year ago, the 5-year ARM averaged 2.79 percent.

    Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

    PMMS Graph
    Click to enlarge

    Thanks for reading Tampa Market Monday. If you are ready to buy or sell a home, let us know! We’d love to put our expertise, enthusiasm, and local knowledge of the Greater Tampa real estate market to work for you. You can reach me, Doug Bohannon or Dale Bohannon at 813-979-4963 or by completing this contact form.

    Have a Fantastic week!

    Annette Bohannon, Team Bohannon, Keller Williams, 813-431-2840 www.teambohannon.com

     

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    About our blog

    Ranked #1 Realtor in Tampa by U.S. News and World Report.

    Doug, Annette & Dale Bohannon

    Team Bohannon Real Estate Experts

    Keller Williams Tampa Properties
    Tampa, Florida

    (813) 979-4963

    If you're looking for a trusted partner who exceeds expectations, reduces stress, fulfills promises, and is on top of all the details, consider Tampa's Top Real Estate Team: Doug, Annette and Dale Bohannon when buying or selling your home, call us today at 813-979-4963

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