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    New Tampa Home Sales September 2016 – Tampa Market Monday – October 24, 2016



    Happy Monday!

    New Tampa home sales decreased in September compared to September a year ago. The number of Homes Sold fell 11.9% from 126 to 111, while the Total Sold Dollar Volume declined 8.73% to $27,095,248. On a month-to-month basis, Closed Sales and Total Sold Dollar Volume went down 17.8% and 24.7% respectively. However  of $237,000 was 3.04%more than a year ago.  The Median Sold Price decreased 5.2% from August of 2016.

    The Average Number of Days a Home Stayed on the Market (50 days) dropped 39.02% compared to September a year ago and 16.7% compared to August of this year. Months of Supply which measures how many months of housing inventory remain based on current sales trends stood at 2.78 months. This is 2.7% higher than September 2016. There were 316 Active Listings in September 2016 compared to September 2015.



    Here’s a more detailed look at the data over the last 12 months: (To see percentage of increase or dccrease from pervious year, simply place your cursor on the bar.)

    What It Means

    As expected Home sales dropped some as Summer turned to Fall. But interest rates are still at historically low levels, but rising so look for buyers to maintain a sense of urgency. Some of the decline in sales can likely be attributed to the declining number of homes for sale, so don’t hesitate to put your home on the market if you’re ready to sell. Serious buyers are out now combing the market for a home they like, but some simply can’t find the right one.

    If you’re ready to list your home, contact us and let us focus our expertise, experience and award-winning client services on helping you sell your home quickly and for top dollar. If you’re a buyer, please call us.  Our skilled and experienced BUYERS agents will position you to move fast and negotiate smartly in a very competitive SELLERS market.

    (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 here’s a quick overview of some of the best and most informative blog posts, articles and infographics we’ve run across this week. Enjoy!


    2016 Best in the Biz: Readers’ Choice Awards

    Tampa Bay Business Journal: It’s time to vote on your favorites in categories related to where you eat, how you get around town and who provides your business services. Voting ends on Oct. 31 at 11:59 p.m. NOTE: All categories must be answered in order to submit. For complete voting rules, click here.

    Read More

    3 reasons Johnson & Johnson picked Tampa for a global services center (Video)

    The Tampa workforce has three characteristics that drew Johnson & Johnson to the area.

    Well-educated millennials, people further along their career path and multilingual workers were key in the health care company’s decision to locate its Global Services delivery center in Tampa, said Dominic Caruso, chief financial officer at Johnson & Johnson (NYSE: JNJ).

    Read More

    From the Blog:

    How Historically Low Interest Rates Increase Your Purchasing Power



    Read More

    Starting to Look for a Home? Know What You WANT vs. What You NEED

    The first step in your home buying process should be to get pre-approved for your mortgage. This allows you to know your budget before you fall in love with a home that is way outside of it.

    The next step is to list all the features of a home that you would like, and to qualify them as follows:

    • ‘Must Haves’ – if this property does not have these items, then it shouldn’t even be considered. (ex: distance from work or family, number of bedrooms/bathrooms)
    • ‘Should Haves’ – if the property hits all of the must haves and some of the should haves, it stays in contention, but does not need to have all of these features.
    • ‘Absolute Wish List’ – if we find a property in our budget that has all of the ‘must haves,’ most of the ‘should haves,’ and ANY of these, it’s the winner!

    Read More


    Advice for Buyers:

    17 Things Millennials Should Stop Wasting Money On So They Can Buy A House Instead

    Over the weekend, “social demographer” Bernard Salt had a go at millennials, most notably being rather affronted that so many of them waste money on brunch.

    You may be surprised to know, however, that having the nerve to pay $22 for breakfast is the least of millennials’ worries. Here’s another 17 things they could cut back on:

    Read More

    Apple Wants to Get Inside Your House Before You Buy It


    Read the Article


    Search Tampa Homes for Sale

    Advice for Sellers


    Joanna Gaines of HGTV’s ‘Fixer Upper’ Reveals 5 Top Home-Staging Mistakes

    One of the keys to a successful home sale, says Jo, is home staging, where you arrange your furniture and décor (or some rented stuff) in a way that entices buyers to make an offer. Yet home staging is a highly misunderstood practice, one where home sellers can easily make missteps that can undermine these efforts.

    Read More

    Five Notable Nuggets from NAR’s Home Buyer and Sellers Survey’s 35-Year History

    Since NAR’s inaugural survey, consumer preferences have evolved and housing costs have gotten more expensive – even in real terms. In 1981, the typical buyer purchased a 1,700-square-foot home costing $70,000 ($201,376 in inflation-adjusted dollars) 2. In last year’s survey, purchased homes were typically 2,000 square feet and cost $220,000.

    To mark the 35th year of NAR’s highly-anticipated survey capturing the pulse of buyers and sellers, here are five notable trends from the past three-and-a-half decades:

    Read More



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

    Home Loans

    Mortgage Rates Highest in Four Months, Still Near Record Lows

    1. The 30-year fixed-rate mortgage moved a solid 5 basis points to 3.52 percent while the 10-year Treasury yield remained relatively flat. This is the first week in over 4 months that rates have risen above 3.50 percent. This month, mortgage rates seem to be catching up to Treasury yields and returning to pre-Brexit levels.
      • 30-year fixed-rate mortgage (FRM) averaged 3.52 percent with an average 0.5 point for the week ending October 20, 2016, up from last week when they averaged 3.47 percent. A year ago at this time, the 30-year FRM averaged 3.79 percent.
      • 15-year FRM this week averaged 2.79 percent with an average 0.5 point, up from last week when they averaged 2.76 percent. A year ago at this time, the 15-year FRM averaged 2.98 percent.
      • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85 percent this week with an average 0.4 point, up from last week when it averaged 2.82 percent. A year ago, the 5-year ARM averaged 2.89 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

    Read More

    Thanks for reading Tampa Market Monday. We’d love to help you buy or sell your home so please get in touch! 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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    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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