#Tampa Market Monday – January 18, 2016

    #Tampa Market Monday

    Team Bohannon Named Best Realtor in Tampa by U.S. News and World Report

    Team Bohannon once again received some very exciting news as we found out that U.S. News and World Report had named Doug Bohannon of Team Bohannon the Best Real Estate Agent in Tampa, FL. The rankings were based on most residential sales and Doug Bohannon placed first with 158 annual sales. According to U.S. News and World Report the average agent in Tampa closed 4.5 sales per year. By comparison, Doug Bohannon sold and closed 35 times more homes than the average Tampa agent and nearly 5 times as many sales as the average of the Top 10% of Tampa real estate agents.

    Doug Bohannon
    Doug Bohannon, Ranked Best Realtor in Tampa by U.S. News and World Report

    Q&A With Doug Bohannon

    Q: Doug what sets you apart and enables you to make so many sales?

    A: Well, I think it is really a team effort and we have built an organization that has been built on a strong foundation of core values and purpose. We operate in a fun, exciting and challenging environment that helps all of us achieve our goals.

    Each of our team members is dedicated to teamwork, self-improvement, positive attitudes and most importantly, a passionate drive to surpass the expectation of every client we serve.

     

    Q: So what does it mean to you to “surpass the expectation of every client”?

    Many real estate agents strive for customer satisfaction, but with Team Bohannon satisfaction is not enough. We focus on constantly improving our systems and processes.  And as a result, we go well beyond the standard level of service provided by most Realtors. Team Bohannon is obsessed with serving clients in a way that leaves them feeling thrilled by our team, not merely satisfied by it.

    Q: So what are the specifics that you bring to the table that differentiate you from most other Realtors?

    A: There are many factors involved in selling or buying a home, but what it really boils down to is aggressive marketing, sound pricing strategy, knowing the numerous financing options, and market knowledge. It also takes a strong social & multimedia marketing system to get the homes in front of the right target audience.  And then it comes down to negotiating the best deal for our clients.

    We’ve helped over 4,800 families buy or sell their homes and I think that’s a huge advantage we have over most other real estate agents.

    Q: So if you could sum it up what makes you and your team so productive?

    A: I think it comes down to three key things: our unmatched expertise in the local market, our phenomenal client service and our aggressive marketing system. These core competencies allow us to achieve our ultimate goal time and time again for our clients.

    Q: So what advice would you give to those who want to sell a home?

    A: Who you select to represent you can have a tremendous effect on getting you what you deserve from your transaction. So choose your realtor carefully. Make sure you find someone who has a prolonged track record of consistent success.

    Thanks to all of you who were a part of this award-winning effort!

    Highlights:

    • In Tampa, there have been 5,207 active agents in the past 12 months. Overall, agents in Tampa average 4.5 closings per year, while the top 10 percent of agents in Tampa average 33.0 closes per year.
    • In the past 12 months, at least 5,207 real estate agents have helped consumers with 10,827 residential home sales in Tampa, Florida. Sales have ranged in price from $10,000 to $4,900,000.
    • In January 2015, the median sale price for a single-family home in the Tampa area was $160,000. Home prices tend to be highest downtown and south of downtown, especially in Davis Islands, where the median sale price was $430,000 in April 2015 according to Trulia. Homes in areas directly east of downtown represent some of Tampa’s lowest prices, such as in Highland Pines where the median sale price for a home was about $49,000 for the same month.
    • Tampa’s population has grown in recent years. The city’s population grew from 303,073 in 2000 to 343,768 in 2014, an increase of 13.4 percent.
    • Among the 5,207 active agents in Tampa, a majority have an average sales price that is less than $500,000. The average time on market is 111 days, 31 days slower than the national average.

    Tampa Real Estate Sales 2015

    A Quick Look at How Hillsborough County Real Estate Performed in December of 2015

    Hillsborough County, FL Real Estate December 2015

    Hillsborough County, FL Real Estate Stats December 2015

    Market Activity - Hillsborough County, FL

    Med Sale $ - Hillsborough County, FL

    Avg Days on Market - Hillsborough County, FLAvg Sale to Orig List $ Ratio - Hillsborough County, FL

    In Other Real Estate News

    Despite a recent rate increase by the Fed, mortgage rates have continued to move down. A recent article in the Washington Post provided a quick breakdown of what’s going on:

    Mortgage rates retreated for the second week in a row, according to the latest data released Thursday by Freddie Mac.

    Concern over the global economy is fueling volatility in the financial markets and pushing down rates on home loans. The 10-year Treasury yield closed at a two-month low on Wednesday. The movement of the 10-year Treasury bond is one of the best indicators whether mortgage rates will rise or fall. When yields go down, interest rates tend to go down.

    The 30-year fixed-rate average dropped to 3.92 percent with an average 0.6 point, its lowest level since early November. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.97 percent a week ago and 3.66 percent a year ago.

    The 15-year fixed-rate average fell to 3.19 percent with an average 0.5 point. It was 3.26 percent a week ago and 2.98 percent a year ago.

    Read the whole article: Mortgage Rates Retreat Over Global Economic Concerns

    Other Articles of Interest:

    4 Must-Know Tips for Buying, Selling in 2016

    Highlights:

    “The 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory and fierce competition between buyers,” says Jonathan Smoke, chief economist for realtor.com®. “Buyers looking to close this year need to keep an open mind and be prepared to move quickly when they find a home that meets their needs. For sellers, it’s about understanding the ins and outs of their local market so they can optimize the price of their home and close quickly.”

    10 Home Renovations That Offer the Best (and Worst) Return on Investment

    Highlights:

    Remodeling may be a labor of love, but it’s also an investment that can seriously boost the value of your home. Only by how much? Well, according to Remodeling magazine’s 2016 Cost vs. Value Report, you’ll recoup an average of 64% of what you paid for a renovation if you sell your home this year.

    Go here to discover which improvements give you the best bang for your buck.

    -Team Bohannon

    Trackback from your site.

    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

    Contact Us Now

    Any questions, comments, or feedback