Today, let’s review how the housing market performed in one of Greater Tampa’s most popular locations — Wesley Chapel. Wesley Chapel, which is in Pasco County, consists of three zip codes.
In September of 2016, 202 total homes sold throughout Wesley Chapel (28.8% more than in September of of 2015).
- 97 sold in 33543 (up a 21.25% from September 2015)
- 67 sold in 33544 (up 45.65% from September 2015)
- 38 sold in 33545 (up a 18.75% from September 2015).
The average number of days a home stayed on the market ranged from 45 (33544) to 77 (33543) days based on the zip code. The 33543 zip declined 9.84% from last September, while 33544 decreased 13.21%. Only 33545 increased — by 5.48% — from 73 days on the market in September 2015 to 77 in Septenber 2016.
The 33543 zip code had 252 active listings (up 21.74% from last September, while the 33544 area had 126 active listings (up a slight 1.61% from a year ago). The remaining zip, 33545, had 80 active listings, a decline of 14.89% from September 2015 when 94 homes were listed for sale.
Here’s a more detailed look at the rest of the data.
Now let’s look at some of the best real estate articles, blog posts and infographics from last week. Each week, we give you the information you need to be a smarter home buyer and/or seller. Enjoy.
For decades, baby boomers — those born in the prosperous years after World War II — have made up not only the nation’s biggest population group but also the bulk of its home buyers. But they are being supplanted, both in sheer numbers and in the hunger for home ownership, by millennials between 18 and 34.
In a realtor.com survey of Americans who expect to buy a home in 2017, more than half were first-time buyers. And most of those were millennials.
“What we found is a true sea change in the buying population that will affect which homes and neighborhoods are the most desirable in 2017,” the company said.
From the frenzy of downtown projects in Tampa and St. Petersburg to Tampa International Airport and east Pasco, big-dollar and innovative developments are in high gear. Alone, they signal confidence in the urban strongholds of Tampa Bay. Combined, they send a strong message that the economic vitality of the Tampa Bay region in the coming years has been noticed and recognized by savvy developers near and far. It bodes well for the region.
Try this sampling. I’ve picked 10 area commercial projects, ranked by their Wow! factor.
From the Blog:
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!
Advice for Buyers:
You wake up in a cold sweat. There’s something lurking in the dark, visible by flickering computer light. Something’s haunting you. It’s… the real estate listings! Deep down, you’d love to own a home, but whenever you take steps beyond idle window-shopping, a chill runs up your spine, and paralyzes you from moving ahead. We get it—you’re about to make a life-changing purchase, and you’re spooked. The main thing that home buying has in common with horror flicks: The fears are (mostly) mere figments of your imagination.
So in case you’re harboring some heebie-jeebies, here are some of home buyers’ top concerns—tackled head on so you know what you’re really dealing with.
Advice for Sellers
To help, Trulia scoured the listing data of for-sale homes in more than 100 metros to find out what features are most popular in each state. Trulia’s data team combed through for-sale listings for more than two dozen common terms, including “hardwood floors,” “views,” “stainless steel,” “open floor plan,” “high ceilings,” and more, and tallied the terms that appear most often to find each state’s favorite amenity.
The clear winner from coast to coast? In a word: decks. Almost half the country — 22 states — claimed decks as the top home amenity.
Mortgage rates continue to be relatively stable and at near record lows. The 30-year fixed-rate mortgage fell 5 basis points week-over-week to 3.47 percent, erasing last week’s increase. At the same time, the 10-year Treasury yield ended the week relatively flat – up about 2 basis points.
- 30-year fixed-rate mortgage (FRM) averaged 3.47 percent with an average 0.6 point for the week ending October 27, 2016, down 5 basis points from 3.52 percent last week. A year ago at this time, the 30-year FRM averaged 3.76 percent.
- 15-year FRM this week averaged 2.78 percent with an average 0.5 point, down slightly from last week when they averaged 2.79 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 2.84 with an average 0.4 point, down slightly from last week when it averaged 2.85 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.
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,
Search for Tampa Homes By Neighborhood
Tampa, a beautiful, modern city located on the Gulf Coast of Florida, is bordered by Old Tampa Bay and Hillsborough Bay, which come together to makeup Tampa Bay. It offers…
View 3546 homes
Apollo Beach is a vibrant waterfront community, located in Hillsborough County in Tampa, FL. It features over 50 miles of interconnected canals that lead to Tampa Bay and the Gulf…
View 325 homes
Land O’ Lakes, located in Pasco County, is north of downtown Tampa. It’s also part of the Tampa-St. Petersburg-Clearwater, Florida MSA. The population of the area is a little over…
View 468 homes
FishHawk, Hillsborough County’s first “green community”, is made up of a variety of smaller communities located in Lithia, Florida. They including Starling at FishHawk, The Preserve, FishHawk Ranch and FishHawk…
View 215 homes
Lutz, which began as a small train depot on the Tampa North Railroad, now has about 20,000 residents. It was named for W. P. Lutz, who brought the railroad to…
View 424 homes
New Tampa, Tampa Bay’s fastest growing community is located in the northern side of Tampa. New Tampa, well-known for its master-planned communities, features upscale residences surrounded by lakes, lush green…
View 361 homes
The Carrollwood area, about 7 miles northwest of Tampa includes two distinct communities — Carrollwood and Carrollwood Village. Both are located in Hillsborough County. Together, they have a population of…
View 266 homes
Odessa, located in Pasco County started as a community of open spaces that residents used for ranches and horse farms. But in more recent years, it has grown considerably due…
View 271 homes
Brandon is an appealing suburb, east of downtown Tampa, Florida. It offers residents a quieter, family-oriented lifestyle just outside of Tampa’s city center. Over 100,000 people call it home and…
View 311 homes
Riverview, Florida, located in Hillsborough County near Tampa has nearly 80,000 residents. The community saw its population increase close to 500 percent from 2000 to 2010 as new development occurred…
View 703 homes
South Tampa, located on the Interbay Peninsula, includes areas of Tampa south of Kennedy Boulevard. Many of Tampa’s most unique and in-demand neighborhoods, Beach Park, Ballast Point, Bayshore Beautiful, Bayshore…
View 1055 homes
Ruskin, located in Hillsborough County, Florida, near Tampa’s South shore has blossomed since the early 2000’s. It’s population, which doubled from 2000 to 2010 now tops 17,000 residents. Background The…
View 297 homes
Valrico, located east of Tampa, is home to more than 35,000 residents. The population has expanded over 400% since 2000, when only 6,500 residents lived there. The median house or…
View 263 homes
Wesley Chapel, in Pasco County, has been one of Tampa Bay’s fastest growing communities during the past 10 years. Currently, there are over 45,000 residents, 16,000 households and 12,000 families…
View 502 homes
Westchase, founded in 1991, is a luxurious planned community located between Tampa and Clearwaterin Hillsborough County. It has around 22,000 residents and is one of the most affluent subdivisions the…
View 154 homes
Are you seeking a one-of-a-kind luxury home? You’ll discover many remarkable million-dollar-plus properties in the Tampa area. Whether you prefer living on the water with spectacular views, a Championship golf…
View 3772 homes
If you love golf, you’ll love the Tampa Bay area’s challenging and picturesque golf courses set in vibrant and beautiful communities on the Gulf Coast. You can enjoy a daily…
View 6222 homes
Living on the waterfront means a variety of things to different people. Some love the all-the-time access to sunshine, the beach and the ocean. For other it’s about a peaceful…
View 13625 homes