Wesley Chapel Home Sales September 2016 – Tampa Market Monday – October 31, 2016

    Happy Monday!

    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.

    Wesley-Chapel-Florida-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.

    33543

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    wesley-chapel-days-on-marketwesley-chapel-housing-inventory-2016

    33544

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    wesley-chapel-days-on-marketwesley-chapel-housing-inventory

    33545

    wesley-chapel-home-sales-33545

    wesley-chapel-housing-days-wesley-chapel-housing-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.

    Tampa:

    Millennials in Tampa Bay are starting to buy houses and that’s going to revolutionize real estate

    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.

    Read the article

    Trigaux: Here are the Top 10 Tampa Bay real estate projects with Wow! appeal

    Wow!

    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.

    View Top 10 Projects

     

    From the Blog:

    Buying is Now 37.7% Cheaper Than Renting in the US

    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!

    Read more.

    Buying a Home Can Be Scary… Know the Facts [INFOGRAPHIC]

    Screen Shot 2016-10-31 at 1.09.12 PM

    Read more.

    Advice for Buyers:

    Terrified to Buy a Home? Your Top Fears Debunked

    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.

    Read More

    Advice for Sellers

    Trulia’s Guide To What Homebuyers Want In Every State

    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.

    Review the Guide

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    Screen Shot 2016-03-07 at 10.04.00 AM

    Home Loans

    Mortgage Rates Ease From Recent Spike, Closer to Near Record Lows

    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.

    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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