Market Conditions for Apollo Beach, Florida
Reported by Bonnie Fagoh, REALTOR
Updated December 29, 2011.
Welcome to Apollo Beach!
Current inventory 234 active listings from $36,000 to $4.1 million. With 201 closings in the last 6 months, we have just under months of inventory.
If you look at Covington Park alone, there are only 13 active listings and less than 3 months of inventory!
Obviously, the expensive waterfront takes longer to sell.
If You Must Sell Your Home in This Market
Most will agree this is NOT the time to sell your home. But I am starting to see a change with our drastically reduced inventory! I just tested the market a bit on a beautiful pool home in Covington Park. If you looked at recent closings, you may have thought my new listing was a bit overpriced, but it was a NOT a short sale and inventory is quite low in the community. Well, I was right to price it where I did as it went UNDER CONTRACT IN 4 DAYS! It is my job to get the most for my sellers.
You may think, was it still too low since it sold so quickly? Well, it still has to appraise so we can't push it too much. This one closed at $193k, just $7k under list!
What if you just got a job transfer? What if your family is growing and you need a bigger home? What should you do to get the most For your property?
First, make sure you choose a Realtor who knows the market in your area, someone from a large office That has market share in your community. You are not only hiring that agent, but the office, and it can make a big difference if they have a team they can share the listing with since each of those agents has active buyers. The agent should show you comparables that back up the price they suggest for your home.
Choose an agent who knows how to capitalize on internet marketing and knows how to get your property noticed by the masses. Of course, you will want professional photos and slide shows or virtual tours but don't forget the strength of video when it comes to search engine optimization.
You will also want to have your home put its "best face forward"…..spruce up the landscaping for curb appeal (you can't sell it if no one will even go through your door). And speaking of that front door, how about a fresh coat of paint? You may never use that door since you come in through the garage, so go out front and take a good look. Imagine you are that buyer seeing your home for the first time. Some bright flowers will go a long way. Declutter so they will see the house and not your "stuff", wash windows to let that sun shine in! No one likes a dark home….pull those drapes back. And I have been known to say "if you can smell it, you can't sell it". Have a friend come by and be brutally honest and let you know if they notice any odors (pets?). You may not notice it because your nose has become accustomed to it!
The real winners in the market are those who can take advantage of the tremendous deals that are available. If you are upsizing, you come out way ahead. You may get 20% less on your current home (for example $40k less on a home that was previously $200k), but if you save 20% on the bigger one ($60k on a $300k home!) you come out on the plus side. Many of my clients have been amazed at what they could buy today. They are living in homes nicer than they ever imagined they could own. Let me help YOU too….call Bonnie today (813) 390-7606.
Search all Tampa Bay properties at www.TampaCoastalHomes.com or better yet,
call me for a FREE boat tour! Bonnie (813) 390-7606
ZIP Code: 33572
Location Characteristics: Apollo Beach is a growing community centrally located between Tampa (20 min), Sarasota (30 min) and St Petersburg (20 min). There are 55 MILES of canals leading to Tampa Bay for those of you who enjoy water sports. Southshore Commons, a major "open air" mall is planned for 2011 with shopping, restaurants, movie theatre and office buildings. The area is excited about our Tampa Bay Rays. AND the Super Bowl Committee is impressed enough with Tampa Bay to have us host the Super Bowl four times!! Our Bucanneers had a tremendous year for such young team. Can't wait to see what they will do next season. Come see for yourself why people love it here! The only state with no snow in Jan 2011. :)
A new feature to my Market Update are short video previews. Watch these short informative videos at http://tampacoastalrealestate.blogspot.com
Please leave a comment. Thanks!
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View Market Conditions of other areas served by Bonnie Fagoh
Thursday, December 29, 2011
Sunday, December 25, 2011
Thank you to The Tampa Tribune newspaper
Mark Fagoh
Thanks to the Tampa Tribune for featuring my lovely wife for selling her Apollo Beach listing in 4 days! She is on the front page of the Home section "Above the Fold" congrats lovely Bonnie Fagoh!!
Thanks to the Tampa Tribune for featuring my lovely wife for selling her Apollo Beach listing in 4 days! She is on the front page of the Home section "Above the Fold" congrats lovely Bonnie Fagoh!!
Wednesday, December 21, 2011
Last 10 Days Activity in Apollo Beach, Tampa Fl.
All I can tell you is what has happened in the last 10 days here in Tampa Bay, in particular, Apollo Beach. Out of no-where we have been swamped with both companies and individuals wanting to put in offers on properties and wanting to close by the end of the year. I can't understand how you can expect an accepted offer and then to close on it in the last 10 days of the year?? We are of course excited about these opportunities!
Home sales hint at recovery after deep slump
Wed Dec 21 19:05:39 UTC 2011
By Lucia Mutikani
WASHINGTON (Reuters) - Home sales rose in November, adding to hints of recovery, but updated data showed the housing crash was much deeper than previously thought.
The National Association of Realtors said on Wednesday that sales of previously owned homes increased 4 percent from October to an annual rate of 4.42 million units.
At November's sales pace, the 2.58 million unsold homes on the market represented a 7.0 month's supply, the lowest since February 2007 and a sign the backlog of inventory that has been weighing on the market was clearing.
The rise in sales and drop in inventory was the latest suggestion the housing sector, which triggered the 2007-09 recession, may be on the cusp of a recovery. Data on Tuesday showed housing starts scaled a 1-1/2 year high in November.
"The housing market is finding its bottom, and that will translate into more growth in GDP and less of a drag on consumer confidence," said Robert Dye, chief economist at Comerica in Dallas. "But we still have a long, long way to go."
The pickup in sales, however, is coming off a deeper trough.
NAR said it had overstated sales from 2007 through 2010 by 14.3 percent. Sales over that period averaged 4.42 million units a year, not 5.16 million, and they bottomed at a 3.30 million-unit pace in July 2010, rather than 3.86 million, underscoring the depth of the downturn.
The group blamed double-counting of properties, builders selling homes through real estate brokers and geographic population shifts as among the reasons for its mismeasurement.
RISKS ABOUND
A housing recovery could help underpin what already appears to be a quickening of U.S. economic growth. During normal times, economists estimate that one out of every eight jobs in the economy is generated by housing-related activity.
Lawrence Yun, the chief economist for the Realtors' group, said existing home sales for 2011 were expected to total 4.25 million units, up from 4.19 million units last year.
While the U.S. economy appears to be gathering strength, the global backdrop remains troubling with much of the world slowing down and Europe sliding into an almost certain recession.
In addition, lawmakers have yet to break an impasse over extending a payroll tax cut for 160 million U.S. workers that expires at year end. Economists have warned a failure to keep the tax cut in place could hit the economy hard.
Stocks on Wall Street were little moved by the housing data as persistent worries over the European debt crisis dominated sentiment. U.S. stock indexes fell as weak results from technology giant Oracle Corp weighed on the mood.
U.S. government debt prices also fell, while the dollar was up against the euro.
Oracle pinned its disappointing results on the increased scrutiny its customers were applying to their investment spending, a potentially bearish sign for the economic outlook.
INVENTORY STILL BLOATED
While the inventory of unsold homes fell in November, market conditions are still troubled and analysts warned that a stream of foreclosed properties coming onto the market would likely keep prices under pressure.
The median sales price rose 2.1 percent from October, but was still down 3.5 percent from a year ago at $164,200.
Distressed properties, foreclosures and short sales which typically occur at deep discounts, accounted for 29 percent of sales last month, up from 28 percent in October.
The number of new foreclosures jumped by more than 21 percent in the third quarter as banks moved more aggressively after a pause that began late last year, a bank regulator said.
Last month, a third of pending existing home sales contracts were canceled, the NAR said. That was unchanged from October but way above the year-ago level of 9 percent, a suggestion that bank lending remains tight.
"We expect months' supply to head higher as inventory enters the market," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch. "With a sluggish economic recovery, low consumer confidence and tight credit conditions, it will be difficult to clear the excess inventory."
"There is still a bumpy road ahead for the housing market," she said.
(Additional reporting by David Clarke; Writing by Lucia Mutikani and Tim Ahmann; Editing by Neil Stempleman)
Home sales hint at recovery after deep slump
Wed Dec 21 19:05:39 UTC 2011
By Lucia Mutikani
WASHINGTON (Reuters) - Home sales rose in November, adding to hints of recovery, but updated data showed the housing crash was much deeper than previously thought.
The National Association of Realtors said on Wednesday that sales of previously owned homes increased 4 percent from October to an annual rate of 4.42 million units.
At November's sales pace, the 2.58 million unsold homes on the market represented a 7.0 month's supply, the lowest since February 2007 and a sign the backlog of inventory that has been weighing on the market was clearing.
The rise in sales and drop in inventory was the latest suggestion the housing sector, which triggered the 2007-09 recession, may be on the cusp of a recovery. Data on Tuesday showed housing starts scaled a 1-1/2 year high in November.
"The housing market is finding its bottom, and that will translate into more growth in GDP and less of a drag on consumer confidence," said Robert Dye, chief economist at Comerica in Dallas. "But we still have a long, long way to go."
The pickup in sales, however, is coming off a deeper trough.
NAR said it had overstated sales from 2007 through 2010 by 14.3 percent. Sales over that period averaged 4.42 million units a year, not 5.16 million, and they bottomed at a 3.30 million-unit pace in July 2010, rather than 3.86 million, underscoring the depth of the downturn.
The group blamed double-counting of properties, builders selling homes through real estate brokers and geographic population shifts as among the reasons for its mismeasurement.
RISKS ABOUND
A housing recovery could help underpin what already appears to be a quickening of U.S. economic growth. During normal times, economists estimate that one out of every eight jobs in the economy is generated by housing-related activity.
Lawrence Yun, the chief economist for the Realtors' group, said existing home sales for 2011 were expected to total 4.25 million units, up from 4.19 million units last year.
While the U.S. economy appears to be gathering strength, the global backdrop remains troubling with much of the world slowing down and Europe sliding into an almost certain recession.
In addition, lawmakers have yet to break an impasse over extending a payroll tax cut for 160 million U.S. workers that expires at year end. Economists have warned a failure to keep the tax cut in place could hit the economy hard.
Stocks on Wall Street were little moved by the housing data as persistent worries over the European debt crisis dominated sentiment. U.S. stock indexes fell as weak results from technology giant Oracle Corp
U.S. government debt prices also fell, while the dollar was up against the euro.
Oracle pinned its disappointing results on the increased scrutiny its customers were applying to their investment spending, a potentially bearish sign for the economic outlook.
INVENTORY STILL BLOATED
While the inventory of unsold homes fell in November, market conditions are still troubled and analysts warned that a stream of foreclosed properties coming onto the market would likely keep prices under pressure.
The median sales price rose 2.1 percent from October, but was still down 3.5 percent from a year ago at $164,200.
Distressed properties, foreclosures and short sales which typically occur at deep discounts, accounted for 29 percent of sales last month, up from 28 percent in October.
The number of new foreclosures jumped by more than 21 percent in the third quarter as banks moved more aggressively after a pause that began late last year, a bank regulator said.
Last month, a third of pending existing home sales contracts were canceled, the NAR said. That was unchanged from October but way above the year-ago level of 9 percent, a suggestion that bank lending remains tight.
"We expect months' supply to head higher as inventory enters the market," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch. "With a sluggish economic recovery, low consumer confidence and tight credit conditions, it will be difficult to clear the excess inventory."
"There is still a bumpy road ahead for the housing market," she said.
(Additional reporting by David Clarke; Writing by Lucia Mutikani and Tim Ahmann; Editing by Neil Stempleman)
Monday, November 28, 2011
Search Them All** WITH-OUT A SALESPERSON BUGGING YOU!!
Apollo Beach & ALL TAMPA,Tampa Bay including ST. PETE, CLEARWATER, FISHHAWK etc.. SEARCH THEM ALL***$$ AS Soon as a home hits the Market>>> Without an agent Bugging YOU!!.. JUST Click here, http://bonniefagoh.listingbook.com/ register and YOU HAVE All THE CONTROL AS IT SHOULD BE..
MILLIONS $$ Have been spent on this system to bring YOU the Customer the info You need to make an informed decision!! Not based on commission or deal of the week.... Have the properties in the zip codes you want with the price range YOU want sent to you the INSTANT they hit the Market!! {every morning with your coffee}.
Then call an agent that is full-time everyday staying up on the market and the training it takes to negotiate the best for you!! Not a cousin or wife's sisters friend that "has a license".... There are 4,000 agents that have a license In Tampa Bay.. You have to ask yourself... self how can there be 4,000 "licensed" agents in one area?? Are they all working full time and keeping up with the multitude of changes in banking, lending & new constantly changing government laws??
There are quite a few Big Giant firms that advertise during the super-bowl to strengthen their "BRAND"... well its a brave new world now. You have to be Sharp.. and keep up daily with trends in the market place... after-all buying a home is a big decision>>> so hire a Pro- to negotiate for you. Not someone to ride you around for days and thinks they can do this or that... If you are interested in the Tampa Bay Area: whether that is Clearwater, Clearwater Beach, St. Pete, Tampa, Apollo Beach, Fishhawk, Anna Maria Island, Davis Island, Long Boat Key, Siesta Key or even fabulous St. Armands circle to Orlando. I Am Applying for the Job
MILLIONS $$ Have been spent on this system to bring YOU the Customer the info You need to make an informed decision!! Not based on commission or deal of the week.... Have the properties in the zip codes you want with the price range YOU want sent to you the INSTANT they hit the Market!! {every morning with your coffee}.
Then call an agent that is full-time everyday staying up on the market and the training it takes to negotiate the best for you!! Not a cousin or wife's sisters friend that "has a license".... There are 4,000 agents that have a license In Tampa Bay.. You have to ask yourself... self how can there be 4,000 "licensed" agents in one area?? Are they all working full time and keeping up with the multitude of changes in banking, lending & new constantly changing government laws??
There are quite a few Big Giant firms that advertise during the super-bowl to strengthen their "BRAND"... well its a brave new world now. You have to be Sharp.. and keep up daily with trends in the market place... after-all buying a home is a big decision>>> so hire a Pro- to negotiate for you. Not someone to ride you around for days and thinks they can do this or that... If you are interested in the Tampa Bay Area: whether that is Clearwater, Clearwater Beach, St. Pete, Tampa, Apollo Beach, Fishhawk, Anna Maria Island, Davis Island, Long Boat Key, Siesta Key or even fabulous St. Armands circle to Orlando. I Am Applying for the Job
Get the up-to Minute Results YOU Need EXACTLY When It Hits the Market without a sales person Calling or Bugging YOU!!
Have you been thinking you might like to buy or sell real estate in the near future, but you are not quite ready to involve a Realtor? I HAVE A SOLUTION. Perhaps you are just curious about properties in a particular area and would like accurate info. Have you ever called about a listing you saw online only to find out it SOLD 6 months ago?! I HAVE A SOLUTION FOR THAT TOO!! And I am offering it FREE to you! It is a wonderful tool called Listing Book. Just click the link below, put in your criteria and you are “off and running”. The system will even send you Morning Reports with new listings that are a match for you. You can look at recent sales so you will get a good idea about values in an area of interest. You can even see what is pending under contract. All this without speaking to a Realtor (in case you don’t want anyone “bugging you” J). You just call me when you are ready to actually look at a listing in person, or when you are ready to list (or at least want to discuss it).
Click this link and fill in your name, etc under “Get a Free Account”. Enjoy with my compliments!
http://bonniefagoh.listingbook.com/
Look forward to meeting you when you are ready,
Bonnie Fagoh, Century 21 Beggins Enterprises cell (813) 390-7606
Click this link and fill in your name, etc under “Get a Free Account”. Enjoy with my compliments!
http://bonniefagoh.listingbook.com/
Look forward to meeting you when you are ready,
Bonnie Fagoh, Century 21 Beggins Enterprises cell (813) 390-7606
Sunday, November 20, 2011
Apollo Beach Homes Inventory Current SnapShot!!
Tampa Coastal Homes
Apollo Beach, Florida Inventory of Homes is Dwindling – Buy Today!
I have been watching the numbers of homes available in Apollo Beach for the last couple of years and they have been steadily declining. In the community of Covington Park in Apollo Beach there were over 130 homes for sale a couple of years ago. Today there are only 13! From Oct 4-Nov 4 2011 a total of 8 homes sold in the community, so that calculates out to less than 2 months of inventory remaining. Most of the 13 available are priced aggressively, but when they are gone simple “supply and demand” will tell you the prices will go up. You can currently buy a single family home for under $100,000 in Covington Park. The highest sale in the last 30 days was $168,000 and that was a pool home with 2565 sq ft and a 3 car garage! So this is much less than the price to build and you get the land for free. But as you can see, there are very few of these deals left. (One of my non-short sale listings will close the end of November and I was able to get almost $200,000 for my sellers.) Of course, many of these recent sales are short sales and if you go that route you will have to have some patience. If you don’t have the time and/or patience, we have many builders in the area offering brand new, fully warranted homes at tremendous prices. One of the many advantages to buying in the South Hillsborough County area is the availability of newly constructed homes. Don’t you just love that new home smell? And they often pay all your closing costs, offer free appliances, upgrades and you get to choose everything if you build from scratch. If time is a factor, many builders have inventory ready or near-ready for you to move into. And many of these homes have granite, stainless appliances, and tile in at least the “wet areas”.
So call Bonnie today at (813) 390-7606 to check out your options. With prices and financing as low as they are today you will be pleasantly surprised that your payments are less than rent!
Apollo Beach, Florida Inventory of Homes is Dwindling – Buy Today!
I have been watching the numbers of homes available in Apollo Beach for the last couple of years and they have been steadily declining. In the community of Covington Park in Apollo Beach there were over 130 homes for sale a couple of years ago. Today there are only 13! From Oct 4-Nov 4 2011 a total of 8 homes sold in the community, so that calculates out to less than 2 months of inventory remaining. Most of the 13 available are priced aggressively, but when they are gone simple “supply and demand” will tell you the prices will go up. You can currently buy a single family home for under $100,000 in Covington Park. The highest sale in the last 30 days was $168,000 and that was a pool home with 2565 sq ft and a 3 car garage! So this is much less than the price to build and you get the land for free. But as you can see, there are very few of these deals left. (One of my non-short sale listings will close the end of November and I was able to get almost $200,000 for my sellers.) Of course, many of these recent sales are short sales and if you go that route you will have to have some patience. If you don’t have the time and/or patience, we have many builders in the area offering brand new, fully warranted homes at tremendous prices. One of the many advantages to buying in the South Hillsborough County area is the availability of newly constructed homes. Don’t you just love that new home smell? And they often pay all your closing costs, offer free appliances, upgrades and you get to choose everything if you build from scratch. If time is a factor, many builders have inventory ready or near-ready for you to move into. And many of these homes have granite, stainless appliances, and tile in at least the “wet areas”.
So call Bonnie today at (813) 390-7606 to check out your options. With prices and financing as low as they are today you will be pleasantly surprised that your payments are less than rent!
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