The Real Estate Market In Tampa Is Still Going Strong
Yes buyers are more cautious & the government raised the interest rate last week. However, mortgage rates have stayed pretty consistent for the last 90 days and inventory levels are at a 2 months supply. For the market to shift from a seller's market to a balanced market, we would need to see inventory climb to a 5 months supply!
What does this mean to you? If you are thinking of selling and think you missed your opportunity, you haven’t!
There are still many buyers out there looking for a great property, but how you price your home is key to selling vs sitting.
I have some listings that went under contract in 1 to 2 weeks, some over asking, and all were priced according to the market.
Here are some of the current properties closing in the near future.
2403 S Ardson Pl Unit 501B (tSShis +55 condo was under contract in 2 days, over asking price).
2581 Windwood Dr Clearwater Estate Sale 2br/2ba/2car under contract in 10 days, full price!
8613 Herons Cove Pl “New Tampa” 4br/3ba pool home I found for some past clients. Under contract in 19 days, at full price.
818 Idlewood Ave Stunning $2MM Pool home 4 offers, 3 contracts the same month, but closing soon! Home appraised for more!
420 S Mantanzas Cute bungalow. I wrote 3 offers from different buyers, I had 2 contracts, but now we will close in 2 weeks. Appraisal $48,000 above sale price.
308 N Albany Ave (tear down build 2 townhomes or renovate) Now $399,900 Currently a few offers have been submitted.
If you are thinking of selling or buying, get the extra effort that you deserve from a Realtor with years of experience. Call Kevin at 727-410-8599.