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Inventory Increase
August 2018 saw a +5.8% increase in Single family home inventory compared to August 2017. A welcome sign for buyers frustrated with lack of inventory. Inventory has been increasing incrementally since March '18.

Still a seller's market
While we have seen small, but consistent increases in inventory, there are still only 2.8 months supply of inventory on the market. 5.5 is the benchmark for a balanced market, with anything lower favoring sellers.

Slim pickings for investors
Foreclosures are down 24% year over year and short sales are down 40%. With less "deals" available, it can be difficult for inexperienced investors to enter the market.

Did you know?Low interest rates and aggressive easing programs fueled a massive run-up ...

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Median Sales Price
July's $240,000 median sales price for a single family home was about $15,000 higher than compared to July 2017. In July 2016, the median sales price was $200,500!

Unsustainable Rising?
"We haven’t seen those levels since 2008. "We don’t believe that’s sustainable at all over the long run." - Hillsborough County Administrator Mike Merrill when asked by TBO about rising property values.

Did you know?
Tampa was recently ranked as the 2nd best city in the US for first time homebuyers? St. Petersburg was not far behind coming in at 46th.

Did you know?Since 2014, Tampa Bay has added 4 "million dollar zip codes" (defined as a zip code in which 10 percent of homes are worth 1M). Downtown St pete (33701) and Beach ...

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Quick Sales Cycle
For June sales, the median time to sale(from listing to closing) was 67 days. 4 days quicker than June 2017 and the fastest median sale cycle for a month in over 5 years!

Consistent Inventory
In June 2017 there were 5,437 new single family home listings in Tampa Bay. 1 year later, the amount was 5,420. Don't expect this limited inventory to change any time soon

More Options for New buyers
When looking at inventory by current list price, $200,000-249,000 was the most populated bracket. That price range featured 1,879 listings as of June 2018, up 15% year-over-year. This is a welcome sign for new buyers frustrated at limited options in entry level price ranges.

Did you know?The Fed may raise rates TWICE more in 2018. (according...

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Across America, 40% of millennials who have recently bought a home now feel unhappy about their purchase. Here are 4 of the most common reasons for the discontent, and 4 ways to help ensure you won't feel the buyers remorse.

Reason 1: A third of those unhappy buyers were forced to tap into savings or retirement accounts to put together enough cash for their down payments

Solution: I often have a habit of putting my mind towards something and not stopping until I achieve it. While that can be great for some goals, it's not always the best practice. If you have a goal of home ownership but you are really stretching yourself financially it may be wise to reevaluate your plan. If you are able, look into borrowing some of that down payment mone...

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Are you considering selling your home? With a feverous seller's market ,and the aid of apps like Zillow, it's easy to think a home pretty much sells itself. While sellers currently have several great advantages at their disposal, here are 5 reasons why you still may want to seek the help of a real estate professional.

1. You are costing yourself money. There is a misconception that selling your home solo will help save you money. Research done in 2015 showed that for sale by owner (FSBO) homes sold for 16% less compared to agent assisted sales. While attempting to save money by cutting out an agent, a homeowner selling their own property may be sacrificing neighborhood market knowledge, marketing strategies and negotiating skills that an ...

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Active market
1.4 Billion dollars were spent on single family homes in the Tampa area in May, the highest month in 2018.

Climbing Prices
The median sale price for Tampa homes in May was almost $15,000 higher than May 2017.

Did you know?
Nationwide, there are 6.7 million job openings and just 6.4 million available workers to fill them, according to the Bureau of Labor Statistics, a first for the economy and a super-strong indicator. (CNBC)

Did you know?
Rents rose 2.3% across the U.S. in the 2nd quarter compared with 2017, the weakest annual increase since the 3rd quarter of 2010. If rents rise 2% annually, a $2,000/month rent will be over $3,600/month in 30 years

Did you know?
U.S.house prices are forecast to rise 4.3% in 2019 and 3.6% in 2020.

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Climbing Prices
April's median sale price for single family homes was $253,895. That amount is higher than any of the last 12 months, and nearly $20,000 higher than April 2017's median price.

Luxury market activity
There were over 850 sales of homes over $1,000,000 in April. This sales amount was a 27.8% year-over-year increase and the 1,477 new million dollar listings is a 19.2% yearly increase.

Quick sales cycles
Sales price to list price ratio continues to rise and days to contract decreases. In April, sellers received 96.6% of their list price and the median time to contract was 36 days.

Did you know?The average rate for a 30-year fixed-rate mortgage rose to 4.61% last week from 4.55% , according to Freddie Mac. According to the NAR a one ...

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Making difficult decisions As your child grows and develops over the years, difficult decisions can arise about how to help them best reach their potential. Should we move to a school that has a stronger athletic program? Should my child join and AAU or 7on7 team so he can face better competition? Do we look into a personal training program to help advance skills? In this regard, you often do not give yourself enough credit as a parent, you know your child better than anyone else. To this day, my Mom can tell by the tone of my voice or the look in my eye weather i'm genuinely happy or sad about something, or if I’m just trying to fake it. My Mom never played organized sports, but she knows what makes me happy. When our family moved...

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The Spring market
After relatively quiet sales volumes in January and February ($759M and $878M), March saw $1.2B spent on single family homes in Tampa Bay.

Low inventory
Just over 5,100 new listings appeared on the market in March 2018. A 10% drop year-over-year. The number of total listings on the market is 15% less than compared to last year at this time.

Difficulty finding "deals"
The number of distressed property sales(Foreclosure, REO, Short Sale) dropped by over 50% from march 2017, making it extremely difficult for inexperienced investors to enter the market.

Did you know?In 2016, a senior executive of Zillow (personally) purchased an estate in Los Angles for nearly $20 million, $1.6 million higher than the Zillow Zestimate." - The Rea...

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You want the best for your child, all parents do. You want them to have fun, grow as a player and person, learn the game, win, and possibly continue playing at a higher level. You want your child to have better opportunities than you did, and at times you may even want these things for your child more than they want it for themselves. As you try to harness your love and passion for your child’s life, you also realize you don't want to become that parent. To help you find the balance of wanting to be involved and trusting the process here are some reflections from my athletic journey, along with insights from my Mom and Dad.

The most important. First are foremost, playing football or any other sport, needs to be a fun experience. The...

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