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Market Update – Real Estate

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Hello Tampa Bay:

Here is an interesting market update.  Prices have been going up, while inventory continues to go down.  It’s a great time to list a home.

In February 2015, 3,917 homes were sold in the Tampa Bay area with a median price of $145,000. This compares with 2,896 homes sold during the same period last year which translates into a 35% increase in the number of homes closed and a 10% rise in the median price (from $132,000 to $145,000). At the end of the month there were 16,561 homes for sale in the area; 24% of the available homes sold in the last month – this translates into an inventory of 4 months. There has been a 6% decrease in the number of homes available for sale from February 2014 to February 2015 (from 17,695 to 16,561).

Best regards,

Elegant Casas

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Should you refinance?

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Hello Tampa Bay:

A lot of people are refinancing their homes due to historically low interest rates.

The average rate for a 30-year fixed mortgage is currently only 3.9%.  If your current rate is over 4.5%, you have good credit, and have at least 20% equity – then it could be a great time to refinance.

Best regards,

Elegant Casas

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Merry Christmas, Tampa Bay

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snowman - tampa bay real estate

Spread Joy

This
Christmas
end a quarrel.
Seek out a forgotten
friend. Dismiss suspicion,
and replace it with trust.
Write a love letter. Share some
treasure. Give a soft answer. Keep
a promise. Find the time. Forgo a grudge.
Forgive an enemy. Listen. Apologize if you
were wrong. Try to understand. Examine your
demands on others. Think first of someone else. Be
Be kind; be gentle. Appreciate. Laugh a little. Laugh a
little more. Express your gratitude. Gladden the heart of a
child. Welcome a stranger. Take pleasure in the beauty and the
wonder of Earth.
Speak your love.
Speak it again.
Speak it yet
Once again.

MERRY CHRISTMAS, TAMPA BAY.

It’s Greek Month

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greek month 1 - tampa bay real estate

Hello Tampa Bay:

We’ll keep it short and sweet, but wanted to reach out!  It’s been a big summer for us.  We are constantly growing and evolving.

Recently discovered this amazing Greek restaurant, one of those rare finds of authentic, homemade cooking.  If you or someone you know has real estate needs, then let’s make a reservation to discuss real estate over some very enjoyable Greek food.

By the way, the name of the restaurant is Suvlucky Corner.  Top photo is their Moussaka, bottom is their lamb and orzo.

Best regards,

Elegant Casas

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greek month 2 - tampa bay real estate