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Tampa, FL Real Estate News

By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Hillsborough County single family homeowners can expect an average rate reduction of 18% on policies renewing after June 1, 2007.  The rate roll backs apply only to private insurance policies and not Citizens Property Insurance.  Homeowners insured with Citizens already saw an average reduction of 25% on January 1, 2007.  Additional information can be found at www.floir.com/HotTopics.htm .  Then click on Bill 1A Presumed Rating Factors Report --March 1, 2007*Subsequent to the blog post, the Tribune reported on March 16, 2007 that insurers cut rates, but "not as expected", reporting that statewide State Farm is proposing a 7% reduction, Nationwide a 4.5% reduction, Allstate Floridian a 14.2% reduction and Liberty Mutual a 8.7% reduction Source:  Tampa Tribune
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Grand Hampton, one of the newest communities in New Tampa features a guarded entrance, Clubhouse, resort style pool, and fitness center.  Seven homes sold in Grand Hampton in February.  The following information was provided by the multiple listing system of the Greater Tampa Association of Realtors.                                            Russ Perlowski::Selling homes in Tampa, Land O Lakes, and Wesley Chapel, Florida
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
The Greater Tampa Association of Realtors has released the following data for home sales in January, 2007 for the Greater Tampa Area.  Additionally, GTAR reports home sales for the month of January 2007 were down 33% from January of 2006.  Of course most people want to know what is going on in the home sales market now.  Statistics by our local association lag one month.  Colleagues of mine and I are seeing an improvement in market activity of late, but that is to be expected as we approach spring.                                                                                                             Russ Perlowski ::  Selling homes in Tampa, Wesley Chapel, and Land O Lakes, Florida
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Festa Italiana will be held in Ybor and will be celebrating its 10th anniversary from March 29 to April 1, 2007!                                                                           The Festa begins with a Wines of Italy tasting experience of over 80 Italian wines at the Italian Club of Tampa.  Tickets can be purchased by calling (813) 248-3316.On Saturday, March 31st festivities continue for the whole family.  Food, entertainment, and music!                                                    The Festa Italiana's 10th Anniversary will be held in Centennial Park, with food from caterers and restaurants.  Joe Piscopo will be the main event.  Other entertainment will be provided by the Italian Idol finalists, and music and dancers from Sicily.  Additionally, the Festa's Kidz Zone will...
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By Mario Levesque, Tampa Realtor
(Advantage Avenue Real Estate)
The Tampa Bay International Real Estate Council hosted its annual Meet and Greet last night.  Feb 27 2007.I attended the event and met many new people who also work in real estate in Tampa.  The food was incredible and the live Tropical band played some nice music throughout the evening.Arnold Martinez was there and brought some of his unique paintings.  Arnold is known for his paintings using a special medium of tobacco leaf extract and Cuban coffee.  He told me how he also painted some African animals from Busch Gardens using extracts from their beer products.  Arnold owns an art gallery in Ybor City.Please visit our schedule of events to attend our next get together.http://www.tbirec.org/calendar.aspCheers, MarioMario Levesque,Wesley Chapel Realtor , Broker AssociatePeople's Choice R...
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
The prestigious community of Tampa Palms is located in the southern portion of New Tampa.  It is just one of many communities in New Tampa including:  Cory Lake Isles, Arbor Greene, Hunter's Green, West Meadows, Richmond Place, Grand Hampton, Heritage Isles, Live Oak, and Pebble Creek.The following information is provided by information as reported in the MLS system for the Greater Tampa Association of Realtors on February 28th, 2007.  Homes Sold in Tampa Palms from 2/01/07 to 2/28/07(Reported on MLS)Sold PriceBedroomsBathsGar.Htd. Sq. Ft.Pool?Yr. Built $ 273,000 3222074No2002 $ 285,000 3222039No1994 $ 345,000 42.522328No1990 $ 385,000 4322711Yes1998 $ 471,500 53.533114No2006 $ 530,750 4433423Yes2001 $ 550,000 4333353Yes2000 $ 679,000 5333409Yes2006 $ 720,000 5333385Yes2006 $ 970,000 44...
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By Mario Levesque, Tampa Realtor
(Advantage Avenue Real Estate)
Visit our website to find out more about this beautiful development.  Live Oak Preserve in New Tampa Florida.The Live Oak Preserve Community in TampaYou will find information about the type of homes that are available, the price range, the list of ammenities, a description of the planned community, the schools in the area and maps showing the location in New Tampa.I will be happy to assist you in choosing a home in this community or others in the surrounding area.Mario Levesque,New Tampa Realtor, Broker AssociatePeople's Choice Realty Services,  Tampa, Florida cell:  813-857-6918fax: 866-252-9511Web: tampa homeWeb:  florida home for saleBlog: tampa realtorFriendly, professional services always
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By Lenny Gurvich
(Keller Williams Realty Tampa, Florida)
Not much to report this Friday regarding any changes in the state of the Tampa residential real estate market. The number of listings available for sale in Tampa increased slightly, along with an increase of the number of properties under contract pending a closing. Simply stated, demand has kept pace with supply over the last 7 days. However there is mostly an optimistic view from individuals in the business currently. I have spoken with lenders, Realtors, title agents and home inspectors over the last few days and all are reporting an increase in activity and all had a relatively positive outlook as compared to recent months. None of this holds water however until we see a corresponding change in hard data, which will lag behind any perceived increase in activity. Stay tuned.
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By New Tampa Property Management
(Rent New Tampa, Inc.)
I have been working with a lot of tenant prospects over the last couple of months. It is very important to note there are all sorts of "renters", as there sometimes seem to be as many reasons for renting as there are homes for rent. As a property manager in Tampa, I have come across these types of renters:Moving to the area, want to rent before buying (and are real buyer candidates)Moving to area and need to rent before buying (home under construction)Moving to the area and need to rent (not necessarily potential buyers)Sold their home locally and need to rentDon't like their current home and want a better place to rentNeed a bigger rental unitJust prefer rentingForced to move (Landlord sold, condo conversion, etc.)Students that need housingSeperation / DivorceThere are others as well.....
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Fiesta Day will be held in historic Ybor City on Saturday, February 24th from 10:00 a.m. to 6:00 p.m.This celebration of ethnic heritage and culture includes the International Parade of Flags.  Representative countries range from Argentina to Yugoslavia!                                                             Different entertainment includes street performers, Flamenco, the Rico Savor Orchestra, Pantera and Boricua, Capoeira, Cigar rolling at 11:00 a.m. (Gaspar's Grotto Stage on 7th Ave. between 18th and 19th St.).                                                                Flan Fest!  (11:00 to 4:00 p.m.) Enter your home made Flan into the contest, or participate in the flan eating contest that starts at 3:30 p.m.!                                                                 ...
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By Mario Levesque, Tampa Realtor
(Advantage Avenue Real Estate)
Click below to get more information about homes located in the Grand Hampton community in New Tampa Florida.Grand Hampton  CommunityI have included some information about the type of homes that will be available, the price range, the list of ammenities, a description of the planned community, the schools in the area and maps showing the location in New Tampa.Please contact me to schedule a visit to this wonderful community.Mario Levesque,wesley chapel realtor, Broker AssociatePeople's Choice Realty Services,  Tampa, Florida cell:  813-857-6918fax: 866-252-9511Web: tampa homeWeb:  tampa home for saleBlog:wesley chapel florida real estateFriendly, professional services always
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By New Tampa Property Management
(Rent New Tampa, Inc.)
The not so great secret in the housing markets with surplus inventory of homes for sale... turn sales listings into rental property until the market picks back up. Listing a home for rent and finding a tenant could be a great way to service customers that have not been able to sell, or need to move but fear they will not be able to sell. However, poor execution could cost you the customer you are trying to maintain and hurt your professional credibility. The following is meant as a guide, based on my own personal and professional experience, on the proper way to list a rental property. Please add comments if I miss something, so this can be as complete as possible.OK, the first step - be realistic with your expectations if you are considering placing the rental listing yourself. I can n...
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By Laurie Dykeman, PA, CLHMS, e-PRO, Accredited Staging Professional
(My Tampa Home Team)
If anyone of you have been following this project, you are aware that it has not been a smooth progression.  Trump Tower Tampa, the 52-story riverfront project located at 111 S. Ashley Drive in Tampa, has seen numerous setbacks.  Originally being developed by SimDag LLC, the project was acquired by Mirabilis Ventures, Inc., an Orlando based private equity firm, in November, 2006.  With this acquisition, came nearly $3.3 million in construction liens.  Insisting at that time that the project was still "alive and well", it has just been reported that Trump Tower Tampa is now being pursued for acquisition by The Related Group, a Miami-based developer who is building three Trump projects in South Florida.What does all of this mean?  Donald Trump has continuously expressed his frustration wi...
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By New Tampa Property Management
(Rent New Tampa, Inc.)
Until recently, long term real estate investors were the only ones using property managers, but recent years have changed the real estate market dramatically and this has turned many homeowners to the rental market, including: Investors that purchased a new home with the intent of flipping it Investors that fixed up an older home with the intent of flipping it Investors that purchased a condo conversion Homeowners that couldn't sell and are stuck with two mortgages Homeowners that need to relocate, but live in a market with surplus inventory This new breed of captive homeowners, many in middle class or higher communities, must now manage through an unintended situation of holding a property for a longer period of time then they would like. Most of these homeowners did not purchase using...
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
The prestigious community of Westchase is located near the Veteran's Expressway and close to the Tampa International Airport.  With a town center and a golf course this community also has some villages that are gated.  Recent single family home sales prices have ranged from $250,000 for a 3 bedroom, 2.5 bath home, with 2 car garage and 1,541 square feet to $790,000. for a 5 bedroom, 3.5 bath, 3 car garage home with 3,842 square feet.                                               For a Virtual Tour of Westchase, click on the photo below:                                       Russ Perlowski -- Tampa Real Estate Agent for Home Sales in Tampa, Wesley Chapel, and Pasco County.
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By Lenny Gurvich
(Keller Williams Realty Tampa, Florida)
As it usually does this time of year, the number of homes for sale in Tampa is on the rise. However, the difference between the number of homes on the market, and the number of homes under contract continues to swell as well. Many homes are being listed for sale currently as we begin to enter the busy spring and summer seasons in which home buyers are more active. The chart above clearly shows the trend of increasing supply (listings) and the trend of demand (pendings) remaining relatively flat. Browse Our Featured Listings Browse Tampa Homes & Condos For Sale Data used is from the Mid-Florida Regional MLS and does not include non-brokered Tampa homes for sale.
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Yesterday the Hillsborough County Commission unanimously passed a spending cap on "some" spending at the county level.  Had this been passed last year it could have reduced property taxes on a $200,000. homesteaded home by about $143.00.  The adjustable  cap will only pertain to the general fund budget and water and sewer services will not be included in the cap.Clearly motivated by taxpayer reactions to last year's tax bills, the commission took this unprecedented step knowing that work is underway at the state level to provide relief too.  Governor Crist has "fired" the property Tax Reform Committee formed by former Governor Bush in light of the fact that the committee was not planning on presenting its findings until December of this year.  Crist is proposing a doubling of the tax ex...
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By Jonathan Greene
(Team Greene Realty)
I'm a simple sort.  Born and raised in the South, I typically look at things in a black-and-white sort of perspective.  So, when I make the following observation, please regard it as having been colored by my simplicity (I'm not trying to be profound):You can't swing a dead cat in New Tampa without hitting 47 yuppie, starbucks drinking, SUV driving young couples looking for a dirt-cheap single family home.Not that it constitutes a problem for me.  I'll sell them all day long.  Commission is commission, right?  The problem for me lies in the fact that those communities are so much in demand that we are willing to cast aside our best judgement to approve the building of more and more of them.  Pasco County is approving new development at a pace that will surely result in nothing less than...
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
The 35th annual Sant ' Yago Illuminated Knight Parade will be held in Tampa on February 10th, 2007 beginning at 6:30 p.m. on Channelside Drive.  The parade will continue to 7th Avenue in Ybor City.  For more information on this parade of Spanish Knights, please visit their website.                               If you are in Ybor to view the parade, you will definitely enjoy the "nightlife" that Ybor has to offer as well.  Think about having dinner at the Columbia Restaurant too.  (Reservations would be advisable!)                   Let me know if you see Don Quijote and Sancho!
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Lately I have had some interesting contacts as a result from my blogs and Tampa Real Estate Website.  I maintain this blog and another that deals specifically with New Tampa & Wesley Chapel, Florida.  Sure, I get leads from people interested in buying or selling a home.  I also get the opportunity to communicate with other resources in the community who call me on occasion for my input.Previously I posted an article about my meeting with the reporters from the St. Pete Times that cover the New Tampa area. Since then I have been contacted by a firm looking for additional information about new commercial projects coming to New Tampa.Today, I had a call from an owner of several retail stores in the Tampa Bay area.  In this case I was asked my opinion of the timing of when to build a store ...
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