SI Real Estate Tampa and The Beaches

We would like to wrap up the year by saying thank you to all of our friends, families, clients, followers and supporters. We would truly be nothing without you. SI Real Estate is honored to represent you through your real estate transactions in the past, present and future. 2012 has treated the real estate industry quite nicely and we hope that next year sees similar, if not more improvements to the market in which we are all involved in. We hope that you all stay safe through this holiday season. Whether you are visiting family and friends, remember the roads and airways will be busier than usual, so please exercise caution. Please keep all the less fortunate people in your thoughts and remember to be grateful of what you have and where you live. We have seen tragedies such as natural disasters to the East coast, innocent children’s lives taken and political / financial turmoil in foreign countries. 2012 also offered bright spots like amazing performances from the US Olympic te...

The real estate market has seen an abundance of activity in 2012, both positive and promising.  The local Tampa real estate market has shown significant growth since January.   It continues to point in the right direction. We started the year off hoping that the unemployment rate would continue to fall. To our benefit, it has fallen over 1.7% which is far better than the national average .  There were also predictions of an increase in new home construction stemming from depleted inventory resulting in a more balanced supply and demand curve. Jumping forward, September realized more new home starts than any month in the past four years!  Not only is this a strong indicator of builder confidence, which was the highest it has been in six years, but new home starts result in construction jobs created.  Economists from the Home Builder Group suggest that with each new home built, three additional jobs are created and about ninety thousand dollars...

SI Real Estate prides itself on first class personalized services that are second to none. Client’s needs and expectations are highest on our list of priorities and we do our best to exceed them at every opportunity. Our real estate professionals have extensive experience in the field and are equipped to handle any situation that may present itself through the selling process. We have sold homes that come in all shapes and sizes and will not be satisfied until the job is done and YOU are happy. So you ask yourself, why sell my home now?  While many consumers are still may be sitting on the fence, others are getting reconnected with the changing real estate market. One reason we encourage home owners to list with SI Real Estate now is because of the limited housing inventory available. Inventory in our local Tampa, Florida market has dipped 23% from levels of one year ago!  A healthy real estate market should have six months of property inventory available. The avera...

Feature Property of the Week Come home and enjoy this community of newly constructed homes which are conveniently located in Tampa Bay. This community provides the perfect blend of amenities such as resort style pools, playgrounds, and wetland preserves and is conveniently located only 10 miles from the downtown Tampa business district. If you are looking for a luxurious home with space to grow and stretch, look no further. Upon entering the home, you are treated to a flex room which would be great for office space or a play room. The kitchen and living area provide great open space for a large gatherings or relaxing with family and friends. The kitchen boasts stainless steel appliances and a sizeable dining space. The double sinks are conveniently located in the kitchen island providing ample counter space. The laundry room and guest bathroom; also located on the first floor. The only bedroom downstairs is the huge master suite. Never worry about counter space in the maste...

A recent report by Florida Realtors reports that Florida’s pending sales, median home price and closed sales all increased in the month of October . Real estate closings for existing home sales were up 25.3% from a year ago and totaled 17,779 transactions. Florida boasted a median sales price for existing homes of $184,300 in September which is up 11.4% from this time last year, according to the National Association of Realtors. This is actually higher than the national average.   The President of Florida Realtors, Summer Greene, reported that the state’s unemployment rate fell to the lowest it has been in four years! This coupled with the increases in pending homes sales, closings and prices will bring an even brighter outlook to the real estate market in Florida. Condo sales saw a year over increase of 16.4% and a median price of $107,000, which is also up 20.2% from a year ago.   On a national level, housing starts experienced a 3.6% uptick as well, reported by th...

Both home sales and home prices saw positive annual growth during the third quarter according to the last report published by the National Association of Realtors. The national median existing home price rose 7.6% from a year ago. This is significant because it represents the highest increase we have seen in any quarter since 2006. At a local level, real estate in Tampa, Florida we saw an increase of 14.3% in median home sales price compared to a year ago. Tampa, Florida also posted a 7.6% increase in the National Association of Home Builders “Improving Markets Index” which identifies areas that have improved from the low point of the downturn.   This is the third consecutive month Florida metropolitan cities showed a gain, but what’s even more encouraging is that this also represents an even larger improvement when looking at the number of cities that posted a gain this time last year. CoreLogic recently reported that the third quarter brought about the most building permi...

Tampa’s premier home builder, Standard Pacific has recently published an article that sheds light on market conditions and trends in our area. The article is based on a report done by Barclays Capital that forecasts home prices rising as much as 5% – 7.5%! The article also reveals some significant factors that are pushing home prices in an upward direction and how this is being done in two different types of markets. It gives an interesting look into the prime “A and B” markets, and also tells why the “C, D and F” locations will soon become more desirable. On a local level, we are seeing this first hand. New homes in New Tampa are in higher demand than previous years and inventory is quite scarce. We are constantly in multiple offer situations and sometimes loosing the bidding war due to home buyers submitting low ball offers that do not hold up. Standard Pacific has a great presence in the New Tampa area and will soon run out of homes to sell. Don’t miss out on a home of your ...