Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 3, 2017

Forever Homes

One of the Pinard-Ramsey Team's biggest passions is finding FOREVER HOMES. Both for homeless pets and people looking for the perfect home to spend their forever in.

We support local animal rescues with every home sale as well as volunteering in shelters, adoption events and transporting overflow animals to safe foster homes, rescues and forever homes.

We were honored to sponsor the 2017 SPCA Tampa Bay Summer Camps along with our partner Jennifer Martinez at Guaranteed Rate Mortgage Company.

We have a full service team ready to locate your forever home, and are happy to help you find your new best friend to make it complete.

Visit: www.pinardramsey.com/buy-a-home or call us at (727) 490-8540.

Aug. 2, 2017

Study: Tampa in the top 10 best U.S. cities to flip homes

NEW YORK – Aug. 1, 2017

More than 126,000 U.S. homes were flipped last year – the highest rate since 2007, according to a study by WalletHub. The average gross profit on a single home flip? Nearly $63,000.

Overall, Florida metro areas ranked in the top 25 percent for home flipping, with only cities in South Florida ranked below 50 percent. Miami ranked lowest out of Florida metros for home flipping, but at No. 110 it still ranked better than about 25 percent of all U.S. metro areas.

WalletHub looked at three broad categories to create its "Best & Worst Places to Flip Houses" study:

  • Market Potential: ROI, purchase price, share of home flips, average days to flip and more
  • Renovation & Remodeling Costs: Average costs for kitchens, bathrooms, full homes and more
  • Quality of Life: Crime rates, schools, walkable park access, job growth and more

Tampa was the only Florida city to make the top 10, though Orlando followed closely behind at No. 16.

Florida ranking of top flipping metro areas out of 150 in U.S.

6. Tampa (Market potential 8; remodeling costs 19; quality of life: 66)

16. Orlando (Market potential 29; remodeling costs 23; quality of life: 70)

24. Pembroke Pines (Market potential 33; remodeling costs 63; quality of life: 25)

36. St. Petersburg (Market potential 6; remodeling costs 79; quality of life: 79)

51. Cape Coral (Market potential 98; remodeling costs 71; quality of life: 18)

55. Jacksonville (Market potential 14; remodeling costs 69; quality of life: 111)

58. Tallahassee (Market potential 42; remodeling costs 34; quality of life: 128)

69. Port St. Lucie (Market potential 83; remodeling costs 85; quality of life: 24)

84. Fort Lauderdale (Market potential 49; remodeling costs 58; quality of life: 134)

90. Hialeah (Market potential 24; remodeling costs 83; quality of life: 121)

110. Miami (Market potential 91; remodeling costs 87; quality of life: 116)

Florida cities also ranked in the top five in some of WalletHub's secondary reports. Orlando, for example, is third nationwide for the number of real estate agents per capita. Only Seattle and Atlanta have more.

Tampa (No. 2) and Orlando (No. 3) made the top five for the percentage of home flips. Only Memphis, Tenn., had more.

For a complete ranking of all 150 U.S. cities and more, visit WalletHub's website.

© 2017 Florida Realtors

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
July 8, 2017

Video Tour of Gorgeous Floral Villa Park Home

Video Tour of Gorgeous Floral Villa Park Home

CLICK HERE TO VIEW ALL OF THE DETAILS OR SCHEDULE A PRIVATE TOUR!

Welcome to 3600 11th Ave N. This unique 3 bedroom, 3 bathroom home is abounding with curb appeal and surrounded by mature oaks, and tropical landscaping. Attached 2 car garage with shower and circular driveway creates parking solutions, and the front of the home features a picturesque courtyard entry. As you walk through the stained glass front door you will feel at ease in this open concept that is spacious and full of natural light. Cathedral ceilings maximize the space and there is recessed lighting, large picture windows, and ceiling fans throughout. Foyer connects to a separate formal dining room or home office area. Ceramic tile in the living areas and carpet in the bedrooms.. Two large bedrooms with jack and jill bathroom that features beautiful vintage details. Escape the day in the oasis that is the incredible Master Suite, with steam shower, hot tub, sauna, walk-in glass shower, double vanities, bidet, walk-in closet and linen storage. Big open kitchen that features tons of cabinet space, lovely granite counters, built in desk, breakfast bar, and island. Perfect for entertaining or family cooking. Oversized living room with custom wood burning fireplace is open to the kitchen and family/game room. Both rooms boast sliding glass doors that lead out to the covered lanai surrounded by lush landscaping and fenced for privacy. This gem of a home is conveniently located close to downtown, I-275, and shopping. The neighborhood has a park nearby with a lake where you can feed the ducks. Do NOT miss!

CLICK HERE TO VIEW ALL OF THE DETAILS OR SCHEDULE A PRIVATE TOUR!

Call us today to schedule a private tour: (727) 490-8540.

Posted in Video Tours
June 27, 2017

Preparing your Home for Sale

Selling your home doesn′t just mean hiring a realtor to stick a sign out front. There are a lot of preparations you should make to ensure you get the best offer possible in the shortest time.

 

Now for some great news. We're here for you! With hundreds of home sales under our belts and a great team of real estate marketing experts, home repair & maintenance contractors, designers and stagers, we will guide you through the process and handle all of the details for you! We serve Tampa Bay and surrounding areas, and have a network of partners all over the world.

Call us today to talk about your needs and how we can help: (727) 432-6429

 

WONDERING HOW MUCH YOUR HOME IS WORTH?
CLICK HERE TO FIND OUT!

Posted in Helpful Hints
April 25, 2017

Video Tour of Gorgeous Pink Streets Home

CLICK HERE TO VIEW ALL OF THE DETAILS OR SCHEDULE A PRIVATE TOUR!

In St. Petersburg, there are the popular neighborhoods that folks who are moving from out-of-state flock to, and then there are the hidden gems that only the locals know about. The Pink Streets neighborhood is one of those gems discreetly tucked away at the southernmost tip of Pinellas Point. This quiet neighborhood features a 9-acre waterfront park looking at the Sunshine Skyway and sits under swaying live oak trees and shaded by towering pines. Architectural diversity is another key component of the Pink Streets and this funky, yet classy, eclectic home will be the icing on the cake. Gone is the 1980’s design and in with the hand-crafted cabinetry and open -airy flow. With a metal roof, beamed-ceilings a yard fit for an estate, this home is one you can grow into! If you are ready to venture out of the cookie-cutter mentality and add some spice to your lifestyle, do not overlook this home! Now for some of the details – vaulted ceilings, 4 large bedrooms and a downstairs 5th bedroom that is a fully functioning home office, 750 SF screened patio with outdoor pool table, the biggest back yard you have seen in St. Pete with swimming pool, hot tub and full pool bath. The master suite has double sinks, separate water closet, and the walk-in closet has a walk-in closet in it! Granite counter-tops and custom cabinetry in almost every room. Open & Airy this home is great for entertaining and large gatherings.

Call us today to schedule a private tour: (727) 432-6429.

Posted in Video Tours
March 1, 2017

Bark in the Park THIS SATURDAY

Bark in the Park THIS SATURDAY

We are so excited to be a vendor/sponsor of the 7th annual Bark in the Park event this Saturday, March 4th!! 

Looking to add a lovable dog to your family? Don’t shop, ADOPT!

Join us and SPCA Tampa Bay at Freedom Lake Park for a day of FREE fun filled activities including pet adoptions, pet vendors, K-9 demos, good food and more for the whole family! This event is FREE with FREE parking and hosted by the City of Pinellas Park, FL!

 

We will be out there with a photo booth to capture the excitement- Come say hi and give a rescue dog a forever home!??

Click HERE to get directions.

Nov. 18, 2016

Experience the Tampa Bay Area Through Everyday Pics

This blog started November 2016 and will be updated continuously with everyday pictures through the eyes of the Pinard-Ramsey team. Check back often to experience what it's like to live in paradise!

Oct. 28, 2016

Buying-vs-Renting-in Tampa-Fl-in-2016-you-won-t-believe-how-much-money-you-save

WOW! Just WOW! The Tampa Bay area has been on the list of places that make the decision to buy versus rent easy for several years, including last year when reports came out that it was 42% cheaper to buy vs renting in the Tampa Bay Area.

In the newly released Rent vs Buy report from the economists at Trulia, it is now 50% cheaper on average to buy in the Tampa Bay Area than to rent! As opposed to the national average of 37.7% (which is still pretty awesome).

One of the most important aspects that can't necessarily be quantified is when you buy a home with a fixed rate mortgage, you gain control, locking in your base monthly payment for the entire term. In contrast when you rent, your monthly payment increases by an average of 3-8% per year (based on the consumer price index). There are expenses that you can't lock in (whether you buy or rent) such as taxes, insurance and utilities, which is why I always recommend investing in a home that is under your current budget.

Now let's talk appreciation. Let me start with saying something that you might not expect from a real estate agent. You should NOT count on your home to be an financial investment tool. It is absolutely an investment in you and your family's peace of mind and lifestyle. It is also a great way to lock in low payments and eventually eliminate payments when your loan is paid off, saving you a ton of money. However unless you are renting out rooms, you are not likely to be generating monthly income. And although historically real estate has always increased in value over time, the housing market is cyclical and there is no guaranty that prices will be up when you want to sell. That said over the past year the bay area has seen roughly 10% appreciation and predictions are that we'll see at least 4% over the next year.

On that note, let's talk about investing in Tampa Bay real estate. With the huge gap between our rent rates and mortgage payments alone, it is a perfect storm for building MASSIVE Wealth! Add to the mix, the accelerated growth and amazing development in downtown Tampa and downtown St Pete, the influx of tech companies, and being one of the top tropical areas that people are moving to from all over the world; Wow what an opportunity!

Written by: Elijah G Ramsey III

Want to know what this means in your specific situation, or how you can take advantage of the current market? Call me at (727) 432-6429 to discuss your options.

Elijah Gardner Ramsey III
Associate Broker & Trainer
Pinard-Ramsey Real Estate
Keller WIlliams Realty St Pete
111 2nd Ave NE Suite 400
St Petersburg, FL 33701
elijah@elijahramsey.com

Data sources:
Elijah Ramsey III, Tampa Bay Times, Trulia, Zillow, National Association of REALTORS®

Want to know more about how these numbers are generated? Click here to see the full methodology used in these calculations.

 

 

Posted in Helpful Hints
Dec. 23, 2015

Dealing with Financing

Dealing with Financing

As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few tips for dealing with the dollar signs so that you can take down that “for sale” sign on your new home.

Get pre-approved. Sub-primes may be history, but you’ll probably still be shown homes you can’t actually afford. By getting pre-approved as a buyer, you can save yourself the grief of looking at houses you can’t afford. You can also put yourself in a better position to make a serious offer when you do find the right house. Unlike pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history. By doing a thorough analysis of your actual spending power, you’ll be less likely to get in over your head.

Choose your mortgage carefully. Used to be the emphasis when it came to mortgages was on paying them off as soon as possible. Today, the debt the average person will accumulate due to credit cards, student loans, etc. means it’s better to opt for the 30-year mortgage instead of the 15-year. This way, you have a lower monthly payment, with the option of paying an additional principal when money is good. Additionally, when picking a mortgage, you usually have the option of paying additional points (a portion of the interest that you pay at closing) in exchange for a lower interest rate. If you plan to stay in the house for a long time—and given the current real estate market, you should—taking the points will save you money.

Do your homework before bidding. Before you make an offer on a home, do some research on the sales trends of similar homes in the neighborhood with sites like Zillow. Consider especially sales of similar homes in the last three months. For instance, if homes have recently sold for 5 percent less than the asking price, your opening bid should probably be about 8 to 10 percent lower than what the seller is asking.

Posted in Helpful Hints