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Palm Harbor, Florida

by Doug & Gwen Campbell at Sun Bay Associates

Palm Harbor, Florida is a terrific waterfront community close to beaches and showcases the Florida lifestyle.  There is the old Palm Harbor downtown area, with events like art festivals, food tastings and an annual Parrothead party.  The schools are excellent and the best beach in Florida, Honeymoon Island in Dunedin, is just a very short drive.  Palm Harbor has a PGA quality course, Copperhead at Innisbrook and many other quality golf courses.

There are several waterfront neighborhoods with direct access to the Gulf of Mexico for fishing, beaching or just cruising.

To learn more about the area and Palm Harbor in particular, click here http://www.sunbayassociates.com/Recommended-Links and you will find links to many other sources of information.

Pinellas and Pasco Counties Real Estate Sales

by Doug & Gwen Campbell at Sun Bay Associates

Despite all the doom and gloom over the real estate market, houses are selling in Pinellas and Pasco counties in Florida.  In Pinellas County, through June 26, there have been 3350 houses sold and there were also 1461 condos sold.

In Pasco County, FL, there have been 3232 houses sold and 220 condos sold in the same time frame.  It is necessary to keep in mind that Pinellas County is a vacation destination and has many more condos than does Pasco County.  Pinellas County has Clearwater Beach, Dunedin, Palm Harbor, Sand Key, Indian Rocks Beach among many other vacation destinations.

With the good news, there is also a little less than good news as well.  The median home values in Pinellas County fell in 2009 to $153,000 from $167,000 in 2008.  In Pasco County the median house values in 2009 fell to $135,000 from $155,000 in 2008.  Prices seem to be dropping much more slowly than in previous months, so this could be a sign that the recovery is not too far away.  As interest rates begin to rise and housing prices are not in freefall any longer, this could be a great time to invest in that beach home in the Tampa Bay area that you have been dreaming about.  There really is value in this market.

Clearwater Beach Open House

by Doug & Gwen Campbell at Sun Bay Associates

Today is a very short blog.  July 19, 2009 we are having an open house on Clearwater Beach at 881 Eldorado from 1 pm to 4 pm.  This is a great house in Clearwater Beach, one very short block off the beach.  It has over 3500 square feet for partying and reflects the terrific beach lifestyle that is available here in Tampa Bay.  If you happen to be in Clearwater on Sunday, July 19, stop in to take a look at a dream beach house.  Inside parking for six, a huge party room on the top level with room for a full sized pool table, ping pong table and it has a wet bar.  It has a fireplace on the main floor with an outside deck to watch the sunsets. 

If you are looking for the beach lifestyle here in Tampa Bay Florida, this could be the perfect beach house for you.

Where is the real estate market going?

by Doug & Gwen Campbell at Sun Bay Associates

Does anybody know where the bottom of the real estate market is?  According to the Wall Street Journal, it is not here yet.  The latest newsworthy drag on the real estate housing market is the subprime mortgage bonds that are now flooding the market at prices that are much lower than where many banks want to sell, according to the Wall Street Journal.

Many experts commeted that this is a bad omen for residential real estate market prices and homeowners trying to sell their homes.  The glut of the subprime instruments is even having an impact on homeowners who are trying to refinance their homes.  The very low prices for the subprime loans is putting heavy downward pressure on the value of homes in nearby neighborhoods, continuing to drag home selling prices even lower.  These subprime loans are having a negative impact on the federal government's efforts to stabilize the housing market, and thus the broader economy.

According to Karen Weaver, global head of securitization research at Deutsche Bank AG, the steepest losses are on subprime loans, were lenders generally are recovering only 26% of the original loan amount.  These prices continue to decline because investors won't buy these properties until they become attractive for investment.

Many regions across the country with the most depressed real estate prices are those same regions that only a few years ago experienced building frenzies and wild price increases, with no justification.  Experts feel that the currently depressed prices are a market correction from the recent price explosion and that eventually the real estate market, nationally as well as in the hardest hit areas, such as Tampa Bay and Las Vegas, will return to historical norms and resume slow and steady growth.

Displaying blog entries 1-4 of 4

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Photo of Gwen and  Doug Campbell - Sun Bay Realty Group Real Estate
Gwen and Doug Campbell - Sun Bay Realty Group
at Keller Williams Realty
30522 US Hwy 19N, Suite 107
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908