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Autumn Woods, Palm Harbor a 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Autumn Woods in Palm Harbor is a charming community with lots of trees and a very park like setting.  The lots are large, many over one half acre.  And of course, the Palm Harbor schools are a benefit to living in Autumn Woods. 

For the most recent 30 day period, there are 4 houses in Autumn Woods listed for sale.  Three are "conventional" sales and one is a distressed property (bank owned or foreclosed).  The bank owned house needs a new roof, however, with the list price at $269,900 it is about $100,000 less than the conventional listings and is a wonderful opportunity to get a custom built executive home in the Autumn Woods community in Palm Harbor.  This house has only 39 days on market and may go under contract quickly. 

Sun Bay Associates offers free searches for specific neighborhoods or the entire greater Tampa Bay area.  For no obligation you can get lots of information to help you make informed real estate decisions.

The non-distressed properties are priced from $379,000 to $499,000.  The days on market for these three properties range from 38 to 125.  The average price per square foot for the houses listed for sale is $119.

There is one house under contract in Autumn Woods, at 3160 Autumn Drive and it is listed at $440,000 with only 13 days on market.  The very short time on market indicates that the market price was excellent and the market very quickly accepted the list price for this 3,507 square foot home.  The price per square foot is $125.

With interest rates beginning to creep up, and prices possibly about as low as they are going, with maybe a couple more percentage points before hitting rock bottom, now is the time to act.  Remember, for every 1% interest rates go up, that results in about 10% less purchasing power for a mortgage.  Waiting for prices to drop much more can in the long run be a very costly decision.

Happy House Hunting!

Indian Trails, Palm Harbor - a 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Indian Trails is a wonderful community in Palm Harbor with a lifestyle that is relaxed yet convenient to many amenities like excellent restaurants, great schools, shopping, public parks and the superior beaches of Pinellas County, such as Clearwater Beach, Honeymoon Island and Caladesi Island, to name just a very few.

Real estate sales activity in Indian Trails in the past month has been busy.  There are four houses listed for sale in this highly desirable Palm Harbor neighborhood.  Two are distressed property with one a bank owned house and the other is a short sale.  The list price ranges from $210,000 to $350,000 and the average list price is $276,225.  All are pool homes.  With a little TLC the bank owned home represents a terrific bargain to get into such a wonderful neighborhood.  The days on market range from 5 to 35, so all are really new to the real estate marketplace.

There are two houses under contract in Indian Trails.  Both are distressed property, short sales.  One is a pool home listed for $240,500 and is a pool home.  It has 129 days on market.  The other short sale is listed for $227,000 with only 5 days on market.  It is not a pool home, however is a home with over 3,100 square feet, 4 bedrooms and 2 and a half baths.  This is a great example of correctly pricing the home and it going under contract quickly.

For this last 30 day reporting period, one house in Indian Trails sold.  It was listed for $189,900 and sold for $190,000.  It is a pool home and was a distressed property, bank owned house.  This house, at 2437 Seneca Ct. was only on the market for 42 days before it went under contract.

For specific information on this or any neighborhood you are interested in, visit Sun Bay Associates Market Snapshot link and get up to the minute real estate sales activity, including active listings, recent sales and other pertinent information such as nearby schools, restaurants, churches, shopping and much more.

Happy House Hunting!!

Investor Alert, Dunedin Isles 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Investor Alert!! Here is today's 30 day real estate update for Dunedin Isles, Dunedin, FL.  There are a good number of opportunities for investors to capitalize on in today's real estate sales market with quality houses in the highly desirable Dunedin area.

For the latest 30 day period, there are 25 properties listed for sale in Dunedin Isles.  Of these, 2 are bank owned, or REO distressed property.  There are six distressed property short sales.  With the pressure on sales from distressed property, the list prices of houses that are not distressed are being held down by the distressed property listings.  This is an interesting scenario in this area for the investor to purchase potentially excellent investment properties.

The average list price of the listed houses is $400,272, with three houses at or above $1,000,000 and none of the three are distressed.  The prices drop from there to the next lowest list price of $499,999 and $450,000 then down to $257,000.  The list price range is from $3,995,000 to $52,500.  The average list price for the 25 houses for sale is $400,272.  The range for days on market is from 22 to 482, and the average days on market is 153.

There are 6 houses under contract in Dunedin Isles for this 30 day period.  Of these 6, 5 are distressed property.  One is an REO, or bank owned property.  The other 4 distressed properties are short sales.  The list price range for these under contract houses is $69,040 to $375,000 and the range for days on market is 9 to 60.

For this 30 day period, the real estate sales reflected only one closed transaction.

322 Rowena Ln., Dunedin, listed for $99,000 and sold for $92,250 after only 21 days on market.  This is a 1,104 square foot house with 3 bedrooms and a one car garage.

For sellers interested in information on distressed property, visit Sun Bay Associates' distressed property site for information on short sales, foreclosures, deed in lieu and other distressed property issues.  All this information is free with no obligation.

To get information on a specific neighborhood, visit Sun Bay Associates' Market Snapshot and get real time real estate sales information on the neighborhood of your choice.

To get information on real estate sales in the greater Tampa Bay area, visit Sun Bay Associates' FREE home search and create your own unique real estate search for the perfecthome or investment vehicle.

Happy House Hunting!!

Cobbs Landing, Palm Harbor - a 30 Day Real Estate Update and Investor Alert

by Doug & Gwen Campbell at Sun Bay Associates

Today's 30 day real estate sales update is for Cobbs Landing, Palm Harbor.  This is a community that the prudent investor might want to look at.  Currently there are 17 properties listed for sale in Cobbs Landing, seven of these are distressed property.  Three of the distressed property listings are bank owned, or REO and four of the distressed property listings are short sales.  The REO or bank owned property very often sell for below market prices, sometimes as little as 75% of the actual market value.  Two of the REO properties are condos and one is a single family home that is nearly 3,500 square feet, with a pool and 2 car garage, listed for less than $300,000.  This is truly a house an investor should consider, since it is listed for $35 a square foot less than what the latest sold houses went for in Cobbs Landing, in Palm Harbor. 

The average list price for condos at Bentley at Cobbs Landing is $115,500 and the average days on market is 83.  The average list price for the single family homes in Cobbs Landing, including the Groves, Estates at Cobbs Landing, Pinnacle an Sanctuary, is $383,185 and the average days on market is 218.

For this 30 day period, there are 8 properties under contract, and four of these are distressed property short sales.  The average list price for the two condos is $84,888.  One, listed for $89 per square foot had 388 days on market.  The second condo, listed for $59 per square foot had only 34 days on market.

Six single family homes went under contract in Cobbs Landing, Palm Harbor in the last 30 days, with an average list price per square foot of $115.50 and an average days on market of 100.

Two houses sold in the last 30 days in Cobbs Landing.  Neither one was a distressed property.

2995 Windridge Dr., listed for $299,000 and sold for $280,000 after only 68 days on market.  This is a 2,480 square foot home, with a pool, 2 car garage and 4 bedrooms.

3499 Woodridge Parkway listed for $375,000 and sold for $362,500 with zero days on market.  This is a 2,773 square foot home, with a pool and 5 bedrooms.

For information on a specific neighborhood, such as Bentley at Cobbs Landing, visit Sun Bay Associates' Market Snapshot and get real time data on real estate sales in the neighborhood of your choice.  For information on real estates sales in the greater Tampa Bay area, visit Sun Bay Associates' FREE home search, create your own unique search and find the perfect home.

If you are looking for information on distressed property, especially if you know someone who is behind on the mortgage and needs to gather information, visit Sun Bay Associates' distressed property site and get free reports that will help explain the difference between short sales, foreclosure, bank owned and REO property, deed in lieu of foreclosure and more.

Pointe Alexis, Tarpon Springs - a 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Today's 30 day real estate update is for Pointe Alexis South, Tarpon Springs.  Pointe Alexis is a community with a blend of single family homes and villas.  There is a heated community and spa, tennis courts, large clubhouse and a fitness center.  The beautiful beaches of Pinellas County are nearby, especially Howard Park with its sandy beach, grills, and stunning views of the Gulf of Mexico.

For the latest 30 day period, there are 8 houses being actively listed for sale, with one new listing in the last 30 days.  The prices range from $125,000 to $300,000 and the days on market range from 6 to 367.  The average price for the listed homes is $210,338 and the average days on market is 168.

Of these 8 houses, three are distressed property, short sales.   One, the least expensive is a single family home for $125,000 and it is an estate sale.  It has 56 days on market and is not a distressed property.

There are currently 5 homes under contract.  Of these 5, three are distressed property, two short sales and one is bank owned.  The bank owned house is a single family home, 1,462 square feet with a 2 car garage, is listed for $92,90 and has 132 days on market.

One house has sold in the last 30 days in Pointe Alexis, Tarpon Springs.  It is at;

988 Spinnaker Ct., Tarpon Springs, was listed for $149,995 and sold for $141,000 after 125 days on market.  It has 1,462 square feet, 3 bedrooms and 2 baths with a 2 car garage.

For information on a specific neighborhood, visit Sun Bay Associates' Market Snapshot and get real time real estate sales info for that area.

Should you want more general info on real estate sales activity in the greater Tampa Bay area, click on the dolphins and design your own unique real estate sales search for Tampa Bay homes.

For information on distressed property, including short sales and bank owned property, and the differences between doing a short sale or going to foreclosure, visit Sun Bay Associates' distressed property site for free reports.

Happy House Hunting!!

Indian Trails, Palm Harbor - 30 Day Real Estate Update

by Doug & Gwen Campbell at Sun Bay Associates

Here is the January 30 day real estate sales update for Indian Trails, Palm Harbor.  This is a terrific neighborhood in Palm Harbor, just off the Pinellas Trail, and has streets lined with big live oaks.  At Christmastime, Indian Trails has some of the finest holiday lights on the homes in all of Pinellas County and people come from miles around to cruise through this beautiful community to look at the festive decorations.

In the past 30 days, here is the real estate sales activity in Indian Trails.

One new listing, at 1401 Indian Trail South, listed at $216,000 and only 6 days on market.  This is a large house with 2404 square feet and a pool.  This is a distressed property, bank owned house.

Another listing in Indian Trails is 1300 Indian Trail South, listed for $244,900.  This is a distressed property, short sale.

Three houses are under contract in Indian Trails.

1429 Rolling Ridge Rd., listed for $240,500 with 129 days on market.  This is a home with 2,599 square feet, a pool and a 2 car garage.  This is a distressed property, short sale.

2437 Seneca Ct., listed for $189,900 and under contract after only 42 days on market.  This is a 2,279 square foot home wiht pool and 2 car garage.  This is a distressed property, bank owned house.

1392 Indian Trail North, listed for $227,000 and under contract after only 5 days on market.  This is a 3,136 square foot home, with a 2 car garage.  This is a distressed property, short sale.

For professional assistance to purchase a home in Indian Trails, please contact us, or a Certified Distressed Property Expert (CDPE) to ensure that you can navigate the complex process of securing a distressed property.

All the above houses are distressed property.  To learn more about distressed property, both for investment purposes or to get a home at below market price, visit Sun Bay Associates' distressed property site and get free reports on short sales and foreclosures and the differences between them.

For those who would like to learn more about the real estate sales in a specific neighborhood, visit Sun Bay Associates' Market Snapshot and get real time information on real estate sales in whatever specific neighborhood you care to research.

If you prefer to create your own real estate search for the greater Tampa Bay area, visit Sun Bay Associates' FREE home search and get real time information on real estate sale through the Tampa Bay area.

Foreclosures-Record New Highs

by Doug & Gwen Campbell at Sun Bay Associates

Recently, RealtyTrac, the leading online marketplace for foreclosure properties, in its April U.S. Foreclosure Market Report, said that foreclosure filings were at 342,038 properties in the US during the month of April.  One in every 374 U.S. housing units received a foreclosure filing in April, the highest monthly foreclosure rate posted since RealtyTrac began issuing it report in January 2005.

James Saccacio, CEO of RealtyTrac, said this April was slightly above the previous month, setting another record high.  Much of this activity is in the early stages of foreclosure, while bank repossessions, or REOs, were down to the lowest level since March 2008.  Mr. Saccacio suggested that this means the banks are beginning to initiate foreclosure on loans that had been delayed by legislative and industry moratoria.  It also means that later this year we can expect to see a spike in REOs as loans move through the foreclosure process in the next few months.

Unfortunately, Florida had a 37 percent month over month increase in foreclosure activity and this boosted the Florida foreclosure rate to the second highest among the states in April. One in every 135 Florida housing units received a foreclosure filing in April.  This is more than 2.7 times the national average.  The total Florida foreclosure activity is up 75 percent from April 2008.

Despite all the doom and gloom, this is definitely a buyer's market in Florida.  Mortgage rates are at record lows, for at least a generation, of as low as 4.75%.  There is the first time homebuyer tax credit of up to $8,000.  And there is a lot of housing available at very low prices.  The banks are lending to qualified buyers.  For first time homebuyers, there may never be a better time to buy the home that just two years ago seemed totally out of reach.

Displaying blog entries 1-7 of 7

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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 S
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908