4th Quarter 2021 Real Estate Market Update for Hillsborough County

The inventory problem continues… There are just not enough homes for sale currently in Hillsborough County.  We ended the 4th Quarter with a total of 1274 homes for sale.  This is 34% lower than Q4 2020.  It is truly incredible and making this a very difficult market for home buyers.  The average sales price increased to $443,396 a 20.7% gain year over year.  If you have any questions or would like to discuss the market in more detail please reach out to one of our team members.

3rd Quarter 2021 Real Estate Market Update for Hillsborough County

And the sellers market continues… The closed volume is in line with last year at this time with 6184 total sales.  Inventory is incredibly low with just over 1800 homes currently for sale.  This represents a .9 months supply.  The lack of supply is driving prices up.  The average sales price is $433,692 for a single family home in Hillsborough County.  An increase of 18.6% compared to Q3 2020!

If you have any questions or would like to receive a market analysis for your property please reach out to one of our team members.  We would love to help out!

Insurance can be problematic for homes with Solar Panels

Solar Roof Florida Real Estate

As power prices continue to rise more and more people will be looking to add solar panels to their homes.  This was an interesting article posted by the Florida Realtors.  If you’re considering having solar installed on your home you should defiantly check with your insurance carrier prior to starting the project.  The line that stuck with me after reading the article was, “And when you start drilling holes in a roof, it’s problematic”

https://www.floridarealtors.org/news-media/news-articles/2021/11/buyers-may-face-hidden-costs-homes-solar-power?utm_campaign=11-3-2021+Florida+Realtors+News&utm_source=iPost&utm_medium=email

 

SOLD: 6109 Plover Meadow

Welcome to Encore! The unique (and completely built out) David Weekely 55+ community. This home is like brand-new without the wait! It has two bedrooms, two bathrooms, and a separate office or flex space. The kitchen, dining, and living areas are an open floor plan making entertaining a breeze. The kitchen features quartz countertops, 42-inch cabinets, and a walk-in pantry. The master bedroom is spacious with oversized windows letting in plenty of natural light. The en suite has a walk-in shower and a separate water closet. The bathroom features upgraded tile and dual vanity. The master closet is enormous! There is space for everything and a special built-in shelf designed for luggage storage. The back porch is extended and offers a peaceful escape to enjoy your morning coffee. Encore features resort-style amenities, including pickleball courts, bocci ball, a fitness center, a pool, and plenty of outdoor spaces to relax. There are fitnesses classes available to residents like water aerobics. Encore is located inside Fishhawk West and residents are able to enjoy all of the Fishhawk West amenities. Don’t forget to stop by the Oasis clubhouse and the Lakehouse during your showing!

 

SOLD: 514 Westbrook Ave, Brandon

RARE OPPORTUNITY!! Business Zoning with a CHARMING fully Renovated Residential Home. Located in the Heart of Brandon on a large corner lot on Bryan Rd and Westbrook Ave seconds from HWY 60 and Lithia Pinecrest. With this oversized lot with low taxes, business overlay, & no HOA or CDD you can run your business, build a pool, a workshop, store your boat, trailers & RV, plant a garden, or whatever you can dream of on this one of a kind property. This historic home feels brand new as you walk through the front door and notice the crisp AC from the new Central Heating and Air Conditioning system, brand new luxury vinyl flooring throughout, and fresh Sherwin Williams paint on the new drywall. Everything inside the home was COMPLETELY redone including the new energy efficient PGT windows, freshly painted exterior, and metal roof. The interior was gutted down to the studs, fully permitted & inspected, and rebuilt new: interior framing, subfloor, insulation, electrical, plumbing, HVAC, drywall, flooring, kitchen cabinets, appliances, tile, doors, trim, etc. This layout was designed with efficiency in mind with every square ft being utilized to give you all the amenities in a home you need with no wasted space. The kitchen features solid wood cabinetry, granite countertops, a range with a double oven, an in-kitchen dining area, and 3 large windows to let in natural light and overlook your spacious back yard. The newly installed underground electrical service and county water are rare to find on a house like this. Mature oak trees shade the property and an existing large concrete slab with electrical and plumbing hookups is located at the back of the property, perfect for a new workshop or metal building. Own a traditional, Florida historic home with none of the worries about the maintenance and surprises that typically come with it. Do not miss the chance to own this one of a kind property!

For more information call Mike Moran at 813-523-0216 or email at mike@capxre.com.

MARKET UPDATE: 2nd Quarter 2021

The real estate market is hot, sometimes seems as though that’s all anyone wants to talk about these days! Here’s a couple pieces of real estate news you might want to know before tailgate season begins.

Hillsborough county is in a serious sellers market. The new inventory coming onto the market has increased. However it is neck and neck with the demand currently and that is what is keeping our inventory levels ridiculously low. There are currently just over 1500 homes for sale in all of Hillsborough county.

Another interesting thing with our market is that the current cash sales has increased 164% when compared to the second quarter of 2020!

The time to contract is currently at five days.

The average sales price for the 2nd quarter of 2021 is $429,944, an increase of 26% when compared to last year.

SOLD: 6931 Potomac Cir, Riverview

 

Beautiful 3 bedroom 2 bath house located in the desirable Lake St. Charles community. This home features French Travertine tile throughout with laminate wood floors in the bedrooms. The kitchen and bathrooms have been updated with granite countertops and new cabinets. The master bath has dual sinks and a separate fully tiled shower and jacuzzi style garden tub. The kitchen is spacious, with stainless appliances and farm house sink. The home has an open floor plan and new plantation shutters. Both the front and backyard have lush mature landscaping and pavers have been added to the back patio. Lake St. Charles features miles of nature trails as well as community amenities such as; a swimming pool and tennis courts. This home is conveniently located to shopping and entertainment. There is also quick and easy access to I75, the Crosstown Expressway and I4. Don’t let this home slip away, call today for a private showing.

 

 

SOLD: 12200 1ST ST W, #101, TREASURE ISLAND, FL 33706

For Information contact Ryan Burley 813-478-1596 or ryan@capxre.com

You won’t be disappointed by this amazing 3 bedroom, 3.5 bath corner unit. It has recently undergone extensive renovations featuring new tile floors throughout, new paint, new appliances, new countertops, new plumbing fixtures, new door hardware, recently replaced HVAC units, and much more. This condo has amazing views of the Gulf of Mexico from nearly every room. Located in the sought after gated community of The Vittoria of Treasure Island, this 15 unit complex has plenty of guest parking. The 3762+ sq. ft unit. features an elegant private elevator entrance, circular foyer, and four large balconies. The open floor plan boasts a chef’s eat-in kitchen, granite countertops, breakfast bar, center island, top of the line refrigerator, wine refrigerator, oven, microwave, dishwasher, beautiful maple paneled cabinetry, reverse osmosis system, and large walk-in pantry. The kitchen area has a large balcony with views of intracoastal waterway. The large family room with crown molding has sliders that open to a balcony with room for dinning and relaxing. The Study/home office features beautiful built in desk and shelving. The oversized master bedroom w/sitting area has his/hers closets with new wardrobe organizers. The master bath features ample cabinet and counter space, granite countertops, custom lighting, and walk-in shower. The two large en-suite guest bedrooms have private balconies with views of the intracoastal waterway. The private 2-car garage has plenty of storage for all your beach supplies. The community amenities include a year-round heated pool, hot tub/spa, BBQ grill, 12 visitor parking spaces, and beach access.

SOLD: 12536 River Birch Dr, Riverview FL

Come see this beautiful 4 bedroom 3 bath home with a pool and 3 car garage! As you enter through the exquisitely detailed double doors, you will see a formal living room and dining room complete with wainscoting. Wood floors are throughout the home, with travertine tile in all wet and high traffic areas. The kitchen is upgraded with all stainless-steel appliances, large wood cabinets, granite countertops, a subway-style backsplash, an island, and a breakfast bar. There is also a dedicated eat-in space next to the kitchen. The family room features built-ins for all of your technology storage and media needs. The family room opens out to the outdoor living space through a series of French doors. The Owners retreat is large and has an attached en suite. The en suite is updated with granite countertops, a glass-enclosed shower, and a garden tub. The secondary bedrooms are connected with a Jack and Jill bathroom featuring a separate shower/tub combo/toilette area and a dual sink vanity. The third bedroom is next to the third bath, complete with a glass shower enclosure. The home also features a flex space with built-in shelving and a desk. In addition, the home has a pool under a large screen enclosure. The patio area is expansive, with plenty of room for outdoor entertaining. No detail has been spared in this immaculate home. Located conveniently in Riverglen, you are close to shopping, dining, and interstates for a quick commute. Don’t miss this one!

SOLD: 5110 Sylvan Oaks Dr, Valrico FL 33596

Welcome to this 4 bedroom 3 bath executive style home in the sought after area of Valrico. This home features a formal living room and dining room in the front attached to an expansive kitchen. The kitchen features all stainless-steel appliances, ample counter space, wood cabinetry, granite countertops, a subway tile backsplash, and an island. There is a dedicated eat-in area off of the kitchen. There are four large windows and a sliding glass door to the outdoor living areas in the family room, offering lots of natural light, creating an open feel, great for entertaining! The bedrooms are large, and the home offers a split floor plan. Two bedrooms are attached through a Jack and Jill bathroom with a shower tub combo. While the other bedroom has a dedicated bath with a shower tub combination. The Owners Retreat features a large bedroom with access to the outdoor living areas and an attached en suite. The en suite has a shower encloser, a garden tub, and dual vanities. In addition to the bedrooms, there is an office and a bonus room. Fantastic for hobbies or working from home! The outdoor areas offer the best of Florida living. There is a beautiful saltwater pool with a waterfall, spa, and sun shelf.  The entire area is covered under a screen enclosure and the deck is paved. The pavers extent outside of the lanai to offer space to enjoy the beautiful yard and mature landscaping. This home has a brand-new roof, replaced in 2019, new water heater replaced in 2021, and newer A/C units (2016) with a ten-year warranty. Located in gated community of Canterbury Oaks, you are close to everything but still feels secluded and private. Call today to schedule a showing!