Check out this newly remodeled 3/2 home that sits on just under 1.5 acres and boasts a 2400 sq ft metal building just outside of Fishhawk! In addition this property has privacy, as there are no neighboring homes.  Two separate entrances on Boyette Road so the shop and home can be accessed separately.  The home has been completely remodeled with permits.  New metal roof, exterior stucco and paint, spray in insulation, PTG Low E Windows, complete AC system, electrical wiring and panel, laminate flooring, bathrooms, kitchen, appliances, new plumbing throughout, hot water heater, well, water purification system, septic and drainfield.  The metal building is 30×80 giving 2400 sq ft of open shop space.  The ceilings are 17ft tall and there are three large 12×12 roll up doors, the floors are a polished concrete.  Skylights were installed when the building was built to provide natural light during the day. There is a separate apartment upstairs in the metal building that is 1 bed/ 1 bath, plus a half bath downstairs.  If you’ve been looking for a home that is located in great area with a shop that can house all the toys, you’ve found the one!  

The real estate market in Hillsborough County is one of the most competitive in the country at this time, but even this market continues to show signs of a slowdown.  That being said home prices are 20.6% higher than back in January!

Sold inventories have been steadily decreasing over the last 6 months and we’ve had a surge in new listings come on the market in May.  These two things have contributed to another monthly increase of 27% in active inventory.  We are still in an extreme sellers market with the month supply of homes finally not a few weeks worth of inventory!

If you have any real estate needs reach out! We would love to be of assistance!

This is the first sign that we’ve had that the real estate market is cooling for Hillsborough County. For the first time since June 2019 inventory levels have increased slightly! Now we’re still at a .8 month supply so we are a LONG way off from a balanced market of 6 months supply.

The average home prices are at a market high of $518,584 which is 24% higher than this time last year.  Homes are still going under contract quickly with an average time on market of 5 days.  We are just now entering the summer selling/buying season so it will be interesting to see how the market responds over the next couple months.  The Tampa Bay area is still experiencing tremendous growth from buyers moving into the market.  If inventories continue to rise then we will likely see a plateau or slight pull back in average sale prices.

 

Welcome to this meticulously maintained, well appointed home located on a premium Lakeview lot in Dover. Completely customized this home has exquisite details throughout. Including; tray ceilings, crown molding, travertine tile, and custom cabinetry. The entry way boasts wooden and rod iron statement doors and a clear view to the lanai and pool area. The interior features an open concept floor plan with the master bedroom, en suite and study/bedroom located on one side of the home for privacy. The kitchen is expansive and opens into the dining room and family room.The secondary bedrooms are spacious with ample closet space. There are two bathrooms located on this side of the home. The owner’s retreat and en suite features a dual head walk in shower, large soaker tub, dual vanities, a water closet, and walk-in closet. In addition, there is access to a concrete wall safe room/ storm shelter through the master closet. The outdoor space offers the best of florida living! Extra large pocket sliders open onto an over sized screen porch, custom pool and spa, and access to the pavered fire pit. The entire driveway and walkways feature pavers. The driveway is oversized perfect for any toys. Not to mention the huge 2000 sq ft air conditioned concrete block shop! Access to the lake is deeded and small water crafts are allowed. The entire property is irrigated, has St. Augstine grass, and mature landscaping. The entire property is fenced and the entry gate was installed in 2019 and adds another layer of privacy. The location allows for a quick commute between Tampa or Lakeland with easy access to I4 or I75. If you are looking for a unique property that meets everyone’s needs look no further!

 

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.

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!

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

 

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.

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.