Real Estate Market Conditions

March 2012 Lutz Real Estate Market Conditions

April 30, 2012

Now is the best time to buy a home. Prices and interest rates are at their lowest in years , and the selection is outstanding! In Lutz we have 227 active listings as of this post ranging from a $3,999,000 for a 6677 square foot Mansion to a $29,900 condo. Home prices are slightly higher.

There are 9 foreclosures offered for sale, and 66 short sales. 152 homes are traditional sales with no mortgage challenges and are ready to close in 30 days!

In the month of March home prices were slightly higher with 63 homes sold. We have approximately 3.9 months of inventory, making this a strong seller’s market. So you can see, we have past the bottom and now is the time to buy before the prices start to go up more.

I have been selling homes in this area for over 14 years, and I know the market well. Please call me if you have any questions at all.

Dee Smith, RE/MAX Premier Group 813-995-2322

December 2011 Lutz Real Estate Market Conditions

January 18, 2012

THE NUMBERS ARE IN FOR DECEMBER 2011

Lutz had 411 active listings, the median price listing was $147,616, and the average age was 97 days on the market. 75 listings sold, the median price was $145,400, and the average days on the market was 68.This tells us we have less than 5 months of inventory so it is a seller’s market. Of the 77 that sold, 38% were short sales, 13% were bank owned properties, and 49% were non- distressed properties.

October 2011 Lutz Real Estate Market Conditions

October 4, 2011

Now is the best time to buy a home. Prices and interest rates are at their lowest in years , and the selection is outstanding! In Lutz we have 353 active listings as of this post (10/4/11) ranging from a $2,100,000 Mansion to a $44,900 bungalow. Median price is $229,000. Home prices are stable. Todays rates are 30 Year fixed loans at 4%, and 15 year is at 3.5%.

There are 21 foreclosures offered for sale, and 85 short sales. 247 homes are traditional sales with no mortgage challenges and are ready to close in 30 days!

In the month of September home prices are stable with 54 homes sold. We have approximately7 months of inventory, making this a slight buyer’s market, still moving into a balanced market, and nearer to a seller’s market. So you can see, now is the time to buy before the prices start to go up.

I have been selling homes in this area for over 14 years, and I know the market well. Please call me if you have any questions at all.

Dee Smith, RE/MAX 813-995-2322