Countryway – Market Snapshot for Past 90 Days (Updated Automatically every 15 mins.)

 

Welcome to the Countryway Market Snapshot page!   

Below is a direct link from the MLS for Countryway sales data for the past 90 days..  The data is automatically updated every 15 minutes, so visit any time for updated information.

Link to Report: Countryway Seller Market Snapshot – Past 90 Days

We love providing data to homeowners!  If you would like similar information for any other neighborhood or for homes more comparable to your specific home, please send us your request via our Contact Us Page and we will send it to you by the next business day.  Please keep in mind that the more specific your request, the more meaningful the data will be to you.  👍🏻

Thank you for visiting and have a great day!  

 

Kitchell Group Staff

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The Kitchell Group is an award-winning team with almost 400 homes and $115M in volume sold.  We are a cohesive group of financially savvy, technologically strong Realtors and we use this knowledge to provide great advantage to our clients.  We cover 6 counties in Tampa Bay, including Hillsborough, Pinellas, Pasco, Manatee, Sarasota, Hernando and Polk.  We specialize in Florida new construction, Florida pool homes, Florida 55+ communities, Florida custom homes, Florida bungalows, Florida townhomes, Florida beachfront condos, Florida waterfront homes and more!  Because of our large number of transactions closed with homebuyers and home sellers, we have a vast amount of real estate knowledge to share with our clients to help them have one of the safest, lowest stress and financially educated experience around.  And we are nice and fun to boot.  We LOVE our clients and they often become family to us!  Let us welcome you into our family.  🙂

 

To Start Your Award-Winning Experience Contact Us Today at 813-693-1003

 

East Lake Woodlands – Market Snapshot for Past 90 Days (Updated Automatically every 15 mins.)

 

Welcome to the East Lake Woodlands Market Snapshot page for SFHs & Villas.   

Below is a direct link from the MLS for East Lake Woodlands sales data for the past 90 days for Single Family Homes and Villas..  The data is automatically updated every 15 minutes, so visit any time for updated information.

Link to Report (or click image above):  East Lake Woodlands Seller Market Snapshot (SFHs/Villas) – Past 90 Days    

If you would like similar information for any other neighborhood, please send us your request via our Contact Us Page and we will send it to you by the next business day.  Please keep in mind that the more specific your request, the more meaningful the data will be to you.

Thank you for visiting and have a great day!  

 

Kitchell Group Staff

____________________________________________________________________________________

The Kitchell Group is an award-winning team with almost 400 homes and $115M in volume sold.  We are a cohesive group of financially savvy, technologically strong Realtors and we use this knowledge to provide great advantage to our clients.  We cover 6 counties in Tampa Bay, including Hillsborough, Pinellas, Pasco, Manatee, Sarasota, Hernando and Polk.  We specialize in Florida new construction, Florida pool homes, Florida 55+ communities, Florida custom homes, Florida bungalows, Florida townhomes, Florida beachfront condos, Florida waterfront homes and more!  Because of our large number of transactions closed with homebuyers and home sellers, we have a vast amount of real estate knowledge to share with our clients to help them have one of the safest, lowest stress and financially educated experience around.  And we are nice and fun to boot.  We LOVE our clients and they often become family to us!  Let us welcome you into our family.  🙂

 

To Start Your Award-Winning Experience Contact Us Today at 813-693-1003

Top 10 Trends in 2021- What Florida Homebuyers Want

Greetings, Real Estate Fans (We love real estate, too!)!
  
See the infographic below, published by Florida Association of Realtors.  We are seeing many of these trends in our transactions – and have been for the past 6 months.  And – below are some of the top trends our team is seeing in Tampa Bay.  With our marketing-savvy team, we have hit many home runs by focusing on matching the best features of our clients’ homes to the current trends of Florida homebuyers.
  

Kitchell Group Top Trends

  • Pools – We are seeing increased premiums being paid for pools, with a differential of $30,000-50,000 being paid for homes with pools vs. homes without pools, up from $15,000 – $25,000 (depending on the quality of the pool).
  • Large Backyards – Preferably fully-fenced for personal privacy, pets and children.
  • Home Offices – If you have a home office in your home – or a space to easily/inexpensively convert to a home office (like an underutilized living room), you have an advantage.
  • Bonus Rooms – A place for kids (and adults!) to escape to for a movie, recreation or quiet time.
  • Proximity to Nature/Outdoor Activities – Places to escape today’s stresses for exercise, downtime and to make memories with friends and family.   
  • Newer Roofs –  Roof age dramatically impacts insurance premiums.  Insurance has increased 25-30% in the past year for homes with roofs older than 10 years.  We have worked around this for many seller clients with old roofs, but it’s getting tougher.  Also, scheduling contractors has become a real chore.  And costs have increased, as have completion times.
  • Updated Kitchens – People are cooking at home so much more.  And with limited contractor availability, increased material costs (and a stressed supply chain), upgrading kitchens is a daunting task right now.

The above list is everchanging, so feel free to reach out to us for the latest trends and ideas on how you can best market your home for the highest price.  We’re not just setting records prices in this tight market.  We’ve been doing it for many years now. 

Until next time, be healthy, make great memories, laugh often and spread kindness.

– Stacy Kitchell, Managing Broker

 

Courtesy of the Florida Association of Realtors ®

Should I Sell and Buy Now with These Low Interest Rates?

Isn’t the article below what many of us have been thinking?  I’ve been debating this with our clients for months now.   Are we at the top of the market?  Or will prices continue to rise and I will end up paying more for my new home if I buy 6 months from now and where will interest rates be at that point?  Aahhh… if only I had a crystal ball.

IMPACT FROM COVID

With COVID still in around, lifestyle needs/wants rapidly changing and Florida real estate becoming a hot commodity in recent months due to demand for outdoor space and lower income and real estate taxes, it’s truly hard for we Floridians to predict.  We are in unchartered waters.    

WHAT WE ARE SEEING IN OUR BUSINESS – RECORD VOLUME, CONTINUING ACTIVITY & GROWTH IN OUT-OF-STATE BUYERS

We closed 40% of our business in 2020 in the 4th quarter of last year (Oct-Dec).  And – the market is still moving, even in January (usually a quiet month).  We continue to put buyer clients under contract and we have several new listings activating, with new calls every week.  We just picked up a client from Alaska and have and are representing many buyer clients from New York,  Massachusetts, New Jersey, Michigan, Indiana.  We’ve had inquiries on our listings from many other states, including California.  My team and I continue to look for clues in our current deals and those of our fellow Realtors.  And – I am reading and listening to economic news on a daily basis.  

Read the article below, published in December.  Chances are, you, like many of our clients, have been thinking the same thoughts.

– Stacy Kitchell, Managing Broker

Courtesy of the Florida Association of Realtors ®

Realtor reviewing paperwork with a client outside a home

Joe Raedle / Getty Images

 

2021 Florida Real Estate Forecast

 

The following is a terrific article on the latest predictions for major Florida real estate markets.  Our team has experienced, first-hand, the incredible growth in activity – even is the past quarter.

WHAT YOU ARE READING IN THE NEWS IS HAPPENING

  • Not only did we close $5M in sales in the 4th quarter (typically a slower period), many of our buyer clients are originating from the Northeast U.S., Midwest and Great Plains.  We are also receiving offers on our listings from out-of-state buyers (mainly (Northeast/Midwest/some Southwest).  
  • COVID, high state income taxes/real estate taxes in other states – plus workers’ abilities to telecommute (possibly permanently in some cases) – is causing people to rethink where they want to live.   
  • Buyers are growing their home footprints to accommodate the additional space needed for both home office(s) and bonus spaces for families. 
  • Amenities are also a driving force.  Homes with private conservation views, pools, and acreage are in high demand and community outdoor amenities such as dog parks, walking paths and proximity to parks, water, boating and kayaking are especially attractive. 
  • Baby Boomers are moving down at a rapid pace and both smaller-to-medium sized single family homes and 55+ communities with low-maintenance villas are primary targets for them. 
  • Florida real estate checks a lot of these boxes and with our great weather, beaches/water and no state income taxes, all lenders, Realtors and appraisers we have talked with over the past 3 months are feeling the increase in demand.   
  • I believe that the above factors are a significant force behind the projected numbers below.

Read on for more on the anticipated growth of Florida real estate in 2021…

– Stacy Kitchell, Managing Broker

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Courtesy of the Florida Association of Realtors ®

DECEMBER 2, 2020

 

‘Tis the Season for Predictions: Realtor.com Is First

Economists predict a 5.7% U.S. price increase and 7% growth in sales, but a closer look at 9 Fla. metros finds varying predictions. They range from a projected 1.5% sales growth (4.3% price) in Cape Coral-Fort Myers to 11.6% sales growth (4.7% price) along the Space Coast.

ORLANDO, Fla. – What will the real estate market look like in 2021? In December, national economists start rolling out their predictions, with the first, realtor.com, publishing their expectations first.

Amid COVID-19 uncertainty, 2021 will be a robust sellers’ market for U.S. buyers as home prices hit new highs (+5.7%) and buyer competition remains strong, according to the realtor.com’s 2021 housing forecast.

Their economist expects inventory to make a slow yet steady comeback, providing buyers with some relief. However, increasing interest rates and prices will make affordability a challenge throughout the year.

“The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” says realtor.com Chief Economist, Danielle Hale. “Buyers may finally have a better selection of homes to choose from later in the year but will face a renewed challenge of affordability as prices stay high and mortgage rates rise. With less cash and no home equity, millennial and Gen Z first-time buyers will be impacted the most by rising home prices and interest rates. While waiting until the fall or winter months of 2021 may mean more home options to choose from, buyers who can find a home to buy earlier in the year will likely see lower prices and mortgage rates.”

Many of realtor.com’s predictions, however, assume the COVID-19 pandemic will be under control within the first half of the year.

Realtor.com’s 2021 housing market forecast

  • Mortgage Rates – Up to 3.4% by year end
  • Existing Home Median Price Appreciation – +5.7%
  • Existing Home Sales – +7.0%
  • Single-Family Home Housing Starts – Up 9%
  • Homeownership Rate – 65.9%

Realtor.com also provides a breakdown of predictions by metro area, and it varies for the nine Florida metro areas included – from a projected 1.5% sales growth (4.3% price growth) in Cape Coral-Fort Myers to 11.6% sales growth (4.7% price growth) in the Palm Bay-Melbourne-Titusville metro area.

2021 predictions for Florida markets

  • Cape Coral-Fort Myers: 1.5% growth in sales, 4.3% increase in prices
  • Deltona-Daytona Beach-Ormond Beach: 5.4% growth in sales, 6.3% increase in prices
  • Jacksonville: 9.4% growth in sales, 5.0% increase in prices
  • Lakeland-Winter Haven: 5.1% growth in sales, 4.9% increase in prices
  • Miami-Fort Lauderdale-West Palm Beach: 3.7% growth in sales, 7.1% increase in prices
  • North Port-Sarasota-Bradenton: 10.3% growth in sales, 6.6% increase in prices
  • Orlando-Kissimmee-Sanford: 10.1% growth in sales, 5.8% increase in prices
  • Palm Bay-Melbourne-Titusville: 11.6% growth in sales, 4.7% increase in prices
  • Tampa-St. Petersburg-Clearwater: 8.7% growth in sales, 7.5% increase in prices

What 2021 will be like for buyers?

Buyers will find some relief in 2021 as more homes hit the market, but many will struggle with affordability as home prices continue to rise. Mortgage rates will slowly rise toward 3.4% and no longer offset prices as much. The time it takes to sell a home will slow from the late 2020’s frenzy, the economists predict, but fast sales will remain in many parts of the country. It will also be more challenging than 2020 for first-time homebuyers.

What will 2021 be like for sellers?

Sellers will still hold the upper hand throughout 2021. Home prices won’t grow as fast as they did in 2020, but steady increases will continue to push them to new highs. Sellers who list can expect their home to sell relatively quickly in 2021. Many sellers who are also buyers should have their next home lined up before listing.

Forecast 2021 housing trends

  • Millennials will continue to drive the market while Gen-Z become market players. Older millennials will likely be trade-up buyers while the larger, younger segment of the generation age into their key home buying years. The oldest members of Gen-Z will turn 24 in 2021 and their impact on the market will only continue to grow from here.
  • Affordability will become a growing obstacle. Buyers in 2020 received a huge boost when mortgage rates pushed to new lows, but a lack of inventory and strong demand drove prices up, erasing most of that boost. Buyers will need to act with a sense of urgency if they want to lock in a low rate before home prices increase even more in 2021.
  • Inventory will begin the slow road toward recovery. A lack of for-sale homes has plagued the U.S. housing market for the last five years. The problem intensified in 2020, in large part due to an estimated shortfall of nearly 4 million newly constructed homes heading into the year, as well as sellers pulling back due to COVID-19. The number of homes for sale is expected to slowly rebound in 2021, but the road to recovery will be long because the market has to make up for multiple years of declines. While additional homes will hit the market in 2021, it won’t be enough to tip the scales in favor of buyers.
  • Suburbs will shine if remote work stays around. As COVID-19 lockdowns gripped many of the nation’s largest cities, it sparked intense buyer interest in suburban homes, further exaggerating a trend that had been slowly emerging over the last couple of years. The big question is what demand will look like once a coronavirus vaccine is widely available. If companies require workers to return to the office, demand may wane. Conversely, if companies commit long-term to remote work, demand for these homes could see an additional boost in 2021.

Wildcards that could shake things up in 2021

  • COVID-19: The deck is stacked with wildcards for 2021. The most impactful will be the U.S.’s ability to control and contain the spread of COVID-19 as well as distribute a vaccine. Additional lockdowns and quarantines could put a dent in housing inventory and sales, slowing the market and putting increased pressure on buyers. Conversely, if a vaccine is rolled out quickly, it could lead to better than expected sales and a strong increase for home prices and inventory.
  • Double dip recession: The possibility of a double dip recession is still in play for 2021. As the U.S. continues in a K-shape recovery, a gap is widening between those with and without jobs, as well as industries recovering well versus those seeing a continued lack of business. In the short term, this could lead to less consumer spending. In the long term, this could impact the U.S. housing market as “would-be” buyers disappear from the market, cooling demand and driving down home prices. The current question is how long the K-shape can diverge before the impact begins to cascade into the broader economy and other previously less-affected sectors such as housing.

© 2020 Florida Realtors®