Tom Burkett calls a bottom for Tampa Bay Real Estate

Tampa, Fl May 13, 2008.
From everthing I see, read and hear the Tampa Bay area real estate market hit bottom sometime between February and April of 2008. If you have been sitting on the fence and waiting to time the market and buy at the bottom, now is the least riskest time in over 10 years to buy a home. Read on:

Florida Realtors reported positive signs in their local housing markets during first quarter 2008, noting a slower rate of expansion for inventory levels and an increase in pending home sales in some areas. Another positive note: A total of 8,581 existing condos sold statewide during the quarter, up 8.3 percent over fourth quarter 2007. "If we look at what is happening month-over-month for 2008, it appears that the bottom may be here," says 2008 FAR President Chuck Bonfiglio. "We are now seeing more activity, more sales and even prices starting to rise in some markets."

Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-051308.cfm

Waterchase Real Estate Report for July 2007

As of 7/12/07 there are 52 Single Family homes for sale in Waterchase ranging from $329,900 for a 2046 sq.ft home to $1,149,900 for a 4929 sq.ft 4 bedroom 5 bath home. The avg. listing price per sq.ft is $208/sq.ft. down from $215 in May 2007 and the avg. days on market(DOM) is 100 down from 118 days in May 2007. So your avg. Waterchase home is 3,128 sq.ft in size and lists for $651,259 and is a 4/3/3. That amount is $32,643 less than the $683,302 avg. price back in May 2007 which is a decrease of 4.7%. Today, I will give you a run down on Mar Azul, Allicante and Savona. In the village of Mar Azul- There are currently 7 listings down from 8 in May 2007 and ranging from $869,900 for a 3737 sq.ft home to $1,149,900 for 4929 sq.ft. home with DOM currently at 119 down sharply from 141 in May 2007. The avg. house is listed at $249 sq.ft. down from $271 sq.ft. and has an avg. price of $949,628 which is down from $1,121,991 in March. Alicante - There are currently 6 listings which is down 1 from May 2007 and ranges from $719,900 for a 2993 sq.ft home to $949,500 for 3408 sq.ft. home with DOM 77 which is down from May's 80 DOM and listing for an avg. of $258 sq.ft. or an avg. price of $864,866. Savona - There are currently 7 listings which is unchanged from May 2007, ranging from $449,900 for a 2438 sq.ft home to $675,000 for a 3000 sq.ft. home with DOM currently at 73 down sharply from 159 DOM in May 2007 and listing for an avg. of $199 sq.ft. which is unchanged from May 2007. The Waterchase Community seems to be slightly favored toward a buyers market but is starting to firm up on the sellers side.

Waterchase Real Estate Report for 5/2007

As of 5/1/07 there are 52 Single Family homes for sale in Waterchase ranging from $379,900 for a 2135sq.ft home to $1,599,900 for a custom Marc Rutenberg home that is 4935 sq.ft. The avg. listing price per sq.ft is $215/sq.ft. down from $220 in March 2007 and the avg. days on market(DOM) is 118 up from 112 days in March 2007. So your avg. Waterchase home is 3,171 sq.ft in size and lists for $683,302and is a 4/3/3. That amount is $14,466 less than the $697,768 avg. price back in March 2007 which is a decrease of 2%. Today, I will give you a run down on Mar Azul, Allicante and Savona. Mar Azul- There are currently 8 listings down from 10 in March and ranging from $873,900 for a 3942 sq.ft home to $1,599,900for 4935 sq.ft. home with DOM currently at 141 up sharply from 108 in March. The avg. house in listed at $271 sq.ft. down from $281 sq.ft. and has an avg. price of $1,088,852 which is down from $1,121,991 in March. Alicante - There are currently 7 listings which is unchanged from March and ranges from $719,900 for a 2993 sq.ft home to $989,900 for 3932 sq.ft. home with DOM 80 which is up from March's 54 DOM and listing for an avg. of $253 sq.ft. or an avg. price of $870,215. Savona - There are currently 7 listings down from 10 in March 2007, ranging from $449,900 for a 2438 sq.ft home to $749,900 for a 3926 sq.ft. home with DOM currently at 159 up from the 115 DOM in March 2007 and listing for an avg. of $199 sq.ft. up slightly from $196 or an avg. price of $611,071. For more info about Tampa Bay area Real Estate.

Waterchase Community in Northwest Tampa, Fl

Waterchase Tampa, Fl. Waterchase is an award-winning Master Planned Community located in Northwest Tampa, Florida and is located right outside of the Westchase area. This is one of a few Tampa developments from Taylor Woodrow, the same group that brought us Grand Hampton in NE Tampa.
Tucked away on approximately 475 acres, Waterchase offers homes in seven distinct villages. The well-planned community features 633 family and estate homes as well as 132 townhomes on homesites ranging from 45x120 to 90x200 feet, creating a warm, inviting neigborhood where families can grow and memories grow eve stronger. As a designated telecommunity, every home in Waterchase comes with Brighthouse Basic Cable TV already on when you move in!
Waterchase's Additional recreation options include the child's playground, four lighted tennis courts, half and full basketball courts, resort style pool and a two- story water slide that makes a splash with kids of all ages. There is also an all-purpose athletic field and a fitness center attached to a 6,400 square foot Clubhouse with timeless Spanish, English and French architectural influences.
Waterchase homes for sale are built by some of the premier builders in Tampa, including Arthur Rutenberg Homes, Marc Rutenberg Homes, Nohl Crest, Ryland Homes, Taylor Woodrow and various others. Waterchase homes for sale also include townhomes and estate homes along with single-family homes reflecting Spanish, Ranch Hacienda and Craftsman style architecture. To learn more about Waterchase visit the Waterchase Home Owners Association's web site.
Waterchase is located just 1/2 mile north of Race Track Rd and Countryway Blvd. in Northwest Tampa.
If you are considering a move to Tampa you owe it to yourself to visit Waterchase and the Westchase area as part of your home tour. The Burkett Collection at Charles Rutenberg Realty has full time team members living in Waterchase to help you with your home search! To view Waterchase Listings please go to http://www.tomburkett.com.
Visit www.tomburkett.com, or visit my Tampa Real Estate Blog at http://insidetampabayrealestate.blogspot.com or homeruntampabay.com to learn more about the Tampa Bay area.