Real Estate: A Choice in Lifestyle (Georgian Bay Cottage Real Estate)

(Georgian Bay Cottage Real Estate)
Whether you are looking to purchase a vacation home or a home that you can eventually retire to, Tampa Bay real estate is where you need to investigate. The fact is property values are increasing at a quick rate in Tampa Bay and if you are contemplating purchasing Tampa Bay real estate, the time could not be better for you to do so.(Georgian Bay Cottage Real Estate)

According to the National Association of Realtors, as of March of 2006, the median sales price for homes located in Tampa was $222,800. This was up by 3% from February and over $40,000 from last year, a 24% increase. While the sales dropped slightly, by approximately 26%, experts are not worried that the trend will continue. The fact is with the increasing prices, if anyone is thinking of purchasing Tampa Bay real estate, this is the time to do it.

The wide variety of Tampa Bay real estate that is available affords you the luxury of choosing the type of lifestyle you wish to have. If you prefer to purchase real estate in the South Tampa region, you’ll want to specifically make sure you take a look at David Island. Both residential and commercial real estate continues to thrive on these man-made islands in South Tampa. Whether you are looking for a luxurious condo or a three-bedroom single-family home with an in-ground pool, you’ll find it on Davis Island.

Another area of Tampa Bay real estate that you’ll want to consider is the Bayshore and Harbour Island region. This beautiful strip offers everything for the outdoor enthusiast and you’ll find many just enjoying the sunshine and the great views. On Bayshore Boulevard, you’ll find some of the most luxurious real estate in the Tampa Bay region. From a six-bedroom Mediterranean estate for just over 2.7 million or a more quaint ranch-style home for $475,000, the choices vary and the location is fabulous in this city that was nominated for the Best Place to Bike and the Best Place to Skate.

The fact is Tampa Bay real estate gives you many choices for the type of lifestyle you would like to enjoy. From the beach to restaurants of grandeur, the Tampa Bay region is the choice for many. When considering purchasing real estate in the Tampa Bay region, you’ll want to consider your options carefully. Almost anything you purchase in Tampa Bay real estate is bound to be a great investment, as well.

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Bay Area Real Estate- No Bubble Burst (Georgian Bay Cottage Real Estate)

(Georgian Bay Cottage Real Estate)

Oakland California real estate shot through the roof during the period from 2001 to 2005, with appreciation reaching 120% in some areas. Homes were routinely selling for 60-100k over asking price and more! It was not uncommon for a desirable property to fetch 30-40 offers. I remember one home in the Oakland Hills went for over 300k over asking price!

However that type of market by nature is not sustainable, and the current market is proof of that. Starting in early 05', us Realtors started seeing a noticeable slowdown in activity, which has continued to this day. The ironic thing is, prices are still high. They have taken a slight dip(approximately six percent) in the last year, but our median price is still around 500k.

There is much more opportunity for buyers right now, because there are plenty of homes on the market which means buyers have more choices and more negotiating power.

Sellers have had to come to the realization that they can't just get any price they want for their home, and the days of putting up a sign and the next day it's sold for 60k over asking price are OVER. Sellers have to do more to prep the home for sale now, and staging is much more common. The most important thing of course if price though. I don't care how nicely a home is staged, if it is not considered a value compared to the others in the area it WON'T SELL. This is, unless your home happens to have historical significance or is in an especially desirable area.

One example of an exception to the rule was a house that just closed last week in Piedmont. It had great square footage, (I personally viewed it on our office tour) but it was in need of a lot of TLC. The bonus was that it was in a particularly exclusive neighborhood in Piedmont and had been designed by a locally renowned architect. The agent also had contractors and interior designers at the open houses to help give buyers ideas. The home went on the market for $1.4 million, and ended up selling a few weeks later for over $1.7 million! Yes, 300k over asking price!

However the reality for most sellers of Oakland real estate today is that they need to price their home attractively and prepare the home for sale if they expect to get it sold.

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