Downtown St. Petersburg Condo Sales statistics

Every week the top Realtors in the St. Petersburg real estate market place get together to discuss what is happening in our local real estate market. These business professionals sell listings before they have time to go into the Multiple Listing Service, MLS, and network to find the best business partners in the industry.

One of these partners is Frank Gregoire, a local expert real estate appraiser.

Thanks to Frank, these Realtors and industry professionals stay informed of actual sales statistics that impact property values in the St. Petersburg and beach areas.

This past week Frank focused on downtown St. Petersburg condominiums and this is what he found:

A frank moment

Looking at the Downtown St. Petersburg condominium market

According the Mid Florida Regional Multiple Listing Service as of Feb 16, 2012 there were only 76 active listings in downtown St. Petersburg for condos. Of these 22 are distressed, meaning short sale, pre-foreclosure or bank-owned.

In the last 12 months there were 130 sales in of downtown condos

The number of listings has remained constant over the past 6 months

The median sales price has increased by 7%in just the past quarter

Currently we have an 11 month supply of condominium listings in downtown St. Petersburg

The absorption rate is 9 units per month for all downtown condos

There are 36 active listings on Beach drive and downtown waterfront condo, including Vinoy, 400 Beach Drive, Parkshore Plaza, Bayfront Tower and Signature Place

8 of the 36 are under contract

Only 8% are offered under distressed conditions

In the past 12 months there were 58 sales reported by the Pinellas Multiple Listing Service

Frank did notice luxury condominiums priced over $1,000,000 are starting to come back on the market.

 

 

New Listings for Mid-Feb

Urbn pitch

Feb 16, 2012

Thank you to our Breakfast sponsor

Rick Griesheimer
727.394.29.42

http://www.insidehomesinc.com/

100% money back guarantee

Success stories

Lizette was featured in Paradise news listing 5 of their happiest clients. This article from last year accounted for an additional $15,000 in business the month following the run.

Ann Freistadt put her buyers under contract from pitching their buyer needs last week at URBN. Congrats Ann!

Kelly Fenton had a great success this past week from realizing her value and knowing when to draw the line with certain customers.

Marcus Martin had a success with one of his Showhomes home managers who wanted to purchase the home they were staging.

Steve Coderre has had great success working with the realtors here in URBN doing per-listing appraisals.

Lizette had a personal health challenge in the past few weeks and Vito Molfetto from Health Insurance of Florida came to her rescue. Thank you Vito!

New Listings:

Jackie Williams with Market Insights Realty has a new listing at Waterside at Coquina Key. 2/1 fully furnished with boat slip and a boat for only $149,000! A boat slip with a lift in this community sells for $40,000 so this is a steal of a deal!

John Mullaney has 2 new listings that are bank owned

1. Corner lot home in Kenwood for 127,000
2. 2bed /1bath home on 35th Ave NE just off 1st street also has guest cottage for only $200,000

Kelly Fenton has a new listing in Venetian Isles on Carolina Avenue NE. Not on the market yet. 4bed 3 bath home on the open water of Tampa Bay for $1,300,000

Rex Gaugh has 2 new listing

1. 7597 18th way north in Meadowlawn. This is a block construction home totally redone. Priced below the appraised value at $99,000
2. Large duplex lot in Clearwater off 150^th Ave and 64th street N for only $15,000
3. This one is back on the market at 7120 37th Ave N for only 114,900. It is a 3 bed and 2 bath home and is move- in ready

Price and Term Changes:

Valerie Yost has a great listing on Snell Isle overlooking Coffee Pot Bayou. The price of this great single story home on Monterey Blvd NE has been reduced to only $710,000

Buyer Needs:

Rex Gaugh is always looking for properties that need to be remodeled. Make sure to call Rex if you know a seller who needs to get rid of their ugly home quickly.

Zach Zehnder has 3 buyer needs:

1. Needs a 2/2 condo in McNulty Lofts around $350,000
2. Buyer looking for a Snell Isle waterfront home, prefers newer construction ( in the last 10 years), wants 4bedrooms and 4 bathrooms priced up to $1,500,000 and needs to have open water access to Tampa Bay.
3. Buyer looking for home in heart of Old NE with at least 1500sf and 1 car garage

To find out more information about these listings or how to join us for URBN Pitch please contact us at urbnpitch@gmail.com

 

 

Mortgage Do’s and Don’ts

Mortgage Do’s & Don’ts

• Don’t quit your job!
• Don’t switch banks or deposit large sums of cash during the loan process! ONE OF THE MOST COMMON ONES
• Don’t co-sign or take out any new loans, credit cards, etc.!
• Don’t let anyone pull your credit for any reason whatsoever! Once the loan is already in process
• Don’t forget to inform your loan officer about any changes financially or otherwise that may impact your ability to repay the mortgage during the loan process!
• Don’t commit loan fraud!
• Don’t move large amounts of monies or cash from one account to the other without discussing this with your Loan Officer or Processor first!
• Don’t pack away your financial information and other important information before you receive the clear to close from Integrity! VERY COMMON
• Don’t stop making your required loan, credit card, and other bills/payments after you apply for the mortgage!
• Don’t assume, ALWAYS check with your Loan Officer and/or Processor if you have a question with your loan documents or financial data!
• Don’t charge or increase your credit card balances during the loan process!
• Don’t pay off large amounts of credit card balances or bills without first discussing this with your Loan Officer!
• DON’T PURCHASE APPLIANCES ON YOUR CREDIT CARD OR ESTABLISH A NEW CREDIT ACCOUNT UNTIL YOU ACTUALLY HAVE THE HOME FIRST!!!! J

Gustavo E. Saballos

Sr. Mortgage Loan Originator

NMLS 433988

Cell: (727) 641-5958

Office: (727) 531-0000 ext 502

Fax: (727) 674-1828

13129 66th Street N (Prestige Place)

Largo, FL 33773

Gustavo@integrityfinancialservices.com

www.integrityfinancialservices.com

 

Frenzy of Sales Activity

URBN FEB 2, 2012

URBN Pitch is a place for Realtors and other professionals in the real estate industry to network, share ideas, and sale more properties. Each week the participants at URBN are growing their businesses through these great partnerships!

Carmen Triana of Sun Ketch Townhomes has had a Frenzy of Activity and sold a townhome directly related to sponsoring breakfast 2 weeks ago at URBN. Whoohoo!

A special Thank you to our WONDERFUL breakfast sponsors on this past Thursday! Thank you Elena Reed, Jackie McMahon and the newest member of their team, Linda Blanton! – Third Federal Savings & Loan

We’re Strong, Stable and Safe.

We’re Third Federal Savings and Loan. We’re known for our Guaranteed Lowest mortgage rates. We’re also the bank that doesn’t believe in putting customers at risk through questionable loan practices like sub-prime lending and zero-down mortgages.

As a conscientious lender, we simply believe that taking care of people, and putting them in the best position to achieve their dreams, is the best way for us to take care of our business. Without loyal customers, we wouldn’t be the lending leader that we are today. That’s why our customers will always be our first priority.

For more information contact:

Elena M Reed

 727.822.4331

Elena.Reed@thirdfederal.com

262 37th Ave N … St Petersburg FL 33704

New Listings:

Jackie Williams has condominiums for sale at Mandalay on 4th in NE St. Petersburg. Please call Jackie at 727 512 0148 if you have interest in seeing any of these condos for sale. Prices start as follows

• One bedrooms 159,900
• Two bedrooms 189,900

Rex Gaugh has 2 new listings – come see them before they go in to MLS

• Meadowlawn 3/1 with granite and stainless, block home, completely remodeled low 100s
• 4/2.5 townhome on the golfcourse in N.E. St. Petersburg, completely remodeled steps to Tampa Bay. Only $125,000
• South Pasadena location 6719 Burlington Ave N, block construction, $169,900, 3/2/1 + washer and dryer, move-in ready, done to the 9s
• 256 11^th Ave SW in Largo 4bed/2ba – absolutely perfect  107,000. Owner Financing available

Becky McConnell ‘channeled’ Eve Sawicki’s presentation skills

• New listing in Harshaw – great 3 bed, 2bath home for only $169,900 – stay tunned for her updated ‘sawicki’ performance
• 2 duplexes available on 64^th Street. Priced at $125,000. Great investment property, fully leased with each unit bringing in $750

Kelly McFrederick

• 3bed, 2bath with a pool has been reduced to $115,900
• Duplex reduced 297,500 located in Clearwater. Currently rented at $650 per unit

BUYER NEEDS:

Michael Pino Needs a home from $600,000 – $900,000 3/2 in St. Pete Beach. Single family home with at least 2000sf, waterfront – move-in ready

Kelly McFrederick 3-4 bedroom with den 500-800k – heart of Old Northeast 3000 sf

Becky McConnell 4/2 under 230,000, like to be updated home in Allendale or NE St. Pete area

 

A Frank Moment:

Each week Frank Gregoire, a local real estate expert appraiser, brings us the latest sales statistics for our local real estate market. This week the focus was on the Historic Old Northeast neigborhood in N.E. St. Petersburg.

Historic Old Northeast is defined as 5^th Ave N north to 30^th Ave N, 4^th Str N east to the Tampa Bay & Coffee Pot Bayou

Currently there are 47 listings in the Historic Old Northeast

• 27 of these homes are actively on the market
• 20 are pending contract
• 34% of the 47 listings are distressed listings (short sale or bank-owned)

 

Of the non-distressed properties in the Old Northeast, the median sales price for the past year is $319,000 and there have been 70 sales.

The distressed properties that have a median sales price of only $220,000. There have been 33 homes sold in past year, which is 30% less than a non-distressed home sales!

 

Don’t miss URBN Pitch every Thursday at 10:00. We are located on the first level at Baywalk in downtown St. Petersburg. Please join us! Our networking session is open to all!

 

 

A true Sawicki

Thank you Eve Sawicki for your outstanding pitch today at URBN

We love the creativity and enthusiasm you have for presenting your property listings.

 

Five eighty nine

it seems almost a crime

practically a give-away

 

four bedrooms, three baths

thirty-six hundred square feet

a pool

a birdcage

a lanai

it is SWEET!

 

Vaulted ceilings, lots of light

a kitchen to delight

And wait – up in a gable

a game room with pool table!

 

Call your customers – come and see

The premier community

Caya Costa – can’t be beat

The best kept secret in all St. Pete

Call Eve – it’ll be a TREAT!

 

Eve Sawicki, 813-786-9835, Keller Williams St. Pete, best brokerage in the city!!

 

 

Explosive Sales Network!

URBN Pith January 12, 2012

I met someone at the door of pitch this morning and she told me she got there early to ensure a seat! Good thing she did because we had a full house again this week! The word is out and this group of real estate professionals are selling homes!

Thank you Carmen Triana with SunKetch Townhomes a TaylorMorrison Community! She was our breakfast sponsor – and WOW! What a YUMMY BREAKFAST! Sunketch is located in the N.E. area of St. Petersburg on 49^th Ave and 1^st Street N- 6 new townhomes coming on the market. These homes are under construction with 2200+ sf  and are aggressively priced from $262,000 – 293,000 – wonderful upgrades of granite and stainless appliances with 3bed/2.5 bath with apartment above 2 car private garage. Full one year builder warranty

Success Stories: Good Karma with the new Moon

Charlene Dewitt and Brenda Kingdom have both sold the homes that they pitched to us just a few weeks ago! The Short Sale in Old SE now has a full priced offer and is under contract. She also has received a full price offer and is now under contract on her Gulfport waterfront home. Thank you Sonny Hotchkiss, Jeff Joyner, Chris Hounchell and Laney Pitt who gave great realtor feedback to help get this property sold.

Lori Famiglietti put her $895,000 listing under contract that she pitched last week.

Kristin Naruns with Northstar Realty has a ‘handy-man special’ listing. Marcus Martin of Showhomes stepped in and helped expedite the clean-up process. Now the property is getting offers and more activity.

New Listings:

Ryan Homes two new listings. Working with new builder who just came to the Seminole area. Ryan homes is the 5^th largest builder in the nation.  Hidden Bayou Community offers new villas and townhomes 2250SF and starting at $199,990 – that is only $80 per square foot for energy efficient new construction! WOW! That is SMOKIN HOT!

Sue Barber has new listing in the stellar location of Pinellas Point. Priced at only $175,000 you get this great 1700 SF split plan home with a beautiful backyard and lanai. Call Sue Barber for more information - 6636 Canton Street S in Pinellas Point area of St. Petersburg

Rob Barber has a Jungle Prada townhome with 4bed/3bath on the water. This property is new construction and is located on the Boca Ciega Bay with 3800 sf! This is an auction and the open bid is 550,000. Auction will be Feb 11^th 

Sonny Hotchkiss with Jeff Joyner and Associates has a new listing 1946 Oak Street NE 129,000 in Riveria bay. 2/1 mint condition. Coming soon 92^nd Ave NE 3/2 waterfront renovated with lift priced at $300,000.

Kathy Stange has a new home for sale at 1926 Pinellas Point drive. The home is priced at $224,000 and has 2 lots. 3 bedrooms and 2 baths. It is a Short Sale

Rex Gaugh has a new listing in Largo at 256 11^th Ave SW. this newly remodeled 4 bedroom 2 bath home has 1107sf and located on quiet dead-end street. This home is move-in ready and perfect for a first time home buyer for only $109,000.

Tammy Plummer has two new homes coming to the market

• St. Pete Beach 3 bedroom 2.5 bath home with separate in-law suite, new kitchen, tropical landscaping, walk to the beach for only $325,000. Great Beach home!
• Bayway Isles 4400 sf waterfront home w ith 4 bedrooms and 4 bathrooms. This is the original owner and has a great entertaining kitchen, priced at $975,000

Brook Hefte 3/2/2 with in ground pool, updated and new roof, huge florida room with wood burning fireplace. Move-in Ready. Listed at $179,900 1810 Copper Kettle Way in Dundedin

REMINDER: Don’t miss Georgia Naruns of Northstar on Feb 4 where she will be featured on HGTV’s House Hunters at 7:00pm

You can be part of this great real estate network session! We meet every Thursday at 10:00 a.m.

We are located at Baywalk (100 2nd Ave N) in downtown St. Petersburg

 

 

 

First URBN Pitch of 2012

Wow! We are starting the new year off with a big BANG! Today’s URBN pitch had over 50 real estate sales agents and business professionals from around Tampa Bay! These realtors are selling homes FAST!

Breakfast Sponsor Dave Ansel with VanDyk

Kirby, Georgia and Sally

Thank you Dave Ansel with VanDyk Mortgage who was our Breakfast Sponsor this morning.

Great success stories to close out 2011 and start of 2012 the right way!

New Listings:

Estelia Mesimer with Keller Williams Realty  

• Bayway Isles listing on a corner lot with pool and 2 car garage for only $389,900.
• condo available at Winston Park. This deluxe model is on ground floor with pool view. Sellers will sell furnished. Hardwood floors,  55+ condo for only $35,000. Beat the Northern Cold with this wonderful winter home.

Maddy Olster with Prudential Tropical

• 857 51^st Ave N with 3 bedroom & 1 bath, freshly remodeled for $105,500.
• Seminole home listed at 8556 93^rd Ave for only $95,900. This one is new inside with fresh paint and carpet. This 3 bed 1 bath home is Move-in ready with a nice big back yard.

Lori Famiglietti – Keller Williams Luxury

• 2006 Bayview .91 Acres in Tierra Verde Spanish style with 3000sf with 3 bed/3.5 bath with indoor pool for only 895K, 2 docks on the waterfront.
• 4301 44^th Street S – point lot with big wide water view over 100ft new seawall, oversized dock with lift, davits and yacht slip, new barrel tile roof for only $499,000! Hurry Estelia is eager to get this one sold for Lori TODAY!
• Gulf Blvd condo at in Sunset Beach 3/3 with elevator, deep water boat slip $499,000 with 3 decks and hot tub! HOA only $350/month

Lonnie Orns with Keller Williams Realty

• Isla Palms 11050 9^th Street E 4100 sf 4bed/4bath coming on the market this week for $1,065,000 200ft of open water and 3 car garage
• Condo on Gulf Blvd in Treasure Island with a gorgeous view of the beach 2600sf 3/3 coming soon for only $689,900

Kirby Meehan with Northstar Realty

• 119 45^th Ave NE has 1750 SF and backs up to Placido Bayou water. Pool home for  $449,000 Open this Sunday
• 8228 26^th Ave N freshly painted 3bed/2bath seller financing available
• 2158 Bayou Grande Blvd NE across from Mermaid Point. 2400 sf with pool on corner lot big private back yard

Don’t miss Georgia Naruns of Northstar on Feb 4 where she will be featured on HGTV’s House Hunters at 7:00pm

Rex Gaugh  with Keller Williams Realty

• 7108 15^th Street N 2/1 in Meadowlawn, move-in ready for $69,900
• 8700 54^th Street N in Pinellas Park 1460sf 4/1 block home move-in ready for only $88,000 bonus quonset hut in the back.

Carmen with SunKecth Townhomes 49^th Ave and 1^st Street N- 6 new townhomes coming on the market. Under construction with 2200+ sf 262-293K – wonderful upgrades of granite and stainless appliances with 3bed/2.5 bath with apartment above 2 car private garage. Full one year builder warranty

Karen Lucas with Keller Williams Realty has a new home on the market at 755 47^th Ave n 3bed/1 bath. This is a short sale for $48,000. Large fenced yard on nice street and centrally located.

Want to know more about URBN Pitch?

Contact Rachel Sartain at rtsartain@gmail.com or Marcus Martin at mmartin@showhomes.com

 

 

2011 blog in review

The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.

Here’s an excerpt:

A San Francisco cable car holds 60 people. This blog was viewed about 1,100 times in 2011. If it were a cable car, it would take about 18 trips to carry that many people.

Click here to see the complete report.

 

Mimosa Celebration

Tomorrow’s URBN Pitch is a Mimosa Celebration for the success we have had in 2011!

It is also a time for giving! Please bring a toy to help our Young Professionals Network with the Pinellas Realtor Organization. They are sponsoring Big Brothers & Big Sisters as well as the kids at All Childrens Hospital.

Your Realtor Business Network Pitch is every Thursday at 10:00 in downtown St. Petersburg on the first level of Baywalk. To find out more information contact one of the following:

Marcus Martin mmartin@showhomes.com

Rachel Sartain btle@kw.com

Abbie Lewin abbie@compasslandandtitle.com

 

12/8 Brokers Open Houses

Wow! Look at all of the Open Houses on Thursday! Lots of great properties to preview after URBN Pitch at 10:00

Venetian Isles/Bayou Grande/Harbor Isles 11:30 a.m. to 1:30 p.m.

1909 Illinois Ave. NE 3/2/2 Pool U7528879 Elizabeth Funk, Northstar Realty, Mexican Dip

2013 Illinois Ave. NE 3/2/2/ U7509956 Will Bartholomew, Northstar Realty, Desserts

5541 Bayou Grande Blvd. NE 3/2 pool U7530448, Anna Ramsey, Northstar Realty, Munchies

7235 16th Ct. NE 3/2/2 Pool on Lake U7531163, Nona Peebles, Charles Rutenburg, Chick Fil A

Jungle/Bay Pines 11:30 a.m. to 1:30 p.m.

1211 Russell Dr. N., 3/2/1, $239,500, Kathy Schulz, Equity Realty, Mediterranean Pasta Salad

1432 Robinson Dr. N., 3/2, $162,000, Sue Kane Carr, Charles Rutenburg, Wings

8135 33 Ave. N., 3 bed, $134,900, Cheryl Moorhouse, Hendry Realty, Deli Sandwiches

8334 42nd Ave. N., 3/2, $119,900, Brooke Hefte, Re/Max Metro, Pizza

9893 47th Ave. N., two bed, $79,900, Mary Butler, Realty Executives Adamo, Veggies/Fruit

9856 53rd Ave. N., 3/2/2 pool home, $189,900, Mary Butler, Realty Executives Adamo, Chicken Salad Sandwiches

10182 52nd Ave. N., two bed pool home, $135,900, Laura Harrison, Realty Executives Adamo, brownies

Burning Tree Circle/Seminole Noon to 2 p.m.

8667 Burning Tree Circle MLS#U7526138, 4/3, $489,000 Catherine DeLorenzo, Realty Executives Adamo

8607 Burning Tree Circle MLS#U7526019, 4/3, $585,000, Sandy Bozeman, Re/Max Metro

8602 Burning Tree Circle MLS#U7519771, 5/3, $545,000, Valerie Jarnberg, C21 RE Champions