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

 

A Frank Moment

A Frank Moment with Frank Gregoire

Dec 1, 2011:

Tampa Bay is a happening place. You can see it in our sales statistics

The following sales numbers were derived from the Mid-Florida Realtor Multiple Listing Service and the Pinellas Realtor Organization and presented by Frank Gregoire of Gregoire & Gregoire Appraisers. Frank is a local real estate expert apprasier and offers up-to-date real estate statistics for the St. Petersburg and surrounding areas every Thursday at URBN Pitch.

Looking at the sales numbers for Thanksgiving week compared to Thanksgiving week the previous year.

• Last week there were 141 new listings versus 210 homes put on the market in 2010. That is a drop of 32% in home inventory!
• In the past week 55% were non-distressed (NOT a short-sale, pre-foreclosure, REO, bank-owned).
• Of the 45% that were distressed homes only 16 were bank-owned. Same week the previous year there were 66 bank-owned!

(Scott Samuels, who is a Realtor with KW St. Petersburg specializing in Bank-owned listings,  commented that there are new assignments coming up from the Banks and these will be new listings hitting the market in Jan 2012.)

• Right now in Pinellas County there are 6402 single family homes listed for sale, 36% of these are under contract or pending sale. This leaves  4080 homes that are not under contract – 2790 of which are non-distressed.
• Of the 3612 properties under contract – 72% of those are distressed.
• Last year there were 8881 sales, 46.6% of the sales were distressed.
• For the month of November 2011 there were 564 single family residential homes (SFR) sold– 46% were distressed.
• November 2011 there were 543 home sales (amazing looking at the decreased inventory). 43% of the sales were distressed.
• November 2010 median sales price 128,000
• November 2011 median sales price $115,000

Supply demand ratio provided by the Pinellas Realtor Organization.

• October 2011 there were 2.15 homes available per buyer
• October 2009 there were 5.95 homes available per buyer.

Want to hear up-to-date sales statistics for our local St. Petersburg and Pinellas county real estate market? Don’t miss URBN Pitch every Thursday in downtown St. Petersburg. You can also find us on Facebook.

 

June 30, 2011 – Realtor Pitches

Captain Tom Hallis of Coldwell Banker Residential has a new
listing at Parkshore Plaza. This is a front unit with amazing views of Tampa
Bay and the Vinoy Basin on the 20^th floor in downtown St.
Petersburg.  Priced at $1,225,000. Please
call Tom for additional information, 727-215-3156

Nelah Parker of Coldwell Banker Residential has a new
listing on Pinellas Point overlooking sunshine skyway. This magnificent waterfront
home is only 10 years old and has a 2500sf garage that will fit 7 cars! Not to
mention the 3bed, 3baths and amazing views! Whatch the dolphins play at the end
of the 85ft dock.  Priced at $725,000.
Located at 1000 Friendly Way S. Please give Nelah a call for showing
instructions 727-442-7000

Rex Gaugh of Keller Williams Realty St. Petersburg  has a new listing at 5500 Dr. MLK Jr. Str S. 3
bed/2ba/ pool home for only $109,900. Located just 2blks north of Bay Vista
Elementary school and this is NOT a SHORT SALE. Back on the market, owner
financing available. For more information please contact Rex at 727-434-2165

Tami Simms Powell of Alva International has a new rental
coming available at Bayfront Tower Condo on Beach Drive in downtown St.
Petersburg. Available mid-july and has 2 bedrooms plus a den for $3000 per
month. For more information contact Tami at (727) 898-2582

Brook Hefte of Re/Max Metro has a new listing in the Woodlawn
neighborhood. Located at 2320 14^th Star N this 2-story home has 3bed/2.5ba
and has tons of charm. There is also a detached 2 car garage, and unfinished
attic that could be an additional 700sf of living space. Priced at $275,000.
Please call Brooke for more information 727-452-7786

Catherine Bostian of Keller Williams Realty St. Petersburg
has a new listing at 2700 13^th Ave N. This is a bungalow with rental
apartment. Main house is a 2bed/1ba with finished attic, parquet floors on
corner lot t alley access, legal rental upstairs above storage-garage. Cute house
needs a little work.  415-6646

Brian Sprague with Keller Williams Realty has a new
commercial listing at the Crest Building on Central Ave. Office and retail
space ranging from $12-17/SF. For more information call Brian at 727-771-5017

Brian Sprague also has 2 condos coming available at the
historic Snell Arcade. Each is completely remodeled. Unit 230 is priced at $189,000
and Unit 240 is priced at $176,000

Price change:

Rex Gaugh of Keller Williams Realty has reduced the price of
528 26^th Ave S to $69,995. The home was built 2005 and could also be
a great investment property.  3/2 block
home with 1200SF. Call Rex for more information at 727-434-2165

602 43^rdAve Short sale, was approved but the deal fell apart. Bank Approved price of
75,000 3/2 with pool.  Will go FHA or VA.
Call Brooke Hefte, Re/Max Metro 727-452-7786

10351 199^th Street in Seminole 3bed/2ba home with
appx 1300SF and 2 car garage. Priced at $105,000 and is not a short sale. Seller
motivated. Priced aggressively.  Call
Brooke Hefte, Re/Max Metro 727-452-7786

Buyer needs:

Cindy McFerrin – Future home Realty –is looking for 4-plex
block income property, mobile home park,  cash flow positive or potential to be.

Success Stories:

Jeff Joyner, with Keller Williams Realty – thanks to everyone that came
out to the brokers open last week. More than 60 realtors previewed the
property, which resulted in 2 buyer who seem very interested. The Rahall Estate
4.64 acres in Broadwater looking onto Boca Ciega Bay.  Priced at 3,500,000. Could be an amazing
estate home or  redevelopment potential.

Sue Barber’s of Keller Williams Realty townhome listing has 3 offers on it!

Affiliates Events:

WCR – Women’s Council of Realtors representatives Jim
McConnell and Eve Sawicki discussed the upcoming  business resource meetings.  July  18^that
Pinellas Realtor Organization Joanne Sloan will teach a class on negotiating.
This one day class is $99, lunch included, and you can earn 7 continuing
education credits. The class also counts as credit for ABR and towards PMN
(Perfromance management network).

Andrew Deitch with Bank of America has an upcoming event.  Debra Jones ‘Street Savvy Selling’ will be on July
21^st and is a free event. The class will be from 9:30 – 1:30 at the
Marriott downtown Tampa. Please rsvp rosa.r.genao@bankofamerica

Don’t miss KW St. Pete’s First Friday Happy Hour! We kick off the City of St. Petersburg’s First Friday street party with a little 5:00 Happy Hour. This Friday we will be at Z Grille. Everyone is invited. Come prepared to have fun and eat some good food!

 

Our next URBN Pitch will be on Thursday July 7th. We meet on the first floor of Baywalk at 10:00 to share new listings, buyer needs, price changes and promote our upcoming open houses. Frank Gregoire, local expert appraiser, will discuss property values in the ‘pink streets’. Hope to see you there!

For more information about the URBN Pitch please contact the hosts:

Marcus Martin

Rachel Sartain

Abbie Lewin

 

Our First downtown URBN Pitch

 

The URBN Pitch, Your Realtor Business Network, launched with huge success this past Thursday, June 2^nd with Realtor and Brokers from Coldwell Banker Residential, RE/MAX Metro, Keller Williams Realty and affiliate business such as Mortgage, Title, Marketing and Waste Removal.

Frank Gregoire of Gregoire & Gregoire, a well known appraiser who specializes in the St. Petersburg area, presented some very valuable sales statistics from the most recent sales on Venetian Isles waterfront and Snell Isle waterfront.

Following the latest Standard’s and Poor/ Case-Schiller Home Price Index showed a decline of 4.2% in the first quarter of 2011, Frank shared some positive signs in our local real estate market.

Here are a few of the highlights for Venetian Isles neighborhood Waterfront Home Sales:

• 16 active listings priced from $400,000 – $1,799,000 with only 1 distressed property listing
• Only 1 distressed property (short-sale) equals only 6% of the active listings compared to the market average of 20-25% are distressed listings
• The median list price is $800,000
• In 2010 there were 25 sales ranging from $290,000 – $1,335,000 with a median sales price of $425,000. Six of these sales were distressed properties
• In the first quarter of 2011 there was only one sale in Venetian Isles.
• In the 2^nd quarter of 2011 there have been 13 closed waterfront sales leaving only a 6 month supply of inventory. A 6 month supply means a normalized market! The absorption rate for this year has been 4 homes/month!
• From June 2010 through December 2010 there were 11 sales with a median price of $425,000
• So far this year there have been 13 sales with the median sales price of $465,000

 

These numbers came from a recent appraisal Frank performed for an agent who was taking a new listing on Venetian Isles. The seller wanted to sell their home quickly and the agent recommended doing an appraisal prior putting the home on the market. The seller took their agents advice, had the appraisal done and sold the home after ONLY 2 DAYS AFTER RECEIVING 3 OFFERS!

Sales statistics were also shared for Snell Isle waterfront including Monterey blvd, Snell Isle Estates, Eden Isles and Brightwaters.

• Currently there are 26 active listings ranging from $325,000 – $11,500,000
• 4 properties are under contract
• Only 1 short sale listing at $1,200,000
• 20 sales in the past 12 months ranging $155,000 – $3,150,000 with the median price of $1,100,000
• The number of listings has dropped in the past 12 months and the median list price has actually increased.

 

Don’t miss this Thursday, June 9th URBN Pitch at 10:00 on the first floor of Baywalk. We will have representatives from Women’s Council of Realtors, Pinellas Realtor Organization and Young Professionals Network. Don’t miss this opportunity to pitch your new listings to some of the top agents in the area as well as promote your broker’s open houses, price changes and Buyers wants.

For More information about the URBN Pitch please contact the hosts:

Marcus Martin mmartin@showhomes.com

Rachel Sartain rtsartain@yahoo.com

Abbie Lewin abbie@compasslandandtitle.com

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