Insights

JOSEPH-LEWKOWICZ, AUGUST-2019, 1

Sale Comparison for Northwest Hillsborough (August 2019)

Home sales in Northwest Hillsborough remain steady, with sales in July slightly higher than in June. There were more homes closed in June of 2018 than any of the other months. The median price for the entire area has increased by $25,000 from July 2018 to July 2019, and the number of days on the market remains the same for both years.

Included in this month’s sale comparison is a breakdown of inventory levels in various price ranges. Months of inventory is a measure used by relocation companies and real estate analysts to determine the state of the market. A lower price range means there is a higher turnover.

Many analysts note that a four to six month level of inventory is a balanced market and is neither buyer or seller oriented. Under four months of inventory is a very strong seller market, such as the below $400,000 range in this report. Above six months of inventory, the market is more buyer dominant and pricing needs to be stronger to make a sale. The overall market is mostly seller-oriented with the upper end being less friendly to sellers than buyers. The strength of the market has to be looked at compared to past months. Several months ago, the inventory level of homes below $200,000 was only two month’s supply of homes for sale.

Many factors affect the market and the demand for homes. With interest rates at their lowest point in years, the market has remained strong, which still makes it a good time to buy. With a ¼% drop in the mortgage rate, a buyer can afford approximately a 3% more valuable home. Fannie Mae mortgage rates were 4.4% in January, compared to 3.6% as of today. With this .8% drop in rates, a buyer that could only afford a $300,000 mortgage in January can now afford a $330,000 mortgage. This creates a huge difference in buying power.

The market should remain steady for the rest of the year with the potential for interest to drop just a little, but this is hard to predict. I encourage buyers who have been looking for a home to take advantage of these low interest rates while we have them.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

JOE-LEWKOWICZ, JULY-MARKET-ANALYSIS, BLOG, 1

Sale Comparison for Northwest Hillsborough (July 2019)

The defined area is Busch Blvd to the south, State Road 54 to the north, Livingston to the east, and Pinellas county line to the west; neighborhoods include Westchase, Cheval, Carrollwood, Carrollwood Village, and Northdale.

There were 429 single-family homes sold in June of 2019 and decreased from 2018 with 458 sales. Median sales prices increased by $5,000 to $330,000 from $325,000 the year before. There was a drop in closed sales from May with 486 closings to June with 429 closings, an 11% decrease in sales. However, closings were stronger in June than in April. In years past, I have often seen May with more closed sales than June. New construction closings were flat from 2018 to 2019, with 42 closings in both years. The median cost per sq. ft in June is $153/ft. As always, I recommend that cost per sq. ft. only be used as a guideline, as many other factors can determine the actual value of a property.

Average days to a contract are very low for the area, with median days being 18 to receive a contract. Foreclosures and short sales remained an insignificant number of sales with 12 foreclosed sales and only 2 short sales.

As of today, there are 1,040 active listings for sale, the same as in the June report.

Depending on the price range and the area, the current real estate market remains robust. As expected, the lower the price the more demand. Usually, June and July are the best sales months. I look forward to comparing future sales months to these current ones.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

JOSEPH-LEWKOWICZ, JULY-2019, 1

Broker Notes (July 2019)

Thank you for opening my July Broker Notes. This is mailed to just under 20,000 homes in Northwest Tampa and is now offered in digital form. All of the homes listed are my current listings and sales. I do not have any other advertising except for my properties. Some of the current list prices may have changed. However, you can find the correct price through my website.

The current Northwest Tampa market has remained as a seller market with 1040 active homes on the market and 649 homes under contract. In the month of June there were 429 closed sales with a median sale price for the area of $330,000. Average days to contract is 18 days, compared to 32 days in April. Typically, June and July sales are the quickest to go to contract.

To get your free digital edition of July’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/190628?fr=sMWI4NjU1NDQ

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information, please call (813) 701- 2030 or email joelewk@me.com

JOE-LEWKOWICZ, JUNE-2019, BROKER-NOTES, BLOG-2

Broker Notes (June 2019)

This newsletter, “Broker Notes,” has been sent to 18,000 homes in Northwest Hillsborough for almost 20 years. We now offer it online along with a recap of the market, as it is on the day we send it. I hope you enjoy reading it. If you have questions about the real estate market in this area, please contact me. My information can be found below.

Sales in the area for May 2019 were 2% more than May of 2018. The median cost per square feet in $152 per foot for the entire area. During this period, the average days on the market to get a contract was 32 days.

The number of foreclosures and short sales remained insignificant with just eight foreclosure sales and only one short sale.

As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are currently 707 homes under contract, compared to 751 last month.

To get your free digital edition of June’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/190601?e=19299272/70497764

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information, please call (813) 701- 2030 or email joelewk@me.com

JOE-LEWKOWICZ, TAMPA-FL, REAL-ESTATE, 1

Sale Comparison for Northwest Hillsborough (June 2019)

The Northwest Hillsborough area is defined as Busch Boulevard to the South, State Road 54 to the North, Livingston to the East, and Pinellas County line to the West. The neighborhoods in this area include Westchase, Cheval, Carrollwood, Carrollwood Village, and Northdale.

A total of 467 single-family homes closed in May 2019, an increase from 2018, which saw 458 sales. The median price increased by 5.1% from the previous year, reaching $318,900. Closed sales were higher than in April, which is usual for this time of year. New construction closings increased dramatically from the previous year, with a 64% increase in the number of sales.

The median size home is 2,172 square feet with a median cost of $151 per square foot, a $3 increase from the previous year. I advise caution when using the cost per foot to determine the value of a home, as it can be misleading when determining the value of a home. There are many factors to look at including lot size, updates, improvements, location, etc.

Above the $500,000 price range, there were 10% fewer sales than last year in the same monthly period. This was also the case in April.

For all homes, the median days on the market was 25 days, an increase from 2018, but not significant. Below the $300,000 price range, homes were on the market for only 18 days, and above the $500,000 price range homes spent 49 days on the market.

Foreclosures and short sales remained an insignificant number with 11 foreclosed sales and only one short sale. This is good news compared to several years ago when almost 25% of sales were either a foreclosure or a short sale.

As of today, there are 1,040 active listings for sale, compared to 971 a month ago. There are currently 702 homes under contract.

Depending on the price range and the area, the current real estate market remains robust. As expected, the lower the price, the more demand. Usually, June and July are the best sales months. I look forward to comparing future sales months to these current ones.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

JOSEPH-LEWKOWICZ, TAMPA-REAL-ESTATE, MAY-2019-BLOG-2

Broker Notes (May 2019)

My area of specialization is Northwest Hillsborough County. The newsletter, Broker Notes, is sent to 18,000 homes. We now offer it online along with a recap of the market as of the date we sent it. I hope you enjoy reading it. If you have questions about the real estate market in this area, please contact me. My information is below.

For this area, the number of sales closed for the month of April 2018 to April 2019, were the same. However median price had increased for the area from $305,000 in 2018 to $315,000 in 2019: a 3.3% increase from the previous year. Closed sales were higher in March of this year than they were in April with 391 closed sales in March compared to 362 in April. Median price, however, had increased in the month from $301,000 to $315,000.

In the higher price range above $500,000, there were also more sales last year compared to this year with 50 homes sold in 2018 compared to 36 this April. The number of new construction sales was the same for both years. The median price was higher this year compared to last year by $10,000 to $315,000: a 3.3% increase in price. This rate of price appreciation is about the same rate as inflation and is usually good for a sustainable real estate market.

Foreclosures and short sales remained an insignificant number of sales with 11 total for both types of sales.

As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are 707 homes under contract now, compared to 751 last month at this time.

To get your free digital edition of May’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/earlymay2019brokernotes_c5fcfa7a38503f?e=19299272/69869908

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information please call (813) 701- 2030 or email joelewk@me.com

JOSPEH-LEWKOWICZ, TAMPA-FL, REAL-ESTATE, 1

Sale Comparison for Northwest Hillsborough (May 2019)

Comparing sales in the area for the month of April 2018 to April 2019, the number of sales closed was the same. However, the median price had increased for the area from $305,000 in 2018 to $315,000 in 2019 a 3.3% increase from the previous year. Closed sales were higher in March of this year than they were in April with 391 closed sales in March compared to 362 in April. Median price, however, had increased in the month from $301,000 to $315,000.

In the higher price range above $500,000, there were also more sales last year compared to this year with 50 homes sold in 2018 compared to 36 this April. The number of new construction sales was the same for both years. The median price was higher this year compared to last year by $10,000 to $315,000 a 3.3% increase in price. This rate of price appreciation is about the same rate as inflation and is usually good for a sustainable real estate market.

Foreclosures and short sales remained an insignificant number of sales with 11 total for both types of sales

As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are 707 homes under contract now, compared to 751 last month at this time.

As mentioned in last month’s article, the real estate market in Northwest Hillsborough remains strong with low levels of homes for sale. Prices, while going up, are beginning to flatten as the sales price of homes is exceeding many buyer’s abilities to purchase, especially in the starter home price range.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

Joe-Lewkowicz, 1

5 Signs of an Unreliable Agent

Selling a home in Northwest Tampa can be a daunting experience. It is time-consuming, overwhelming, and it can be just plain tiring. Hiring a reliable realtor can help the home-selling process go smoothly with their expert advice, resources, and support. However, coming across an experienced realtor in Tampa nowadays is challenging because, over the last 10 years, the number of realtors has doubled in size. So if you are unsure who to hire, here are a few signs of an unreliable real estate agent.

No Communication
Since you will be working with your realtor for quite some time, you want him or her to regularly touch base with you. Plus, your realtor should push you to call him or her anyways to be updated, as long as it’s during business hours. But if the real estate agent is not open to communication, whether that be calls, texts, or emails this is a bad sign.

Lack of Resources
A realtor is there to support you through the home-selling process, but he or she is also there for you to utilize at your disposal. You hired an agent for their knowledge and expertise, so it only makes sense that they can give that. If you experience your realtor agreeing with everything you say and not offering their suggestions, it is a sign that your realtor doesn’t care or lacks the resources to assist you.

Unreliable
Having a lack of resources is one bad sign another is being unreliable. The relationship between a seller and his or her agent must be like a bond. You will be working with them for a few months or years, you will also be sharing a lot of private information with him or her, and so it makes sense to find an agent who is reliable and trustworthy. If you catch the agent you’re working with lying to you, that is a bad sign and you need to find someone else more honest.

Unprofessional
Another sign of an unreliable agent is being unprofessional. For example, showing up tardy to appointments, lack of organizational skills, lack of knowledge on the properties, market, or area. These types of realtors are more than likely no help and you are better off without them.

Sketchy
Lastly, if you notice your agent isn’t putting your best interests first, then this is a bad sign. It could be that they are in it more for the money than your business.

These were a few telltale signs of a bad realtor or agent. If you are experiencing any of these situations, please call Joe Lewkowicz from Coldwell Banker. He has been servicing the Northwest Tampa area for more than 42 years, and he knows the real estate market better than anyone.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

[Source]

Joe-Lewkowicz,-Broker-Notes

Broker Notes [April 2019]

In the area of town that I work in, Northwest Hillsborough county, I compared the sales from March 2018 to March 2019. The area is from Busch Blvd to the south, State Road 54 to the north, Livingston to the east, and Pinellas county line to the west; Neighborhoods include Westchase, Cheval, Carrollwood, Carrollwood Village, and Northdale.

In this area there were 400 closed sales in March 2018 compared to 391 sales in 2019. Foreclosures and short sales have both decreased in recent years with only 20 foreclosed sales this year and 5 short sales closed in both 2018 and 2019. In the price range above $500,000, the number of homes sold in 2018 was 48, 7 more than 2019 with 41 sales. There were also more new construction homes sold last year with 68 closings compared to 53 this year. Zip code 33556 had 14 closed sales above $500,000 in 2019 followed by 33626 with 13 closed sales. There were more total sales this year in this price range than last year.

The median price of a home was lower year over year. Median price in 2019 was $301,000 compared to $304,340 in 2018. However, median cost per sq. ft. was higher in 2019 at $149.34 compared to $144.85 in 2018, indicating homes sold were slightly smaller in 2019.

Currently there are 956 active listings on the market and 751 homes under contract. In the last 6 months 1,906 single-family homes sold. This represents 5.38 months of supply of homes for sale, which is considered to be slightly favorable to sellers. Under $300,000 the supply of homes is 3.54 months of available homes for sale, with 549 active and pending listings on the market and 155 homes selling per month-a strong seller market!

Overall, the real estate market in Northwest Hillsborough county remains strong with low amounts of inventory available. Prices per foot have risen but not median price, meaning that strategic pricing is the key to getting your home sold.

To get your free digital edition of April’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/april2019brokernotes_1_?e=19299272/69341913

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information please call (813) 701- 2030 or email joelewk@me.com

JOSEPH-LEWKOWICZ, REAL-ESTATE, NORTH-TAMPA,FLORIDA, 2

Broker Notes [March 2019]

I wanted to send you the digital edition of my newsletter Broker Notes. This newsletter has been sent to homeowners in the Northwest Tampa area since the early 1990s. It was called Broker Notes because originally it was only sent to real estate agents and brokers, who may not have any idea where a home was located. At that time all the homes had an individual map tied to each property. This is before GPS in cars and google maps existed. The Veterans Expressway was not completed yet and the Citrus Park Mall had just opened and Ehrlich Road and Dale Mabry did not have stoplights. The MLS system at that time was still done in a book form that came out every week, although a listing with barebones information could be seen online.

In the early years, it was done in black and white because color was so expensive. My bid to send the first color edition to the 20,000 families that are on my mail list was about $1.00 per household or just slightly over $20,000. I tried that a couple of times. Luckily the cost of color came down dramatically. Along with many other methods that are available now, the Internet, Facebook, and Instagram, the goal has always been the same; to highlight the homes I am marketing in the best possible way to the largest number of people to obtain the best outcome for my clients. My tagline has always been “No-one works harder to sell your home” and I am a big believer in that.

To get your free digital edition of March’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/latemarch2019brokernotes_1_?e=19299272/69091553

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information please call (813) 701- 2030 or email joelewk@me.com