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Since Meridian Trust recently opened an office on the West Coast of Florida, we thought we’d highlight a new area of Florida’s Southwest real estate market investors may not be familiar with.
Real estate experts and economists believe recent figures point to rising prices and increased sales, for Tampa Bay’s housing market. They base their optimism on the following:
• The inventory of homes for sale has fallen to levels not seen for years. The lower the supply, the stronger the market. The area has less than a six-month supply of unsold homes, meaning it would take about six months to sell the houses currently on the market.
• Real estate professionals see more people inquiring about putting their homes on the market. The owners are not in distress, and their houses typically sell faster because the homes have not been neglected.
Gains in prices and sales are good news in a state decimated by foreclosures and falling values since the housing market imploded.
Although lenders tightened borrowing standards, some sales could be attributed to mortgage rates hovering at an all-time low of about 4 percent.
As the inventory of unsold homes continues to drop to levels not seen in more than five years, median prices are also climbing. The average single home sales price over the past year has been $308,151 while the average median sales price has been $215,288.
Scott Brown, chief economist with Raymond James in St. Petersburg, said home prices and sales should rise gradually, as long as the economy doesn’t take on any major ripples.
“We have a long way to go before a full recovery, but we are on our way,” he said.
If you are interested in investment opportunities on Florida’s Gulf Coast contact our Tampa Office at 813-675-0572.
Meridian Trust has been making successful real estate deals in the South Florida marketplace with buyers and sellers at all levels for over a decade. Our business continues to grow and flourish despite the challenges the real estate market has experienced. Our clients can consistently count on us to find the best deals, close on those deals and get the property ready to rent or resell, i.e. making return on their investment.
Article summarized from: http://www.tampabay.com/news/business/realestate/are-stars-finally-aligning-for-tampa-bay-housing-recovery/1211089
Tags: bank foreclosures, Bank Owned Properties, default notices, Fixing Up a Foreclosure, Fort Lauderdale Foreclosures, Increased sales, Investment Homes, Meridian Trust, Meridian Trust Investments, Miami Foreclosures, New area, Real Estate Investments, Real Estate Tax Tips, REOs, Rising prices, sell faster, South Florida Rental Market, TAMPA BANK OWNED REAL ESTATE TAMPA DISTRESSED HOUSES TAMPA HOME INVESTMENT TAMPA REAL ESTATE INVESTMENTS, West Coast of Florida
Posted in blog category | June 19th, 2012 | 
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Real Madrid cannot afford to drop points in Primera Liga after their setback against Sevilla, according to Ezequiel Garay.Garay, who had returned to Real from a loan move to Racing Santander last season, is backing his club to bounce back.”The match against Valladolid [on Saturday] will be difficult. We need to take three points,” the 23-year-old Argentine told the club’s official website.”We can’t afford another defeat or to drop more points. We will play at home so we must try hard to earn a good result. We must be strong at the Bernabeu.”Morale must always be high and confidence even more so. We are training hard and focusing on winning on Saturday.”Cristiano Ronaldo will unavailable for at least three weeks, but Garay thinks that the squad have enough players to cover the Portuguese star’s absence.”He is a very important player and we miss him when he’s not on the pitch. We must nevertheless remain calm. This squad has several players who can do his job.” he added.
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Barcelona forward Lionel Messi is doubtful for Saturday night’s La Liga game at Villarreal due to an adductor injury.The 23-year-old was missing due to the problem as Costa Rica held Argentina to a draw in their goalless friendly in San Jose. Messi suffered the injury in training with his national team and coach Sergio Batista elected not to risk the FIFA Ballon d’Or winner – much to the annoyance of the supporters, who had hoped to see the superstar in action, Speaking before kick-off at the new Estadio Nacional, Argentinian Football Association president Julio Grondona said: “We just had a chat with the president of the Costa Rican Football Federation and the doctor, and Messi has a minor injury. “The doctor has reviewed it and sees that it is not as it should be. “Obviously, caution must be taken in these cases and, thinking about everything, we must be sure that the player is able to play – and he is not. “He has a muscle strain and we do not even know if he will get to play Saturday.” Barcelona confirmed another forward, Bojan Krkic, is also a doubt for the trip to El Madrigal after straining his ankle while playing for Spain Under-21s on Monday.
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Roberto Di Matteo has claimed the Football Association and Premier League could be harming Chelsea’s Champions League chances by making them play three days before European games.The Blues travel to Benfica on Tuesday barely 72 hours after Saturday’s Barclays Premier League draw against Tottenham while, in stark contrast, the Primeira Liga moved the Portuguese club’s game at Olhanense back to Friday.Asked if allowing teams to play league and FA Cup matches on a Friday ahead of European games should be looked into, caretaker Blues manager Di Matteo said: "Absolutely, yes. Absolutely, yes. Because the other federations, they do tend to help their teams to be able to perform as good as possible in Europe."Copyright (c) PA Sport 2012, All Rights Reserved.
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Diego Capel will be out of action for a month after getting his groin injured while on duty with Spain.The winger was sent back to Seville from the Spanish national side’s camp after picking up the injury during training. Tests conducted confirmed that the 20-year-old sustained a second degree tear in his adductor muscle, and the ailment will have the player in the treatment room for a month. The explosive talent is set to miss Sevilla’s matches against Almeria, Malaga, Real Valladolid in the Primera Liga, as well as games against Vfb Stuttgart and Standard Liege in the UEFA Cup. The trouble does not end for Sevilla coach Manolo Jimenez , as Capel’s direct replacement, Adriano Correia, has also suffered a similar injury, which forced the Brazilian to the treatment room as well. Correia will undergo a barrage of tests to determine the extent of his injury.
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