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Wesley Chapel Market Update (8/16-22, 2021)

August 26, 2021 By Tami Savage

๐Ÿก This week's Wesley Chapel Weekly Market Update from Aug 16 to Aug 22, 2021, is specific to Single Family Homes.โ 
HIGHLIGHTSโ 
๐Ÿ“‰ We are still super low on inventory for Single Family Homes.โ 
๐Ÿ“ˆ Both Wesley Chapel and the Tampa Bay area as a whole are above the asking price.โ 
๐Ÿ’ช Clearly still a very strong seller's market!!!

Hi, and welcome to the Weekly Wesley Chapel market update for August 16th through August 22nd. I'm specifically referring to single-family homes in today's update.

I'm Tami Savage with the eXp Realty.

Just so we're on the same page when I speak of Tampa Bay Area, I'm referring to the Tri-County area of Pasco, Pinellas, and Hillsborough counties.

All right, so a week and a half ago, I reported that we were at almost three months of inventory, which was true, but two things;
(a) that was referring to residential, not just single-family homes.
And the second issue is that, apparently, I was kidding because we have started to heat back up.

Wesley Chapel is about one and a half months whereas the Tampa Bay Area is just a tad over one and three quarters.

It's still high demand, low supply. So it's still definitely a very strong seller's market.

Okay, so now, as far as sold pending, and inactive. Wesley Chapel had 36 sold, pending 57, and active were 19. Tampa Bay had 830 sold, pending was 1,186, and active was 3,349.

Active days on market. Wesley Chapel is a little more than half of Tampa Bay with 8.75 active days on market. Whereas Tampa Bay is 14.28.

Average sell price. Wesley Chapel is $404,579, and Tampa Bay is at $459,630.

And median sale price. Wesley Chapel is $370,000, and Tampa Bay $360,000.

And then selling price versus list price. Wesley Chapel is still seeing about a 3% selling price above the asking price, and Tampa Bay is getting about 1%, which means it's really great for sellers.

So anyway, if you have any other questions, if you'd like to know something else that I can help you with, please don't hesitate to reach out.

I look forward to talking with you, and you have a fantastic day.

Bye.

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Baby Boomers Buying Myths Community Demographics Distressed Properties Downloadable Down Payments First Time Home Buyers Forbearances For Buyers Foreclosures For Sale By Owners For Sellers FSBOs Garden Generation X Generation Z Gen X Gen Z Holidays Home Household Management Housing Market Updates Infographics Interest Rates Interview Investors Lifestyle Luxury Market Millennials Move-Up Buyers moving New Construction Pricing relocation Remodel Rent vs Buy Report Reviews Selling Myths Senior Market Short Sales Tax Refund Veterans Video

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๐Ÿก ๐˜๐จ๐ฎ๐ซ ๐‡๐จ๐ฆ๐ž, ๐˜๐จ๐ฎ๐ซ ๐‘๐ฎ๐ฅ๐ž๐ฌ! ๐Ÿ“œ
Owning a home is more than just an investment or dollars & cents; it's a life upgrade!

๐ŸŽจ ๐…๐ซ๐ž๐ž๐๐จ๐ฆ ๐ญ๐จ ๐ƒ๐ž๐œ๐จ๐ซ๐š๐ญ๐ž, ๐‚๐ซ๐ž๐š๐ญ๐ž, & ๐Œ๐จ๐๐ข๐Ÿ๐ฒ ๐Ÿ› ๏ธ
You wanna paint that living room lime green? Go for it!
Want a glass front door instead of solid wood? Change it!
Want to knock down a wall or add a home office? You can!

๐Ÿ‘ช ๐…๐š๐ฆ๐ข๐ฅ๐ฒ ๐‚๐จ๐ฆ๐ž๐ฌ ๐…๐ข๐ซ๐ฌ๐ญ
A home is the perfect place to watch your kids grow and make lasting memories. More importantly, it adds stability!

๐Ÿ˜๏ธ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐จ๐ง
Neighbors aren't just the folks next door; they're your support system.

Ready to make the move and enrich your life? Holler at me anytime! ๐Ÿ“ฒ

For more Insights: https://tamisavage.com/the-many-non-financial-benefits-of-homeownership/
๐Ÿ’ผ ๐‘๐ž๐ฆ๐จ๐ญ๐ž ๐–๐จ๐ซ๐ค = ๐Œ๐จ๐ซ๐ž ๐‡๐จ๐ฆ๐ž ๐Ž๐ฉ๐ญ๐ข๐จ๐ง๐ฌ! ๐Ÿก ๐‹๐ž๐ญ'๐ฌ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ ๐ญ๐ก๐ž ๐ƒ๐จ๐ญ๐ฌ!

Remote work isn't just about Zoom calls in PJs. It's an opportunity to change your entire home search game!

๐Ÿ’ก ๐…๐ฅ๐ž๐ฑ๐ข๐›๐ข๐ฅ๐ข๐ญ๐ฒ = ๐Œ๐จ๐ซ๐ž ๐Ž๐ฉ๐ญ๐ข๐จ๐ง๐ฌ
Think bigger yards, extra rooms, and maybe even a lower cost of living! ๐ŸŽ‰

Curious? Call, text, or email me, and let's talk! ๐Ÿ“ฒ

๐Ÿ‘‰ Blog Link for all the ins and outs: https://tamisavage.com/remote-work-is-changing-how-some-buyers-search-for-their-dream-homes/

#RemoteWork  #HomeBuying #DreamHome #LocationFlexibility #WorkFromHome #HomeSearch #PropertyHunt #RealEstateMarket #ModernWork #NewNormal #LifestyleUpgrade #realestatenews #realestateexpert #realestateadvice #realestateblog #TamiSavageRealtor #realestate #realtor #realestateagent #cummingga #miltonga #cantonga #alpharettaga #ballgroundga
๐Ÿก Wondering if Nowโ€™s the Right Time to Sell? ๐Ÿก Wondering if Nowโ€™s the Right Time to Sell? Your Home Equity Might Just Be Your Ace! ๐Ÿก

Equity = Your Home's Value - What You Owe. ๐Ÿค‘ And here's the kickerโ€”nearly 70% of homeowners are sitting pretty with significant equity. So if you've been holding off selling due to mortgage rates, this could be your game-changer!

๐Ÿ“ฒ Got questions about your home equity? Donโ€™t hesitate to call, text, or email me anytime!

๐Ÿ‘‰ Want the full scoop? Check out my latest article on how your home equity can offset affordability challenges: https://tamisavage.com/your-home-equity-can-offset-affordability-challenges/
Regardless of rising mortgage rates, the desire fo Regardless of rising mortgage rates, the desire for dream homes remains strong! ๐Ÿก Buyers are actively searching, eager to find their perfect match. โ 
โ 
If you've been waiting in the wings, it might just be your time to shine.  No need to hit pause for fear of silent echoes. The marketplace is humming and ready for your listing!โ 
โ 
Ready to spotlight your home? Letโ€™s get you connected with eager buyers!โ 
โ 
https://tamisavage.com/plenty-of-buyers-are-still-active-today-infographic/
Puzzling over why finding the right house seems so Puzzling over why finding the right house seems so challenging lately?โ 
โ 
1๏ธโƒฃ ๐“๐ก๐ž ๐๐ฎ๐ข๐ฅ๐๐ž๐ซ'๐ฌ ๐๐š๐œ๐ค๐ฅ๐จ๐ : We've seen fewer homes built in recent years. And while builders are stepping up the pace, bridging the home gap is taking time. ๐Ÿ—๏ธโ 
โ 
2๏ธโƒฃ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐‘๐š๐ญ๐ž ๐Œ๐š๐ ๐ง๐ž๐ญ: Many homeowners are glued to their spots, not wanting to let go of their attractive mortgage rates. ๐Ÿ’Žโ 
โ 
3๏ธโƒฃ ๐Œ๐ž๐๐ข๐š ๐‡๐ฒ๐ฉ๐ž: Sometimes, the media's spin can create unnecessary housing apprehensions. Always good to double-check and get the real story!โ 
โ 
So, whether you're aiming to buy, sell, or both, understanding today's housing scene is crucial. ๐Ÿ—๏ธโ 
โ 
Eager to dive deeper? Contact me for a personalized look at the housing inventory in our area, and let's navigate the maze together! โ 
โ 
For a more detailed breakdown: https://tamisavage.com/why-is-housing-inventory-so-low/
Has your trusty home started feeling a tad too... Has your trusty home started feeling a tad too... familiar? If you're toying with the idea of a change, you're in good company!โ 
โ 
๐‡๐ž๐ซ๐ž'๐ฌ ๐ญ๐ก๐ž ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง-๐๐จ๐ฅ๐ฅ๐š๐ซ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง: To buy or to rent next?โ 
โ 
๐Ÿ” Consider the following:โ 
โ 
1๏ธโƒฃ Rent Rise Alert! Historically, rents have been climbing. Yearly hikes? That could put a dent in your retirement fund! Freddie Mac puts it beautifully: With fixed-rate loans, you're locking in a predictable monthly expense, even when life throws those sneaky financial curveballs.โ 
โ 
2๏ธโƒฃ Home Sweet Owned Home! AARP highlights a key truth: Owning a home often outweighs renting. Think stability, investment growth, and truly owning your space.โ 
โ 
Baby boomers, if you're on the fence, reach out! ๐Ÿ’ฌ Let's discuss what makes sense for your golden years and unlock the best path for your next home adventure. ๐Ÿกโ 
โ 
https://tamisavage.com/should-baby-boomers-buy-or-rent-after-selling-their-houses/
Have you ever wondered how tomorrow's home prices Have you ever wondered how tomorrow's home prices might shape your investment today?โ 
โ 
Amidst a sea of mixed news, here's a ray of sunshine: home prices are rising, better than many expected. And guess what? They're forecasted to keep shining bright!โ 
โ 
A recent survey by Pulsenomics got the scoop from over 100 experts โ€“ economists, strategists, and analysts. The consensus? Nationwide home prices are likely to continue their upward trajectory in the coming years, returning to a more steady growth.โ 
โ 
So, what's the golden nugget for you? ๐ŸŒŸ Once you invest in a home, as its value appreciates, so does your wealth! Think of it as planting a tree that grows money leaves over time. ๐ŸŒณ๐Ÿ’ฐโ 
โ 
Considering taking the homebuying leap? Here's the nudge you might need: Today's investment can pave the way for a bright financial future, with your home's value (and your net worth) blossoming. Ready to explore? ๐Ÿ’Œ Contact me, and let's embark on your homebuying journey! ๐Ÿš€ โ 
โ 
https://tamisavage.com/what-experts-project-for-home-prices-over-the-next-5-years/
Retiring is like unlocking a new level in the game Retiring is like unlocking a new level in the game of life. ๐Ÿ—๏ธ As you step into this adventurous chapter, you might wonder, "Is my current home in sync with the life I envision now?"โ 
โ 
๐Ÿ•ฐ๏ธ Quick flashback: Between 1985-2009, most folks stayed in their homes for about six years. But here's an interesting twist: Post-2010, according to our pals at the National Association of Realtors (NAR), this shot up to over nine years!โ 
โ 
If you've been cozying up in your home for a while now, not only have you created cherished memories, but you might also be sitting on a treasure trove of equity. Yup, every mortgage payment and every market surge could mean more value for your home.โ 
โ 
Are you curious about tapping into that equity for your dream retirement home? Let's chat! Contact me, and letโ€™s dive deep into what your home has achieved for you over the years. โ 
โ 
Here's to new beginnings and perfect homes! ๐Ÿกโ 
โ 
https://tamisavage.com/planning-to-retire-your-equity-can-help-you-make-a-move/
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