As a REALTOR® the most commonly asked question I get is, "How's the market?" So here you have it, my first blog on the third quarter market in Apollo Beach, FL.
Our market in southern Hillsborough County is doing pretty fantastic right now for sellers. Distressed property levels are down. Many homeowner's now have a bit of equity in their homes, so they can sell and move up and take advantage of the still super-fantastic low interest rates. We are seeing a lot of cash buyers come in to purchase homes for future retirement, first time home buyers purchasing by financing brand new builds, and many move up buyers paying with cash and financing.
Waterfront properties located in Apollo Beach are THE best value in the entire state of Florida. Go thirty minutes further south or across the bay and pay $500,000 to well over $1,000,000 more for comparable waterfront properties. Buyers jumping into the waterfront market in Apollo Beach get THE biggest bang for their buck here.
The new home communities built during "The Boom" were the first communities to hit the bottom of the market. By the same token, they were the first to recover and they are currently in a bit of a sellers market, ten years later. What's unfortunate, however, is that some buyers in this market think that it is still 2008, 2009, 2010 and they are making low-ball offers. It's a strange phenomenon, and I for one hope it ends soon. Buyers should be advised by their agents that inventory is still at an all time low. At last reporting, our market only had only 3.7 months worth of inventory. Translated, that means that if no other homes were to come on the market, in 3.7 months there would be ZERO homes left to sell.
So, whether you are a buyer or a seller, a looky-lou or a curious neighbor, if you want to see a list of all of the homes that sold to REAL buyers who purchased in July, August, and September, and the prices of those homes click here.