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January 29, 2008

Sandpearl Residences stand out amidst declining market

Filed under: Tampa Condos — Thimble @ 8:50 am

Florida has not faired too well in this housing crisis. Many cities are taking a hit as supply exceeds demand. Tampa Bay has had some hard times in regards to the recent real estate market. Channelside condos and others have filed for chapter 11 – a sign that is not healthy in this economy. However, luxury product has not really taken as bad a hit. One example is Sandpearl Residences. Located on the Gulf of Mexico on an immaculate beach and crystal blue water, homebuyers will drop their jaws when they look out of their condo. With units starting at $970,000 these Tampa condos are attracting the luxury buyer – the buyer who is not worried about the housing crisis. Sandpearl Residence defines luxury. Nearly 10 foot ceilings, crown molding in the interiors, a stain resistant carpet, innovative floorplans and the choice of beautiful tiles are some of of the luxurious home amenities a homebuyer can expect from Sandpearl.

The community is equally amazing: poolside fitness center with sauna and steam room, a lush tropical environment and a private storage locker in a storage room – these are some of the luxurious common amenities that can be found at SandPearl. Tampa condos for sale are abundant but few can stand out as much as JMC Communities’ Sandpearl Residence. These condos are available now and with interest rates dropping, you can expect this development to sell out rather quickly.

January 28, 2008

Interested home buyers setting their sites on Tampa

Filed under: Tampa Condos,tampa condos for sale — The Law @ 8:50 am

Why Tampa? Well considering that Tampa is located in a beautiful part of Florida whose climate rivals that of San Diego, Hawaii or Fiji — It’s no wonder that people are flocking to Tampa not only as a vacation destination but to settle down and find a home. Little do most vacationers know is that Tampa has a strong Cuban ethnic backbone that can be reflected in the local culture and can be seen in dance clubs and restaurants along the coast. Its proximity to Clearwater Beach and St. Peterburg make it a central hub for travel and it is considered the business hub for the west coast of Florida.

Precautions are easily warranted when living on the gulf coast but the fact that many hurricanes have swept through the area have not prevented residents from staying in the area and new home buyers from buying there. The city offers a remarkable public safety task force and when natural anomalies do happen, Tampa fares better than almost all gulf coast cities.

Tampa offers a unique blend of culture and relaxation in the new condo developments and many can be seen with many of the local builders who use newcondosonline.com.

December 29, 2007

Follow the Leader

Filed under: Real Estate,Tampa Condos — Frogman235 @ 8:50 am

As the real estate market really started ramping up 5 years ago or so, more and more people began fleeing from their current career paths to “get their license”! So many people witnessed friends, family, colleagues, neighbors, etc. making so much in commissions and investment properties of their own, that they obviously wanted in on the big money. Though the barriers to entry are fairly low in the residential real estate industry, it is very difficult to stand out and compete. There is a ton of competition and those with experience are usually the ones to prevail during a declining market.

Of the nation’s Realtors, real estate is the first career for only 4% according to the National Association of Realtors. When the housing market was at record levels and homes and condos were flying off the shelf a few years ago, everyone wanted in on the game. Of course, many forgot to think of the real estate business as cyclical in nature, so by the time they received their license and were ready to start taking on listings…the market had turned. Now they either have to stick it out and hope for the best, or go back to their previous career hoping they didn’t already burn that bridge!

This has been the case in many of the nation’s active condo markets such as Tampa,Orlando, and

Miami.

Tampa condos
have gone through the cycle and are now selling at a more normal absorption rate than in the previous few years. Many people in

Tampa for example who were leading perfectly successful careers, quit to sell real estate or become investors in home and condos. Pre-construction investing was at the forefront of this strategy for the young and inexperienced. Many people made plenty of money without really knowing anything about real estate. Many became agents without really knowing anything about what it really takes to perform your job to the best of your ability. Being a Realtor in markets like

Tampa is far more challenging than many would think and takes far more hours in a week than most plan for. Many people thought they could come into the industry and do the job “part time” to supplement their income…not realizing that to be successful selling Tampa condos it is a full time job, plus weekends!

The interesting thing is that many who entered the market with little to no experience right as the cycle slowed won’t be able to weather the storm. Those who have the experience to know what to expect during a soft market will prevail. According to the National Association of Realtors, the median income of Realtors last year was $47, 700, down from $49, 300 in 2004. And Realtors with two years or experience or less earned a median of $15, 300.

We have high hopes for the rest of the year and 2008. Many

Tampa condos have actually been flourishing and selling like hot cakes. Homebuilder, JMC Communities who features two of their high-end communities on www.newcondosonline.com have continued to see a strong number of reservations and closings. Other areas near Tampa like

Clearwater

Beach and

St. Petersburg have also seen strong sales numbers. Just like other market areas of

Florida, things have slowed a bit, but not as much as other markets that were hit hard by investors and speculators.


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