The weather and the South Tampa real estate market are heating up!
A clip on the news recently showed some unfortunate drivers slowly sliding down a snowy street in New Jersey. While the news anchors chuckled that it looked like a slow motion game of ice bumper cars, we at Domain Homes were enjoying the sunshine and temperatures in the high 70’s!
It may be the refreshing weather or possibly the job opportunities, but something has the Tampa Bay real estate market buzzing lately. At Domain Homes, we closed a record year in 2011, and 2012 has already started off with a bang. This is in no small part to our wonderful team. Lydia Graff, pictured here, wrote four contracts in the first week of January. In addition to Lydia’s four contracts, Domain Homes has helped nine new homeowners find their dream homes – all in just the past few weeks! This has been a very busy time for us as we’ve also moved into our new model at Southtown Park in PortTampa.
Take advantage of the warm weather and the hot real estate market today! If you or someone you know is looking for a beautiful home at a phenomenal value, Domain Homes is actively acquiring more real estate and beginning construction on several new homes. We are excited about what’s in store for 2012! Visit our website at NewDomainLiving.com for more information.
Domain Homes had a remarkable year of home sales with revenues exceeding seven million. December was one of the strongest months with 9 sales. 2011 was Domain’s first full year in the Tampa market and our customers have had great things to say about our team and the homes we build. In response to strong positive trends, we expanded our operations team, started a real estate brokerage division, hosted several successful events, sponsored events for well-known local charities, and opened a new model home in our Southtown Park community.
More Good News!
TV producers can stop showing real estate market graphs with a plunging red arrow. It seems that the temperature of the real estate market is improving and there have been newsworthy trends of stabilization and recovery.
According to the National Association of Realtors (NAR) who just released their latest pending home sales index, the housing market is strengthening.
The group that tracks every imaginable home sales metric including ‘homes under contract’ and ‘contracts cancelled’ is particularly excited about the fact that the pending home sales index was up at the end of 2011. They’re also excited that the index broke the 100 mark for only the second time since the housing bubble burst. The last time it was above 100 was when the home owner tax credit was in effect (April 2010). The fact that the index has returned to that level without any such stimulus means that the market is strengthening from a natural, organic power. Affordability, historically low interest rates and job creation are all believed to be contributing factors. With home sales picking up and prices stabilizing, many experts such as NAR Chief Economist Lawrence Yun believe that this recovery is sustainable.
The broader national economy has shown positive signs as well including the all-important jobs picture. With unemployment claims falling and new jobs being created at approximately 100,000 per month, that could provide the support needed for home sales going forward.
Finally, it seems that the housing market is heading in the right direction for 2012.
Domain Homes’ Dunlin plan at Southtown Park is now on MouseThruThehouse.com . This master-on-main plan features 1725 sq ft of living space with 3 bedrooms, 2.5 baths and a 2-car garage. Check out the new video tour:
Come see us at Southtown Park at 7700 Interbay Boulevard. We’ve set up our Presentation Center just inside the gates. The coffee’s ready and we’ve got some great homeplans to show you.
At Southtown Park we’re offering spacious homes and beautifully appointed villas with master on the main for under $200,000. – all within a prestigious gated community! Residents enjoy a timeless, traditional neighborhood feel and all of the comforts of Florida living. As you enter Southtown Park located near historic Port Tampa, it’s easy to forget that you’re just minutes away from the hustle and bustle of the big city of Tampa.