The greater Seminole Heights has taken a beating in the real estate market for nearly 3 years. However, our local print a broadcast media is not reporting what is changing. Like the rest of Hillsborough County our market inventory is dropping but nobody is reporting it to the public. They keep regurgitating the gloom and doom of the national news outlets.
By way of history, in the summer of 2005, daily inventory of homes in Hillsborough County struggled to maintain 3,000 active listing. By late 2005 inventory had risen to about 6500 homes. It continued to rise through out 2006 topping 14,000. 300k listings in Seminole Heights stopped moving by the summer of 2006. Everything else in the neighborhood pretty much came to a halt by the end of 2006.
The are 3 Tampa Grids on our local board maps that comprise the greater Seminole Heights area. Below is a break down of inventory in each of those grids. We have no townhouses in any of these grids. Only grid 201 contains any condominiums. The 3 grids take in 10,000 or so homes.
There are under 175 listings in grid 240 which is the bulk of Old Seminole Heights.
There is less than 120 listing in grid 260 which is Southeast Seminole Heights and the trunk of Old Seminole Heights.
There is less than 165 listing in grid 201 which is South Seminole Heights and Riverside Heights.
(For those not familiar with the Seminole Heights area, there are three neighborhood associations that comprise Seminole Heights. The area includes two National Register Historic Districts.)Nearly half the properties under 100k are in Southeast SH, many of them are short sales and need significant rehab. So in these 3 grids that are most of the Heights there are about 320 homes that are move-in ready on the market out of nearly 10,000 homes.
I guess my point is that if you are looking for a historic bungalow in decent condition in Seminole Heights, pickens are getting tight. Just as prices fell because there was a huge glut of homes on the market. Price will stop falling and may even bounce back a bit if inventory continues to shrink.
As to the other media story about not being able to get a mortgage, I have yet to have a customer with respectable credit not be to qualify and obtain financing. Note respectable does not mean perfect credit scores.
DON'T BELIEVE THE HYPE.
Rick Fifer, Florida Executive Realty
Your source for Seminole Heights and beyond
While the media keeps screaming that the sky is falling, they will likely be behind the curve as the inventory drops just as they were when the deflation of home prices began.
In the summer of 2005, daily inventory of homes in Hillsborough County struggled to maintain 3,000 active listing. By late 2005 inventory had risen to about 6500 homes. It continued to rise through out 2006 topping 14,000. The county inventory continued to rise through out 2007 and prices tumbled. At one point there were 19,000 homes on the market on any given day per our local MLS. (the board had different numbers that were even worse)
The story you don't hear in the local media is how our market inventory is dropping. As of today there is slightly more than 13,000 homes on the market. In other words we are below the inventory of late 2006. Inventory has dropped nearly 1,000 since November 2008.
If you limit the inventory to single family homes and townhouses you have a county-wide inventory of less than 10,500 in a county with over 1,000,000 people.
The story our local media isn't telling the public.
posted by: www.TampaHomeBuyer.info
Rick Fifer, Florida Executive Realty

This annual event raises money for things that our local branch of the library may not have been budgeted for in the Tampa-Hillsborough Library system. The best part is the neighborhood association holds the money. When the librarian has a need that is not in the budget there is no bureaucracy to get a check. This is just one more thing that sets Seminole Heights apart, it still has a tremendous sense of community.
This year the booksale will be moved off site because it has outgrown the space available at the library. The new location is the Seminole Heights United Methodist Church in the basement (Allen Hall, carts are not allowed). 6111 North Central Avenue (Central & Hanna).
The sale dates and times, open to the public, are:
Friday, March 6, 2009, 2:00 pm - 8:00 pm
Saturday, March 7, 2009, 8:00 am - 2:00 pm.
Last year the book sale was renamed in honor of Dr. Stephen J. Gluckman, long time neighborhood activist and preservationist and the founding force for the annual library book sale.
The Seminole Heights Library, located at 4711 Central Avenue (Osborne & Central) ,is now accepting donations for the 15th Annual Book Sale. Donations for the sale can be taken to the library, during regular hours, through March 4, 2009. 813.273.3652
The success of the sale depends on what is donated and what is bought. Donations of books (new or used, hardback or paper), vinyl records, CDs, DVDs, VCR videos, computer programs (software), quality magazines, children's books, children's learning materials.
|
Library Hours of Operation: |
|
| Sunday | Closed |
| Monday | 10am - 9pm |
| Tuesday | 10am - 9pm |
| Wednesday | 10am - 6pm |
| Thursday | 10am - 6pm |
| Friday | 10am - 6pm |
| Saturday | 10am - 6pm |
posted by: www.atHomeintheHeights.com
Your source for real estate in Seminole Heights.
Rick Fifer, Florida Executive Realty
Broward Elementary (corner of Osborne & Ola) in South Seminole Heights will be holding their Broward School Bazaar on Saturday, 2/28/09 (Rain Date 3/7) 8:00 am to 1:00 pm.
This community event raises money for the PTA
Huge Rummage Sale, Food, Activities for Kids, Blood Drive and all proceeds benefit Broward PTA
If you would like to donate quality, clean, usable items please call Susan C. Anderson, Bookkeeper/Secretary Phone 276-5592. Most of the children attending Broward live in Seminole Heights.
Times are tight, this is a way to help the local PTA.
posted by www.atHomeintheHeights.com
Your neighborhood real estate agent.
Rick Fifer, Florida Executive Realty
The residents and business owners of Seminole Heights are getting ready to take the next steps in shaping the zoning and development codes that will guide the future of the greater Seminole Heights area through a series of 5 scheduled workshops. The first beginning on January 28th at 6pm.
The workshops are the next step following the form based zoning meetings from 2008. The first workshop will recap the Future Vision Plan, provide a refresher on Form Based Code compared to typical zoning code, and analysis of difficulties for development under current code. For more information go to www.tampagov.net/ldc
The second meeting on February 25th will start Developing basic Zoning/Regulating Plan. These will be the rules for building location and form in the Seminole Heights area.
The third meeting on April 28th will focus on landscape, signage and parking.
The fourth meeting on April 29thwill focus on stormwater, utilities, and solid waste.
The fifth meeting on May 27th will review the code draft.
For those unfamiliar with Seminole Heights, it is geographically the largest neighborhood in the city of Tampa with nearly 10,000 homes and about 25,000 residents. It contains 2 nationally recognized national register historic districts (Seminole Heights and Hampton Terrace). Nearly all of the homes are cover by a residential overlay district (special zoning rules). Scattered through out the community are historic structures like Hillsborough High School with its Gothic Revival architecture and restored stained glass windows.
For information about homes in the area please visit: www.atHomeintheHeights.com
Rick Fifer, Florida Executive Realty
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved