Today, Congress has passed a bill including an amendment that extends and expands the Homebuyer Tax Credit.  Here are some key points:  

The tax credit for first time homebuyers (those who have not had ownership interest in a residence in the last three years): $8,000 for married couples, $4,000 for those filing separately.

Contracts need to be signed by the expiration date: April 30th, 2010.

Also, those buyers who have maintained ownership of a primary residence for five of last eight years are eligible to receive a tax credit: $6,500 for married couples, $3,200 for those filing separately.

Income limits $125,000 for those filing separately; $225,000 for married couples.

Home purchase price can not exceed $800,000.

Contact Phil Fowler of Keller Williams Realty for more information.  Text 813-401-8078 or email Phil@PhilFowler.com

FREE MLS SEARCH of Tampa Foreclosures.

September has seen a slowing down of Tampa Luxury Homes Sales to only 16 Luxury Properties according to Luxury Consultant, Realtor Phil Fowler of Keller Williams Realty of South Tampa.

The Luxury Waterfront Community of Davis Islands saw 3 sales ranging in price from $1,150,00 to $2,950,000.  The 2 years old, custom, mediterranean home on deep water canal sold for $2.95 Million.  The property was listed at $3,450,000 in May of 2009. 

Avila, Beach Park and Sunset Park also saw sales while Mira Bay in Apollo Beach had 3 sales in the lower luxury home price range.

For more information on these properties or other Tampa Luxury Homes  and Tampa Luxury Real Estate please contact Phil Fowler at 813-401-8078 or via email Phil@PhilFowler.com

Luxury Prices Hold Despite Slowdown according to Inman News (08/21/09) Anandwala, Riya V.
Last fall’s stock market plunge, coupled with stricter home lending rules, have had a negative impact on upper-market residential property sales. However, the Institute for Luxury Home Marketing reports that the values of dwellings priced above $500,000 generally have held up better than those of other segments. The median value of U.S. luxury-market homes is estimated at $1.15 million, about the same as this time last year. On the downside, the research shows that days on the market increased from about 120 days in August 2008 to about 180 days this month for homes in this price range.

For more information on the local Tampa Luxury Home market, contact Luxury Consultant, Realtor Phil Fowler  at 813-401-8078 or email Phil@PhilFowler.com

According to Tampa Luxury Consultant, Realtor Phil Fowler  of Keller Williams Realty of South Tampa, the Tampa Luxury Real Estate Market, has currently 803 Tampa Luxury Homes as of June 18, 2009.  Two new Tampa Luxury properties on Davis Island and Symphony Isles in Apollo Beach just came on the market for buyers looking in the Million Dollar Home price range.

The Tampa Luxury Real Estate Market can be divided into 6 segments according to Phil.

700K- 1 Million = 377 Luxury Properties

1,000,001 – 2 Million = 305 Luxury Properties

2,000,001 – 5 Million = 107 Luxury Properties

5,000,001 – 10 Million = 10 Luxury Properties

10,000,001 – 15 Million = 2 Luxury Properties

15,000,001 – 25 Million = 1 Luxury Property

To view some of the Tampa Luxury Real Estate communities click here

If you would like to schedule an appointment to see these properties, please contact Phil Fowler at 813-401-8078 or  email Phil@PhilFowler.com

Here are some interesting statistics according to Tampa Luxury Real Estate Consultant, Realtor Phil Fowler of Keller Williams Realty of South Tampa.

Tampa Luxury Homes in this market range from an entry level of $700,000.00 to a magnificent Gated Luxury Estate in Avila of 25 Million Dollars.   This piece of Tampa Luxury Real Estate boasts 10 bedrooms, 10 full bathrooms and 3 half bathrooms, complete with ballroom, 14 fireplaces, basket ball court, pool, spa and cabana, situated on a sprawling 5.9 Acres in prestigious Avila . 

As of June 17, 2009 There are approximately 801 Tampa Luxury Properties active on the market today with a total List price of  $1,181,905,523.

The key to successfully listing and selling in the Tampa Luxury Real Estate Market, according to Phil Fowler, is pricing the property correctly to begin with.

Although the Luxury Property may truly be a unique Luxury Home, the National Average per sq. ft. runs around $327.00.

For a free consultation regarding listing your Tampa luxury home, or purchasing Tampa Luxury Real Estate,
please contact Phil Fowler directly at 813-401-8078 or via email at  Phil@PhilFowler.com

Tampa Florida Luxury Real Estate Consultant, Realtor Phil Fowler of Keller Williams Realty South Tampa noted that 29 luxury properties were sold during the month of May, 2009.  A Bay front pristine property at prestigeous Westshore Yacht Club sold for $2,972,000.

The 5 bedroom 6 bathroom, 6,517 square feet home was another Keller Williams of South Tampa listing.

Avila, one of Tampa Florida’s luxury addresses saw a sale of $2,850,000.  The 9,600 square foot 6 bedroom, 6 bathroom and 2 half bath estate home on 1.15 acres is sure to please it’s discerning buyer.

Keystone, Odessa and Beach Park, Tampa wer also sought after areas.

For more information regarding these properties or any other Tampa Florida Luxury Homes, please contact Phil at 813-401-8078 or via email at Phil@PhilFowler.com

Statistics for the Greater Tampa Luxury Housing Market according to Luxury Consultant, Realtor
Phil Fowler of Keller Williams Realty South Tampa appear to be stabilizing somewhat.

The Institute for Luxury Home Marketing, of which Phil Fowler is a Member, released current data showing the median price of luxury homes in the Tampa Bay Area at $704,716, median square feet 2,857, inventory 1,676, new listings 69, with average days on market at 186.

The median luxury home pice has dropped considerably on the lower range;  however, the multi million dollar estates are not being affected by this economic down turn.  Fractional ownership is a creative alternative when purchasing these higher end luxury Tampa properties.

For example, the 25 Million Dollar compound in prestigious Avila, can be purchased using fractional ownership.

Tampa Luxury Home Consultant, Realtor Phil Fowler of Keller Williams Realty of South Tampa, says that the well known Tampa resident Vince Naimoli’s home is for sale at 14 Million Dollars.

The sprawling 15,547 sq. ft, 3 story brick Luxury Tampa Home boasts 7 bedrooms, 6 full bathrooms, 2 half bathrooms and 6 fireplaces located in the presigious gated community of Avila. 

This 10 acre lake front luxury estate with circular driveway, motor court, fountain columns and much more is sure to impress the most discerning prospective buyer of luxury properties.

To make an appointment to view this property, please contact Phil Fowler at 813-401-8078 or via email at Phil@PhilFowler.com

The 2009 Tampa Parade of Homes begins Saturday, March 21, according to Luxury Consultant, Tampa Realtor, Phil Fowler of Keller Williams Realty.  This year, the Parade  of homes features over 55 homes including, single family, condominium and estate homes throughout  Hillsborough, Pinellas, Pasco and Hernando Counties.

Charles Building Corp. is offering the largest, luxury, estate home boasting 10,004 square ft., 6 bedrooms, 7 bathrooms, at $8 Million Dollars.  This mediterranean revival home, built on a 5 acre lot over looking Lake Kell is located in the gated community of Bellamere in Lutz.  Venetian plaster walls, Baroque style gold leaf ceilings, state of the are technology, Scagliola columns, Subzero and Wolfe appliances, Toto smart toilets, Swarovski crystal chandeliers are just some of the features of this luxury Tampa Bay property.

For more information, please contact Phil Fowler at 813-401-8078.

One aspect of President Obama’s plan has the potential of impeding the housing sector according to Tampa FL Luxury Consultant, Realtor, Phil Fowler of Keller Williams Realty.

If the current draft alters the Mortgage Interest Deduction for families earning over $250,000, this can potentially further erode home values and prices.

What does this mean for banks?  Increased price depreciation will translate to a decline in the collateral value of mortgage backed securities.

Bottom line, this nation can not afford another credit crisis.  The first one has not been resolved yet.

God help US or rather the USA.