Friday, February 28, 2014

Glory Days Grill plans April opening in New Tampa

The Glory Days Grill plans an April 7th opening.  Located at the former Lee Roy Selmon's on Dona Michelle Dr. in New Tampa, the restaurant currently is under renovation and is accepting applications for employment.

A VW Dealership for Wesley Chapel

Laura Kinsler of the Tampa Tribune reports that a VW dealership is planned for Wesley Chapel.  8 acres of property across from the Mini dealership on SR 56 are under contract by Scott Fink, who owns other dealerships in the area. 

Fink plans to build a 10,500-square-foot showroom and sales center and a separate 12,000 sq. ft. service center, according to preliminary plans submitted to the county.

Kinsler also reports that Fink just won county approval for the plans for his new, 22,000-square-foot Chevrolet building on Wesley Chapel Boulevard.

There is one more Wesley Chapel car dealership under review by Pasco County at this time.  A used car dealership with a 4,500 sq. ft. building is proposed on the SW corner of CR 54 and Old Pasco Road.

Sunday, February 23, 2014

Home Affordability in the US

A recent study by HSH.COM looks at large cities across the United States.  The study shows the minimum salary you need to purchase a median priced home, based on 4th quarter median home prices from the National Association of Realtors, a 20% down payment and a 30 year fixed mortgage.

Russ Perlowski, People's Choice Realty 813-505-7460

Thursday, February 20, 2014

$20 million hockey facility proposed in Wesley Chapel

Laura Kinsler of the Tampa Tribune reports that there is a plan to build Florida's largest hockey and ice skating facility in Wesley Chapel.

The $20 million concept was proposed to Pasco County's Tourist Development Council and the 150,000 sq. ft. sports facility would be built at I-75 & SR 56.  The proposal includes four rinks including an Olympic sized rink with the "goal" of attracting teams from Florida.

Over the past several years there have been various reports of hockey proposals in Wesley Chapel and New Tampa but nothing has developed.

The proposed hockey arena comes on the heals of a large ballpark venue underway in Wesley Chapel..

Monday, February 10, 2014

February 2014 real estate report for Wesley Chapel

The volume of single family homes sold in Wesley Chapel in January 2014 was down from a year ago but the average sales price was higher, and distressed sales and all cash sales were down*

Quantity of reported Single family homes sold:

2013:  54
2014:  47

2013:  Avg. sales price--178,163 
Low price: $81,000 for a 3 bedroom, 2.5 bath, Foreclosure
High price: $350,000 for a 4 bedroom, 3 bathroom, pool home on 2+ acres.  
2014:  Avg. sales price--$230,485
Low price:  $80,000 for a  910 sq. ft., 2 bedroom, 1 bath, foreclosure, sold "As is"
High price: $499,990 for a 3,680 sq. ft.,  5 bedroom 4 bathroom, pool home

Distressed sales (Short Sales + Reo/Foreclosures) percentage:

2013:  43%
2014:  21%

All cash sales:

2013:  39%
2014:  26%

There are presently around 300 single family homes listed for sale in our MLS in Wesley Chapel.  List prices range from $125,000 to $1,490,000 and the average list price is $323,031.

*Information reported in MLS deemed reliable but not guaranteed

Russ Perlowski, People's Choice Realty (813) 505-7460