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By Joe Kipping

Top Realtor Joseph Kipping’s more than 18 years of professional experience in the real estate, banking, and mortgage industries makes him uniquely knowledgeable in all facets of buying and selling properties. His experience in the mortgage industry working with Lendingtree.com clients served as the foundation for his true passion – serving his clients and community as a full-time Realtor. This dedication to his Tampa Bay clients has enabled Joe to sell more than 1,200+ homes in the Tampa Bay area since 2008. Referrals from past clients and repeat business have driven much of Joe’s success because his clients know that they will never see high-pressure sales tactics, marketing gimmicks or any unprofessional practices.

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With only one month of 2021 in the books, it’s obviously still hard to say how this year will shape up for our Wesley Chapel market. That said, if you compare the data from last month to January 2020, it becomes quite clear that our market underwent a significant transformation over the course of 12 months. The only thing January 2020 and January 2021 seem to have in common is that they were both technically seller’s markets—though one of them was much, much more extreme. Get this: We managed to start 2021 off with a 25% year-over-year increase in sales while working with 64% less inventory! 

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Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to skip to topics that interest you most:

0:22 — Year-over-year home sales for January are up 25% despite a massive drop in inventory 

1:35 — The median sales price in Wesley Chapel: January 2020 versus January 2021

2:39 — The days on market being cut in half is proof of of fast-paced seller’s market 

3:37 — The basic formula for rapid home sales and double-digit appreciation

4:15 — A real-life example of how sellers are able to control terms and fetch top dollar

5:22 — Wrapping up today’s market report and an invitation to learn more about our process

I hope this update helped put the commotion of the market into perspective. If you want to have a chat with us about what it would look like to sell your home in today’s blazing market, feel free to give us a call or send an email. Even if you just want a quick no-obligation valuation of your property, we’d be more than happy to help! We look forward to hearing from you soon.

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