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Mike's Real Estate Market Update: December 10, 2018

Michael Renick

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

Dec 9 6 minutes read

The latest sales numbers continue to be mixed.  What are they like in your area and what does that mean to you as a buyer or seller? 


Watch and Listen to Mike's Real Estate Market Report to find out the answers to these questions and learn how to use this information to formulate your competitive advantage!

Sarasota County

November 2018 is a Neutral market*

Home For Sale in November 2018: 5043 units.

Up 9% compared to last month

Up 12.9% compared to last year


Home Closed in November 2018: 908 units.

Down 0.5% compared to last month

Up 1.3% compared to last year


Home Placed under Contract in November 2018: 886 units.

Down 3.1% compared to last month

Down 4.9% compared to last year


Manatee County

November 2018 is a Neutral market*

Home For Sale in November 2018: 3186 units.

Up 8.6% compared to last month

Up 4.9% compared to last year


Home Closed in November 2018: 720 units.

Down 0.6% compared to last month

Up 7.1% compared to last year


Home Placed under Contract in November 2018: 659 units.

Down 14.1% compared to last month

Down 7.4% compared to last year

Longboat Key

November 2018 is a Buyer's market*

Home For Sale in November 2018: 396 units.

Up 12.2% compared to last month

Up 7.9% compared to last year


Home Closed in November 2018: 35 units.

Up 75% compared to last month

Up 9.4% compared to last year


Home Placed under Contract in November 2018: 24 units.

Down 7.7% compared to last month

Down 44.2% compared to last year

Holmes Beach/Bradenton Beach

November 2018 is a Buyer's market*

Home For Sale in November 2018: 180 units.

Up 11.1% compared to last month

Up 10.4% compared to last year


Home Closed in November 2018: 16 units.

0% compared to last month

Down 36% compared to last year


Home Placed under Contract in November 2018: 13 units.

Down 18.7% compared to last month

Down 40.9% compared to last year

Siesta Key

November 2018 is a Buyer's market*

Home For Sale in November 2018: 349 units.

Up 10.4% compared to last month

Up 18.7% compared to last year


Home Closed in November 2018: 29 units.

Up 52.6% compared to last month

0% compared to last year


Home Placed under Contract in November 2018: 31 units.

Up 40.9% compared to last month

Down 20.5% compared to last year

Venice

November 2018 is a Neutral market*

Home For Sale in November 2018: 1094 units.

Up 13.6% compared to last month

Up 25.2% compared to last year


Home Closed in November 2018: 253 units.

Up 10.5% compared to last month

Up 28.4% compared to last year


Home Placed under Contract in November 2018: 199 units.

Down 23.2% compared to last month

Down 2.5% compared to last year

Sarasota

November 2018 is a Neutral market*

Home For Sale in November 2018: 2765 units.

Up 8.9% compared to last month

Up 11.6% compared to last year


Home Closed in November 2018: 468 units.

Down 6% compared to last month

Down 8.6% compared to last year


Home Placed under Contract in November 2018: 473 units.

Down 2.3% compared to last month

Down 13.5% compared to last year

Bradenton

November 2018 is a Neutral market*

Home For Sale in November 2018: 1604 units.

Up 9% compared to last month

Up 4.2% compared to last year


Home Closed in November 2018: 413 units.

Up 1.2% compared to last month

Up 11.3% compared to last year


Home Placed under Contract in November 2018: 353 units.

Down 18.5% compared to last month

Down 7.8% compared to last year

Please let me know what area you would like me to personally prepare for you?

[email protected]

941-400-8735

*********************

To best understand the market, we need to look at the four factors (sales performance, price direction, how much competition, length of time on the market) I have highlighted on our plan below.  When we combine all of these factors for your specific area, you will be fully equipped to negotiate the best deal for you!  Isn't that what it is all about?


Our Current Coverage Plan:

  • First Monday - How long is it taking to get properties sold?  
  • **Second Monday - What trends do we see in area sales?
  • Third Monday - Are local prices rising or falling?
  • Fourth Monday - How much inventory is out there today?
  • Fifth Monday - No Report

** New Monthly Data Released

All reports are published December 2018, based on data available at the end of November 2018, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS. The Mid-Florida MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Mid-Florida MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Mike Provides even more Crucial Information for his Buyers and Sellers:


 


 

I would enjoy the opportunity to prepare your personal update:  No Obligation!

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