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Mike's Real Estate Market Update: December 3, 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 1 5 minutes read

How long is it taking to get properties sold?  The numbers are mixed from area to area?  What does this 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

October 2018 Average Days on Market trend is Falling*

Average Days on Market in October 2018: 69

Down 8% compared to last month

Down 8% compared to last year


October 2018 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in October 2018: 93%

0% compared to last month

0% compared to last year


Manatee County

October 2018 Average Days on Market trend Remains Steady*

Average Days on Market in October 2018: 78

Up 5.4% compared to last month

Down 1.3% compared to last year


October 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in October 2018: 93%

Down 1.1% compared to last month

0% compared to last year

Longboat Key

October 2018 Average Days on Market trend is Falling*

Average Days on Market in October 2018: 105

Down 1.9% compared to last month

Down 9.5% compared to last year


October 2018 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in October 2018: 92%

Up 5.7% compared to last month

0% compared to last year

Holmes Beach/Bradenton Beach

October 2018 Average Days on Market trend is Rising*

Average Days on Market in October 2018: 203

Up 5.2% compared to last month

Up 62.4% compared to last year


October 2018 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in October 2018: 88%

0% compared to last month

Down 2.2% compared to last year

Siesta Key

October 2018 Average Days on Market trend is Rising*

Average Days on Market in October 2018: 123

Up 39.8% compared to last month

Up 16% compared to last year


October 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in October 2018: 93%

Up 1.1% compared to last month

Up 2.2% compared to last year

Venice

October 2018 Average Days on Market trend is Falling*

Average Days on Market in October 2018: 59

Down 6.3% compared to last month

Down 23.4% compared to last year


October 2018 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in October 2018: 95%

0% compared to last month

0% compared to last year

Sarasota

October 2018 Average Days on Market trend is Falling*

Average Days on Market in October 2018: 73

Down 6.4% compared to last month

Down 9.9% compared to last year


October 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in October 2018: 93%

Up 1.1% compared to last month

Up 1.1% compared to last year

Bradenton

October 2018 Average Days on Market trend Remains Steady*

Average Days on Market in October 2018: 72

Up 7.5% compared to last month

Down 7.7% compared to last year


October 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in October 2018: 94%

0% compared to last month

0% 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 November 2018, based on data available at the end of October 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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