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Mike's Real Estate Market Update: January 14, 2019

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...

Jan 15 6 minutes read

Local sales numbers have fallen!  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 answer to this question and learn how to use this information to formulate your competitive advantage!

Sarasota County

December 2018 is a Buyer's market*

Home For Sale in December 2018: 5181 units.

Up 2.7% compared to last month

Up 14.4% compared to last year


Home Closed in December 2018: 787 units.

Down 14.9% compared to last month

Down 20.8% compared to last year


Home Placed under Contract in December 2018: 723 units.

Down 13.2% compared to last month

Down 18.1% compared to last year


Manatee County

December 2018 is a Neutral market*

Home For Sale in December 2018: 3176 units.

Down 0.3% compared to last month

Up 4.5% compared to last year


Home Closed in December 2018: 704 units.

Down 4.5% compared to last month

Down 7.1% compared to last year


Home Placed under Contract in December 2018: 605 units.

Down 2.1% compared to last month

Up 4.5% compared to last year

Longboat Key

December 2018 is a Buyer's market*

Home For Sale in December 2018: 429 units.

Up 8.3% compared to last month

Up 15% compared to last year


Home Closed in December 2018: 23 units.

Down 34.3% compared to last month

Down 41% compared to last year


Home Placed under Contract in December 2018: 31 units.

Up 29.2% compared to last month

Up 24% compared to last year

Holmes Beach/Bradenton Beach

December 2018 is a Buyer's market*

Home For Sale in December 2018: 194 units.

Up 7.8% compared to last month

Up 16.2% compared to last year


Home Closed in December 2018: 13 units.

Down 18.7% compared to last month

Down 27.8% compared to last year


Home Placed under Contract in December 2018: 9 units.

Down 30.8% compared to last month

Down 35.7% compared to last year

Siesta Key

December 2018 is a Buyer's market*

Home For Sale in December 2018: 371 units.

Up 6.3% compared to last month

Up 18.2% compared to last year


Home Closed in December 2018: 20 units.

Down 31% compared to last month

Down 41.2% compared to last year


Home Placed under Contract in December 2018: 21 units.

Down 27.6% compared to last month

Down 43.2% compared to last year

Venice

December 2018 is a Neutral market*

Home For Sale in December 2018: 1111 units.

Up 1.6% compared to last month

Up 24.3% compared to last year


Home Closed in December 2018: 187 units.

Down 28.1% compared to last month

Down 16.5% compared to last year


Home Placed under Contract in December 2018: 179 units.

Down 7.7% compared to last month

Up 7.8% compared to last year

Sarasota

December 2018 is a Buyer's market*

Home For Sale in December 2018: 2799 units.

Up 1.2% compared to last month

Up 10.5% compared to last year


Home Closed in December 2018: 410 units.

Down 13.5% compared to last month

Down 26% compared to last year


Home Placed under Contract in December 2018: 372 units.

Down 14.5% compared to last month

Down 25.2% compared to last year

Bradenton

December 2018 is a Neutral market*

Home For Sale in December 2018: 1591 units.

Down 0.8% compared to last month

Up 3.7% compared to last year


Home Closed in December 2018: 379 units.

Down 10.2% compared to last month

Down 12.3% compared to last year


Home Placed under Contract in December 2018: 327 units.

Up 0.3% compared to last month

Down 2.1% compared to last year

Please let me know what area you would like me to personally perform a market analysis on 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 January 2019, based on data available at the end of December 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!

Reach out to Mike
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