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Mike's Real Estate Market Update: November 12, 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...

Nov 8 6 minutes read

Sales numbers continue to climb in some areas, while in others they are falling.  What are they like in your area?

What does this mean to you as a buyer or seller?


Watch and Listen to Mike's Real Estate Market Report to learn how to use this information to formulate your competitive advantage!

Sarasota County

October 2018 is a Neutral market*

Home For Sale in October 2018: 4627 units.

Up 11.1% compared to last month

Up 11.8% compared to last year


Home Closed in October 2018: 910 units.

Up 8.7% compared to last month

Up 4.4% compared to last year


Home Placed under Contract in October 2018: 963 units.

Up 12.5% compared to last month

Up 0.7% compared to last year

Manatee County

October 2018 is a Neutral market*

Home For Sale in October 2018: 2934 units.

Up 5% compared to last month

Up 1.1% compared to last year


Home Closed in October 2018: 714 units.

Up 3.5% compared to last month

Up 16.3% compared to last year


Home Placed under Contract in October 2018: 812 units.

Up 24.5% compared to last month

Up 9.7% compared to last year

Longboat Key

October 2018 is a Buyer's market*

Home For Sale in October 2018: 353 units.

Up 16.1% compared to last month

Up 2.3% compared to last year


Home Closed in October 2018: 20 units.

Down 16.7% compared to last month

Up 11.1% compared to last year


Home Placed under Contract in October 2018: 27 units.

Up 35% compared to last month

Down 20.6% compared to last year

Holmes Beach/Bradenton Beach

October 2018 is a Buyer's market*

Home For Sale in October 2018: 162 units.

Down 4.7% compared to last month

Up 7.3% compared to last year


Home Closed in October 2018: 15 units.

Up 25% compared to last month

Down 31.8% compared to last year


Home Placed under Contract in October 2018: 17 units.

Up 21.4% compared to last month

Down 26.1% compared to last year

Siesta Key

October 2018 is a Buyer's market*

Home For Sale in October 2018: 316 units.

Up 11.3% compared to last month

Up 16.2% compared to last year


Home Closed in October 2018: 19 units.

Down 34.5% compared to last month

Down 51.3% compared to last year


Home Placed under Contract in October 2018: 22 units.

Up 4.8% compared to last month

Down 35.3% compared to last year

Venice

October 2018 is a Neutral market*

Home For Sale in October 2018: 963 units.

Up 9.1% compared to last month

Up 19.3% compared to last year


Home Closed in October 2018: 227 units.

Up 26.1% compared to last month

Up 5.6% compared to last year


Home Placed under Contract in October 2018: 271 units.

Up 29% compared to last month

Up 13.4% compared to last year

Sarasota

October 2018 is a Neutral market*

Home For Sale in October 2018: 2540 units.

Up 10.1% compared to last month

Up 9.2% compared to last year


Home Closed in October 2018: 495 units.

Up 7.8% compared to last month

Up 6.2% compared to last year


Home Placed under Contract in October 2018: 505 units.

Up 12.2% compared to last month

Up 6.1% compared to last year

Bradenton

October 2018 is a Neutral market*

Home For Sale in October 2018: 1471 units.

Up 3.2% compared to last month

Down 1% compared to last year


Home Closed in October 2018: 403 units.

Up 4.7% compared to last month

Up 22.1% compared to last year


Home Placed under Contract in October 2018: 464 units.

Up 27.5% compared to last month

Up 12.3% 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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