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Mike's Real Estate Market Update: October 15, 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...

Oct 12 4 minutes read

September prices have fallen!


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

September 2018 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in September 2018: $191

Down 5.9% compared to last month

Down 0.5% compared to last year

Manatee County

September 2018 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in September 2018: $162

Down 9.5% compared to last month

Down 4.7% compared to last year

Longboat Key

September 2018 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in September 2018: $399

Down 11.7% compared to last month

Up 1% compared to last year

Holmes Beach/Bradenton Beach

September 2018 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in September 2018: $424

Down 26.4% compared to last month

Down 13.6% compared to last year

Siesta Key

September 2018 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in September 2018: $458

Up 2.7% compared to last month

Up 1.3% compared to last year

Venice

September 2018 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in September 2018: $162

Down 6.4% compared to last month

Up 0.6% compared to last year

Sarasota

September 2018 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in September 2018: $206

Down 5.9% compared to last month

Up 2% compared to last year

Bradenton

September 2018 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in September 2018: $156

Down 3.1% compared to last month

Down 3.7% compared to last year

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

[email protected]

941-400-8735

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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 October 2018, based on data available at the end of September 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 any way 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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