Visit Our Brand New Team Renick Website!
Check it Out!
Do you want content like this delivered to your inbox?
Share

Mike's Weekly Real Estate Market Update 



In this broadcast, Mike shares the latest market data and explains what this means to you as a buyer or seller:  September 3, 2018


Share

Mike's Real Estate Market Update: September 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...

Sep 4 6 minutes read

Watch and Listen to Mike's Real Estate Market Report

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

[email protected]

941-400-8735

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

My Current Coverage Plan:

First Monday - What trends do we see in area sales?

Second Monday - Are local prices rising or falling?

Third Monday - How much inventory is out there today?

Fourth Monday - How long is it taking to get properties sold?  

Fifth Monday - No Report

Today's Coverage:  What trends do we see in area sales?

For Sale vs. Sold vs. Pended

About the For Sale vs. Sold Report

  • For Sale numbers are the snapshot of the number of properties for sale at the end of the month.
  • Pended numbers represent the number of properties that went into the "pending" status for that month.
  • Sold numbers represent the number of properties that are sold for that month.

 

Buyers/Sellers/Neutral Market

Use current inventory level to determine market condition. Generally

  • Inventory level of less than three indicates a strong seller market
  • Inventory level greater than six indicates a buyer's market.

Sarasota County

July 2018 is a Neutral market*


Home For Sale in July 2018: 4118 units.

Down 5.2% compared to last month

Down 1.5% compared to last year


Home Closed in July 2018: 1058 units.

Down 13.5% compared to last month

Up 4.6% compared to last year


Home Placed under Contract in July 2018: 1058 units.

Down 1.9% compared to last month

Up 8.5% compared to last year

 








Manatee County

July 2018 is a Neutral market*


Home For Sale in July 2018: 2883 units.

Down 4.4% compared to last month

Down 2.2% compared to last year


Home Closed in July 2018: 854 units.

Down 9.3% compared to last month

Up 15.1% compared to last year


Home Placed under Contract in July 2018: 860 units.

Down 0.6% compared to last month

Up 12.7% compared to last year






Longboat Key

July 2018 is a Buyer's market*


Home For Sale in July 2018: 319 units.

Down 7% compared to last month

Down 8.6% compared to last year


Home Closed in July 2018: 40 units.

Down 28.6% compared to last month

Up 14.3% compared to last year


Home Placed under Contract in July 2018: 48 units.

Up 20% compared to last month

Up 23.1% compared to last year





 


Holmes Beach/Bradenton Beach

July 2018 is a Buyer's market*


Home For Sale in July 2018: 188 units.

Down 4.6% compared to last month

Up 3.3% compared to last year


Home Closed in July 2018: 28 units.

Up 21.7% compared to last month

Up 7.7% compared to last year


Home Placed under Contract in July 2018: 29 units.

Up 52.6% compared to last month

Up 26.1% compared to last year






Siesta Key

July 2018 is a Buyer's market*


Home For Sale in July 2018: 312 units.

Down 6.9% compared to last month

Down 1.9% compared to last year


Home Closed in July 2018: 47 units.

Down 4.1% compared to last month

Up 14.6% compared to last year


Home Placed under Contract in July 2018: 44 units.

Up 18.9% compared to last month

Up 37.5% compared to last year






Venice

July 2018 is a Neutral market*


Home For Sale in July 2018: 828 units.

Down 3.6% compared to last month

Up 6% compared to last year


Home Closed in July 2018: 246 units.

Down 17.7% compared to last month

Up 13.9% compared to last year


Home Placed under Contract in July 2018: 215 units.

Down 14% compared to last month

Down 8.9% compared to last year






City of Sarasota

July 2018 is a Neutral market*


Home For Sale in July 2018: 2363 units.

Down 4.3% compared to last month

Down 1.8% compared to last year


Home Closed in July 2018: 590 units.

Down 11.1% compared to last month

Up 10.3% compared to last year


Home Placed under Contract in July 2018: 576 units.

Down 3.2% compared to last month

Up 7.3% compared to last year






Bradenton

July 2018 is a Neutral market*


Home For Sale in July 2018: 1429 units.

Down 6.7% compared to last month

Down 2.1% compared to last year


Home Closed in July 2018: 464 units.

Down 12.9% compared to last month

Up 12.9% compared to last year


Home Placed under Contract in July 2018: 476 units.

Down 5.6% compared to last month

Up 16.1% compared to last year





All reports are published August 2018, based on data available at the end of July 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
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info