In a study conducted by HomeGain and reported by the Florida Association of Realtors, 75% of homeowners homeowners think their home is worth more than their agent’s recommended list price. Meanwhile, 63% of home buyers say homes are overpriced. Statistics from November, 2012 of homes sold in Charlotte County, FL show that the Average Selling Price as a % of List Price for all … Keep reading... about What is that house worth?
Price Trends
Sarasota Housing Market: November 2012
By: Andy Richardson, REALTOR, Suncoasteam Realty Contact Andy: 941-276-5997, car@suncoasteam.com The Sarasota housing market continued its positive trend in November of 2012 and is on pace to see the fourth highest number of annual sales in its 90 year history. November 2012 sales, which totaled 764 properties, was an astounding 29% increase over the 602 sales in November … Keep reading... about Sarasota Housing Market: November 2012
Cost of New Construction Rising
According to a report from the National Association of Home Builders, the cost of building a new home is rising far faster than inflation. The price of construction lumber is up over 30% from a year ago. Interior wallboard and cement are also increasing in price. These increases will push up the cost of building a new home significantly. As a result of the expected increase … Keep reading... about Cost of New Construction Rising
Economists: Florida real estate market improving
According to economists speaking at Florida Realtors® 2013 Real Estate and Economic Forecast Conference in Orlando on December 12, 2012, the Florida real estate market should improve well in 2013. Fannie Mae Chief Economist Doug Duncan said that the number of distressed properties should be reduced by almost half. Also aiding the real estate recovery, mortgage rates should … Keep reading... about Economists: Florida real estate market improving
Multiple offers now common on South Florida homes
According to the Florida Association of Realtors and an article in the Fort Lauderdale Sun Sentinel, multiple offers and sales higher than asking price are becoming common. In the report, they cite a two-bedroom condominium was listed for $53,000. Unlike other condos, this one wouldn’t prevent the buyer from renting the unit in the first year. A fair price with no rent … Keep reading... about Multiple offers now common on South Florida homes