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
Markets improving in December, 2012
According to a report by the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) as reported by the Florida Association of Realtors, there was a 60% surge in housing starts nationwide. View the report at: www.nahb.org./imi. … Keep reading... about Markets improving in December, 2012
Sarasota Housing Market: October 2012
By: Andy Richardson, REALTOR, Suncoasteam Realty Contact Andy: 941-276-5997, car@suncoasteam.com The Sarasota housing market posted robust numbers in October 2012. Sales, which totaled 719 properties, contributed to nearly a 24% increase from October 2011. Of the 719 sales, 516 were single family homes and 193 were condos. The sales numbers in October were also 10.9% higher … Keep reading... about Sarasota Housing Market: October 2012
Sarasota Housing Market: September 2012
By: Andy Richardson, REALTOR, Suncoasteam Realty The Sarasota housing market continued to show strong signs in September 2012. Sales, which totaled 648 properties, contributed to nearly a 14% increase from September 2011. Of the 648 sales, 500 were single family homes and 148 were condos. The demand for homes in Sarasota is also increasing. According to Sarasota … Keep reading... about Sarasota Housing Market: September 2012
Sarasota Housing Market: September 2012
The Sarasota housing market continued to show strong signs in September 2012. Sales, which totaled 648 properties, contributed to nearly a 14% increase from September 2011. Of the 648 sales, 500 were single family homes and 148 were condos. The demand for homes in Sarasota is also increasing. According to Sarasota Association of Realtors President, Laura Benson, … Keep reading... about Sarasota Housing Market: September 2012
UK Buyers of Florida Real Estate
U.K. buyers must act quickly to secure Fla. property bargains An article from the Florida Association of Realtors ORLANDO, Fla. – Oct. 10, 2012- Property prices are currently low in Florida, making it the best time to buy in years, but could soon be on the rise. “Now is the time to buy in Florida. We’re starting to see the beginning of the shift from a buyer’s to a seller’s … Keep reading... about UK Buyers of Florida Real Estate