Tagged : market statistics

Found 8 blog entries tagged as "market statistics".

 

Here are the September 2013 statistics for the real estate market in Sarasota County. These statistics offer a clear-eyed view of exactly what's happened in the Sarasota County real estate market during the past 12 months. Community stats for a particular ZIP Code appear on the neighborhood pages.

These results have not yet been released to the public by the Sarasota Association of REALTORS®.

Note that these four charts are updated frequently and automatically from Multiple Listing Service (MLS) feeds. For the date of the most recent update, please see the line below each chart.

  • The Market Activity chart tracks inventory trends;
  • The Pricing chart tracks median and average sale price changes;
  • The Days On Market chart tracks length of
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Here are the August 2013 statistics for the real estate market in Sarasota County. These statistics offer a clear-eyed view of exactly what's happened in the Sarasota County real estate market during the past 12 months. Community stats for a particular ZIP Code appear on the neighborhood pages.

These results have not yet been released to the public by the Sarasota Association of REALTORS®.

Note that these four charts are updated frequently and automatically from Multiple Listing Service (MLS) feeds. For the date of the most recent update, please see the line below each chart.

  • The Market Activity chart tracks inventory trends;
  • The Pricing chart tracks median and average sale price changes;
  • The Days On Market chart tracks length of
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The Chief economist for the popular real estate website Zillow.com predicts moderation in Sarasota home prices over the next 12 months. Stan Humphries noted a 13 percent increase in home values over the last year but predicted a more sustainable 4.3 price-appreciation percent for the next 12 months, according to an interview with Harold Bubil in the Sarasota Herald-Tribune.

Humphries points to higher mortgage rates, lower affordability and new construction as factors in reducing demand. He expects newly built homes to ease the current low inventory. Also, homeowners will begin selling again once they achieve enough equity to cover transactions costs.

He suggests that the Sarasota real estate market take four or five years to return to boomtime

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The Local Market Insightall-cash deal has held sway in Sarasota for as long as I can remember, especially in the luxury market, and I have lived in the Sarasota area for more than 20 years. In my experience focused on selling residences listed at $500,000 and up, my clients are individual buyers, not institutional investors.

Certainly, people became more aware of this reality as credit tightened. The buyers who need mortgage support do struggle to find sellers willing to accept their offer.

In July 2013, there were 562 all-cash out of 991 sales for 57 percent; 389 involved a loan (39 percent); and 40 were classed as other (4 percent). For Manatee County, 47 percent of the July sales were all cash (330 out of 701). My Florida Regional Multiple Listing Service

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In Sarasota and the USA in general, we see that houses are selling faster. This lively pace feels especially welcome locally. After all, we expect the summer slowdown and, by August, businesses await the return of our Snowbirds.

Contrariwise, this summer the housing market is roaring back in Sarasota & Her Islands well before High Season.

New data from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released on August 23, 2013 showed strong results for non-distressed properties in July. This property category registers as the biggest and fastest growing segment of the 2013 housing market.

Let’s look at three key barometers that show a healthy housing market:

  • Time on Market fell to a three-and-a-half year low of 8.6
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The Sarasota Association of Realtors® announced another installment in the selling streak that promises to make 2013 a record year in local real estate history. So far this year, Sarasota & Her Islands are seeing a strong recovery after languishing in the doldrums of the Great Recession. Members of the Association closed 911 sales during July 2013, which amounted a 30.3 percent increase as compared to July 2012. The July results were 3.2 percent better than for June 2013. Also, the median price for single family homes rose 7.2 percent from June 2013 to July 2013. Single family home prices have risen 16 percent over the past 12 months.

Inventory continues at very low levels with only 3.1 months of single family homes (SFH) and 4.6 months of condos

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For up-to-date Real Estate Market Statistics for Sarasota County click here.

These statistics offer a clear-eyed view of exactly what's happened in the Sarasota County real estate market during the past 12 months. Community stats appear on the page for each neighborhood.

Note that these four charts are updated frequently and automatically from Multiple Listing Service (MLS) feeds. For the date of the most recent update, please see the line below each chart.

  • The Market Activity chart tracks inventory trends;
  • The Pricing chart tracks median and average sale price changes;
  • The Days On Market chart tracks length of time between listing and sale;
  • The Sold Price to List Price Ratio chart compares aggregate original list price to sold
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The statistics are accumulating to build evidence that a housing recovery is underway, The New York Times reports (June 27, 2012).

Prices are rising in many communities, including Sarasota. Sales are increasing. Home builders are raising roofs again.

Yes, recovery likely will be at a snail's pace, and not all houses will bring higher prices. Many households owe more than their homes are worth and face foreclosure. There's also the ever-present danger that something untoward could happen to douse the positive signs in the overall U.S. economy as well as in housing.

Even so there are signs of life in Sarasota and throughout the industry.

“It feels very much like we’ve hit a bottom and we’re starting to come off of that bottom,” Stuart

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