May 14th, 2023 9:13 AM by Linda Holley
Good morning and Happy Mother's Day! The following real estate statistics are from Stellar MLS:
Fact: There are 1,110 new homes on the market from Sarasota to Port Charlotte. Sixty percent are located in North Port, Englewood, and Port Charlotte, Florida.
Tip: Always bring your own Realtor to a new community the first time. You'll have an experienced advocate when it's time to negotiate and you'll also have help getting your own inspections. If you visit the new home community without an agent, then your agent can't help you with negotiations and inspections. Linda Holley will be happy to accompany you to any of these new home communities!
Real Estate Statistics for Sarasota and Manatee County:
Fact: Months of inventory today= 2.54 months. Without new listings, it would take 2.54 months to sell homes that are on the market today.
Tip: Sellers - price your home competitively to avoid future price reductions and losing the right buyer for your home when it first comes on the market.
Fact: Between March 2022 and March 2023, Inventory went from .74 months to 2.54. There was 5 months of inventory the winter of 2020, so we are in a "shifting market."
Tip: Don't count on multiple offers and a bidding war today. Listen to your Realtor and price your home correctly on day one.
Fact: Average Sales price increased from $392,000 to $646,000 the past three years for single family homes.
Tip: Many buyers have been priced out of the market with increased interest rates. Homeowners who have great interest rates aren't selling.
Fact: I've recently worked two deals for cash buyers from Canada, which indicates to me that Canadians believe in investing in US real estate.
Tip: Cash buyers act quickly when they find the right home. Sellers: take their first offer seriously, or you'll lose them.
Fact: You marry your home, but you date your mortgage according to David McLaughlin, mortgage lender.
Tip: You can refinance a mortgage rate or buy down the rate. Don't let higher interest rates deter you from home buying.
Fact: Homes are staying on the market 30 days longer than this time last year.
FACT: Linda Holley will appear on Radio Station WENG next Friday, May 19th, on Kerri's morning talk show, sometime between 9:15 a.m. and 9:45 a.m. She'll talk about her book - Failure to Disclose - A Double-Edged Sword. Tune in to 98.1 FM, 1530 AM, or 107.5 FM. WENG is Southwest Florida's Information Station.
Tip: You can find Failure to Disclose on Amazon, Books a Million, or Barnes & Noble. If you purchase her book, please leave a review on Amazon. So far Linda has 5-star reviews! THANK YOU!
Call Linda Holley, 941-914-4914, Emerald Group of Fine Properties, for your real estate needs in Sarasota County. Blog posts: www.LindaHRealtor.com/blog - and check out my testimonials - www.LindaHRealtor.com
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.