All in all, March was a good month for home sales in Sarasota County.  Inventory levels, both closed and pended, which began to rise in the 4th quarter of 2018, receded in March, although they remained higher than the same time last year. The real strength was in sold homes, up 34% from last … Continue reading A Leveling in Prices Creates a Market Bounce in Units Sold

In February, the trend of increasing inventory and price stabilization continued unabated. I’m often asked, “How’s the Market”?  As in all aspects of life, it often isn’t black or white, i.e., Buyer’s Market or Seller’s Market.  More often it is shades of grey, a little bit of both, somewhere in between.  In February it was … Continue reading SARASOTA COUNTY:  INVENTORY INCREASES AS PRICES STABILIZE

I believe we are caught in the cross-hairs of a Market Shift.  In January, Listings increased dramatically, while Sold Homes decreased, pointing to a Buyer’s Market.  Of the homes that sold, there was a slight increase in the sold price.  This may be a carry-over from the fall of 2018, when there was less inventory. … Continue reading Sarasota County: In the Cross-Hairs of a Market Shift.

  Now that we have the final stats for December, I can conclusively call 2018 the year we went from a Seller’s Market to a Neutral Market.  Heading into 2019, we are trending towards a Buyer’s Market.   Here’s why.  December 2018, the number of new listings increased, while the number of sold and pending listings … Continue reading Sarasota County: The Housing Market Has Shifted.

2018 was a Neutral Market, balanced between buyers and sellers.  Prices for all Single-Family-Homes increased within a 4-5% range.  The average sold price per square foot rose 4.2% to $197/sq. ft.; the median sold price increased 5.2% to $282,000; and the average sold price was up 4.9% to $386,000.  The inventory of homes for sale … Continue reading Sarasota County: 2018 Year-In-Review & 2019 Forecast

Last month my Market Analysis of Homes Sales covered Venice and Nokomis for the 3-month quarter, July – September 2018. I cautioned that although home sales remained resilient, with solid, albeit modest appreciation, inventory levels were beginning to rise, which may limit continued price appreciation. A good indicator of how the market is trending is … Continue reading Venice|Nokomis: Nov 2018, Homes Prices Steady.

This month’s Market Analysis for Home Sales covers Venice and Nokomis for the third quarter of this year.   Home sales remain resilient. For the current quarter, July – September 2018, prices increased 3.4% from the same quarter last year to $306,000 from $296,000. Solid, measured appreciation, sustainable growth.   Pending contracts increased 7.6% over … Continue reading Home Sales Report 3rd Qtr: Venice & Nokomis

My Market Analysis for June 2018 covers data for the second quarter of this year, April to June 2018. It covers all of Venice, i.e., the Island, the incorporated and the unincorporated portions of Venice (South, North & Central Venice). It remains a Seller’s Market, with Months of Inventory Based on Closed Sales at only … Continue reading Venice 2018: 2nd Qtr Real Estate Sales Stats

I have been reporting that prices have stabilized, that the resale home market in Venice, Florida is neutral. Well, the month of May bucked that trend. May 2018 was a Seller’s market! Compared to May 2017 everything was up: 1. Number of New Listings: up 8.6% from one year earlier. 2. Number of Sold Listings: … Continue reading It Turned to a Seller’s Market: Venice May 2018

When priced correctly, to market value, homes sell. Priced too high, sales languish. In April 2018 sellers got the message. There was a slight reduction in sold prices. The result, homes sold, and inventory of homes for sale is now very low. Accordingly, we are in a Seller’s market relative to the low supply of … Continue reading Venice: Home Prices Neutral as Inventory Goes Low.