The inventory of properties available for sale in Venice (zip codes 34285, 34292 & 34293) has been declining since the end of last year; although for the last 4 months it has remained fairly constant, hovering around a 6 month inventory of homes available for sale.  There is currently a 6.4 month supply of inventory, and 1,049 homes for [...]

My article summarizing the state of North Port's real estate market for June 2011 was quoted in a recent Herald-Tribune article by Michael Braga.  Here is the introduction and link to the full story.

"The number of foreclosure actions moving through the court system in Southwest Florida spiked in June, a possible sign that the nine-month [...]

The inventory of homes available for sale in North Port evidenced, at most price points, a modest up-tick in June 2011 from May 2011 ; however, not enough to stem the trend of a general decline in inventory from highs reached over the past year.  There is currently a 4.3 month supply of homes available for sale.  In May it was 3.6, [...]

City of North Port, the North Port Area Chamber of Commerce and the North Port Sun is sponsoring this seminar at which I will be a speaker on short sales, together with Attorneys, CPAs, and Credit Counsellors. Here is the event flyer and text details below. [...]

The inventory of properties available for sale in Venice (zip codes 34285, 34292 & 34293) has been declining.  There is currently a 6.1 month supply of inventory, and 1,092 homes for sale.  A 6 month supply is considered “neutral”, i.e., a fairly balanced market between sellers and buyers.  The current inventory is lower than at any [...]

In my “State of the Real Estate Market --- Venice --- June 19, 2011”, I said, “... If banks continue to release Distressed Properties in Venice at the current pace, it should not significantly reduce prices or increase inventory.”  Well, David Streitfeld, writing for the New York Times, “Backlog of Cases gives a Reprieve on [...]

The inventory of homes available for sale in North Port has been declining.  There is currently a 4 month supply of homes available for sale.  A 6 month supply is considered “neutral”, i.e., a fairly balanced market between sellers and buyers.  As of May 31, 2011, there were 606 homes for sale.  At year’s end, December 31, 2010, [...]

Unless you have a very long time horizon --- long as defined in “multiple years” --- holding off on your decision to sell or buy your home is unlikely to get you anywhere.  It is unlikely to realize any financial gain and will kick down the road the type of home and community you choose to live in. Two weeks ago I opined in this blog [...]

It seems we’re getting bombarded with conflicting statistics and information regarding the pace of home sales and values in Sarasota County.  Within just the last two days several news outlets have reported that home prices, in line with data from Case-Shiller, fell 3% in the first quarter of this year from the fourth quarter of 2010.  [...]