Bradenton - Sarasota Home Sales Down
Today's area papers carried stories about our local real estate market.
From the Sarasota Herald TribuneHeadline:
Housing prices are cooling off
Sales of existing homes have also dropped from last year.
By STEPHEN FRATER and MICHAEL POLLICKSTAFF WRITERS
For the second month in a row, the Sarasota-Bradenton market posted a double-digit drop in median sales price.
A single-family home sold for $309,700 during August, down 11 percent from a median of $347,400 during the same month in 2005. That is on the heels of an 11 percent drop during July.
It is a sure sign that the houses that are moving in a market saturated with listings are the ones most competitively priced.
"The biggest mistake today is they price their home off their neighbor's home down the street," said Dan Forbes, co-owner of Bradenton's Premier Team Inc. "Their neighbor's home has been on the market for five months and it still hasn't sold.
Continue reading the article athttp://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20060926/BUSINESS/609260568
From The HeraldHeadline:
Bradenton home sales take a dive
More houses being purchased at below area's average price
JAMES A. JONES JR.
MANATEE - The month of August let a bit more air out of the housing market, both locally and statewide.
Existing home sales fell 34 percent statewide, and 28 percent in the Bradenton-Sarasota market, according to the Florida Association of Realtors.
Statewide, the median price of housing flatlined at $248,400, the same as it was a year earlier.
Locally, the Bradenton-Sarasota market hung onto its distinction as the state's fifth most expensive housing market, even though the median price took an 11 percent tumble, falling from $347,400 last year to $309,700 this year.
Continue reading the article athttp://www.bradenton.com/mld/bradenton/15608799.htm
From the Sarasota Herald TribuneHeadline:
Housing prices are cooling off
Sales of existing homes have also dropped from last year.
By STEPHEN FRATER and MICHAEL POLLICKSTAFF WRITERS
For the second month in a row, the Sarasota-Bradenton market posted a double-digit drop in median sales price.
A single-family home sold for $309,700 during August, down 11 percent from a median of $347,400 during the same month in 2005. That is on the heels of an 11 percent drop during July.
It is a sure sign that the houses that are moving in a market saturated with listings are the ones most competitively priced.
"The biggest mistake today is they price their home off their neighbor's home down the street," said Dan Forbes, co-owner of Bradenton's Premier Team Inc. "Their neighbor's home has been on the market for five months and it still hasn't sold.
Continue reading the article athttp://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20060926/BUSINESS/609260568
From The HeraldHeadline:
Bradenton home sales take a dive
More houses being purchased at below area's average price
JAMES A. JONES JR.
MANATEE - The month of August let a bit more air out of the housing market, both locally and statewide.
Existing home sales fell 34 percent statewide, and 28 percent in the Bradenton-Sarasota market, according to the Florida Association of Realtors.
Statewide, the median price of housing flatlined at $248,400, the same as it was a year earlier.
Locally, the Bradenton-Sarasota market hung onto its distinction as the state's fifth most expensive housing market, even though the median price took an 11 percent tumble, falling from $347,400 last year to $309,700 this year.
Continue reading the article athttp://www.bradenton.com/mld/bradenton/15608799.htm
posted by Dan Forbes at
8:17 AM
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