Bradenton Florida Real Estate News

Monday, December 31, 2007

Bradenton Prices Moving Upward

Although our Bradenton - Sarasota Florida real estate market was declared the seventh worst market in the nation, things are now looking up. Both home sales and home prices moved up for November compared to October. Although sales and prices are below what they were this time in 2006, they seem to be trending upward the last two to three months.

Today's news on reads,

"While November 2007 homes sales were down 17 percent from November 2006, they were up 5 percent over October's number...

"The median price in Bradenton/Sarasota dropped from November 2006 to November 2007 by 4 percent, but month to month prices are starting to show a small gain.

"The median price of an existing home in Bradenton/Sarasota was $267,700 in November, $3,600 higher than it was just one month before."

Read my prediction about our Bradenton Real Estate Market in my post,

Why We Are Poised for Recovery: People Are Sick and Tired of Being Sick and Tired

(copyright 2007 by Dan Forbes, All Rights Reserved)

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Friday, December 14, 2007

Bradenton Florida Short Sale Listings

Please contact me, Dan Forbes, or call if you have questions about our Bradenton, Florida real estate market at 941-746-0505; toll free 877-646-8326. Visit my web site and blogs ; ;

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Monday, December 10, 2007

Bradenton Florida Real Estate Market Conditions Report


Market Conditions Report Summary

November 2007
(from our study of the Gulf Coast Regional Multiple Listing Service)

Statistics for Single Family Homes

  • Total Listings: 4354 - Up 2.7% over last year. DOWN 6.8% from last month

  • Total Solds: 161 - Down 11.55% year to year, and Up 25.7% from last month . 96.25+% of homes for sale DID NOT SELL in November.

  • Median Sales Price: $180,000 – Up 10.4% from a year ago. Down 24.2% from high of 2005

  • Absorption Rate: 27.0 months. This is how long it would take to sell all of today's listings at the rate homes are selling and if no other homes were listed. Last year: 23.4 months.

  • Average Days on Market: 106 – Up 15.2% over last year

Statistics for Condos

  • Total Condo Listings: 2002 – Up 3.2% over last year. Up 2.1% from last month

  • Total Solds: 57 – Up 35.7% year to year and Up 23.9% over last month.

  • Median Sales Price: $180,000 – Up 10.4% from a year ago. Down 24.2% from high of 2005

  • Absorption Rate: 35.1 months. Last year: 46.2 months.

  • Average Days on Market: 140 – Up 70.0% over last year

Finally, Things Are Looking Up!!!

The dark clouds may be parting in our Bradenton real estate market. There just may be more good news than bad news. We may have reached the tipping point. Could 2008 begin the recovery in our market? It appears hopeful.

  • Inventory is going down. That is significant.

  • Sales are going up. Another signficant number.

  • Days on Market. Well, they increased, which is not good. Look for this to turn around as the market improves.

Here is the detailed Market Conditions Report:

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