Sarasota Florida Flat Fee MLS Listings FSBO

                          
(Which Guy Could Sell Your Home the Quickest? The One in the Blue Shirt and Gold Tie Looks Like a Winner to Me.. (But The Donald Wins the Best Resolution Pic Award..)

The real estate market has picked up quite a bit in the Shirley International Realty Inc. office.. I’m seeing many international buyers diving into the market and taking advantage of economic slumps in the States, & many investors sinking their investment dollars back into rental properties, vacation homes, & really taking advantage of the great deals that our market is currently saturated with..

We feel our advances in internet marketing have lead to many of recently closed deals, and are now providing listing services for sellers all over the state of Florida. I will go over our new marketing techniques in a soon-to-be post.. For now, I want to take a look at the number of closed sales that have occured during the month of April 2008, and see if the market reflects the, “in-office” spike we’ve noticed..

Our numbers reflect Sarasota’s MLS statistics of Closed Transactions only during the month of April..

Single-Family Homes - 291

Condominium - 139

Multi-Family - 6

Land - 5

Its nice to see the single-family products selling really well.. This is probably a reflection of builder incentives, and being out of “season”, you’ll see more buyers grabbing the single-family homes as they are more interested in living here full time (annually). The condo market really spikes well in the early & late quarters, so moving out of that the single-family looks a little more attractive. Plus, with real estate prices coming down so low, as I mentioned above, there are many investors putting tenants in single-family products and trying to cash flow these investments. Great for the market, and clearing out the bargain/discount/distressed properties that many of sellers are competing against.

Here’s a list of the number of properties that entered the market during the month of April.

Single-Family Homes - 730

Condominiums - 425

Mult-Family - 42

Land - 44

 As you can see the trend continues.. As the market picks up quite bit, and the volume of buying spikes, so do the number of sellers entering the market and trying to take advantage. This could continue for years to come, so its important to have an agent that markets your home internationally, putting your listing in front of more buyers than the competing sellers.

Talk to Shirley International Realty Inc. about listing your home and saving money at the closing table! Our sales volume is up as our model is to work harder during this phase of the real estate game because many Realtors are diving out of the business and this is the time to seperate our brand from other firms. We love selling real estate! Let us know how we can help you!

Justin Shirley..

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 After running my search of new listings and closed transactions for the Sarasota market I see a big improvement in sales volume. I have been swamped with buyer traffic myself, and it seems that the market as a whole is experiencing the same trend. The only trend that will keep our property values from appreciating at this point is, the effect of buyers swarming the market and sellers seeing an opportunity to list quickly in hopes of a quick sale. In short, the more statistics that show “buy volume” going up, the more sellers pour into the market and see an opportunity to sale. I feel this will continue for some time until we can get this distressed inventory off the market (Foreclosures, short sales, bank owned REO/Loss Mitigation, etc.). Many sellers have pulled their homes off the market temporarily because of the lost cause due to buyer reluctancy; however, with months like March, sellers are coming back to the market. Here’s a look at the closed transactions in Sarasota County, plus Lakewood Ranch and University Park (Manatee County areas but readily shopped by Sarasota buyers).. Again, my numbers reflect MLS data only and closed transactions only.

Single Family Homes - 233

Condominium - 137

Multi-Family (Duplexes, Triplexes, etc) - 1

Lots & Acreage - 5

As you can see, this number is up quite a bit from Feb. and January. We had great weather and nice flow of seasonal vacationers that turned into buyers. Sarasota is easy to fall in love with once you sink your toes into the sand of Siesta Key and soak in that Florida sun. I attribute this spike to tourism as well the Federal Government cutting rates making mortgage interest less harsh on the weak dollar & our slow economy. However, let’s take a look at how many homes entered the market.. This number reflects new listings posted to MLS during the month of March.

Single-Family Homes - 766 (Not a typo..)

Condominium - 428

Multi-Family - 8

Lots/Acreage - 59

As you can see buying is up, but so is the number of sellers looking to bail out of their financial ties to their properties. Positively, we’re seeing more buyers floating around our open houses. I expect a strong April, as the market will slow down a bit as we enter summer. But, let’s not discount the fact that Europeans and the international market take strong interest in our Florida real estate during the summer months.

 Justin

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