Bradenton Florida Condo Market Conditions - Feb. 2008 - Some Good News

Our Bradenton, Florida housing market has been reeling from a massive slowdown and price depreciation of over 30% since the high of 2005. Please see my previous post for the Single-Family Home Market Conditions. This post is about the Condo Market and some good news.

There is Some Good News to Report in the Bradenton, FL Condo Market

Total Inventory is Decreasing. Total number of condos for sale is about 9% lower than this time last year.
Sales are Increasing. Sales are up 40% over last month. Obvious, this is a good sign as well.
Days on Market are Decreasing. This is another positive sign.
Median Sales Price Has Become Affordable. Our median sales price of $149,000 is over $88,000 lower than it was in 2005. This is a decline of 37%.

Bradenton Florida Condo Market Condtions

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Dan Forbes, PL is a licensed Broker-Associate and Certified Residential Specialist. He leads the Forbes Advantage Teamat RE/MAX Gulfstream Realty's Lakewood Ranch Office in Bradenton, Florida.

To learn more about buying a home or selling a home in the Bradenton - Sarasota Florida Real Estate market please visit Dan on the web at BradentonFloridaRealEstate.com ; TheRealEstateZoo.com; The-Short-Sale-Expert.com ; and BradentonRealEstateClub.com

Call Dan Forbes today: 941-713-5760 or toll free at 800-756-3068.

Posted Sunday Mar 09

(03/09/08 08:08PM) — Brian Luce

Glad to hear that. I have a friend who is an agent in the Bradenton, Florida area. In business only about 3 years, she really doesn't have that "huge client base" to keep her going in the tougher times. She's hanging in there. Hoping that trend keeps going up there.

(03/09/08 08:42PM) — Celeste "SALLY" Cheeseman (RA), e-PRO HAWAII Real Estate & HAWAII Relocation

Now this is some great news Dan! I just have a great feeling that this is going to be a good year....:)

(03/09/08 09:23PM) — Simon Conway

Love this Dan. Please set me up on a search. Ocean front condo - 2 beds, 2 baths min - rentable in the season. Sarasota area. Under 400k!

(03/09/08 10:44PM) — Lisa Hill (Daytona Beach Real Estate)

Very nicely done! As you know, I love charts! They make it so much easier to communicate the actual facts of the local market.

(03/10/08 05:42AM) — Bradenton Florida Real Estate - Dan Forbes

Brian - I wish you friend well.

Sally - Real estate will be great in 2008.

Simon - Got it.

Lisa - I know that you do a good job with your reports.

(03/10/08 06:25AM) — Mark Organek - Tempe Gilbert Mesa Chandler REALTOR

Holy smoke! That is a ton of valuable info. Our regional puts out numbers but I never thought of graphing them out. Great idea! Thank you!!!

(03/11/08 01:17AM) — Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes

Dan- We see and feel the same thing here in our market too! We are getting multiple offers on our short sale listings when just last year before December, nothing at all was moving, no offers, nada, so this is a very good sign!