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Becky Troutt

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Have housing prices hit bottom in Manatee County?

01-08-08
Becky Troutt

An article in today's Herald Tribune seems to point towards that. It appears our market has stabalized and is doing fairly well compared to many others in Florida, according to the article.

"Florida's best known economist says the Sarasota-Manatee residential property market bottomed out in September-October and has now stabilized in both price and volume."

"Hank Fishkind predicts flat prices for both counties through 2010, as the region chews through excess inventories of new houses and condominiums."

"I'm not seeing any major price declines, and I think volume has stabilized, Fishkind said."

These next few months are typically some of the busiest for our area since the snowbirds are here, so we will see what happens.

I will be posting the sold stats for December in about a week, but don't expect any high numbers. During the holidays, sales typically drop as many people are too busy with family and friends to look for a home. Many wait until after the New Year.

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Area home sales, prices continue to rise

01-01-08
Becky Troutt

Another positive article in today's newspaper states that area home sales and prices continue to rise.

"November is the third consecutive month that home sales and prices have exceeded the previous month."

"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."

"The biggest positive price jump in 2007 occurred between September and October, where median sales prices increased by nearly $20,000."

The article also states that prices aren't going to continue to grow by "leaps and bounds" this year, but at a more normal slow pace upward.

Since our market was one of the first that took a dive when the market turned, it is normal that we are one of the first to also see a comeback.

I will be posting the stats for December in about 2 weeks. So stay tuned for those numbers.

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